Sale reports / Montana / Miles City Livestock Commission / 2023-10-24

Miles City Livestock Commission

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Miles City, Montana · Tue, Oct 24
● Final80 lots reportedUSDA AMS · slug 1773
Feeder Cattle receipts
3,267 head
▲ 672 vs last sale 2,595▲ 1,861 vs year ago 1,406 · +132.4%
Slaughter Cattle receipts
621 head
▼ 281 vs last sale 902▲ 340 vs year ago 281 · +121.0%
Replacement Cattle receipts
288 head
▲ 93 vs last sale 195▲ 186 vs year ago 102 · +182.4%
View

Reporter comment USDA

As filed

Compared to week: Yearling steers were too lightly tested to develop any market trend. Steer calves under 500 lbs sold sharply lower, with most sales 25.00-35.00 lower, steers over 500 lbs sold mostly 15.00-20.00 lower. Yearling heifers sold generally steady in a narrow comparison. Heifer calves under 500 lbs sold sharply lower with most sales 20.00-30.00 lower, heifers over 500 lbs sold mostly 5.00-10.00 lower in a narrow comparison. Quality was mostly average this week with a limited offering of attractive calves seen. No load lots were seen again this week as most calves continue to be offered in small packages. A winter storm is poised to hit tomorrow through the end of the week and several buyers were out of the market as a result. This, coupled with a sharply lower board positions had many buyers sitting on their hands this week. CME positions closed near steady today. The Nearby October closed at 239.425, 9.375 lower than last Tuesday, while the November closed at 235.425, 15.025 lower than last Tuesdays close. This is all in response to Fridays cattle on feed report which showed on feed and placements higher than anticipated in the pre report estimates. Several sets of calves offered buyers two rounds of vaccinations; these offerings sold with the best demand as weather has many buyers concerned over calves health. Most calves continue to be light weight and in light flesh. This also hindered demand as many are concerned with calves health going into a snowstorm and with sharply colder temperatures forecasted. Market activity was mostly moderate today and not as active as last week. Weigh up cows sold on mostly light to moderate demand and moderate to heavy offerings. Demand for slaughter cows was lighter again this week as all packers showed lighter demand for cows. Slaughter cows sold mostly 4.00-5.00 lower on boning cows lean cows. Breaking cows were too lightly tested to develop an accurate market trend, however higher undertones were noticed. High quality feeding cows, suitable to feed to premium white sold 3.00-5.00 lower however quality was not as attractive this week as last. Thin feeding or turn out cows sold steady to 3.00 lower. Cow quality was mostly plain to average this week with many sets of very thin low dressing or very low dressing cows seen. Slaughter bulls sold fully steady in a narrow comparison. Weigh up conditions were mixed this week. Young age cows sold mostly 15.00 lower. Demand was significantly lighter from feeding cow buyers which allowed prices to slide lower.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $299.01/cwt on 1,386 head.
Average price
$299.01
1,386 head · 454 lb average
Value per head Derived
$1,356
Price × average weight ÷ 100
Grade differential Derived
−$221
per head · Large 1 over Medium 1-2
$73.00/cwt at this weight
vs the market
+3.70
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Large 1427315.001,34520
Medium and Large 1479300.261,437820
Medium and Large 1-2417298.581,244489
Medium 1491288.861,41914thin
Medium and Large 2375278.561,04640
Medium 1-2647242.001,5663thin
One grade step is worth $73.00/cwt here — about −$221 a head. Across this sale the premium is widest at 0–100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 0–100 lb

Same class and week · spot auction only
This sale1,386 hd
299.01
—
MT average5 barns · 4,701 hd
295.31
+3.70
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

Slaughter cattle

By class and quality grade · $/cwt
Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.
ClassGradeDressingAvg wt$/cwt$/headHead
Bulls—Average1,751104.781,83513
CowsBreaker 75-80%Low1,663108.531,8053thin
CowsBoner 80-85%Average1,38188.121,21767
CowsLean 85-90%Very Low1,14081.47929382

Replacement cattle Per head

By class, stage and age
Bred stock and pairs are reported per head, not per hundredweight — these prices are never mixed with the $/cwt figures above.
ClassStageAgeAvg wt$/headHead
Bred Cows2nd Stage (4-6 mo)Middle Aged/Aged (>5 yrs)1,402$1,2753thin
Bred Cows2nd Stage (4-6 mo)Aged (>8 yrs)1,254$1,2007
Bred Heifers2nd Stage (4-6 mo)(<2 yrs)803$1,98512

Every lot, as filed

80 lots · USDA AMS · Miles City Livestock Commission Auction - Miles City, MT
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
HeifersMedium and Large 1-2Unweaned—317266.19/cwt253.00–285.0084477
HeifersMedium and Large 1-2—649240.50/cwt240.50–240.501,56116
HeifersMedium and Large 1-2Unweaned—465252.80/cwt249.00–257.001,17636
HeifersMedium and Large 1-2Unweaned—839224.00/cwt224.00–224.001,8794
HeifersMedium and Large 1-2Unweaned—378264.80/cwt255.00–272.001,00158
SteersMedium and Large 2—319277.50/cwt277.50–277.508859
HeifersMedium and Large 1Unweaned—529255.97/cwt244.00–268.001,354118
HeifersMedium 1-2—527245.00/cwt245.00–245.001,29115
HeifersMedium and Large 1Unweaned—429277.74/cwt270.00–286.001,19288
HeifersMedium and Large 1Unweaned—560242.44/cwt236.00–244.001,35826
HeifersMedium and Large 1-2Unweaned—235260.00/cwt260.00–260.006116
SteersMedium 1Unweaned—321340.00/cwt340.00–340.001,0916
SteersMedium and Large 1Unweaned—410328.28/cwt317.50–335.001,346109
HeifersMedium and Large 1-2Unweaned—438252.39/cwt247.00–261.501,10541
SteersMedium 1—619250.50/cwt250.50–250.501,5518
SteersMedium and Large 1Unweaned—573264.08/cwt260.75–277.001,513140
SteersMedium and Large 2—729238.00/cwt238.00–238.001,7355
SteersMedium and Large 1-2Unweaned—481277.59/cwt261.00–285.001,335103
SteersMedium and Large 2Unweaned—369262.50/cwt262.50–262.509695
HeifersMedium and Large 1Unweaned—374297.42/cwt272.50–310.001,11298
SteersMedium and Large 1-2Unweaned—388308.33/cwt290.00–316.001,196102
SteersMedium and Large 1Unweaned—331363.69/cwt350.00–377.501,20492
SteersMedium and Large 1Unweaned—513282.71/cwt276.50–288.001,450193
SteersMedium and Large 1-2Unweaned—274317.50/cwt317.50–317.5087016
SteersMedium and Large 1-2Unweaned—339317.42/cwt282.50–335.001,076106
SteersMedium 1-2—647242.00/cwt242.00–242.001,5663
SteersMedium and Large 1Unweaned—384339.48/cwt330.00–367.501,30490
SteersMedium and Large 1Unweaned—469300.96/cwt284.00–313.001,412126
SteersMedium and Large 1-2Unweaned—436298.27/cwt270.00–313.001,300123
SteersMedium and Large 2Unweaned—317292.50/cwt292.50–292.5092721
SteersMedium and Large 1Unweaned—668234.00/cwt234.00–234.001,56316
SteersMedium and Large 1-2Unweaned—529270.49/cwt260.00–273.001,43139
SteersMedium and Large 1Unweaned—626244.86/cwt240.00–253.001,53354
SteersLarge 1Unweaned—427315.00/cwt315.00–315.001,34520
HeifersMedium and Large 1Fancy—500270.00/cwt270.00–270.001,35017
HeifersMedium and Large 1Fancy—490277.00/cwt277.00–277.001,35733
HeifersMedium and Large 1—760235.46/cwt230.50–236.501,789126
HeifersMedium and Large 1—715238.99/cwt237.00–241.001,70930
HeifersMedium 1—631242.67/cwt242.00–243.001,53115
HeifersMedium 1—691237.88/cwt236.00–239.001,6448
CowsBoner 80-85%Return to Feed—1,39894.60/cwt93.00–98.001,32325
CowsBoner 80-85%Return to Feed—1,37085.13/cwt77.00–91.001,16640
CowsLean 85-90%—1,06868.29/cwt62.00–71.0072924
CowsBreaker 75-80%—1,60097.00/cwt97.00–97.001,5521
CowsBoner 80-85%—1,42072.00/cwt72.00–72.001,0221
CowsLean 85-90%—1,14978.84/cwt72.00–83.0090628
CowsBreaker 75-80%—1,695114.29/cwt112.50–116.001,9372
CowsLean 85-90%Light Weight—95072.02/cwt71.00–73.006843
CowsLean 85-90%Light Weight—96956.13/cwt54.00–62.505444
CowsBoner 80-85%—1,34062.00/cwt62.00–62.008311
CowsLean 85-90%Return to Feed—1,24097.47/cwt97.00–98.001,20939
CowsLean 85-90%Return to Feed—1,14388.24/cwt85.00–94.001,00964
CowsLean 85-90%—1,23286.19/cwt85.00–90.001,0624
CowsLean 85-90%Return to Feed—1,12265.32/cwt62.00–72.5073332
CowsLean 85-90%Return to Feed—1,13481.26/cwt74.00–86.00921184
Bulls——1,833108.26/cwt106.50–110.001,9845
Bulls——1,66199.78/cwt92.00–104.001,6574
Bulls—Return to Feed—1,685102.00/cwt102.00–102.001,7191
Bulls—Return to Feed—1,757106.57/cwt105.00–109.501,8723
Stock CowsMedium and Large 1Thin Fleshed—795142.77/cwt132.50–152.001,13518
Stock CowsMedium and Large 1Thin Fleshed—921107.06/cwt105.00–123.0098631
Stock CowsMedium and Large 1-2Thin Fleshed—758140.00/cwt140.00–140.001,0612
Bred HeifersMedium and Large 1—8031,985.00/head1,985.00–1,985.001,98512
Stock CowsMedium and Large 1-2—1,00798.50/cwt91.00–102.509923
Stock CowsMedium and Large 1—1,014117.28/cwt105.00–122.501,18967
Bred CowsMedium and Large 1Broken Mouth—1,38594.00/cwt94.00–94.001,3021
Stock CowsMedium and Large 1-2—895127.04/cwt105.00–135.001,1379
Stock CowsMedium and Large 1—909152.18/cwt143.50–163.001,38395
Bred CowsMedium and Large 1-2—1,4021,275.00/head1,275.00–1,275.001,2753
Bred CowsMedium and Large 1Broken Mouth—1,2541,200.00/head1,200.00–1,200.001,2007
HeifersMedium and Large 1-2—663242.00/cwt242.00–242.001,6044
HeifersMedium and Large 1—858227.50/cwt227.50–227.501,9525
HeifersMedium and Large 1—806233.29/cwt228.00–234.501,88050
HeifersMedium and Large 1Unweaned—314272.50/cwt272.50–272.508568
HeifersMedium and Large 1Unweaned—475262.93/cwt257.50–275.001,24977
HeifersMedium and Large 1Full—905204.00/cwt204.00–204.001,8464
HeifersMedium and Large 1—647246.00/cwt246.00–246.001,59227
HeifersMedium 1-2—592242.20/cwt238.00–242.501,43473
HeifersMedium and Large 1—674240.59/cwt240.00–241.001,62215
HeifersMedium and Large 1-2Unweaned—292252.96/cwt252.50–253.0073941

How this sale compares

Montana weighted averages
One sale is one barn on one day. The state ladder is every Montana auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.