Sale reports / Montana / Public Auction Yards / 2023-04-26

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, Apr 26
● Final91 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
258 head
152 vs last sale 410 33 vs year ago 291 · 11.3%
Slaughter Cattle receipts
637 head
99 vs last sale 538 101 vs year ago 738 · 13.7%
Replacement Cattle receipts
285 head
20 vs last sale 305 101 vs year ago 184 · +54.9%
Also sold hereRegular saleFri Nov 7, 2025
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Reporter comment USDA

As filed

Compared to last week: Feeder cattle were too lightly tested today to develop an accurate market trend, however steady to weak undertones were noticed on all feeders on offer. Demand for feeders was mostly very good for light offerings. Quality this sale was plain to average. Package sizes were mostly small with lots of singles on offer. Market activity was mostly active this sale as both ranchers and order-buyers competed over limited offerings. Weigh up cows sold on mostly moderate to good demand for moderate offerings. Slaughter cows sold generally steady to 2.00 lower on breaking cows, boning cows sold generally steady, lean cows sold steady. Quality this week was mixed from plain to attractive. Weigh up conditions were mixed. Packer buyers opted to send a few set of cows to feed again this week. Slaughter bulls sold mostly steady. Young age cows suitable to feed or rebreed sold on mostly good demand. Buyers showed the best demand for high quality cows which had lost calves. Young offerings sold generally steady.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $229.72/cwt on 137 head.
Average price
$229.72
137 head · 646 lb average
Value per head Derived
$1,485
Price × average weight ÷ 100
Grade differential Derived
$487
per head · Medium and Large 1 over Medium and Large 2
$42.68/cwt at this weight
vs the market
10.19
vs MT average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1663235.931,56596
Medium and Large 1-2614219.441,34833
Medium 1-2596202.131,2054thin
Medium and Large 2558193.251,0784thin
One grade step is worth $42.68/cwt here — about $487 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 sale137 hd
229.72
MT average2 barns · 689 hd
239.91
−10.19
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
BullsAverage1,656120.772,00087
CowsBreaker 75-80%Average1,50997.461,471172
CowsBoner 80-85%Low1,25492.691,162186
CowsLean 85-90%Average1,12084.77950113

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 Cows3rd Stage (7-9 mo)Middle Aged (5-8 yrs)1,250$2,0003thin
Bred Cows2nd Stage (4-6 mo)Middle Aged (5-8 yrs)1,285$1,6462thin
Bred Cows1st Stage (1-3 mo)Middle Aged (5-8 yrs)1,113$1,3003thin
Bred Heifers3rd Stage (7-9 mo)(<2 yrs)1,175$1,7002thin
Bred Heifers2nd Stage (4-6 mo)Young (2-4 yrs)1,011$1,3255
Bred Heifers3rd Stage (7-9 mo)Young (2-4 yrs)967$1,2855
Cow-Calf PairsOpenYoung (2-4 yrs)1,542$2,1713thin
Cow-Calf PairsOpenMiddle Aged (5-8 yrs)1,211$1,7078

Every lot, as filed

91 lots · USDA AMS · Public Auction Yards Livestock Cattle Auction - Billings, MT (Wed)
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
BullsMedium and Large 21,065147.00/cwt147.00–147.001,5661
BullsLarge 1-21,012158.91/cwt157.00–166.501,6085
HeifersMedium and Large 2518172.46/cwt170.00–175.008932
HeifersMedium and Large 2635207.00/cwt207.00–207.001,3141
HeifersMedium and Large 2565217.50/cwt217.50–217.501,2291
HeifersMedium and Large 1477214.26/cwt212.50–221.001,0225
HeifersMedium and Large 1-2632215.00/cwt215.00–215.001,3593
HeifersMedium and Large 1570223.00/cwt223.00–223.001,27118
HeifersMedium and Large 1665194.00/cwt194.00–194.001,2901
HeifersMedium 1-2529212.26/cwt211.00–217.501,1235
HeifersMedium and Large 2365140.00/cwt140.00–140.005111
SteersMedium and Large 2725208.00/cwt208.00–208.001,5081
HeifersMedium and Large 2460185.00/cwt185.00–185.008513
HeifersMedium and Large 2415130.00/cwt130.00–130.005401
SteersMedium and Large 1527271.53/cwt250.00–276.001,43128
SteersMedium and Large 1563268.86/cwt266.00–270.001,5147
HeifersMedium and Large 1633214.43/cwt213.00–223.001,3577
SteersMedium 1-2675197.50/cwt197.50–197.501,3331
HeifersMedium and Large 1-2490195.00/cwt195.00–195.009561
HeifersMedium and Large 1-2660204.00/cwt204.00–204.001,3462
SteersMedium and Large 1-2713215.86/cwt214.50–217.001,5397
SteersMedium 1-2470215.00/cwt215.00–215.001,0112
SteersMedium and Large 2423190.00/cwt190.00–190.008042
SteersMedium and Large 1445250.00/cwt250.00–250.001,1132
SteersMedium 1-2770181.00/cwt181.00–181.001,3941
SteersMedium and Large 1788208.86/cwt205.00–221.001,64634
SteersMedium and Large 1457269.00/cwt269.00–269.001,2295
SteersMedium and Large 1810187.00/cwt187.00–187.001,5153
SteersMedium and Large 1-2475229.89/cwt225.00–235.001,0922
SteersMedium and Large 1670228.57/cwt227.00–233.001,5315
SteersMedium and Large 2660185.00/cwt185.00–185.001,2211
SteersMedium and Large 1-2763214.00/cwt214.00–214.001,6334
SteersMedium and Large 1930174.00/cwt174.00–174.001,6183
SteersMedium and Large 1704222.00/cwt222.00–222.001,5634
SteersMedium and Large 1-2633215.69/cwt200.00–237.001,36514
SteersMedium and Large 1628245.32/cwt242.00–247.001,5413
SteersMedium and Large 1-2520220.00/cwt220.00–220.001,1441
SteersMedium and Large 1-2379235.00/cwt235.00–235.008915
SteersMedium and Large 1875184.00/cwt184.00–184.001,6102
BullsMedium and Large 1955176.00/cwt176.00–176.001,6811
BullsMedium and Large 1495225.00/cwt225.00–225.001,1143
BullsMedium and Large 2930167.00/cwt167.00–167.001,5531
BullsMedium and Large 1508245.00/cwt245.00–245.001,2453
BullsLarge 11,070137.00/cwt137.00–137.001,4662
BullsLarge 11,168139.00/cwt139.00–139.001,62410
CowsLean 85-90%1,19688.24/cwt83.00–93.001,05535
CowsBreaker 75-80%Return to Feed1,49396.05/cwt92.50–98.501,43422
CowsBoner 80-85%Return to Feed1,25586.70/cwt83.00–88.501,08818
CowsLean 85-90%Return to Feed1,00099.34/cwt95.00–102.009933
Bulls1,786116.04/cwt109.00–124.502,07241
CowsBoner 80-85%1,21385.53/cwt81.00–89.001,03729
CowsLean 85-90%Light Weight88572.00/cwt72.00–72.006371
CowsBoner 80-85%1,27193.58/cwt89.00–97.501,18976
CowsLean 85-90%95371.91/cwt71.00–73.006855
CowsLean 85-90%1,13079.47/cwt75.00–82.5089843
CowsLean 85-90%Return to Feed1,06481.51/cwt81.00–82.008674
CowsBreaker 75-80%Return to Feed1,33587.55/cwt81.00–92.001,1694
CowsLean 85-90%1,143106.27/cwt103.00–109.001,2152
CowsBreaker 75-80%1,51394.82/cwt92.00–98.001,43548
CowsBreaker 75-80%1,523101.93/cwt99.00–107.001,55249
CowsBoner 80-85%1,311101.22/cwt99.50–105.001,3278
CowsLean 85-90%Light Weight815100.65/cwt100.00–101.008203
CowsBreaker 75-80%1,47688.43/cwt79.00–92.001,30517
CowsLean 85-90%Light Weight85088.00/cwt88.00–88.007481
CowsBoner 80-85%Return to Feed1,264101.92/cwt97.00–105.501,28820
CowsBoner 80-85%Return to Feed1,23092.55/cwt89.00–98.001,13835
CowsLean 85-90%Light Weight87779.29/cwt78.00–81.006953
CowsLean 85-90%Return to Feed1,15790.60/cwt85.50–94.001,04813
HeifersMedium and Large 2660196.00/cwt196.00–196.001,2942
HeifersMedium 1-2470155.00/cwt155.00–155.007291
HeifersMedium and Large 1705190.00/cwt190.00–190.001,3401
HeifersMedium and Large 1505224.59/cwt223.00–225.001,1345
Bred HeifersMedium and Large 11,0111,325.00/head1,325.00–1,325.001,3255
Stock CowsMedium and Large 1-21,089138.02/cwt119.00–154.501,50326
Cow-Calf PairsMedium 1-21,5422,170.81/head2,000.00–2,250.002,1713
Cow-Calf PairsMedium and Large 11,2111,706.50/head1,250.00–2,300.001,7078
Bred CowsMedium and Large 1-21,1131,300.00/head1,300.00–1,300.001,3003
Bred CowsMedium and Large 1-21,2851,646.40/head1,350.00–1,900.001,6462
Stock CowsMedium and Large 1908173.53/cwt146.50–192.001,576138
Bred CowsMedium and Large 1-21,2502,000.00/head2,000.00–2,000.002,0003
Stock CowsMedium and Large 11,132124.75/cwt99.00–140.501,41228
Bred HeifersMedium and Large 19671,284.53/head1,200.00–1,350.001,2855
Bred HeifersMedium and Large 11,1751,700.00/head1,700.00–1,700.001,7002
Stock CowsMedium and Large 1-21,035104.63/cwt102.00–110.001,0836
Stock CowsMedium and Large 11,062128.15/cwt119.50–150.001,3615
BullsReturn to Feed1,338116.00/cwt116.00–116.001,5522
BullsReturn to Feed1,191142.24/cwt139.00–146.001,69413
BullsReturn to Feed1,480107.00/cwt107.00–107.001,5841
CowsBreaker 75-80%Return to Feed1,533101.59/cwt99.00–105.501,55732
Bulls1,791129.03/cwt124.00–143.002,31118
Bulls1,583103.26/cwt89.00–110.001,63512

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.