Sale reports / Montana / Public Auction Yards / 2024-05-15

Public Auction Yards

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Wed, May 15
● Final83 lots reportedUSDA AMS · slug 1774
Feeder Cattle receipts
1,673 head
1,661 vs last sale 12 874 vs year ago 2,547 · 34.3%
Slaughter Cattle receipts
222 head
11 vs last sale 233 82 vs year ago 140 · +58.6%
Replacement Cattle receipts
58 head
343 vs last sale 401 141 vs year ago 199 · 70.9%
Also sold hereRegular saleFri Nov 7, 2025
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Reporter comment USDA

As filed

Compared to last week: Feeder cattle offerings were too lightly tested the last two sales to develop any market trend. Demand was mostly good to very good for today sale. Most feeders were offered on moderate sized packages with several load lots and partial load lots seen. Quality this sale was mostly plain to average with a few attractive quality consignments seen. Most cattle were backgrounded cattle that were purchased earlier in the year or last fall. Most of these offerings were specifically developed for grass. A large crowd was on hand for todays sale and a good mix of order buyers and ranchers were on hand actively bidding on offerings. Market activity was mostly active. Weigh up cows sold on good to very good demand for light offerings. Packers showed very good demand for cows for immediate harvest with cows going to slaughter in several different states. Several packers were present this week with some buying over the internet. Slaughter cows sold mostly steady on breaking cows, boing and lean cows sold steady to 2.00 higher. Feeding cows sold mostly steady to 2.00 higher, in a narrow comparison. Cow quality was average to attractive today. Weigh up conditions were mostly average. Slaughter bulls sold steady to firm in a narrow comparison. Several very high yielding bulls were seen this sale and these offerings were met with very good demand. Young age cows sold generally steady. Cows which lost calves sold with the best demand again this week. Feeding quality cows sold at a discount to cows suitable to rebreed. Quality this week was mostly average to attractive.

Weight class

Heifers · summary 500–600 lb

Weighted average of every reported lot
500–600 lb heifers averaged $291.54/cwt on 426 head. That ranks 1 of 19 comparable sales and sits 130.00 against this barn's trailing median of $421.54.
Average price
$291.54
426 head · 561 lb average
Value per head Derived
$1,636
Price × average weight ÷ 100
Grade differential Derived
$542
per head · Medium and Large 1 over Medium 1-2
$72.27/cwt at this weight
vs the market
+1.96
vs MT average
+21.54 vs national

What quality paid 500–600 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1574301.271,729319
Medium 1512289.971,48549
Medium and Large 1-2569278.651,58612thin
Large 1-2598230.001,3753thin
Medium 1-2518229.001,18643
One grade step is worth $72.27/cwt here — about $542 a head. Across this sale the premium is widest at 400–500 lb. USDA reports each grade on its own line and never publishes the spread.

This barn's trailing prices 500–600 lb

19 sales
478431384337median 421.5401/0702/2504/1506/0308/19
Heifers 500–600 lb: high $464.07, low $350.88, median $421.54 across 19 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

How it compared 500–600 lb

Same class and week · spot auction only
This sale426 hd
291.54
MT average3 barns · 514 hd
289.58
+1.96
National average167 barns · 11,471 hd
270.00
+21.54
This barn, trailing median19 sales
421.54
−130.00
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
BullsLow1,747147.312,57326
CowsBreaker 75-80%High1,610136.132,1928thin
CowsBoner 80-85%Low1,390133.981,86378
CowsLean 85-90%Low1,159123.941,43772

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 Heifers3rd Stage (7-9 mo)(<2 yrs)1,123$2,3003thin

Every lot, as filed

83 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
SteersMedium and Large 1-2500–550548325.00/cwt325.00–325.001,7815
SteersMedium and Large 1-2600–650649286.00/cwt286.00–286.001,8564
SteersMedium and Large 2900–950910212.00/cwt212.00–212.001,9294
SteersMedium and Large 1-2800–850820244.00/cwt244.00–244.002,00112
SteersMedium and Large 1-2650–700671275.02/cwt270.00–277.001,84512
HeifersMedium and Large 1-2550–600569278.65/cwt272.00–288.001,58612
SteersMedium and Large 1-2550–600588304.33/cwt302.50–310.001,78912
HeifersMedium and Large 1-2750–800783239.00/cwt239.00–239.001,8712
HeifersMedium and Large 1-2350–400360317.00/cwt317.00–317.001,1416
HeifersMedium and Large 1650–700660273.82/cwt261.00–279.001,807304
SteersMedium and Large 1550–600557335.71/cwt325.00–336.001,87039
SteersMedium and Large 1650–700681278.77/cwt277.00–292.501,8989
HeifersMedium and Large 1450–500474320.00/cwt320.00–320.001,5174
HeifersMedium and Large 1700–750727250.82/cwt249.00–255.001,82364
Stock CowsMedium and Large 11,067184.08/cwt158.00–210.001,96426
SteersMedium and Large 1700–750705272.00/cwt272.00–272.001,9182
Stock CowsMedium and Large 1-21,040117.50/cwt117.50–117.501,2221
SteersMedium and Large 1600–650614316.06/cwt309.00–321.001,94133
HeifersMedium and Large 1600–650617292.39/cwt280.00–300.001,80464
SteersMedium and Large 1900–950925234.00/cwt234.00–234.002,1655
SteersMedium and Large 1750–800777253.00/cwt253.00–253.001,9665
Stock CowsMedium and Large 1Fleshy1,320150.00/cwt150.00–150.001,9801
Bred HeifersMedium and Large 11,1232,300.00/head2,300.00–2,300.002,3003
HeifersMedium and Large 1550–600581299.98/cwt293.00–309.001,743281
Stock CowsMedium and Large 11,010170.53/cwt141.00–187.001,72211
Stock CowsMedium and Large 1Fleshy1,630134.00/cwt134.00–134.002,1842
Stock CowsMedium and Large 1-2Thin Fleshed880130.00/cwt130.00–130.001,1441
Stock CowsMedium and Large 1-21,165157.00/cwt157.00–157.001,8291
SteersMedium and Large 1-2700–750727251.09/cwt249.00–263.001,82516
SteersMedium and Large 1-2450–500482341.18/cwt335.00–355.001,64416
SteersMedium and Large 1-2750–800780249.00/cwt249.00–249.001,9421
HeifersMedium and Large 1-2600–650641270.64/cwt251.00–274.001,73566
HeifersMedium and Large 1-2650–700664248.86/cwt247.50–250.001,65211
HeifersMedium and Large 1-2850–900850223.00/cwt223.00–223.001,8964
SteersMedium and Large 2550–600567280.00/cwt280.00–280.001,58813
CowsLean 85-90%1,152110.51/cwt100.00–117.001,2737
CowsBreaker 75-80%Return to Feed1,585144.50/cwt144.50–144.502,2901
CowsBoner 80-85%Return to Feed1,441124.45/cwt122.00–125.001,7935
CowsBoner 80-85%Return to Feed1,413142.50/cwt142.50–142.502,0143
Bulls1,434134.55/cwt133.00–136.001,9294
BullsLight Weight1,313125.47/cwt120.00–133.001,6473
CowsLean 85-90%1,200125.00/cwt125.00–125.001,5001
CowsLean 85-90%1,165135.00/cwt135.00–135.001,5731
BullsReturn to Feed1,355132.00/cwt132.00–132.001,7891
CowsLean 85-90%Return to Feed1,118118.53/cwt114.00–124.001,32514
CowsBreaker 75-80%Return to Feed1,548132.50/cwt132.50–132.502,0512
CowsBoner 80-85%1,570125.64/cwt124.00–126.001,9735
CowsLean 85-90%Return to Feed1,185128.70/cwt124.00–132.001,52534
CowsBreaker 75-80%1,610132.49/cwt132.00–133.002,1332
CowsBoner 80-85%1,378134.79/cwt130.00–138.001,85737
CowsBreaker 75-80%Return to Feed1,735138.50/cwt138.50–138.502,4031
CowsBreaker 75-80%1,623138.04/cwt137.00–139.002,2402
CowsLean 85-90%1,00283.28/cwt75.00–100.008343
HeifersLarge 1-2550–600598230.00/cwt230.00–230.001,3753
SteersLarge 1-2650–700692229.00/cwt229.00–229.001,5853
Bulls1,718143.86/cwt140.00–153.002,4729
Bulls2,102165.41/cwt161.00–170.003,4779
CowsBoner 80-85%Return to Feed1,363135.20/cwt131.00–136.001,84328
CowsLean 85-90%Return to Feed1,173133.75/cwt133.00–135.001,56912
HeifersMedium 1-2300–350310305.00/cwt305.00–305.0094612
SteersMedium 1-2550–600585250.00/cwt250.00–250.001,4637
SteersMedium 1-2500–550515277.50/cwt277.50–277.501,42910
HeifersMedium 2400–450441227.34/cwt225.00–230.001,00317
SteersMedium 2400–450413269.00/cwt269.00–269.001,1116
SteersMedium 2500–550508243.91/cwt242.50–255.001,23935
SteersMedium and Large 2400–450437300.00/cwt300.00–300.001,3118
HeifersMedium and Large 2650–700685236.00/cwt236.00–236.001,61713
HeifersMedium 1500–550512289.97/cwt280.00–299.001,48549
HeifersMedium 1350–400363312.50/cwt312.50–312.501,1345
HeifersMedium 1-2500–550518229.00/cwt229.00–229.001,18643
HeifersMedium 1-2350–400361290.00/cwt290.00–290.001,04715
BullsMedium and Large 1900–950931214.09/cwt210.00–222.501,9936
SteersMedium and Large 1Fleshy900–950922226.00/cwt226.00–226.002,08410
SteersMedium and Large 2750–800778238.00/cwt238.00–238.001,8525
HeifersMedium and Large 2600–650608231.90/cwt231.00–245.001,41048
HeifersMedium and Large 2450–500480267.58/cwt265.00–270.001,28417
SteersMedium and Large 2500–550548305.00/cwt305.00–305.001,6715
SteersMedium and Large 1450–500464367.26/cwt365.00–370.001,70455
SteersMedium and Large 1Fleshy800–850824239.00/cwt239.00–239.001,96910
SteersMedium and Large 1500–550537335.36/cwt334.00–340.001,80156
HeifersMedium and Large 1500–550520310.84/cwt309.00–311.001,61638
HeifersMedium and Large 1750–800767241.89/cwt241.00–242.001,8559
BullsMedium and Large 1700–750748240.00/cwt240.00–240.001,7954

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.