Sale reports / Montana / Public Auction Yards / 2026-02-27

Public Auction Yards

Name: Public Auction Yards livestock auction prices — 2026-02-27
Creator: RaisedBeef
Published: 2026-02-27

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Billings, Montana · Fri, Feb 27

● Final92 lots reportedUSDA AMS · slug 1776

← Dec 12Feb 27Oct 2 →

Feeder Cattle receipts

3,988 head

▲ 3,692 vs last sale 296▲ 642 vs year ago 3,346 · +19.2%

Slaughter Cattle receipts

36 head

▼ 98 vs last sale 134▲ 1 vs year ago 35 · +2.9%

Replacement Cattle receipts

10 head

▼ 10 vs last sale 20▼ 35 vs year ago 45 · −77.8%

Also sold hereRegular saleWed Oct 28, 2026

View

Reporter comment USDA

As filed

The last feeder cattle special was held 2/18/26. All feeder cattle comparisons are to that sale. Feeder steers under 550 lbs sold generally steady in a narrow comparison. Steers 550-749 lbs sold steady to firm, steers over 750 lbs were too lightly tested last sale to develop an accurate market trend, however steady to lower undertones were noticed. Feeder heifers under 500 lbs were too lightly tested to develop an accurate market trend, however steady undertones were noticed. 500-599 lbs heifers sold steady to 10.00 higher, 600-649 lbs heifers sold 10.00-20.00 higher, heifers over 650 lbs were too lightly tested last sale to make an accurate market trend, however higher undertones were noticed. Demand was very good today for all offerings and strengthened throughout the sale. Demand for grass cattle was very good with several buyers looking for this class of cattle. Buyers looking for grass heifers dipped into the light end of replacement heifers in order to buy high quality cattle. This class of cattle showed the largest increase in value week over week. Quality today was average to very attractive with many sets of high quality cattle on offer. Cattle too big to go to grass were the soft part of the sale as lighter offerings made putting together loads of like quality cattle difficult. Additionally, CME positions sold off sharply today which put some pressure on this class of cattle. A large crowd was on hand for todays sale with active bidding seen from both order buyers and ranchers looking for grass cattle and replacement heifers. Weigh up cows sold on moderate demand for very light offerings. Too few cows were seen to develop a full market trend, however lower undertones were noticed. Slaughter bulls were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Young age cows suitable to feed or rebreed were too lightly tested to develop any market trend.

Weight class — the figures below change to match

Weight classPick one — the panels below update

Heifers · summary 500–600 lb

Weighted average of every reported lot

500–600 lb heifers averaged $448.39/cwt on 607 head. That ranks 6 of 6 comparable sales and sits +56.53 against this barn's trailing median of $391.86.

Average price

$448.39

607 head · 563 lb average

Value per head Derived

$2,523

Price × average weight ÷ 100

Grade differential Derived

$104

per head · Medium and Large 1 over Medium and Large 1-2

$28.06/cwt at this weight

vs the market

−2.47

vs MT average

+17.98 vs national

What quality paid 500–600 lb

Frame and muscle grade

Frame / muscle	Avg wt	$/cwt	$/head	Head
Medium and Large 1	560	462.00	2,587	271
Medium 1	545	447.05	2,438	89
Medium and Large 1-2	572	433.94	2,483	247

One grade step is worth $28.06/cwt here — about $104 a head. Across this sale the premium is widest at 300–400 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 500–600 lb

Same class and week · spot auction only

This sale607 hd

448.39

—

MT average3 barns · 740 hd

450.86

−2.47

National average177 barns · 14,680 hd

430.41

+17.98

This barn, trailing median6 sales

391.86

+56.53

A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

This barn's trailing prices 500–600 lb

6 sales

Heifers 500–600 lb: high $448.39, low $377.01, median $391.86 across 6 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

Slaughter cattle

By class and quality grade · $/cwt

Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.

Class	Grade	Dressing	Avg wt	$/cwt	$/head	Head
Bulls	—	Low	1,850	188.00	3,478	4thin
Cows	Breaker 75-80%	Average	1,650	170.50	2,813	2thin
Cows	Boner 80-85%	Low	1,378	162.66	2,241	12
Cows	Lean 85-90%	Average	1,147	139.23	1,597	13

Every lot, as filed

92 lots · USDA AMS · Public Auction Yards Livestock Cattle Auction - Billings, MT (Fri)

Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added. Grouped by class and set lightest first; USDA files them in sale-ring order.

Class	Weight	Grade / description	Avg wt	Price	Range	Per head	Head
Feeder Cattle · Steers36 lots · lightest first
Steers	300–350	Medium and Large 1-2	317	629.37/cwt	620.00–640.00	1,995	9
Steers	350–400	Medium and Large 2	380	565.00/cwt	565.00–565.00	2,147	3
Steers	400–450	Medium and Large 2	400	525.00/cwt	525.00–525.00	2,100	2
Steers	400–450	Medium and Large 1	416	620.00/cwt	620.00–620.00	2,579	15
Steers	400–450	Medium and Large 1-2	418	589.20/cwt	584.00–596.00	2,463	30
Steers	450–500	Medium and Large 1	474	574.00/cwt	559.00–615.00	2,721	66
Steers	450–500	Medium and Large 1-2	495	552.50/cwt	552.50–552.50	2,735	2
Steers	500–550	Large 1	510	547.50/cwt	547.50–547.50	2,792	2
Steers	500–550	Medium and Large 1	541	517.06/cwt	511.00–550.00	2,797	224
Steers	500–550	Medium and Large 1-2	545	500.31/cwt	495.00–505.00	2,727	48
Steers	550–600	Medium and Large 1	574	493.67/cwt	485.00–517.00	2,834	154
Steers	550–600	Medium and Large 1-2	585	468.80/cwt	452.00–477.50	2,742	29
Steers	550–600	Medium and Large 2	585	415.00/cwt	415.00–415.00	2,428	1
Steers	550–600	Medium 1	590	473.00/cwt	473.00–473.00	2,791	6
Steers	600–650	Medium and Large 1	613	465.17/cwt	445.00–487.50	2,851	135
Steers	600–650	Medium and Large 1-2	621	438.00/cwt	438.00–438.00	2,720	4
Steers	600–650	Large 1	626	435.00/cwt	435.00–435.00	2,723	4
Steers	650–700	Medium and Large 1-2Fleshy	663	382.50/cwt	382.50–382.50	2,536	10
Steers	650–700	Medium and Large 1-2Thin Fleshed	666	430.00/cwt	430.00–430.00	2,864	8
Steers	650–700	Medium and Large 1	672	425.83/cwt	413.50–434.00	2,862	197
Steers	650–700	Medium and Large 1-2	672	417.22/cwt	402.50–422.00	2,804	35
Steers	650–700	Medium and Large 2	673	367.50/cwt	367.50–367.50	2,473	3
Steers	700–750	Large 1	708	395.00/cwt	395.00–395.00	2,797	24
Steers	700–750	Medium and Large 1-2Fleshy	710	375.00/cwt	375.00–375.00	2,663	5
Steers	700–750	Medium and Large 1	725	402.49/cwt	395.00–415.00	2,918	35
Steers	700–750	Medium and Large 1-2	732	373.72/cwt	370.50–390.00	2,736	26
Steers	750–800	Large 1	775	375.00/cwt	375.00–375.00	2,906	3
Steers	750–800	Medium and Large 1	778	377.79/cwt	377.50–391.00	2,939	62
Steers	750–800	Medium and Large 1-2	795	360.50/cwt	360.50–360.50	2,866	64
Steers	800–850	Medium and Large 1	828	363.41/cwt	359.50–369.00	3,009	54
Steers	800–850	Medium and Large 1Fleshy	829	342.92/cwt	340.50–345.00	2,843	31
Steers	850–900	Medium and Large 1Full	886	348.00/cwt	348.00–348.00	3,083	11
Steers	850–900	Medium and Large 1-2Fleshy	886	336.00/cwt	336.00–336.00	2,977	10
Steers	850–900	Medium and Large 1-2	898	344.00/cwt	344.00–344.00	3,089	2
Steers	900–950	Large 1	926	335.26/cwt	333.00–338.00	3,105	24
Steers	950–1000	Medium and Large 1Fleshy	967	328.00/cwt	328.00–328.00	3,172	21
Feeder Cattle · Heifers39 lots · lightest first
Heifers	300–350	Medium and Large 2	336	505.00/cwt	505.00–505.00	1,697	10
Heifers	350–400	Medium and Large 1	391	556.82/cwt	550.00–562.50	2,177	11
Heifers	350–400	Medium and Large 2	393	482.50/cwt	482.50–482.50	1,896	2
Heifers	400–450	Medium and Large 1	427	539.37/cwt	532.50–542.00	2,303	18
Heifers	400–450	Medium and Large 2	428	503.91/cwt	495.00–505.00	2,157	9
Heifers	400–450	Medium and Large 1-2	432	535.00/cwt	535.00–535.00	2,311	6
Heifers	400–450	Medium 1	435	505.00/cwt	505.00–505.00	2,197	2
Heifers	450–500	Medium and Large 1	475	513.50/cwt	492.50–531.00	2,439	150
Heifers	450–500	Medium and Large 1-2	485	491.24/cwt	490.00–495.00	2,383	4
Heifers	500–550	Medium and Large 1	532	475.70/cwt	460.00–487.00	2,531	91
Heifers	500–550	Medium and Large 1-2	541	451.96/cwt	448.00–455.00	2,445	14
Heifers	500–550	Medium 1	544	448.96/cwt	447.50–450.00	2,442	84
Heifers	550–600	Medium 1	567	415.00/cwt	415.00–415.00	2,353	5
Heifers	550–600	Medium and Large 1	574	455.08/cwt	442.50–467.00	2,612	180
Heifers	550–600	Medium and Large 1-2	574	432.86/cwt	412.50–438.00	2,485	233
Heifers	600–650	Large 1	616	405.00/cwt	405.00–405.00	2,495	7
Heifers	600–650	Large 1-2	630	375.00/cwt	375.00–375.00	2,363	8
Heifers	600–650	Medium and Large 1	635	439.27/cwt	399.00–452.50	2,789	328
Heifers	600–650	Medium and Large 1-2	636	389.57/cwt	365.00–405.00	2,478	25
Heifers	600–650	Medium and Large 1Replacement	637	437.51/cwt	410.00–446.00	2,787	206
Heifers	650–700	Medium and Large 1	666	387.64/cwt	379.00–398.00	2,582	265
Heifers	650–700	Medium and Large 1-2	672	373.52/cwt	350.00–377.50	2,510	31
Heifers	650–700	Large 1	677	382.75/cwt	364.00–386.00	2,591	20
Heifers	650–700	Medium and Large 1Replacement	689	392.39/cwt	392.00–398.00	2,704	62
Heifers	700–750	Large 1	702	371.00/cwt	371.00–371.00	2,604	28
Heifers	700–750	Medium and Large 1Replacement	705	404.35/cwt	398.00–418.00	2,851	16
Heifers	700–750	Medium and Large 1	716	378.69/cwt	374.00–380.00	2,711	51
Heifers	700–750	Medium and Large 1Replacement	739	2,900.00/head	2,900.00–2,900.00	2,900	62
Heifers	700–750	Medium and Large 1-2	743	356.00/cwt	356.00–356.00	2,645	6
Heifers	700–750	Medium and Large 1Fleshy	743	349.56/cwt	341.00–351.00	2,597	34
Heifers	750–800	Medium and Large 1Replacement	752	3,072.07/head	3,050.00–3,075.00	3,072	179
Heifers	750–800	Medium and Large 1	769	359.79/cwt	359.00–362.00	2,767	19
Heifers	750–800	Medium and Large 1Fleshy	785	343.00/cwt	343.00–343.00	2,693	11
Heifers	800–850	Medium and Large 1-2	828	330.00/cwt	330.00–330.00	2,732	8
Heifers	800–850	Medium and Large 1	831	342.78/cwt	340.00–347.50	2,849	116
Heifers	850–900	Medium and Large 1Replacement	852	2,950.00/head	2,950.00–2,950.00	2,950	5
Heifers	850–900	Medium and Large 1-2	863	331.00/cwt	331.00–331.00	2,857	6
Heifers	900–950	Medium and Large 1	939	2,975.00/head	2,975.00–2,975.00	2,975	39
Heifers	950–1000	Medium and Large 1-2	955	312.00/cwt	312.00–312.00	2,980	9
Feeder Cattle · Bulls2 lots · lightest first
Bulls	500–550	Medium and Large 1-2	500	490.00/cwt	490.00–490.00	2,450	1
Bulls	500–550	Medium and Large 1	510	540.00/cwt	540.00–540.00	2,754	1
Slaughter Cattle · Bulls3 lots · lightest first
Bulls	—	—Return to Feed	1,525	170.00/cwt	170.00–170.00	2,593	1
Bulls	—	—	1,935	198.00/cwt	198.00–198.00	3,831	2
Bulls	—	—	2,005	186.00/cwt	186.00–186.00	3,729	1
Slaughter Cattle · Cows8 lots · lightest first
Cows	—	Lean 85-90%Light Weight	855	110.00/cwt	110.00–110.00	941	1
Cows	—	Lean 85-90%Return to Feed	1,156	140.79/cwt	135.00–155.00	1,628	8
Cows	—	Lean 85-90%	1,195	125.85/cwt	122.00–130.00	1,504	2
Cows	—	Lean 85-90%Return to Feed	1,210	161.00/cwt	161.00–161.00	1,948	2
Cows	—	Boner 80-85%Return to Feed	1,346	150.17/cwt	146.00–159.00	2,021	5
Cows	—	Boner 80-85%Return to Feed	1,400	171.58/cwt	170.00–175.00	2,402	7
Cows	—	Breaker 75-80%Return to Feed	1,545	174.00/cwt	174.00–174.00	2,688	1
Cows	—	Breaker 75-80%	1,755	167.00/cwt	167.00–167.00	2,931	1
Replacement Cattle · Stock Cows4 lots · lightest first
Stock Cows	—	Medium and Large 1	905	312.50/cwt	312.50–312.50	2,828	1
Stock Cows	—	Medium and Large 1-2	980	275.00/cwt	275.00–275.00	2,695	1
Stock Cows	—	Medium and Large 1-2	1,077	210.55/cwt	167.50–277.50	2,268	5
Stock Cows	—	Medium and Large 1	1,258	215.00/cwt	215.00–215.00	2,705	2

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.

Montana feeder prices, every weight →Every state and region →

Public Auction Yards Livestock Cattle Auction - Billings, MT (Fri)

Fri Feb 27, 2026

USDA Livestock, Poultry & Grain Market News · Federal-State Market News Service, Billings, MT (LS-BL)

Feeder CattleReceipts 3,988Last week 296Year ago 3,346

Slaughter CattleReceipts 36Last week 134Year ago 35

Replacement CattleReceipts 10Last week 20Year ago 45

Feeder Cattle

As reported

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1 · Replacement$ per cwt · actual wt
206	600–650	637	410.00–446.00	437.51
62	650–700	689	392.00–398.00	392.39
16	700–750	705	398.00–418.00	404.35
62	700–750	739	2,900.00	2,900.00
179	750–800	752	3,050.00–3,075.00	3,072.07
5	850–900	852	2,950.00	2,950.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium 1$ per cwt · actual wt
2	400–450	435	505.00	505.00
84	500–550	544	447.50–450.00	448.96
5	550–600	567	415.00	415.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1$ per cwt · actual wt
11	350–400	391	550.00–562.50	556.82
18	400–450	427	532.50–542.00	539.37
150	450–500	475	492.50–531.00	513.50
91	500–550	532	460.00–487.00	475.70
180	550–600	574	442.50–467.00	455.08
328	600–650	635	399.00–452.50	439.27
265	650–700	666	379.00–398.00	387.64
51	700–750	716	374.00–380.00	378.69
19	750–800	769	359.00–362.00	359.79
116	800–850	831	340.00–347.50	342.78
39	900–950	939	2,975.00	2,975.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1-2$ per cwt · actual wt
6	400–450	432	535.00	535.00
4	450–500	485	490.00–495.00	491.24
14	500–550	541	448.00–455.00	451.96
233	550–600	574	412.50–438.00	432.86
25	600–650	636	365.00–405.00	389.57
31	650–700	672	350.00–377.50	373.52
6	700–750	743	356.00	356.00
8	800–850	828	330.00	330.00
6	850–900	863	331.00	331.00
9	950–1000	955	312.00	312.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 2$ per cwt · actual wt
10	300–350	336	505.00	505.00
2	350–400	393	482.50	482.50
9	400–450	428	495.00–505.00	503.91

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Medium and Large 1 · Fleshy$ per cwt · actual wt
34	700–750	743	341.00–351.00	349.56
11	750–800	785	343.00	343.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1$ per cwt · actual wt
7	600–650	616	405.00	405.00
20	650–700	677	364.00–386.00	382.75
28	700–750	702	371.00	371.00

Head	Wt range	Avg wt	Price range	Avg price
Heifers — Large 1-2$ per cwt · actual wt
8	600–650	630	375.00	375.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1 · Fleshy$ per cwt · actual wt
31	800–850	829	340.50–345.00	342.92
21	950–1000	967	328.00	328.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2 · Fleshy$ per cwt · actual wt
10	650–700	663	382.50	382.50
5	700–750	710	375.00	375.00
10	850–900	886	336.00	336.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Large 1$ per cwt · actual wt
2	500–550	510	547.50	547.50
4	600–650	626	435.00	435.00
24	700–750	708	395.00	395.00
3	750–800	775	375.00	375.00
24	900–950	926	333.00–338.00	335.26

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1$ per cwt · actual wt
15	400–450	416	620.00	620.00
66	450–500	474	559.00–615.00	574.00
224	500–550	541	511.00–550.00	517.06
154	550–600	574	485.00–517.00	493.67
135	600–650	613	445.00–487.50	465.17
197	650–700	672	413.50–434.00	425.83
35	700–750	725	395.00–415.00	402.49
62	750–800	778	377.50–391.00	377.79
54	800–850	828	359.50–369.00	363.41

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2 · Thin Fleshed$ per cwt · actual wt
8	650–700	666	430.00	430.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1-2$ per cwt · actual wt
9	300–350	317	620.00–640.00	629.37
30	400–450	418	584.00–596.00	589.20
2	450–500	495	552.50	552.50
48	500–550	545	495.00–505.00	500.31
29	550–600	585	452.00–477.50	468.80
4	600–650	621	438.00	438.00
35	650–700	672	402.50–422.00	417.22
26	700–750	732	370.50–390.00	373.72
64	750–800	795	360.50	360.50
2	850–900	898	344.00	344.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium 1$ per cwt · actual wt
6	550–600	590	473.00	473.00

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 2$ per cwt · actual wt
3	350–400	380	565.00	565.00
2	400–450	400	525.00	525.00
1	550–600	585	415.00	415.00
3	650–700	673	367.50	367.50

Head	Wt range	Avg wt	Price range	Avg price
Steers — Medium and Large 1 · Full$ per cwt · actual wt
11	850–900	886	348.00	348.00

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Medium and Large 1-2$ per cwt · actual wt
1	500–550	500	490.00	490.00

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Medium and Large 1$ per cwt · actual wt
1	500–550	510	540.00	540.00

Replacement Cattle

As reported

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1-2$ per cwt · actual wt
(<2 yrs)	Open	1	—	980	275.00	275.00
Young (2-4 yrs)	Open	5	—	1,077	167.50–277.50	210.55

Age	Stage	Head	Wt range	Avg wt	Price range	Avg price
Stock Cows — Medium and Large 1$ per cwt · actual wt
Young (2-4 yrs)	Open	2	—	1,258	215.00	215.00
(<2 yrs)	Open	1	—	905	312.50	312.50

Slaughter Cattle

As reported

Head	Wt range	Avg wt	Price range	Avg price
Bulls — Return to Feed$ per cwt · actual wt
1	—	1,525	170.00	170.00

Head	Wt range	Avg wt	Price range	Avg price
Bulls$ per cwt · actual wt
2	—	1,935	198.00	198.00
1	—	2,005	186.00	186.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Lean 85-90% · Return to Feed$ per cwt · actual wt
2	—	1,210	161.00	161.00
8	—	1,156	135.00–155.00	140.79

Head	Wt range	Avg wt	Price range	Avg price
Cows — Breaker 75-80% · Return to Feed$ per cwt · actual wt
1	—	1,545	174.00	174.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Breaker 75-80%$ per cwt · actual wt
1	—	1,755	167.00	167.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Lean 85-90% · Light Weight$ per cwt · actual wt
1	—	855	110.00	110.00

Head	Wt range	Avg wt	Price range	Avg price
Cows — Boner 80-85% · Return to Feed$ per cwt · actual wt
5	—	1,346	146.00–159.00	150.17
7	—	1,400	170.00–175.00	171.58

Head	Wt range	Avg wt	Price range	Avg price
Cows — Lean 85-90%$ per cwt · actual wt
2	—	1,195	122.00–130.00	125.85

Head, weight ranges, average weights and price ranges are exactly as USDA AMS filed them — nothing recomputed, nothing rounded — in USDA's own reporting structure. This is RaisedBeef's rendering of that data, not a copy of USDA's document.