Billings Livestock Commission Cattle Auction

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Archived Report

Market Notes

Compared to two weeks ago: No sale was held last week so all comparisons are to two weeks ago. The best test for steers was for 650-699 lbs which sold mostly 5.00 higher. All other weights of steers were too lightly tested to develop an accurate market trend, however steady to higher undertones were noticed. Feeder heifers under 650 lbs sold mostly 3.00-6.00 higher, heifers over 650 lbs sold generally steady. Quality this week was average to attractive. Demand was mostly good to very good for cattle suitable to go to grass and moderate for cattle destined for feed lots. CME feeder cattle contracts traded sharply lower today, however demand continues to be be strong. Canadian buyers competing with local ranchers continues to be the driving force behind the higher grass cattle market. Cattle continue to be very green with several consignments of calves selling with a premium for condition. Market activity this week was mostly active. Weigh up cows sold on mostly moderate demand for moderate to heavy offerings. The last sale occurred in the heart of the storm market and cow prices for all other sales adjusted lower last week. Slaughter cows sold mostly 3.00-4.00 lower compared to two weeks ago. Feeding cows were too lightly tested to develop any market trend. Packers opted to send the majority of the cow offering to feed this week as they only sent cows to slaughter that were not suitable to feed. A few sets of thin cows were purchased by feeding buyers this week. Feeding buyers pushed thin cows well beyond where packers were willing to purchase them for harvest. Slaughter bulls were too lightly tested last week to develop an accurate market trend, however steady to weak undertones were noticed. Young age cows suitable to rebreed sold on mostly moderate to good demand this week. Most of these offerings were average to attractive in quality and many had freshly lost calves.

Supply included: 75% Feeder Cattle (40% Steers, 57% Heifers, 3% Bulls); 20% Slaughter Cattle (93% Cows, 7% Bulls); 5% Replacement Cattle (94% Stock Cows, 6% Bred Cows). Feeder cattle supply over 600 lbs was 49%. AUCTION This Week Last Reported 2/18/2021 Last Year Total Receipts: 2,819 1,499 959 Feeder Cattle: 2,106(74.7%) 754(50.3%) 616(64.2%) Slaughter Cattle: 560(19.9%) 455(30.4%) 205(21.4%) Replacement Cattle: 153(5.4%) 290(19.3%) 138(14.4%)

*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.

Cows & Bulls

Total Run

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Past Reports

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• 2020
• 2020
• 2020
• 2020

Location

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Billings, Montana