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Miles City Livestock Commission Auction

Archived Report

5/24/2022

Total Run: 791

Market Notes

Compared to last week: Feeder cattle were scarcely tested this week, thus no trend can be established. Demand for feeder cattle was mostly moderate for light offerings. Quality was mostly average to attractive this week. Several sets of replacement quality heifers were seen this week and most of these offerings were purchased for grass cattle. CME positions saw triple digit gains today following a turbulent week last week. The May contract closed at 154.50, while the August closed at 168.15. Market activity this week was mostly moderate. Weigh up cows comprised most of the offering today. Slaughter cows sold unevenly steady from 2.00 lower to 2.00 higher. Demand for slaughter cows was light to moderate. Packers were forced to be aggressive as they purchased cows for slaughter early in the sale as additional feeding cow buyers were seen this week. However, other buyers purchasing cows for slaughter filled loads and exited the market allowing cow prices to fall midsale. Feeding cows sold steady despite additional buyers this week. Cow quality was average to attractive this week, however quality was not as attractive as last week. Weigh up conditions were average to above average, however weigh up conditions were not as attractive to buyers this week as last. Slaughter bulls sold steady to 2.00 higher as feeding bull buyers pushed bulls higher. Young age cows sold steady to 5.00 higher. Quality was average to attractive this week and additional buyers were seen.

Supply included: 26% Feeder Cattle (95% Heifers, 5% Bulls); 49% Slaughter Cattle (86% Cows, 14% Bulls); 25% Replacement Cattle (87% Stock Cows, 13% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 66%. AUCTION This Week Last Reported 5/17/2022 Last Year Total Receipts: 791 875 1,141 Feeder Cattle: 204(25.8%) 56(6.4%) 327(28.7%) Slaughter Cattle: 388(49.1%) 618(70.6%) 534(46.8%) Replacement Cattle: 199(25.2%) 201(23.0%) 280(24.5%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 187 187 0.0000 $842
500-600 164 171 171 $942
600-700 160 165 167 $1,075
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 187 187 0.0000 $842
500-600 164 171 171 $942
600-700 160 165 167 $1,075
700-800 $--

*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

Type Min Avg Max
Slaughter Bulls $99 $102 $105

Total Run