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Miles City Livestock Commission Auction

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Archived Report

2/28/2023

Total Run: 893

Market Notes

Compared to last week: Feeder steers and heifers were too lightly tested to develop an accurate market trend, however higher undertones were noticed all feeder offerings. Demand was mostly good to very good today for light to moderate offerings. Quality this week was mostly average to attractive. Demand for grass weight cattle was very good. Several sets of very light fleshed calves were seen this week. Both CME feeder cattle and live cattle positions have climbed higher over the last few weeks which has provided support for feeder cattle. Market activity was mostly active this week with a very large crowd on hand. Weigh up cows sold on good demand for light offerings. A few sets of fed cows were seen again this week. Most of these offerings were not fleshy enough to grade premium white but producers are starting to market cows anyway as packers are not offering enough premium for producers to continue to feed them. Breaking cows sold mostly 2.00 higher. Boning cows sold steady to 2.00 higher. Lean cows sold fully steady. Packers purchased a few cows to feed this week for the first time in weeks. Feeding cows were too lightly tested last week to develop any market trend. Cow quality was average to attractive this sale. Bull quality was mostly plain. Weigh up conditions were average to above average this sale and better than last week. Slaughter bulls sold steady to 2.00 higher in a narrow comparison. Young age cows suitable to feed or rebreed were too lightly tested to develop an accurate market trend, higher undertones were noticed. Packer buyers searching for slaughter offerings continue to push the bottom end of young offerings higher as they search for cows for immediate harvest.

Supply included: 78% Feeder Cattle (71% Steers, 28% Heifers, 1% Bulls); 17% Slaughter Cattle (88% Cows, 12% Bulls); 4% Replacement Cattle (92% Stock Cows, 8% Bred Cows). Feeder cattle supply over 600 lbs was 50%. AUCTION This Week Last Reported 2/21/2023 Last Year Total Receipts: 893 1,154 970 Feeder Cattle: 701(78.5%) 209(18.1%) 573(59.1%) Slaughter Cattle: 154(17.2%) 169(14.6%) 299(30.8%) Replacement Cattle: 38(4.3%) 776(67.2%) 98(10.1%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 261 269 273 $1,209
500-600 235 259 245 $1,423
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 225 226 226 $1,015
500-600 220.25 221 226 $1,218
600-700 193.25 193 224.5 $1,256
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 $77 $101 $109

Total Run

2023-02-21
2023-03-07
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Past Reports

Location

Miles City, Montana