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Most Recent Report

6/28/2023

Total Run: 860

Market Notes

Compared to last week: Feeder cattle were too lightly tested to develop any market trend. Demand for feeders was mostly good. Quality this week was mostly average, with a few offerings of attractive cattle seen. CME feeder contracts have gained ground since last week as corn prices have softened. Today, corn was down over 30 cents on the July while new crop Dec corn was down 24. Market activity remains active. Weigh up cows sold on mostly good demand today. Packers showed stronger demand for slaughter cows today as this is the last sale before the 4th of July holiday. Many sales across the plains will not host sales next week due to the holiday. Packers were aggressive as they purchased cows for next weeks harvest. Slaughter cows sold 1.00-3.00 higher on all classes. Packers did purchase a few high quality cows to feed this week, these offerings sold 1.00-3.00 higher. Lean cows and light boning feeding cows saw the biggest increase in demand this week as private buyers pushed these offerings 3.00-5.00 higher. They were competing with packer buyers who were mostly sending these offerings to slaughter. Cow quality today was mostly average to very attractive and significantly higher than last week. Weigh up conditions were mostly average to above today and better than last week. Slaughter bulls sold mostly steady from 1.00 lower. Young age cows suitable to feed or rebreed sold mostly 5.00-10.00 higher. A few rebreed buyers stepped into the market this week which helped push all offerings higher. Quality was average to attractive this week.

Supply included: 28% Feeder Cattle (28% Steers, 57% Heifers, 15% Bulls); 59% Slaughter Cattle (81% Cows, 19% Bulls); 14% Replacement Cattle (80% Stock Cows, 8% Bred Cows, 12% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 72%. AUCTION This Week Last Reported 6/21/2023 Last Year Total Receipts: 860 1,986 1,409 Feeder Cattle: 237(27.6%) 449(22.6%) 312(22.1%) Slaughter Cattle: 506(58.8%) 636(32.0%) 664(47.1%) Replacement Cattle: 117(13.6%) 901(45.4%) 433(30.7%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 270 270 0.0000 $945
400-500 $--
500-600 $--
600-700 $--
700-800 224 224 0.0000 $1,680

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 $--
500-600 $--
600-700 230 233 236 $1,512
700-800 199 199 236 $1,493

*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 $113 $121 $133

Total Run

2023-06-21
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Past Reports

Location

Billings, Montana