Public Auction Yards Livestock Cattle Auction

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Archived Report

Market Notes

Compared to last week: Feeder cattle were too lightly tested to develop an accurate market trend, however higher undertones were noticed on steers and heifers. Feeder cattle quality was mostly average today. A few fall calves were offered today and these offerings sold with little to no discount to long weaned yearlings. These offerings were average to attractive. CME positions were lower today but remain higher than last week giving some support to the market. Corn prices were sharply lower yesterday but traded 0.04'4 to 0.06 higher today on July-Dec contracts. The near-by July contract is down 0.3375 since last Wednesday. Market activity was mostly moderate today with more participants bidding on offerings. Weigh up cows comprised the majority of the the sale this week. Packers opted to send the majority of the offering to feed this week. Cow quality was average to attractive and significantly higher than last week. Despite heavy cow supplies packers continue to fight over market share and pushed cows higher today. Slaughter cows sold steady to 1.00 higher on boning and lean cows, breaking cows sold mostly 2.00-3.00 higher. Feeding cows sold mostly 1.00-2.00 higher. Packers opted to send a portion of the cows they would normally send to slaughter to short term feed. Demand for ground beef continues to be very good and the cutter cow cutout continues to inch higher. The cutter cow cutout as of todays close was 210.51, 0.85 higher than yesterdays value. Slaughter volumes remain elevated as packers are slaughtering large volumes of cows and bulls due to high cull volumes in the Northern Plains. Weigh up conditions were mostly average this week, however weigh conditions were significantly higher than last week. Young age cows sold mostly steady to 5.00 higher this week pushed mostly by rebreed buyers searching for high quality offerings. Feeding quality offerings sold mostly steady.

Supply included: 15% Feeder Cattle (32% Steers, 1% Dairy Steers, 41% Heifers, 25% Bulls); 54% Slaughter Cattle (82% Cows, 18% Bulls); 31% Replacement Cattle (96% Stock Cows, 4% Bred Cows). Feeder cattle supply over 600 lbs was 51%. AUCTION This Week Last Reported 5/19/2021 Last Year Total Receipts: 1,291 903 0 Feeder Cattle: 190(14.7%) 171(18.9%) 0(0.0%) Slaughter Cattle: 702(54.4%) 568(62.9%) 0(0.0%) Replacement Cattle: 399(30.9%) 164(18.2%) 0(0.0%)

*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