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Archived Report

9/8/2021

Total Run: 1,533

Market Notes

Compared to last week: Yearling steers were scarcely traded this week so no trend is available. Steer calves sold unevenly steady in a very narrow comparison. Yearling heifers were too lightly tested to to develop an accurate market trend, however steady undertones were noticed on heifers under 850 lbs and lower undertones were noticed on heifers over 850 lbs. Quality this week was mostly plain to average for all feeder cattle on offer. CME positions have been in decline over the past week and a half. Today the September contract closed 0.225 lower at 156.05, while the October closed 0.775 lower at 159.275. Market activity was mostly moderate this week. Weigh up cows sold on moderate demand and offerings. Packer buyers continue to show light demand for slaughter cows, however competition from feeding and replacement buyers pushed all cows slightly higher this week. Slaughter cows sold mostly 3.00 higher on breaking cows, while boning and lean cows sold steady to 1.00 higher. Feeding cow buyers showed the strongest demand for cows this week as farmers chopping silage are starting to wrap up in the Midwest and farmer feeders are looking for was to use their soft feed. Feeding cows sold mostly 1.00-5.00 higher. Slaughter bulls sold generally steady, however strong feeding demand helped this market trade near steady. Both cow and bull yields remain seasonally low as ranchers are mostly pulling calves right off the cow. Cows were also very full today as many cows were filling up on clean fresh water and feed after being out on pasture and range. Weigh up conditions were below average. Young age cows and other replacement cows sold on moderate to good demand. These offerings sold near steady on like quality cattle. Quality overall was not as attractive as last week.

Supply included: 38% Feeder Cattle (40% Steers, 59% Heifers, 2% Bulls); 28% Slaughter Cattle (85% Cows, 15% Bulls); 34% Replacement Cattle (21% Stock Cows, 79% Bred Cows). Feeder cattle supply over 600 lbs was 28%. AUCTION This Week Last Reported 9/1/2021 Last Year Total Receipts: 1,533 2,561 487 Feeder Cattle: 582(38.0%) 1,846(72.1%) 267(54.8%) Slaughter Cattle: 435(28.4%) 433(16.9%) 91(18.7%) Replacement Cattle: 516(33.7%) 282(11.0%) 129(26.5%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 215 216 216 $756
400-500 187.5 190 196 $854
500-600 160 173 177 $953
600-700 159.5 160 166.5 $1,037
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 191 191 0.0000 $478
300-400 182 185 183.5 $648
400-500 163.5 168 180 $756
500-600 148.5 154 168 $846
600-700 $--
700-800 149 153 155.5 $1,150

*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 $85 $89

Total Run

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Past Reports


Location


Billings, Montana