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Archived Report

3/15/2023

Total Run: 917

Market Notes

Compared to last week: Feeder cattle were too lightly tested last week due to develop an accurate market trend, steady undertones were noticed on steers and heifers. Demand for feeders was mostly good for light offerings. Quality this week was mostly plain to average, with a limited number of attractive consignments. CME positions sold off the last few trading secessions as outside equities weigh on the market. However, demand for feeder cattle remains strong despite buyers having to piece together loads. Market activity was mostly active again this week. Weigh up cows sold on mostly good demand for light offerings. Slaughter cows sold generally steady to firm on all offerings. Cows started off with a weak undertone but strengthened as the sale progressed. Packer buyers opted to send a few set of cows to feed again this week. Feeding cows sold steady to firm on an attractive offering. Cow quality was mostly average to attractive this week. Weigh up conditions were mixed. Slaughter bulls were too lightly tested to develop an accurate market trend, higher undertones were noticed. Bull quality continues to see huge variation. Many bulls are thin and light. Young age cows suitable to feed or rebreed sold on mostly good demand. Buyers showed the best demand for high quality cows suitable to rebreed. Young offerings sold mostly 4.00-8.00 higher.

Supply included: 43% Feeder Cattle (43% Steers, 45% Heifers, 12% Bulls); 36% Slaughter Cattle (88% Cows, 12% Bulls); 21% Replacement Cattle (83% Stock Cows, 17% Bred Cows). Feeder cattle supply over 600 lbs was 37%. AUCTION This Week Last Reported 3/8/2023 Last Year Total Receipts: 917 733 698 Feeder Cattle: 395(43.1%) 220(30.0%) 45(6.4%) Slaughter Cattle: 332(36.2%) 404(55.1%) 335(48.0%) Replacement Cattle: 190(20.7%) 109(14.9%) 318(45.6%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 267.5 273 0.0000 $1,231
500-600 242 250 245 $1,378
600-700 235 235 245 $1,528
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 230 235 237 $824
400-500 217.5 224 237 $1,006
500-600 209 215 237 $1,180
600-700 185 201 209 $1,307
700-800 177 181 183 $1,360

*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 $83 $103 $134

Total Run

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Past Reports


Location


Billings, Montana