Cattle.com

Montana Weekly Livestock Auction Summary

Archived Report

2/26/2022

Total Run: 2,469

Market Notes

Compared to last week: Steer calves weighing less than 700 lbs sold generally steady to firm in a narrow comparison. Steers over 700 lbs sold mostly 5.00 higher in a narrow comparison. Heifer calves under 500 lbs were too lightly tested to develop an accurate market trend, however steady undertones were noticed. Heifers 500-699 lbs sold mostly steady to 5.00 higher, heifers over 700 lbs were not well tested last week, however higher to sharply higher undertones were noticed. Quality this week was mostly average to attractive. A few load lots were seen this week and these offerings were met with mostly good demand. Cattle suitable to develop into yearlings sold on mostly good demand again this week. Cattle destined for the feedlot sold on very good demand as order buyers purchasing feeders for packers showed very good demand for this weight of cattle. Cattle were in mostly light to moderate flesh this week despite the fact most cattle over 650 lbs came out of grow lots. This week the August feeder cattle contract settled at 186.075, 1.375 higher. CME feeder cattle positions traded lower this week as gain prices shot higher on uncertainty in Europe. The March closed at 160.025, down 5.40 from last week, the April closed at 164.75, 6.10 lower. Market activity this week was mostly moderate to active. Weigh up cows sold on mostly good to very good demand for light offerings. Extremely cold temperatures were seen early in the week which limited to volume of cattle in the offering. Packers showed good demand for a very light offering of cows this week. Packers opted to send most of the cow offering to immediate harvest this week. Feeding buyers were active this week as well and pushed packer buyers on most all offerings this week, especially ones that have been on feed. Slaughter cows sold mostly 5.00-7.00 higher on all classes. Feeding cows were too lightly tested to develop an accurate market trend, however higher undertones were noticed. Cow quality this week was average to attractive. Weigh up conditions were average. Slaughter bulls were too lightly tested to develop any market trend. Young age cows suitable to feed or rebreed were too lightly tested to trend. Most of the < 2 year old's are now comprised of heifers which lost calves. These offerings continue to be met with very good demand.

Supply included: 80% Feeder Cattle (35% Steers, 64% Heifers, 1% Bulls); 13% Slaughter Cattle (90% Cows, 10% Bulls); 7% Replacement Cattle (93% Stock Cows, 7% Bred Cows). Feeder cattle supply over 600 lbs was 77%.

LIVESTOCK SUMMARY Current Week Last Reported 2/14/2022 Last Year Total Receipts: 2,469 2,746 9,154 Feeder Cattle: 1,974(80.0%) 1,441(52.5%) 7,442(81.3%) Slaughter Cattle: 330(13.4%) 747(27.2%) 913(10.0%) Replacement Cattle: 165(6.7%) 558(20.3%) 799(8.7%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 219 232 235 $1,046
500-600 205 210 221 $1,155
600-700 178 185 196 $1,204
700-800 165.5 171 172.5 $1,280

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 192 195 196 $877
500-600 175 185 190 $1,018
600-700 164 171 177 $1,108
700-800 154 160 164.5 $1,201

*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 $87 $97 $104

Total Run