Cattle.com

Montana Weekly Livestock Auction Summary

Archived Report

3/12/2022

Total Run: 2,409

Market Notes

Compared to last week: Steer calves under 650 lbs sold mostly 5.00-10.00 lower in a narrow comparison; steers over 650 lbs were too lightly tested to develop any market trend. Heifer calves under all sold 2.00-7.00 lower all comparisons are narrow. Quality this week was mostly plain to average. Outside of the few bigger consignments this week, cattle quality was mostly plain. Cattle suitable to develop into yearlings sold on mostly moderate to good demand this week. Demand for feeder cattle returned to a more normal pattern this week as buyers showed more interest in buying cattle despite market uncertainty. Feed costs fell sharply as the market ran out of buyers and many seemed willing to take the profit they made the last 2 weeks and run. This week the August feeder cattle contract settled at 177.075, 0.975 higher than last week. CME feeder cattle positions traded higher from mid week on as gain prices eased some. The March closed at 153.275, up 0.15 from last week, the April closed at 157.975, 0.725 higher. Market activity this week was mostly moderate to active with a good crowd on hand at ever sale this week. Weigh up cows sold on mostly good demand for moderate offerings. Packers continue to send large volumes of cows to slaughter this week. Slaughter cows sold mostly 1.00-2.00 higher on boning and lean cows. Breaking and premium white cows were too lightly tested to develop an accurate market trend, however steady to higher undertones were noticed. Packers opted to send a portion of high quality cows to feed again this week. Feeding buyers were active this week as well and pushed packer buyers on most all offerings this week. Thin or poorer quality cows that packers have been sending to slaughter were purchased by feeding buyers this week as they competed with packer buyers over these offerings. Feeding cows sold steady to 3.00 higher with the biggest increase coming from lower quality feeding cows. Cow quality this week was average to very attractive. Weigh up conditions were mixed this week. Slaughter bulls sold steady to 3.00 higher. Young age cows suitable to feed or rebreed sold generally steady. Most of the < 2 year olds are now comprised of heifers or heifers which lost calves. These offerings continue to be met with very good demand to both feed and rebreed. Replacement type offerings continue to be met with very good demand as ranchers search for cows as old as 5 years old to rebreed this summer.

Supply included: 49% Feeder Cattle (46% Steers, 51% Heifers, 3% Bulls); 26% Slaughter Cattle (90% Cows, 10% Bulls); 25% Replacement Cattle (47% Stock Cows, 48% Bred Cows, 5% Bred Heifers). Feeder cattle supply over 600 lbs was 42%.

LIVESTOCK SUMMARY Current Week Last Reported 2/28/2022 Last Year Total Receipts: 2,409 6,734 7,815 Feeder Cattle: 1,179(48.9%) 2,386(35.4%) 4,586(58.7%) Slaughter Cattle: 619(25.7%) 1,831(27.2%) 897(11.5%) Replacement Cattle: 611(25.4%) 2,517(37.4%) 2,332(29.8%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 215 216 221 $757
400-500 210 213 217.5 $958
500-600 184 205 210 $1,130
600-700 165 179 183 $1,163
700-800 158 160 163 $1,198

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 185 186 0.0000 $651
400-500 186 195 199 $877
500-600 165 180 186 $991
600-700 152 161 165.5 $1,044
700-800 143.5 154 154.5 $1,153

*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 $91 $97 $102

Total Run