Montana Weekly Livestock Auction Summary
Archived Report
7/2/2022
Total Run: 2,252
Market Notes
Compared to last week: All weights of steers and heifers were too lightly tested to develop any market trend however. Limited offerings were met with moderate demand. Quality this week was mostly plan to average. Most feeders were sold as small lots of singles. CME positions continue to struggle this week. Pressure continues to be seen on the live cattle market despite higher cash prices. The basis as of Wednesdays settlement is around $9 cwt. This coupled with higher grain prices has put continued pressure on the feeder cattle market. Market activity was mostly moderate. Weigh up cows comprised most of the offering this week. Demand from western packers remains good and continues to drive the cow market. Slaughter cows sold generally steady on breaking and boning cows, lean cows sold mostly 3.00-4.00 higher. Feeding cows sold steady to 2.00 lower. Weigh up conditions were mostly average to below average this week and significantly lower than last week. Quality was mostly average this week and also lower than last weeks offering. Ranchers continue to market cows which lost calves or have yet to calve. However, the volume of cows seen this week was significantly lower than the last few weeks. Slaughter bulls sold mostly steady to 3.00 higher, with the largest advancement seen for high dressing bulls. Bull quality this week was average to very attractive. Young age cows suitable to feed or rebreed were too lightly tested this week to develop a full market trend. Slaughter cow prices have increased enough so many cows which are usually purchased for replacements are being sent to feed or slaughter. Quality this week was mostly average with a limited offering of attractive young cows seen. Demand for rebreed type cattle was mostly moderate this week and lighter than the last few weeks. A few offerings of cow calf pairs were seen this week and demand for these offerings remains good. Most cow calf offerings were from drought areas and many were very thin.Supply included: 16% Feeder Cattle (27% Steers, 56% Heifers, 17% Bulls); 60% Slaughter Cattle (80% Cows, 20% Bulls); 24% Replacement Cattle (46% Stock Cows, 36% Cow-Calf Pairs, 16% Heifer Pairs, 2% Bulls). Feeder cattle supply over 600 lbs was 83%.
LIVESTOCK SUMMARY Current Week Last Reported 6/20/2022 Last Year Total Receipts: 2,252 5,369 2,880 Feeder Cattle: 357(15.9%) 509(9.5%) 678(23.5%) Slaughter Cattle: 1,348(59.9%) 2,154(40.1%) 1,604(55.7%) Replacement Cattle: 547(24.3%) 623(11.6%) 598(20.8%) Feeder Sheep/Lambs: 0(0.0%) 316(5.9%) 0(0.0%) Slaughter Sheep/Lambs: 0(0.0%) 1,333(24.8%) 0(0.0%) Replacement Sheep/Lambs: 0(0.0%) 53(1.0%) 0(0.0%) Feeder Goats: 0(0.0%) 265(4.9%) 0(0.0%) Slaughter Goats: 0(0.0%) 112(2.1%) 0(0.0%) Replacement Goats: 0(0.0%) 4(0.1%) 0(0.0%)
Feeder Steers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | $-- | |||
| 300-400 | $-- | |||
| 400-500 | $-- | |||
| 500-600 | $-- | |||
| 600-700 | 173 | 176 | 0.0000 | $1,147 |
| 700-800 | 159 | 169 | 172 | $1,266 |
Feeder Heifers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | $-- | |||
| 300-400 | $-- | |||
| 400-500 | $-- | |||
| 500-600 | 168 | 170 | 0.0000 | $936 |
| 600-700 | 160 | 164 | 167 | $1,068 |
| 700-800 | 151 | 156 | 158 | $1,166 |
*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 | $100 | $109 | $116 |