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Montana Weekly Livestock Auction Summary

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Archived Report

5/27/2023

Total Run: 3,555

Market Notes

Compared to last week: All feeder cattle were too lightly tested to develop a full market trend, however steady to firm undertones were noticed on both steers and heifers. Demand was mostly good to very good again, this week. Quality was mixed from plain to attractive. A couple of load lots were offered this week and these were met with very good demand. Packages sold on good demand as well, as offerings were light and buyers had to bid aggressively to fill loads. The best demand continues to be for cattle suitable to run on grass. Additional Spring rains continue to fall intermediately and grass fever has hit buyers. CME feeder cattle positions traded mixed this past week which struggled to gain any traction following a surge in the corn market. New crop corn traded over 40 cents higher for the week to close Friday at 5.3450. Market activity was mostly active this week. Weigh up cows sold on mostly good to very good demand for moderate offerings. Packers showed need for cows for immediate harvest as they pushed cow prices higher in order to secure offerings. Slaughter cows sold 3.005.00 higher on all offerings in a narrow comparison. Rain in the southern plains helped slow the marketing of cows in the south, this coupled with slowing of spring culling in the north has shortened up the cow supply. Packers were force to be aggressive as they pushed to find cattle to meet needs. High quality cows continue to be purchased to feed, however fewer feeding cows were purchased this week compared to last. Feeding cows sold mostly 3.00-6.00 higher in a narrow comparison. Slaughter bulls sold steady to 3.00 higher in a narrow comparison. Cow and bull quality was mostly average this week. Weigh up conditions were mixed as some cows had been out on grass and were very empty, while others were very full. Young age cows suitable to feed or rebreed sold steady to 10.00 lower. Fewer takers were seen for this class of cows this week. Quality was mostly average and part of the reason for lighter buyer participation.

Supply included: 46% Feeder Cattle (31% Steers, 65% Heifers, 4% Bulls); 34% Slaughter Cattle (84% Cows, 16% Bulls); 20% Replacement Cattle (91% Stock Cows, 4% Bred Cows, 4% Cow-Calf Pairs, 1% Heifer Pairs). Feeder cattle supply over 600 lbs was 63%.

LIVESTOCK SUMMARY Current Week Last Reported 5/15/2023 Last Year Total Receipts: 3,555 5,266 4,615 Feeder Cattle: 1,639(46.1%) 2,547(48.4%) 2,386(51.7%) Slaughter Cattle: 1,212(34.1%) 140(2.7%) 1,177(25.5%) Replacement Cattle: 704(19.8%) 199(3.8%) 1,052(22.8%) Feeder Sheep/Lambs: 0(0.0%) 160(3.0%) 0(0.0%) Slaughter Sheep/Lambs: 0(0.0%) 1,905(36.2%) 0(0.0%) Replacement Sheep/Lambs: 0(0.0%) 30(0.6%) 0(0.0%) Feeder Goats: 0(0.0%) 50(0.9%) 0(0.0%) Slaughter Goats: 0(0.0%) 225(4.3%) 0(0.0%) Replacement Goats: 0(0.0%) 10(0.2%) 0(0.0%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 300 300 0.0000 $1,350
500-600 272.5 296 295 $1,630
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 $--
500-600 229 262 270 $1,440
600-700 220 233 257 $1,512
700-800 193 212 224.5 $1,593

*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 $113 $121 $129

Total Run

2023-05-20
2023-06-03
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