Montana Fed Cattle Prices

Choice steer cash prices near Billings, MT. Sourced from USDA AMS MARS Report 2466 (National Daily Direct Slaughter Cattle). Updated daily Monday–Friday.

USDA AMS Report 2466 · Daily · 5-Area Weighted Average
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Live Weight (Choice Steers)
5-Area Weighted Avg — Montana
$188.40 / cwt
USDA AMS 2466
Dressed Weight Equivalent
Choice, 62.5% dress yield
$299.50 / cwt
USDA AMS 2466
Cattle Feeding Margin
750 lb feeder → 1,350 lb fed
+$142 / head
Derived — USDA AMS + NASS corn

Montana Cattle Market Context

Montana operates the largest range cattle system in the lower 48. Cow-calf pairs run on Bureau of Land Management and Forest Service grazing leases across 94 million acres. Feeder calves move south and east in fall; prices track the Billings Livestock Commission and Miles City sales.

Major Processors Near Billings

Montana Quality Foods Billings; cattle primarily market to WY and ID packers; R-CALF stronghold

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Page reviewed: 2026-06-03 Topic: montana cattle prices Sources: USDA AMS, feeder cattle references, corn feed cost context, and GrainBrief livestock margin models

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