Montana cattle markets faced challenging conditions this week as receipts doubled from the previous week but remained below year-ago levels. Total receipts reached 4,627 head, up from 2,293 last week but down from 4,810 head during the same period in 2025.
Market Highlights
The week brought a mix of volatility and opportunity for Montana ranchers. CME futures markets were whipsawed by a confirmed case of New World screw worm before surging limit higher on Thursday. The August contract closed Friday at $357.425, up $3.525 from the previous week’s close.
Recent rains have been a game-changer across much of the state, improving pasture and range conditions and sparking renewed demand for cattle suitable for grass. However, feeder cattle offerings were too light to establish clear trends, with most cattle sold in small groups or as singles.
Slaughter cow markets took a hit this week, with breaking cows selling $2.00-4.00 lower and boning/lean cows down $2.00-3.00. American packers showed resistance to higher prices, while Canadian buyers remained active, particularly for thinner cattle suitable for feeding.
Weekly Receipts Breakdown
| Category | This Week | Last Week | Year Ago |
|---|---|---|---|
| Total Receipts | 4,627 | 2,293 | 4,810 |
| Feeder Cattle | 878 (19.0%) | 543 (23.7%) | 1,062 (22.1%) |
| Slaughter Cattle | 1,901 (41.1%) | 1,217 (53.1%) | 2,027 (42.1%) |
| Replacement Cattle | 1,848 (39.9%) | 533 (23.2%) | 1,721 (35.8%) |
Key Price Ranges
| Category | Weight Range (lbs) | Price Range ($/cwt) |
|---|---|---|
| Feeder Steers (M&L 1-2) | 400-970 | $317.50-$535.00 |
| Feeder Heifers (M&L 1-2) | 400-820 | $275.00-$470.00 |
| Slaughter Cows (Boner) | 1,175-1,725 | $135.00-$196.50 |
| Slaughter Bulls | 1,295-2,600 | $195.00-$244.00 |
Looking Ahead
The combination of improved moisture conditions and volatile futures markets is creating both opportunities and challenges for Montana producers. Demand for young cows suitable for feeding or rebreeding remained strong as buyers continue to capitalize on improving grass conditions.
Replacement cattle made up nearly 40% of this week’s offerings, reflecting seasonal patterns as producers make decisions about their breeding programs. The strong showing in this category suggests continued confidence in the long-term cattle market outlook despite current price pressures.
With 77% of feeder cattle over 600 pounds, the market is seeing typical seasonal weight patterns. However, the light testing of feeder cattle markets means producers should watch closely for trend development in coming weeks as more cattle potentially come to market.
Source: USDA AMS Montana Weekly Livestock Auction Summary
