It’s a deep-freeze on the Missouri River below Holter Dam, but the fishing has stayed surprisingly solid for anglers willing to layer up and work for it. Here’s the latest from Yellow Dog Flyfishing, including a flow update and what’s been producing.

February on Montana’s Missouri River is quiet, cold, and—when weather cooperates—surprisingly productive. With snowpack running roughly 80–90% of average, steady flows, and that key 36°F water-temp line dictating fish behavior, expect midges, deep-bucket nymphing, a sneaky-good winter streamer bite, and Trout Spey anglers swinging heavier tips through prime holding water. Here’s the latest Craig, MT update from Headhunters Fly Shop, plus what to watch as we inch toward spring and the 2026 guide season.