Local 12% WinterLocal 14% Spring
-1
4.54 – 4.99
+3 to +4
5.30 – 5.55

Fed Steers LiveDressed Basis
-4
$243 – 245
-4 to -5
$382 – 384

Hard Red Winter Wheat Cash Price

Ordinary Protein11%12%
-12
Mon PM
-12
Mon PM
-12
Mon PM
South Central MT4.40 – 4.844.70 – 5.044.85 – 5.19
Golden Triangle4.65 – 4.774.85 – 4.975.00 – 5.12
Northeast MT3.90- 4.454.20 – 4.654.545 – 4.85
FOB Portland-12
5.93 – 6.00
Mon PM
-12
6.20 – 6.23
Mon PM
-12
6.35 – 6.38
Mon PM

Dark Northern Spring Wheat Cash Prices

13% Protein14%15%
-5
Mon PM
-5
Mon PM
-5
Mon PM
South Central
MT
4.85 – 5.255.17 – 5.655.25 – 5.97
Golden Triangle5.13 – 5.255.53 – 5.575.77 – 5.89
Northeast MT4.70 – 5.105.02 – 5.425.26 – 5.82
FOB Portland-5
6.39 – 6.59
Mon PM
-5
6.62 – 6.75
Mon PM
-5
6.79 – 6.87
Mon PM

Choice Fed Steers+1247 – 248
As of 02/23/2026Average: 247Top: 248
Dressed Basis+4387 – 388
As of 02/23/2026Average: 388Top: 388
Choice Boxed Beef Cutout+2.52369.22
44 Loads

Cash Hogs – Daily Weighted Average
Western Cornbelt+1.5186.57
Iowa Lean Average+1.4886.54

Wheat / Durum / Barley Cash Prices

Soft White WheatHard Amber DurumFeed Barley
Steady
Mon PM
Steady
Mon PM
Steady
Mon PM
South Central MT
Golden Triangle5.252.60
Northeast MT5.37 – 5.75
FOB Portland 6.00 – 6.20

Wyoming / Nebraska / Colorado Cash Prices

Hard Red Winter WheatYellow CornSorghum
-2
Mon PM
Steady
Mon PM
Steady
Mon PM
S.E. WYO – S.W. NE4.603.94 – 4.22
North Central COLO5.00 – 5.404.47 – 4.523.27
Northwest NE4.50 – 4.683.54 – 3.942.67 – 3.07

Pulse Market Prices

Pulse Market Prices – 1/5
North Dakota/Montana
Green PeasSteady7.75 – 9.50 (per bushel
Yellow Peas Steady5.25 – 6.25 (per bushel)
Lentils +2.50 – 5.0017.00 – 21.50
ChickpeasSteady19.75 – 22.75
Pinto Beans-122.00
Black BeansSteady21.00 – 22.00
Dark Red Kidney BeansSteady48.00
Light Red Kidney BeansSteady47.00

Montana Hay Report

Billings, MT Dec 12, 2025 USDA Market News Weekly Montana Hay Report
AlfalfaGoodLarge Rounds: 160.00
AlfalfaFairLarge Squares: 115.00

Large Rounds: 140.00
Alfalfa/Grass MixGoodLarge Squares: 150.00

Large Rounds: 160.00
Alfalfa/Grass MixFairLarge Squares: 130.00
Forage Mix-Three WayLarge Rounds: 100.00

Wyoming Hay Report

Torrington, WY Dec. 11, 2025 USDA – WY Dept of Ag Market News Wyoming Hay Report
Eastern and Central Wyoming
Alfalfa Pellets260.00
Alfalfa Cubes375.00
AlfalfaPremium/SupremeLarge Squares: 180.00
AlfalfaPremiumLarge Squares: 175.00
AlfalfaGoodLarge Rounds: 140.00

Large Squares: 140.00
AlfalfaFairLarge Squares: 125.00
Western Wyoming
Alfalfa Cubes380.00
AlfalfaGood/PremiumSmall Square 3 Tie: 240.00 – 260.00
AlfalfaGoodLarge Squares: 165.00
AlfalfaFair/GoodSmall Squares: 210.00
AlfalfaFairLarge Squares: 125.00
Alfalfa/Grass MixGoodLarge Squares: 140.00
Alfalfa/Orchard MixPremiumLarge Square: 260.00