Local 12% WinterLocal 14% Spring
-11
4.32 – 4.81
-5
5.10 – 5.58

Fed Steers LiveDressed Basis
+1
$232 – 233
+5
$365 – 370

Hard Red Winter Wheat Cash Price

Ordinary Protein11%12%
+9
Wed PM
+9
Wed PM
+9
Wed PM
South Central MT4.32 – 4.664.52 – 4.864.67 – 5.01
Golden Triangle4.52 – 4.624.72 – 4.824.87 – 4.97
Northeast MT3.72 – 4.274.02 – 4.474.27 – 4.67
FOB Portland+9
5.72 – 5.82
Wed PM
+9
6.02 – 6.03
Wed PM
+9
6.17 – 6.18
Wed PM

Dark Northern Spring Wheat Cash Prices

13% Protein14%15%
+2
Wed PM
+2
Wed PM
+2
Wed PM
South Central
MT
4.77 – 5.175.09- 5.575.17 – 5.89
Golden Triangle5.19 – 5.325.59 – 5.645.74 – 5.96
Northeast MT4.67 – 5.075.345.58
FOB Portland+2
6.26 – 6.38
Wed PM
+2
6.54 – 6.59
Wed PM
+2
6.62 – 6.71
Wed PM

Choice Fed Steers+1232 – 233
As of 01/26/2026Average: 230.92Top: 232
Dressed Basis+5365-370
As of 01/26/2026Average: 365Top: 370
Choice Boxed Beef Cutout+1.63369.74
86 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
+5 to 10
Wed PM
Steady to +20
Wed PM
Steady
Wed PM
South Central MT
Golden Triangle5.402.60
Northeast MT5.37 – 6.00
FOB Portland5.95 – 6.00

Wyoming / Nebraska / Colorado Cash Prices

Hard Red Winter WheatYellow CornSorghum
+9
Wed PM
+3
Wed PM
+3
Wed PM
S.E. WYO – S.W. NE4.32 – 4.423.88 – 4.10
North Central COLO4.87 – 5.224.40 – 4.553.80
Northwest NE4.22 – 4.473.5 – 4.952.70 – 3.00

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