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Yellowstone River flowing through Paradise Valley with the Absaroka Mountains

The Yellowstone River

The longest free-flowing river in the lower 48 states. Internationally recognized as one of Montana's premier trout fisheries — big water, big fish, big sky.

Montana's Premier Trout Fishery

A River Like No Other

The Yellowstone River is internationally recognized as one of Montana's premier trout fisheries and holds the distinction of being the longest free-flowing river in the lower 48 states at 692 miles. The river supports strong populations of Brown, Rainbow, and Yellowstone Cutthroat Trout and offers an incredible range of habitat for dry fly fishing, nymphing, and streamer fishing.

Because of the Yellowstone's size and length, quality fishing can be found from Billings upstream to Yellowstone National Park. We focus our guided float trips on sections between Livingston and Columbus that balance river conditions, fishing pressure, flows, and active hatches throughout the season. Your guide selects the section each morning based on real-time conditions — ensuring you're always on the best water available.

The Yellowstone is one of the rare rivers that can fish well from early spring through late fall. The only period we typically avoid is the annual spring runoff, which begins in May and can last through June depending on snowpack. Outside of runoff, the river offers consistent opportunity for anglers of all experience levels — from first-time fly fishers to seasoned veterans chasing trophy browns.

Species & What to Expect

Brown Trout are the Yellowstone's signature species, with fish averaging 15 to 18 inches and specimens over 20 inches taken regularly on both dries and streamers. They favor the deeper runs, undercut banks, and structure along the river's many braided channels. Rainbow Trout hold in the faster riffles and runs, and Yellowstone Cutthroat — the river's native species — are found primarily in the upper reaches near Paradise Valley.

Most guided trips on the Yellowstone are float trips by drift boat or raft, covering 8 to 14 miles of water per day. The river's character changes dramatically from section to section — from tight canyon water with big boulders and pocket water to wide valley stretches with long riffles, gravel bars, and cottonwood-lined banks. This variety means your guide can match the water to your preferred style, whether that's casting streamers into deep holes, sight-fishing to risers during a hatch, or nymphing through productive runs.

Why the Yellowstone From MFL

Montana Fly Fishing Lodge sits within the heart of the Yellowstone River Basin, giving us access to dozens of river miles across multiple sections. Unlike lodges based in Livingston or Bozeman that fish the same heavily pressured upper sections, our location near Absarokee allows us to target less-crowded mid-river stretches where fish see fewer anglers and feed more freely. The Yellowstone is the centerpiece of most multi-day packages and pairs well with our other waters for a complete Montana fly fishing experience.

692 mi
Longest Free-Flowing
3 Species
Brown, Rainbow, Cutthroat
Float
Primary Access
Mar–Oct
Fishable Season
On the Water

The Yellowstone in Frame

Snow-capped Absaroka peak over the Yellowstone River in autumn
Fall colors on the Yellowstone
Yellowstone River sweeping through Paradise Valley with mountains in the distance
Paradise Valley panorama
Wide stretch of the Yellowstone River with gravel bars and fall cottonwoods
Braided channels near Columbus
Yellowstone River flowing through Montana grasslands under wide sky
Big sky, big water
Guided drift boat float trip on the Yellowstone River
Float trip on the Yellowstone
Raft fly fishing on a lively stretch of the Yellowstone River
Raft section
Hatches & Season

Fish Well From Spring Through Fall

March – April
Early Season
Often overlooked yet highly productive. March Browns, Baetis, and the famous Mother's Day Caddis provide dependable hatches. Fewer anglers, willing fish.
July – August
Peak Summer
Golden Stones, Green Drakes, PMDs, Caddis, and Yellow Sallies. Strong terrestrial fishing with grasshoppers, ants, beetles, and spruce moths. The heart of the season.
September – October
Fall
Baetis and midges return as temperatures cool. Streamer fishing produces big browns. Fewer crowds, stunning fall colors, and aggressive pre-spawn fish.
Other Waters to Visit

Explore More Rivers

Stillwater River →

Crystal-clear freestone river flowing from the Beartooth Mountains. Exceptional dry fly water with aggressive wild trout.

Boulder River →

Remote valley setting with willing trout and virtually no pressure. A hidden gem for anglers seeking solitude.

Bighorn River →

Montana's premier tailwater. Consistent flows, prolific hatches, and trout that average 16–20 inches year-round.
"Floating the Yellowstone in a drift boat with the Absaroka Mountains rising on both sides — there's nothing like it. We hit a Green Drake hatch that lasted three hours. Fish after fish, all on dry flies. This river is everything they say it is."
— Returning Guest

Begin Your Montana Story

Whether it's your first trip or your twentieth, there's always new water to discover. Let us help you plan the perfect fly fishing experience.

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Orvis 2024 Finalist — Endorsed Fly-Fishing Lodge of the Year Orvis Endorsed Fly-Fishing Lodge