Central Montana

Missouri River

Below Holter Dam near Craig, Montana, the Missouri River becomes one of the most prolific tailwater trout fisheries in the world. Its nutrient-rich flows from the dam create ideal conditions for massive insect hatches and trophy-sized rainbow and brown trout.

Current Conditions

Typical Monthly Flows

Historical median discharge (CFS) by month — Missouri River

4,790
Jan
4,670
Feb
4,630
Mar
5,075
Apr
5,470
May
6,695
Jun
4,650
Jul
4,070
Aug
4,050
Sep
4,080
Oct
4,440
Nov
4,750
Dec
Current monthHistorical medianSource: USGS

Overview

The Missouri River below Holter Dam is a tailwater trout fishery of legendary proportions. The cold, clear water released from Canyon Ferry and Holter reservoirs creates conditions that support an estimated 5,000 to 7,000 trout per mile — numbers that rival any river in the world.

The Missouri's productivity is driven by aquatic vegetation and insect life that thrives in the stable, nutrient-laden tailwater flows. Hatches are prolific and predictable: midges year-round, Blue-Winged Olives in spring and fall, PMDs and caddis in summer, and Trico spinners that blanket the surface in August and September.

The most popular section runs from Holter Dam to the town of Cascade, roughly 35 miles of floatable water. The upper stretch near Craig is the epicenter, with multiple access points and world-class guides based in the area. Trout average 15 to 18 inches with fish over 20 inches caught regularly.

What makes the Missouri unique among Montana rivers is its consistency. As a tailwater, it doesn't suffer from the high, muddy runoff that can blow out freestone rivers for weeks in spring. The dam moderates flows and temperatures, creating fishable conditions nearly every day of the year.

The Missouri rewards technical fishing. During heavy hatches, trout become selective feeders that demand precise fly selection and drag-free drifts. Sight-nymphing with small flies is a year-round staple. Streamer fishing with articulated patterns produces the biggest fish, particularly on cloudy days and during fall.

Species Present

Rainbow Trout

Rainbow Trout

The rainbow trout is Montana's most widespread gamefish, prized for its aerial acrobatics and willingness to take dry flies. Native to Pacific drainages, rainbows have been stocked extensively and now thrive in most Montana rivers. They are typically identified by their pink lateral stripe, spotted tail, and silvery body.

Brown Trout

Brown Trout

Brown trout are the wariest and most challenging trout species in Montana waters. Originally from Europe, browns have established self-sustaining populations throughout the state. They are recognized by their golden-brown coloration with dark spots surrounded by light halos. Browns grow larger than most other trout species and are famous for aggressive streamer takes.

Mountain Whitefish

Mountain Whitefish

Mountain whitefish are native to most Montana river systems and are often overlooked by anglers focused on trout. These fish readily take nymphs and small dry flies and can provide excellent sport, particularly in winter when trout fishing slows. Whitefish are easily identified by their small, downturned mouths and silvery, elongated bodies.

Hatch Chart

InsectSuggested FlyJanFebMarAprMayJunJulAugSepOctNovDec
Midges
morning
Zebra Midge
Blue-Winged Olive (Baetis)
afternoon
BWO Emerger
Blue-Winged Olive (Baetis)
afternoon
BWO Emerger
Caddisflies (various)
evening
X-Caddis
Pale Morning Dun
morning
PMD Comparadun
Trico
morning
Trico Spinner
Terrestrials (hoppers)
afternoon
Chubby Chernobyl

Midges: Year-round. The foundation of Missouri River fishing. Size 18-24.

Blue-Winged Olive (Baetis): Incredible spring BWO hatches. Size 16-20.

Blue-Winged Olive (Baetis): Fall BWOs are equally impressive.

Caddisflies (various): Mother's Day caddis and summer caddis. Size 14-16.

Pale Morning Dun: World-class PMD hatches. The best dry fly fishing of the year.

Trico: Legendary Trico spinner falls. Technical, rewarding fishing. Size 18-22.

Terrestrials (hoppers): Hopper-dropper rigs work well along grassy banks.

Recommended Flies

Access Points & Boat Launches

Holter Dam

Wade Access

Directly below the dam. Walk-in wade access to the most productive water.

Map

Craig Bridge FAS

Boat Launch

Primary launch for the Craig section. Full facilities, guide staging area.

Map

Mountain Palace

Boat Launch

Mid-section access between Holter Dam and Craig. Boat ramp and parking.

Map

Prewett Creek FAS

Boat Launch

Popular take-out below Craig. Well-maintained ramp.

Map

Cascade FAS

Boat Launch

Lower section access. Long floats from Craig end here.

Map

Regulations

Regulations

Open year-round below Holter Dam. Holter Dam to Cascade: artificial flies/lures only, 5 trout daily combined, only 1 brown over 18" and only 1 rainbow over 18". Mountain whitefish: 20 daily. No hoot-owl restrictions typically apply (tailwater temperatures remain cold). Montana fishing license required — non-resident season license ~$96–110 (Conservation + Fishing). Check FWP at fwp.mt.gov for current regulations.

Always verify current regulations with Montana Fish, Wildlife & Parks before fishing.