Welcome to Shepherd Montana. Find what you need right here. From restaurants and Hotels/Motels to cars/autos and real estate that is close to Shepherd and the Shepherd High School. Local attractions and activities are available for visitors in and around Shepherd like hiking, fishing, boating, swimming and horseback riding along the Yellowstone River Valley. Shepherd, a suburb of Billings, is the location of Shepherd High School Mustangs.