Let’s break down what’s happening on the water right now with information from Montana Troutfitters’ July 28, 2026 fishing report for the Lower Madison. First Things First: Ditch the PaperIf you haven’t grabbed your 2026 Montana fishing license yet, don’t wander into a shop expecting a paper handout. As of March 1st, all Montana Fishing and Conservation licenses are strictly online only. The Lower Madison is SweatingThe summer heat is doing its thing, which means the Lower Madison is currently under Hoot Owl restrictions. Do the trout a favor and give the Lower Madison a rest right now.