Cattle Market Trends
The cattle market is showing positive signs, with all indicators pointing upwards.
A key factor contributing to this confidence is the willingness of producers to hold their nerve, avoiding panic selling despite a dry spring and heavier supply.
Many agents and experienced producers are saying the much-touted rise of cattle prices has kicked in.
- Restocker steers and heifers are leading the way in price increases.
- Rain in key cattle-producing areas has helped to boost market strength.
Author's summary: Cattle market indicators are up, driven by producer confidence.
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