View from the US
July continued the trend of cautious optimism seen in June, with some sectors showing slight improvement while others remained stable. Heavy Texas Steers saw firming prices, with 64/66lbs selling for around $24.00, up from last month’s trend of $21.00. This price increase reflects a positive shift in demand. Colorado Branded Steers also showed some recovery, with 62/64lbs selling for $20.50, indicating a growing interest in this category after a period of subdued activity. This recovery, though modest, suggests that buyers are regaining confidence in the market, albeit cautiously.
