View from the US – October 2024

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.