EAST TEXAS(KLTV) - There was no market report last week due to Thanksgiving, but the market from this week shows all classes of both feeder steers and heifers to be 5 to 8 dollars higher than the pre-holiday market numbers. That’s according to the East Texas Livestock Weekly Market Report out of Crockett.
The recent higher market reflects strong buyer aggression aided by positive board closings along with recent rains in the wheat country. The market also says the potential release of the new COVID-19 vaccination has given cattle producers optimism that quote “normalcy is beginning to surface,” end quote. The demand of agriculture products is also booming worldwide which could also be a contributing factor to the markets stronger numbers.
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