Uruguay's spring bull sales concluded with about 8,000 breeding bulls sold at an average price above US$5,000, up from US$4,400 the previous season. Calf prices have risen about 40% over the past year, and the bull campaign is expected to support the largest breeding season in the country's history.
Strong demand for genetics and higher calf prices point to a tight, expanding cattle cycle in Uruguay. This is a regional sector trend with little direct effect on international feed grain or cattle futures.
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