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First and foremost, the material composition of sheep wire significantly impacts its price. Typically made from high-tensile steel, sheep wire offers strength and durability essential for containing livestock. As with any metal, the price of steel fluctuates depending on global supply and demand. When production costs for steel rise, manufacturers often pass these costs on to consumers, leading to increased prices for sheep wire. Therefore, it is crucial for farmers and ranchers to stay informed on commodity market trends, as changes in steel prices directly correlate with sheep wire costs.