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The dog days of summer generally result in fed cattle prices softening during late summer, but the market may be indicating the rapid decline in prices the past few weeks was a little overzealous.
The fed cattle and beef markets are seeing unprecedented prices, especially for this time in the year.
Both beef and cattle prices continued to slide.
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Feeder cattle futures have been showing strength and the cash market is in tow though at a slower pace.
The price outlook the next several months appear favorable for cow-calf and stocker producers
Lower feed costs, record meat prices and an easing drought point to expansion in the U.S. cattle industry.