Market Highlights: Dog days of summer not hurting cattle prices

Fed cattle traded $2 higher on a live basis compared to last week. Prices on a live basis were mainly $119 to $121 while dressed trade was mainly $189 to $191. 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. Drovers CattleNetwork reports market highlights from University of Tennessee’s Andrew P. Griffith. Read more…