The optimism cattle producers started off 2012 with has become a little less broad and a little more cautious as 2012 starts to wind down. High commodity prices, a brutal US drought and high replacement costs among other factors have really dampened the high enthusiasm seen at the beginning of the year. It was February when we last spoke to Duane Lenz of CattleFax to get his outlook for what was looking to be a great year for producers. We caught up with Duane again at this year’s Canfax Cattle Market Forum to gain some perspective and look ahead to 2013.

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