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U.S. cattle prices, at record high levels recently, will probably fall back to levels from a year so ago because of the first known case of mad cow disease in the United States, a U.S. Agriculture Department official said Friday.
"We are fortunate at least from an economic point of view that at the time the incident has occurred, cattle prices have been at record highs," said USDA chief economist Keith Collins.
Collins added that while some cattle producers could face "financial difficulty" as a result of the mad cow case, prices generally will fall back to the "level they been in the last year or so."
