Indicators of the beef industry economy slipped during August, due largely to lower fed cattle prices and feedyard closeouts that register losses nearing $100 per head. Feeder cattle and calf prices held their own through the summer heat, supported by continued decreases in corn prices. Of the eight indicators measured in Drovers' analysis, four arrows point higher and four point lower: cattle prices, production indicators, performance and margins and retail beef prices. Showing improvement last month were the indicators for production costs, competitive meats, packing and processing and the inventory watch. Large beef supplies will continue through fall as cattle on feed totals will remain above year-ago levels through October. Beef demand continues to provide support to the market, though the growth will slow the remainder of the year.