I have read some few articles that have extracted steroid hormone and their metabolites from feces of animals. Is there any literature that discussed this matter ?
you may be aware, but I wrote a review about this topic some years ago (still fully valid) - here is a link form the journal, but also found at my ResearchGate site).
Palme, R., Touma, C., Arias, N., Dominchin, MF., Lepschy, M. (2013): Steroid extraction: Get the best out of faecal samples. Wiener Tierärztl. Mschrift – Vet. Med. Austria 100, 238-246.
Fresh feces contain surely contain higher level of water so if the hydration of your samples is different you can have some problem when you have to analyse their fecal hormonal levels
If you have a lot of samples, not so much difference in water content between fecal samples (depending on the species) and a good paralelism comparing dry and wet fecal samples (a good and significant correlation) you can analyse wet samples. Anyway, dry samples are the gold standard.
You will need to consider several points to decide which method of extraction is most suitable for your lab.
1. Drying removes water content so you will not have any influence of water from the sample itself on the extraction efficiency.
2. Drying eliminates micro-organisms and possible pathogens within the feces so it may also be a requirement of your biosafety protocols.
3. If you do not have appropriate equipment to dehydrate the samples such as lyophilizer (conventional oven may affect results) then it could be a problem.
4. If you are going to start up for any new species then it is best to stick with one of the method as you cannot compare the results of previous studies if they used the other method.