AUSTIN -- For the week ending Dec. 25, feeder cattle prices at Texas auctions were $1 to $2 higher per hundredweight in a very light test as most of the locations covered by Market News were closed for the Christmas holidays. Fed cattle were $3 higher as processors replenished supplies following the previous week’s light purchases. Cotton and grain prices were higher for the week. Cotton prices continue to increase amid tight global supplies and strong demand with cotton futures closing at a new all-time record high on Tuesday. Wheat was higher because of concerns about the dry weather on the U.S. Central Plains and news that heavy rains in Australia may have damaged their crop. Corn prices were higher as the potential for a smaller South American crop may further tighten world supplies. . . .