AUSTIN -- For the week ending Jan. 8, feeder cattle auction prices were higher to sharply higher compared to pre-holiday markets. Demand remained strong for the available cattle as buyers attempted to rebuild inventories while the weather was still relatively mild. Fed cattle prices declined, but remain at historically high levels well above a year ago. Cotton cash prices were higher as world demand remains strong for a shrinking supply of cotton. Grain prices decreased thanks to a stronger dollar, beneficial rains in South America and weaker demand at the higher prices seen over the past few weeks. . . .
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