AUSTIN -- For the week ending July 2, feeder cattle prices at Texas auctions were mostly steady to $8 higher per hundredweight. Lower feed grain prices and higher fed cattle contributed to the increase. Fed cattle prices were modestly higher following increases in wholesale beef. Cotton cash prices were lower because of higher than expected planted acreage and continued weak exports, but losses were limited by the declining prospects for this year’s crop. Corn, grain sorghum, and wheat prices ended the week lower after U.S. Department of Agriculture reported larger than expected corn planted acres and higher stocks of grain in storage. . . .
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