AUSTIN -- For the week ending May 3, feeder cattle prices reported by Texas auctions were steady at many locations. However, a few noted weaker prices on a portion of their offerings, most often lighter-weight feeders, and some reported prices as much as $8 higher per hundredweight (cwt). Texas direct feeder cattle prices were steady to $2 higher early in the week and as much as $5 higher later in the week. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $0.73 higher per cwt. Wholesale beef values were lower. Cumulative cattle slaughter year-to-date is running 6.1 percent behind a year ago. . . .
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