AUSTIN -- For the week ending June 7, Texas auctions quoted feeder cattle prices steady to as much as $10 higher per hundredweight (cwt). Texas direct feeder cattle prices were steady to $3 higher. Expectations that limited supplies will tighten and strong demand continue to support the market. Feeder cattle futures on Friday closed above $200 per cwt for the first time on record. Fed cattle cash prices were more than $2 higher per cwt. Wholesale beef values were lower. . . .
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