AUSTIN -- For the week ending July 12, Texas auctions quoted feeder cattle prices mostly steady to $10 higher per hundredweight (cwt) early in the week. Later, following a drop in futures markets and fed cattle, prices were mostly steady to $4 lower. Texas direct feeder cattle sales were steady to $4 higher. Fed cattle cash prices were down $2.50 from the previous week’s record high. Wholesale beef values were $4 higher per cwt to reach new record highs. Reduced cattle supplies and strong demand continue to support prices throughout the cattle sector. . . .