“Live cattle made a new one-month low this morning, and feeders were nearly $4 lower, but prices recovered to finish with marginal gains,” The Hightower Report said. “The futures discount to cash in live cattle was a supportive factor on today’s break and the fact August live cattle found support after briefly penetrating the 100-day moving average this morning, as it has several times over the last four months. If the pattern remains similar, prices should see a rebound over the next few sessions.”