The Hightower Report said, “As expected, the cattle complex opened sharply weaker after the White House announcement this morning of tariff-free ground beef imports for the next 90 days. Both live cattle and feeders gapped sharply lower but rebounded sharply to finish only slightly lower on the day. Perhaps the White House announcement has now been priced in, but traders will need more evidence to conclude the downtrend since mid-May is over. But for the short-term, we may see a price recovery early next week based on today’s rebound.”