The Hightower Report said, “Not surprisingly, President Trump’s comments about lowering beef prices resulted in significant gaps lower on the live cattle and feeder charts after 10 consecutive higher closes. Feeder prices closed limit offer even though details on Trump’s beef plan have yet to be released. Speculation is rampant that he has made a deal to increase Argentina’s beef imports into the U.S. Argentina already exports beef to the U.S., but volumes are capped by a quota limit, which could be raised to allow more product in.”