“The cattle complex started lower this morning, then bounced off the lows, but closed weaker. Surprising for this early in the week, cash trade has been noted today at 242 in Texas, steady with last week. Showlist sizes this week are smaller in Kansas but larger than last week in Texas. Packer margins remain profitable and are likely to remain so unless cash trade turns out much stronger-than-expected. Feeder auction prices continue to be very strong with good demand, partly due to the improved pasture conditions with the recent rains across the southern Plains and more chances this weekend. The nearby range of 237.65 - 243.57 has contained the December live cattle trade this week so far. There is no technical sign the market is ready for a significant break,” according to The Hightower Report.