“Cattle prices opened higher and closed with strong gains with feeders gaining back what they lost on Friday and live cattle extending to new three-month highs,” The Hightower Report said. “The impressive strength came from strong late day cash trade on Friday and the semiannual cattle inventory report showing the cattle herd at a 75-year low, which did not indicate any significant herd rebuilding, putting the focus back on continued tight supplies. Today’s new high for the move gives the bulls a firm edge.”