The Hightower Report said, “The cattle complex ended modestly after live cattle prices tested yesterday’s high and turned down. Cutout fell sharply this morning, down nearly $8. Higher stocks and lower crude were supportive but speculative buying today slowed. Daily trading volume this week has been below average as well. This week’s feeder auctions in the southern Plains have been generally steady/higher. There has been little information about the U.S./Mexico border lately but until the new sterile fly facilities on each side of the border are completed, which may take another few months, we doubt the border will reopen in the near term. June live cattle tested yesterday’s low at 233.32 and bounced. The trend remains higher.”