The Hightower Report said, “Cattle complex started strong but settled back to finish slightly lower on the day. We have not heard of any cash trade yet today, but packers may need more cattle after a couple of weeks of light purchases. June live cattle made a new high for the week this morning before pulling back. The labor union confirmed they plan to strike at the JBS plant on Monday, and the company announced the plant will remain closed for the time being. With packer margins now profitable, it is unlikely JBS will want to keep the plant closed for any length of time, so a quick resolution is possible. The stock market was near steady at the cattle close, pulling back from its early morning highs and crude is up more than $3 a barrel, which may be the main reason cattle pulled back off the highs today.”