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The Hightower Report said, “The cattle complex rallied sharply yesterday and held Monday’s gap support, closing near the highs of the week. There was a news report overnight that Trump officials were considering rolling back the beef import plan due to pushback from cattlemen and although that news may have leaked yesterday and been part of yesterday’s rally, it could prompt a higher opening this morning.”
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“The market’s short-term trend is positive on the close above the nine-day moving average for live cattle. The gap up on the day session chart…
“Southern state placements will begin to rise as more border crossings are reopened” near Mexico, The Hightower Report said.
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