Live Cattle and Feeder Cattle futures fell to the lock limit down on plans to reduce beef prices.

Live Cattle and Feeder Cattle futures finished lock limit lower, triggering expanded limits for Monday, with Live Cattle futures' expanded limit at $10.75 and Feeder Cattle futures' at $13.75. The pressure on prices was attributed to a series of administration headlines aimed at lowering US beef prices. The U.S. President announced quadrupling beef imports from Argentina, while the USDA released a plan to help expand the domestic cattle herd from a 75-year low. Additionally, a Mexican ag minister is set to travel to Washington to discuss reopening the border to Mexican cattle amid a screwworm outbreak. Despite the futures market pressure, the wholesale cash beef side finished firmer, with choice cuts $2.49 higher to $373.14; select cuts $1.13 higher to $354.74.