Live Cattle and Feeder Cattle futures hit limit down on import news.

The livestock market was broadly lower, with Live Cattle futures hitting the limit down following a report on the possible reopening of Mexican imports, which triggered major liquidation. December Live Cattle futures fell to $231.7, down $25 from the all-time high set just weeks ago. Feeder Cattle futures were also limit down, with liquidation continuing across all contracts out to October 2026. The January contract was down $13.75 to $3,344.2, down $45.78 from 11 days prior. Volatility in Feeder Cattle was up 3% to 23.3%. Lean Hog futures were down as cash prices were lower, maintaining a month-long downtrend and hitting mid-August lows. The market is technically oversold despite a spike in cutout prices pushing them over $100.