Live Cattle futures held steady as cash prices fell.

Live Cattle futures traded steady as declining cash prices and boxed beef values countered bullish market fundamentals, with the December contract falling $5.82 to $227.95. Feeder Cattle futures rebounded following Friday's month-end selling, pushing the January contract up $2.90 to $334.67 amid expectations of tightening supplies. Lean Hog futures traded sideways for a fourth consecutive session, despite a $41 million USDA purchase aimed at providing market relief. Meanwhile, money managers pushed Lean Hog net short positions to a record high of over 51,000 contracts.