Live Cattle futures held 20-day average to end unchanged.

December Live Cattle futures finished unchanged after rebounding from an intraday test of support at their 20-day moving average, keeping the contract's Relative Strength Index near 67%. Ted Seifried of Zaner Ag Hedge breaks down the constructive technical rebound alongside steady demand and supply projections ahead of the USDA Cattle on Feed report. Weekly export sales arrived at a solid 18,500 metric tons, topping the four-week average by 30% amid tight domestic beef availability. Meanwhile, pre-report estimates for the USDA release indicate total cattle on feed at 100.3% of year-ago levels, with marketings at 93% and placements expected to decline sharply to 92.6%.