Live Cattle futures hold near all-time highs as China renews licenses.

Today's livestock markets saw varied price action across the board. Live Cattle futures traded firmly after China renewed export licenses for beef plants, helping the market hold near all-time highs despite an intraday sell-off. Feeder Cattle futures ended mixed as packers remain short bought amid strong ongoing demand, resulting in a sideways trend over the past week. Meanwhile, Lean Hog futures closed lower as an early rally fizzled out, leaving the market struggling to find solid support levels and ultimately closing lower for the session.