Live Cattle futures retreat below major moving averages ahead of USDA data.

Ted Seifried of Zaner Ag Hedge evaluates Live Cattle futures as prices break back below their 10-day, 20-day, and 50-day moving averages, unwinding a recent upside breakout. He discusses a quiet period for fundamental news following earlier debates over border reopenings and mandatory country-of-origin labeling (MCOOL). While weekly beef export sales improved by 65%, Seifried notes that market attention is firmly shifting to Friday's Cattle on Feed report, highlighting expectations for placements at 96.7% and marketings at 96% year-over-year.