Live Cattle and Feeder Cattle futures hit limit down on border rumors.

The livestock market experienced significant action today, with Live Cattle futures hitting limit down due to concerns over opening the Mexican border, which triggered mass liquidation in the overbought market. December Live Cattle futures were down $7.25 to $2.05.52. Feeder Cattle futures suffered the same fate, also hitting limit down and reaching prices not seen since August 1st. The January contract was down $9.25 to $3.19.97. Both Live Cattle and Feeder Cattle are expected to have expanded limits tomorrow, reaching $10.75 and $13.75, respectively. Lean Hog futures were firm today, as strong demand seems to be countering good supplies. Despite pork cutouts being down $2.48 and back under the $100 mark, the downtrend in Lean Hog futures may have slowed for the time being. December Lean Hog futures were up $1.05 to $80.97.