December Live Cattle futures fell sharply after failing to hold above the 100-day moving average, a key resistance level. The relative strength index is at 36%, indicating an oversold market but not an extreme case. The lower stock market caused demand concerns for higher priced beef. Additionally, the market reacted to comments that new beef imports, specifically 80,000 metric tons of Argentinian beef, will begin soon, which is seen as an attempt by the administration to bring in more supply. Pressure also came from the USDA's announcement that a sterile fly facility opened in northeastern Mexico to combat the New World screwworm, which is a significant step toward reopening the border.