Live Cattle futures were lower as uncertainty surrounding the reduction of tariffs weakened the beef complex, making it difficult for traders to assess the market impact. The downtrend continued, with December Live Cattle futures down $6.45 to 213.57, reaching prices not seen since July. Volatility remains high at 22.3%. Feeder Cattle futures were also down, with the market moving sideways ahead of Friday's Cattle on Feed report, as the January contract was down $9.25. Lean Hogs futures were higher as oversold conditions led to a rebound, though demand remains spotty and cutouts are choppy. The market appears to be benefiting slightly from the decline in beef prices, with the February contract up $2.30 to 80.32.