Livestock markets experienced a universally lower session today, with June Live Cattle futures falling to 245.80 and May Feeder Cattle futures settling at 366.62. June Lean Hog futures also moved lower. The price action follows a sharp two-week rally that pushed the relative strength index to its most overbought level since October. In the cash market, wholesale box beef reports showed mixed results, while the USDA five-area average price for live steers held steady at 244.96. Meanwhile, weekly slaughter started at 101,000 head, marking a decline from both the previous week and the prior year. Tracking the volatility, CVOL trended firmer for both Live Cattle and Feeder Cattle futures.