Virginia McGathey reviews the latest activity across the livestock markets, noting upside momentum for Live Cattle futures as a significant cash discount underpinned support. Daily trading limits expanded to $8.50, though trading remained largely within last week's range. Feeder Cattle futures also trended higher as packer demand provided support early in the month, despite ongoing import restrictions at the Mexican border. Meanwhile, Lean Hog futures held firm on technical buying following a sharp sell-off last week. The latest Commitment of Traders report highlighted significant fund liquidation, with 21,000 long positions sold in the Lean Hogs market.