In this daily market commentary, Virginia McGathey breaks down the latest movements across the livestock markets. Live Cattle futures finished lower following the USDA's confirmation of two additional screwworm cases, as choppy, sideways trade actions suggest a near-term high may be established while funds pare back long positions. Feeder Cattle futures also faced downward pressure driven by emerging demand concerns, despite a steady cash trade keeping prices within their established 2026 range. Meanwhile, Lean Hog futures fell to new lows for the year as funds expanded their net short positions, overshadowing higher cutout values and keeping packers cautious on Friday's lower cash signals.