Live Cattle futures rebounded sharply after reversing off a new yearly low, closing positive despite ongoing market headwinds. Technical indicators show the Relative Strength Index at 32%, placing it near oversold levels following recent volatility. The market showed resilience despite pressure from higher energy prices and broader stock market weakness, which typically weigh on beef demand. In the cash market, cattle traded $2 to $4 lower, while boxed beef prices fell nearly $8, reflecting a typical mid-summer slowdown in grilling demand following the July 4th holiday. On the export front, weekly sales reached 9,400 metric tons—an 18% increase week-over-week—though volume remains 32% below the four-week average. Ted Seifried analyzes the latest price action and market drivers.