Oliver Sloup breaks down a weak session for Livestock futures, highlighting significant losses across Live Cattle, Feeder Cattle, and lean hogs. The discussion covers the latest USDA wholesale boxed beef and daily slaughter reports, noting that week-to-date slaughter is trailing last year's pace by 26,000 head. Sloup also examines key technical developments, explaining how the cattle market filled a July gap before stalling and breaking back below the 200-day moving average.