Ted Seifried reviews recent price volatility in Live Cattle futures, noting that December cattle gave back early gains while holding above Monday's bullish gap. Seifried breaks down the impact of the latest Cattle on Feed report—which featured lower placement numbers and higher marketings—alongside a weekly drop in slaughter totals. Additionally, he analyzes USDA weekly export sales, which slowed 34% week-over-week to 9,400 metric tons, explaining why tight domestic beef supplies cushion the market against export softness.