Virginia McGathey analyzes the latest action in the livestock market as the fourth quarter gets underway. Live Cattle futures face pressure amid weaker trader confidence, testing the lows of a three-week channel. Feeder Cattle futures slide as weak box prices discourage packer bids, giving up a portion of last week's gains. In Lean Hog futures, profit-taking on short positions provides support, lifting December and January contracts to start the week. McGathey details key price levels and highlights current CVOL readings across the complex.