Live Cattle futures test channel lows as fourth quarter begins.

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.