Livestock futures edge lower as Lean Hog net short nears record.
Livestock futures saw a softer tone on Tuesday, with December Live Cattle slipping $0.22 despite a firm morning wholesale boxed beef report that saw choice cuts climb $0.98. Daily slaughter ran slightly ahead of last year's pace at 106,000 head. Feeder Cattle futures also drifted lower, accompanied by a 1.05% drop in t