Ben DiCostanzo at Walsh Trading said, “December Live Cattle opened higher rallied to an early high and then broke down to the session low at 233.00. It reversed course and rallied the rest of the session to the high at 234.675. It settled near the high at 234.50. The rally took the December contract into the middle of its recent trading range it has been in. The low of the range is at 231.75 and the high is at 236.45. I think the fats got lucky today as downside price action was stunted because the Feeder Cattle kept pushing higher. The market is essentially drifting as traders wait for the cutout to start its seasonal rally into the holidays.”