Oregon Caves National Monument Boundary Adjustment Act of 2010

Oregon Caves National Monument Boundary Adjustment Act of 2010 - (Sec. 4) Redesignates the Oregon Caves National Monument as the Oregon Caves National Monument and Preserve.

Designates lands identified as proposed addition lands on the map entitled "Oregon Caves National Monument and Preserve" as a National Preserve.

Directs the Secretary of Agriculture (USDA) to: (1) transfer the proposed addition lands to the Secretary of the Interior (the Secretary) to be administered as part of the Monument and Preserve; and (2) adjust the boundary of the Rogue River-Siskiyou National Forest to exclude such lands transferred by the Secretary.

Adjusts the boundary of the Monument to exclude certain land in the city of Cave Junction and identified on the map as the Cave Junction Unit.

(Sec. 5) Requires the Secretary to revise the fire management plan for the Monument to include the Preserve and carry out hazardous fuel management activities within the Monument and Preserve.

Allows for the completion of existing Forest Service stewardship and service contracts executed as of the enactment of this Act. Recognizes the authority of the Secretary of Agriculture to administer such existing contracts through their completion.

Permits the grazing of domestic livestock on land within the Preserve to continue where authorized under permits or leases in existence as of enactment at not more than the current level.

(Sec. 6) Directs the Secretary of Agriculture or the Secretary to accept the donation of a grazing lease or permit from a lessee or permittee for: (1) the Big Grayback Grazing Allotment located in the Rogue River-Siskiyou National Forest; and (2) the Billy Mountain Grazing Allotment located on a parcel of BLM-managed land. Instructs the Secretary to terminate each donated permit or lease and ensure a permanent end to grazing on the land covered by such permit or lease. Considers a lessee or permittee donating a grazing lease or permit to have waived any claim to any range improvement on the associated grazing allotment or portion.

(Sec. 7) Allows the Secretary with specified administrative exceptions, to permit hunting, fishing, and trapping on land and water within the Preserve.

(Sec. 8) Prohibits this Act from affecting the state's authority or responsibility to carry out any laws or duties related to fish and wildlife on areas within the Preserve.

(Sec. 9) Amends the Wild and Scenic Rivers Act to designate: (1) the subterranean segment of the Cave Creek in Oregon known as the River Styx as a component of the national wild and scenic rivers system; and (2) certain additional segments of the Monument and Preserve for study for potential addition to the system.

(Sec. 11) Directs the Secretary to report the results of such study to Congress.