Live Cattle Little Lower

Live Cattle futures have moved lower after a steady to higher trade early on. August Cattle is trading at 150.12, down 0.37 and October Cattle is trading at 153.07, down 0.40. Trading is expected to remain range-bound. Market chatter about slack export demand has been making the rounds. Some market talk about more imports this summer and fall from Canada and Australia has been making the rounds.