Live Cattle Futures Move Up the Daily Limit

August live cattle is trading at 112.57, up 2.62 cents/lb. October live cattle is trading at 111.07, up the daily limit of 3.00 cents/lb. December live cattle is trading at 111.90, up 2.70 cents/lb. Live cattle futures are trading brisk and sharply higher. Market chatter about cash prices and consumer demand is making the rounds. Market talk about the U.S. Department of Agriculture (USDA) cattle on feed and cold storage reports is ongoing.