Live Cattle Futures Open Higher

February Cattle is up 0.80 at 156.55, April Live Cattle is up 0.40 at 154.72 and March Feeder Cattle is lower at 210.00. Trading is expected to continue to be very choppy. Chatter about fund selling to disinvest is making the rounds. Cattle is still a tight market supply wise. All U.S. exchanges are closed on Monday in observance of Dr. Martin Luther King's Birthday. Investors should expect pre-holiday markets to begin late Thursday.