Live Cattle lower

Live Cattle futures are trading lower Thursday. April Live Cattle Futures are trading at 152.02 down 0.60 June Live Cattle is trading at 144.55 down 0.15. Cattle Futures are still a discount to cash. Market talk about demand concerns continues. There is a Cattle on Feed report Due out Friday. Placements for January are expected to be down 12% to 14% versus last year. Marketings for January are expected to be down 8-9%. The total On-Feed Supply of for February 1st is expected to be unchanged from last year. Trading is expected to be choppy on Thursday.