Live Cattle little lower

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August Cattle is trading at 146.30, down 0.20. October Cattle is trading at 149.22, down 0.20 and December Cattle is trading at 151.17 down 0.22. Demand concerns continue to make the rounds. Trading is expected to be choppy and rangebound with possible wide ranges on both sides of unchanged. The USDA reported that weekly U.S. beef export sales last week were 11,500 metric tonnes, versus the 4-week average of 11,075. So far sales for 2015 are 426,900 metric tonnes, down -7.5% versus last year at this time. Some chatter about light buyers for August near 1.4530 is making the rounds.
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