Cattle Futures Trade Lower After USDA Data

April Live Cattle is trading at 139.20, down 0.62 cents/lb. June Live Cattle is trading at 128.35, down 0.75 cents/lb. August Live Cattle is trading at 122.57, down 0.75 cents/lb. Live cattle futures are trading lower, market chatter about the USDA Cattle-on-Feed report is making the rounds. Trading is expected to be choppy with possible wide ranges on both sides of unchanged. The U.S. Department of Agriculture's Monthly Cold Storage report is scheduled for release Tuesday at 3:00 p.m. ET.