Live Cattle Higher

Cattle futures are trading higher Friday morning. June Live Cattle is trading at 150.75, up 1.27. August Cattle is trading at 149.20, up 0.85. Trading is expected to be very choppy with wide ranges.

Concerns about increasing supply has led to a little selling. Stable cash is supportive. Chatter about packer margins and some concerns that consumers will shift to cheaper protein after holiday this month is making the rounds.