Live Cattle Little Changed

August Cattle is trading at 146.80, up 0.05. October Cattle is trading at 149.07, up 0.05 and December Cattle is trading at 151.15, unchanged on the day. Trading is expected to be choppy and rangebound with possible wide ranges on both sides of unchanged.

Market chatter about possible better demand ahead is making the rounds. Chatter about increased imports and generally slow exports has led to some selling on rallies.