Live Cattle Futures Little Changed

August live cattle is trading at 108.77, down 0.12 cents/lb. October live cattle is trading at 108.65, down 0.25 cents/lb. December live cattle is trading at 110.60, down 0.12 cents/lb. Live cattle futures are trading steady to lower just after the open Wednesday morning. In Tuesday's monthly supply demand update the USDA revised beef production higher by 310 million pounds. The agency moved exports up by 20 million pounds and imports up by 5 million pounds. Tuesday's USDA cattle slaughter came was 114,000 head, the total for the week us now 227,000 head, up from 219,000 head a year ago.