Live Cattle Futures Higher

December live cattle is trading at 108.72, up 0.52 cents/lb. February live cattle is trading at 108.90, up 0.40 cents/lb. April live cattle is trading at 108.87, up 0.27 cents/lb. Live cattle futures are trading a little higher after Wednesday's sharp move up. Chatter about consumer demand ahead and the upcoming USDA cattle on feed report is making the rounds. Trading is expected to be choppy. The U.S. Department of Agriculture's (USDA) cattle-on-feed report is scheduled for release Friday at 3:00 p.m. ET. Wednesday's USDA slaughter was 115,000 head, the total for the week is now 345,000 head versus 341,000 last week at this time and 324,000 a year ago.