Austin Schroeder at Barchart.com said, “Live cattle futures saw losses of 45 cents to $1.55 in the front months, as back months were 12 cents to $1.10 higher. Preliminary open interest was down 9,469 contracts on Tuesday, with the bulk in the nearbys, suggesting long liquidation. Cash trade has yet to get kicked off on Monday, with last week at $239-240 in the South, with Northern sales of $237-238.” The Hightower Report said, “The USDA estimated cattle slaughter yesterday came in at 121,000 head Tuesday. This brings the total for the week so far to 231,000 head, unchanged from last week at this time but down 245,607 a year ago.”