Austin Schroeder at Barchart.com said, “Live cattle futures posted $2.30 to $3.12 losses at the close on Tuesday. Preliminary open interest was up 2,460 contracts. Cash action was mostly compiling show lists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. The Tuesday morning Fed Cattle Exchange online auction showed no bids on the 1,064 head offered.” The Hightower Report said, “Daily charts on live cattle show a potential ominous head and shoulders top formation but prices will need to close below the June lows at 201.70 on August to confirm.”