USDA Daily Cattle Slaughter; Live Cattle Futures Erase Gains

Tuesday's USDA cattle slaughter was 115,000 head versus 111,000 head a year ago. April live cattle is trading at 115.30, up 0.37 cents/lb. June live cattle is trading at 105.92, up 0.55 cents/lb. August live cattle is trading at 101.85, up 0.50 cents/lb. Some late session selling erased a good portion of the session gains.