The livestock contracts closed mostly lower Tuesday afternoon as traders want to see greater fundamental support before pushing the contracts any higher. LIVE CATTLE: After seven straight days of a consecutive rally, the live cattle complex closed lower Tuesday afternoon as the market is feeling some technical exhaustion. April live cattle closed $0.17 higher at $248.20, June live cattle closed $1.22 lower at $245.80 and August live cattle closed $0.50 lower at $242.37. More than anything, traders didn’t want to …
