Also, bullish traders appeared to muster confidence on strengtheningwholesale beef demand, and after October and December lean hog's sudden sprintto fresh monthly tops.

However, beef futures initially succumbed to profit-taking pressure,especially after December and February inched their way upward to new contracthighs on Monday.

Also, August and October's bearish overbought Relative Strength Indexconditions, and overnight-Chicago Board of Trade corn's slight uptick, wasenough to sideline potential far-month live cattle buyers at the start.

Nevertheless, the board's initial pessimistic mood gave way to optimism afterAugust cleared Monday's 94.40-cent high on the way to a 5 1/2-month top.Spot-August received added support from the federal government's midday boxedbeef wire that showed choice and select cuts gained another $1.40 and $1.03,respectively.

"Fed cattle owners no doubt are beaming about future's performance onTuesday," a broker said. "But, there is still plenty of time, and anything canhappen between now and when cattle trade hands later this week."

Source: FXSTREET