Some light cash cattle trade did develop, and prices were mostly steady in the South to $1.00 lower in the North. LIVE CATTLE: After a large rally over the last three weeks, with the spot June live cattle contract rallying $12.82 as of this afternoon’s close in the last 15 days, the market is at a tipping point. Either trades need to see more fundamental support to justify allowing the contracts to trade higher, or there’s a chance that the …