Live cattle futures will trade with expanded limits of $10.75 on Tuesday after front-month contracts surged the $7.25 limit higher on Monday, with other contracts up $6.35 to $7.17. Feeder cattle futures also posted $9.25 limit gains, and open interest rose by 1,156 contracts. Last week’s cash trade was reported at $225 to $230 in the north and $230 to $232 in the south, while Monday activity was quiet. The CME Feeder Cattle Index fell $1.86 to $344.37 on November 6, and the weekly OKC feeder cattle auction saw feeders steady to $5 lower with steer calves down $5 to $10. President Trump posted after Friday’s close that he has asked the DOJ to investigate meat packers for illicit collusion and price manipulation, which the market viewed more favorably than previous posts.