Live Cattle futures surged to new contract closing highs in Tuesday's trade, with the June contract gaining 4.55 to reach 253.50. Deferred contracts also gained ground alongside August Feeder Cattle futures, which finished 4.80 higher at 373.07. Conversely, Lean Hog futures experienced a weaker tone across the board as the June contract limited price drops to settle at 101.97. Market optimism in cattle was partly fueled by midday rumors of 252 bids in Texas, despite the USDA reporting a steady five-area average price of 246.18 for live steers. Boxed beef saw a slightly softer morning report, with choice cuts declining 38 cents. Meanwhile, CVOL for both Live Cattle futures and Feeder Cattle futures softened, with feeder cattle volatility dropping to 16.37%, marking its lowest level since last July.