Live cattle rallied out of the weekend with triple digit gains of as much as $2.20. The Feb contract printed a $3.28 range on the day before closing ~$1 off the high. Feeder cattle also ended the first trade day of the week with triple digit gains. After rallying back from initial Monday weakness, the March contract closed 40 cents off the daily high with a $2.52 gain. USDA had no cash activity to report on Monday. The bulk of sales last week was near $171. The CME Feeder Cattle Index weakened another $1.67 to $218.37 on 12/08. USDA’s PM Boxed Beef report had Choice back up by $2.42 and Select…