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Chicago | Reuters --
Chicago Mercantile Exchange live cattle futures gained on Wednesday, helped by short-covering and bargain hunting after recent market losses, traders said.
But expectations of softer market-ready, or cash, cattle prices by Friday, and subsequent increased supplies, tempered market advances, traders said.
"Futures is an anticipatory market. It is already anticipating cash is going to go lower," said Larry Hicks, president of CattleHedging.com.
On Tuesday, a…[Read more]