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Chicago | Reuters --
Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week's cash price surge, traders said.
February live cattle closed 0.75 cent/lb. higher at 121.025 cents, and April closed up 0.475 cent, to 119.875 cents (all figures US$).
Both contracts notched 10-month highs for a third day in a row.
On Thursday, slaughter-ready, or cash, cattle in the U.S. Plains traded at $122-$123/cwt, up from…[Read more]