Cattle futures rebound as Mexican import fears ease - CME Hog futures hit two-week low on demand weakness31 July 2026 31 July 2026 1 minute read 1 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures rebounded on Thursday after dropping earlier in the week on the US Department of Agriculture's announcement that it was lifting a ban on imports of Mexican cattle, reported Reuters. As the week wore on, the impact of the announcement weakened, with market players realizing it would take time for imports to trickle in. CME October hogs ended down 2.350 cents to finish at 83.350 cents per pound. CME August feeder cattle futures settled up 2.200 cents at 346.475 cents per pound, and CME August live cattle ended 3.325 cents up at 231.225 cents per pound. Boxed beef prices turned lower, with choice cuts falling $2.93 to $360.50 per cwt, USDA reported Thursday afternoon.