Hog futures recover after hitting two-week low - CME Cattle futures firm as labour deal at Cargill plant lifts outlook3 August 2026 3 August 2026 1 minute read 1 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures firmed on Friday after a selloff 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. The USDA halted imports more than a year ago to keep out the flesh-eating livestock pest New World screwworm, tightening US cattle supplies and helping to drive beef prices to record highs. CME October hogs ended up 1.50 cents at 84.850 cents per pound. CME August feeder cattle futures settled up 1.550 cents at 348.025 cents per pound, and CME August live cattle ended 0.525 cents up at 231.750 cents per pound. Boxed beef prices turned higher, with choice cuts gaining $0.88 to $361.38 per cwt, USDA reported Friday afternoon.