Beef futures climb on tight supply, strong demand - CME Hog prices dip slightly despite modest futures rebound25 August 2025 25 August 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures closed higher on Friday as a tight supply of cattle, higher boxed beef prices and resilient consumer demand for beef propelled futures higher, Reuters reported, citing analysts. CME October live cattle futures rose 3.15 cents to settle at 237.875 cents per pound. A historically low supply of cattle, which has been further constrained by the closure of the US-Mexico border to feeder cattle imports, has fuelled a rally in cattle futures. Though beef prices have surged to near-record highs, consumer demand has remained resilient, with increased retail demand ahead of the US Labor Day holiday also supporting prices. Lean hog futures ended slightly lower as CME October lean hogs rose 1.275 cents to settle at 91.2 cents per pound.