Cattle futures dip ahead of key USDA report - CME Traders book profits as import stoppage keeps prices high22 August 2025 22 August 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures fell on Thursday after rising for four consecutive sessions, as traders booked profits and squared positions ahead of the US Department of Agriculture's (USDA) monthly Cattle on Feed report due after the market's close on Friday, Reuters reported. CME October live cattle futures fell 0.125 cent to 234.725 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. The import stoppage has propelled cattle futures to new heights and helped keep beef prices high. Lean hog futures ended slightly lower as CME October lean hogs fell 0.025 cents to settle at 89.925 cents per pound.