Beef futures climb on tight supply, record prices - CME Hog market steadies ahead of expected fall slaughter rise19 August 2025 19 August 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures continued a rally on Monday as traders reckoned with near-record high wholesale beef prices and a tight supply of cattle as calf imports from Mexico remained closed, reported Reuters. CME October live cattle futures ended 0.525 cents higher at 231.175 cents per pound. Soaring wholesale beef prices kept cattle futures well supported as meatpackers cut back on slaughter rates to help protect margins from further losses. Lean hog futures also rose as traders awaited a seasonal rise in hog slaughter to begin. CME October lean hogs gained 0.025 cents to settle at 90.125 cents per pound.