Beef prices surge as cattle futures jump on supply fears - CME Hog futures rebound but gains capped by supply outlook18 August 2025 18 August 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures rallied on Friday on soaring beef prices and tight supplies of cattle as imports from Mexico remain suspended due to the spread of New World screwworm south of the border, reported Reuters. CME October live cattle futures ended 3.825 cents higher at 230.650 cents per pound after rising to within 0.975 cent of a contract high posted last week. September feeder cattle jumped 6.325 cents to 347.350 cents per pound. Soaring wholesale beef prices kept cattle futures well supported. Lean hog futures followed cattle markets higher on Friday after sinking to a two-week low in the prior session, although gains were held in check by expectations for rising supplies.