Cattle futures hit record highs on tight US supply - CME Hog futures drop on fund sell-off, weaker pork prices30 July 2025 30 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live cattle futures rose to life-of-contract highs on Tuesday as tight supplies, firm cash cattle markets and resilient consumer beef demand continued to lend support, Reuters reported, citing brokers. CME August live cattle futures settled up 1.850 cents at 229.725 cents per pound after posting a contract-high of 229.900 cents, which was also the highest-ever price on a continuous chart of the front cattle futures contract. CME feeder cattle futures set contract-highs across the board, with benchmark September settling up 2.525 cents at 337.075 cents per pound after reaching 337.575 cents. "Open interest (in CME cattle futures) is increasing, and it tells me that the funds are piling back into cattle on the long side." Commodity funds hold a sizable net long position in CME lean hog futures, leaving the market prone to bouts of long liquidation.