Cattle futures hit record highs on tight supply reports - CME Hog market mixed as cutout values slip, futures steady29 July 2025 29 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live cattle and feeder cattle futures set life-of-contract highs on Monday, buoyed by a pair of US government reports released late Friday that underscored historically tight US cattle supplies, Reuters reported, citing brokers. CME August live cattle futures settled up 1.400 cents on Monday at 227.875 cents per pound after hitting a contract high at 228.850 cents, and most-active October cattle rose 1.625 cents to finish at 224.775 cents per pound. CME August feeder cattle futures settled up 2.150 cents at 333.525 cents per pound after notching a contract high at 335.975 cents. Friday's two USDA reports, Oklahoma State University livestock marketing specialist Derrell Peel said in a weekly note, "do not indicate significant heifer retention. CME hog futures closed mostly higher on Monday but the front August lean hog contract settled down 0.175 cents at 108.525 cents per pound.