Cattle futures hit record highs on tight US supplies - CME Pork rebounds as China cuts herd, boosting US export hopes24 July 2025 24 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, reported Reuters, citing market analysts. Meanwhile, CME hog futures rebounded off Tuesday's dip, as USDA data showed wholesale carcass prices steadied and wholesale belly prices firmed. CME August lean hog futures ended up 0.725 cent at 108.475 cents per pound, while most-active October ended up 0.400 cent at 90.900 cents per pound. CME August live cattle futures settled up 2.050 cents at 227.025 cents per pound on Wednesday, while most-active October live cattle futures ended up 2.375 cents at 223.500 cents per pound. CME August feeder cattle futures ended 3.250 cents higher at 331.525 cents per pound.