Beef futures soar on tight supply, Brazil trade doubts - CME Pork prices climb as cutout values strengthen22 July 2025 22 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures reached new life of contract highs on Monday on firm US cash prices and expectations of fewer imports available from Brazil, Reuters reported, citing analysts. Brazil is a major exporter of beef to the U.S.CME August live cattle futures LCQ25 reached a contract high of 225.550 cents per pound before rising 1.675 cents to 225.225 cents per pound. CME August feeder cattle futures FCQ25 reached a contract high of 328.175 cents per pound before rising 3.600 cents to close at 327.600 cents per pound. Wholesale boxed beef prices fell on Monday afternoon, with choice cuts falling $1.48 to $327.07 and select cuts declining $1.44 to $350.05, according to U.S. Department of Agriculture data. CME August lean hog futures LHQ25 ended up 0.875 cent at 107.350 cents per pound.