Cattle futures hit highs on tight supply, strong demand - CME Hog prices dip as pork markets lose upward momentum14 July 2025 14 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live cattle futures touched contract highs on Friday on sizzling cash prices, while feeder cattle extended steep gains, Reuters reported, citing traders. Futures surged this week as consumer demand for beef has remained solid while tight US cattle supplies are reducing production and driving up prices. CME August live cattle futures reached a contract high of 223.275 cents per pound before closing up 2.975 cents at 222.2 cents per pound. August feeder cattle ended 4.05 cents higher at 325.325 cents per pound, up 5% for the week. US wholesale boxed beef prices dropped for a third day.