Beef futures hit record highs on tight US supply outlook - CME Hog prices rebound after sinking to one-month low8 July 2025 8 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) feeder cattle futures reached new highs on Monday, while live cattle finished stronger on concerns over limited US supplies, Reuters reported, citing analysts. Although Washington began to resume cattle imports from Mexico, inventories remain tight and demand for beef from consumers is solid, they said. CME August feeder cattle futures finished up 4.225 cents at 313.725 cents per pound. Futures prices looked low compared with cash prices that traded last week, a trader said. CME feeder cattle also got a boost from declining prices for corn used for livestock feed, analysts added.