Cattle futures drop as US reopens to Mexican imports - CME Hog prices slip on profit taking, seasonal market decline2 July 2025 2 July 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures fell on Tuesday, led by sharp declines in feeder cattle values after the US Department of Agriculture (USDA) announced a gradual restart of Mexican livestock imports following a prolonged closure over the damaging pest screwworm, Reuters reported, citing analysts. Signs that beef prices may be topping out after climbing recently to levels not seen since the COVID-19 pandemic also weighed on futures. CME August live cattle ended 3.125 cents lower at 210.750 cents per pound and August feeder cattle futures finished the day down 4.650 cents at 306.025 cents per pound. CME lean hog futures were mostly lower on Tuesday, pressured by profit taking and long liquidation by funds as cash hog and pork markets were poised for a seasonal decline following recent gains. Cash pork values continued to soften on Tuesday, with sharp declines in prices for loins, bellies, butts and ribs.