Beef futures climb on boxed beef gains - CME Hog futures rise despite USDA supply increase30 June 2025 30 June 2025 1 minute read 1 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures ended higher on Friday under support from stronger wholesale boxed beef prices and buying interest, though concerns over waning consumer demand for beef continued to linger over the market, Reuters reported, citing analysts. CME August live cattle settled 4.1 cents higher to 213.3 cents per pound. The choice boxed beef cutout value rose $1.44 to $396.49 per cwt and select cuts rose $3.19 to $382.93 per cwt. "Cash trade might have topped out but wholesale beef keeps pulling higher," Rich Nelson, chief strategist at Allendale, said. CME lean hog futures ended higher, with actively traded August hogs settling up 0.025 cent to 110.275 cents per pound.