Cattle futures climb on tight supply, strong beef demand - CME Lean hogs edge higher as pork prices ease19 June 2025 19 June 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures rose on Wednesday, but stayed bellow all-time highs set last week, while tight US cattle supplies and rising beef prices continued to underpin the market ahead of a US holiday, Reuters reported, citing traders. Benchmark CME August live cattle futures settled up 1.025 cents at 211.675 cents per pound. CME August feeder cattle futures ended Wednesday up 0.825 cent at 304.175 cents per pound. Wholesale beef prices continue to climb. But commodity funds already have a massive net long position in CME live cattle futures, a factor that has muted rallies this week and left the market vulnerable to profit-taking sell-offs.