Cattle futures extend rally on tight US supply - CME Hog prices climb as cash market stays firm despite drop in hams10 June 2025 10 June 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) cattle futures hit contract highs on Monday, extending Friday's strong close as tight US cattle supplies and firm cash markets continued to drive beef prices higher, Reuters reported, citing traders. CME August live cattle futures settled up 0.375 cent at 219.250 cents per pound after setting a contract high at 220.050 cents. Wholesale beef prices rose, with choice cuts priced at $367.25 per cwt on Monday afternoon, up $2.17 from Friday, according to US Department of Agriculture data. It all goes back to those tight cattle numbers that we have had for years," said Dan Norcini, an independent trader. CME July hogs settled up 0.100 cent at 107.200 cents per pound after setting a contract high at 107.650 cents.