Cattle futures rise on tight supply, strong beef prices - CME Traders eye USDA export data as boxed beef nears 5-year high5 June 2025 5 June 2025 1 minute read 1 minute read By: By: Global Ag Media North AmericaLive cattle futures on the Chicago Mercantile Exchange (CME) settled higher on Wednesday but stayed inside of the previous day's trading range, underpinned by tight cattle supplies, firm cash markets and strong wholesale beef prices, reported Reuters. CME August live cattle futures settled up 2.600 cents at 212.350 cents per pound but stayed below a three-week top set a day earlier. CME August feeder cattle ended up 2.650 cents at 303.875 cents per pound. Lean hog futures closed mostly higher with most-active July hogs up 0.450 cent to settle at 105.025 cents. Market players await the USDA's weekly export sales report due on Thursday for a gauge of export demand for US beef and pork.