Cattle futures surge to record highs on Mexican import ban - CME Hog markets buoyed by US-China tariff truce14 May 2025 14 May 2025 2 minute read 2 minute read By: By: Global Ag Media North America AsiaChicago Mercantile Exchange (CME) live cattle and feeder cattle futures settled near contract highs on Tuesday that were struck during the previous session when a halt to imports of Mexican cattle sent Chicago cattle futures sky-rocketing, Reuters reported, citing traders said. All cattle futures hit lifetime highs on Monday after Washington suspended cattle imports from Mexico over an outbreak of New World screwworm in Mexican cattle, a move that Mexican President Claudia Sheinbaum denounced as unfair. The suspension of cattle imports from Mexico will further constrain an already-tight US cattle supply. CME August live cattle futures LCQ25 settled 0.025 cent higher to 211.625 cents per pound. Back-month feeder and live cattle futures contracts hit lifetime highs, but technical resistance kept front-month contracts from further rallying.