Cattle futures rally on hints of tariff relief - CME Lean hog futures reach new highs24 April 2025 24 April 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live and feeder cattle futures climbed on Wednesday as investors hoped for de-escalation in the US- China trade conflict, reported Reuters. CME June live cattle futures reached life of contract highs and settled up 1.825 cents at 208.100 cents per pound and August feeder cattle futures ended 0.925 cent higher at 292.175 cents per pound. That factor, as well as a strong cash cattle trade, supported cattle futures on Wednesday, according to Doug Houghton, analyst at Brock Associates. Tight feeder cattle supplies continued to underpin the market, while weaker CBOT corn futures also offered support. Packers lost an estimated $134.10 per head of cattle, according to livestock marketing advisory service HedgersEdge.com, compared with losses of $77.75 per head a week ago.