{"id":43319,"date":"2025-07-28T19:18:12","date_gmt":"2025-07-28T19:18:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/43319\/"},"modified":"2025-07-28T19:18:12","modified_gmt":"2025-07-28T19:18:12","slug":"pork-markets-dip-amid-tariff-concerns-from-mexico-cme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/43319\/","title":{"rendered":"Pork markets dip amid tariff concerns from Mexico – CME"},"content":{"rendered":"

US cattle futures rise on record-low herd, tight supply\n <\/p>\n

\"calendar 28 July 2025<\/p>\n

\"clock
\n 2 minute read<\/p>\n

Chicago Mercantile Exchange (CME) cattle futures turned higher on Friday, as traders anticipated US government reports would show tight cattle supplies, reported Reuters<\/a>.\u00a0<\/p>\n

After the market closed, the US Department of Agriculture (USDA)\u00a0reported that the nation’s cattle herd was 94.2 million head as of July 1<\/a>, a record low for that date.<\/p>\n

In a separate report, USDA said that as of July 1, there were 2% fewer cattle in US\u00a0<\/a>feedlots<\/a> compared to a year earlier. Analysts had expected USDA to show 0.8% fewer cattle, according to a Reuters News poll<\/a>.<\/p>\n

Still, much of the market’s attention early in the trading session was focused on US President Donald Trump’s social media posts<\/a>, where he said the United States would sell “so much” beef to Australia after Canberra said it would relax import restrictions<\/a>. <\/p>\n

Almost immediately, economists, market analysts, and commodity traders interviewed by Reuters questioned Trump’s assertion.<\/p>\n

US beef prices set records this year after ranchers slashed their herds<\/a> due to drought that burned up pasturelands used for grazing.<\/p>\n

Now, a ban on cattle imports from Mexico<\/a> because of New World screwworm, a devastating livestock pest, and steep tariffs on Brazilian beef<\/a> that are set to take effect on August 1 could further tighten US meat supplies and require additional imports of Australian beef.<\/p>\n

“Are we going to be selling a bunch of beef to Australia right now? Absolutely not,” said Dan Norcini, an independent livestock trader. “The cattle numbers just aren’t there.”<\/p>\n

CME August live cattle futures settled up 0.675 cent at 226.475 cents per pound, while most-active October live cattle futures ended up 1 cent at 223.150 cents per pound.<\/p>\n

CME August feeder cattle futures ended 2.475 cents higher at 331.375 cents per pound. CME September, October and November feeder cattle futures set fresh contract highs during the session.<\/p>\n

Meanwhile, lean hog futures were mostly lower, as traders are growing concerned that top-buyer Mexico will roll out retaliatory tariffs on US pork next month, market analysts said. <\/p>\n

CME August lean hog futures ended up 0.500 cent at 108.700 cents per pound, while most-active October ended 0.500 cent lower at 90.600 cents per pound.<\/p>\n","protected":false},"excerpt":{"rendered":"US cattle futures rise on record-low herd, tight supply 28 July 2025 2 minute read Chicago Mercantile Exchange…\n","protected":false},"author":2,"featured_media":43320,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":{"0":"post-43319","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/43319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=43319"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/43319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/43320"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=43319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=43319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=43319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}