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14 July 2025<\/p>\nCattle futures hit highs on tight supply, strong demand\n <\/p>\n
14 July 2025<\/p>\n
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\n 2 minute read<\/p>\n
Chicago Mercantile Exchange (CME) live cattle futures touched contract highs on Friday on sizzling cash prices, while feeder cattle extended steep gains, Reuters reported<\/a>, citing traders.<\/p>\n Futures surged this week as consumer demand for beef has remained solid while tight US cattle supplies are reducing production and driving up prices.<\/p>\n CME August live cattle futures reached a contract high of 223.275 cents per pound before closing up 2.975 cents at 222.2 cents per pound. That was up 3.8% for the week.<\/p>\n August feeder cattle ended 4.05 cents higher at 325.325 cents per pound, up 5% for the week. Front-month contracts repeatedly set records this week on a continuation chart.<\/p>\n Cattle traded in the cash market for about $240 per hundredweight in Nebraska, an analyst said. That would be up as much as about $8 from last week.<\/p>\n The sharp increase came after some traders last week were expecting cash prices to be steady or even lower this week due to waning beef demand following the July 4 holiday, when many consumers grill steaks and hamburgers. <\/p>\n The US Department of Agriculture (USDA) also said last week that it would restart cattle imports from Mexico on Monday at a port of entry in Douglas, Arizona, as part of a phased reopening of the border it closed to livestock shipments in May.<\/p>\n