Tight supply lifts US cattle futures - CME
Hog futures end the day unchanged
23 June 2026
1 minute read
By: Chicago Mercantile Exchange (CME) cattle futures closed higher on Monday amid a volatile trade as the tight supply of cattle, confirmed by the previous week's Cattle on Feed report, kept focus on bullish fundamentals, Reuters reported, citing analysts.
CME benchmark August live cattle ended 0.725 cent higher at 247.35 cents per pound. CME August feeder cattle futures closed 3.825 cents higher at 370.425 cents per pound.
On Thursday after market trading ended, the US Department of Agriculture reported that the country had 2% more cattle in feedlots as of June 1 than a year earlier — slightly below analysts' expectations of a 2.5% increase.
The monthly Cattle on Feed report also showed that May placements of cattle into feedlots were down 10% from a year earlier - sharply lower than market estimates of a 5.5% drop. May marketings of fed cattle during May were 12% below the same time in 2025. Analysts had estimated May marketings would be down 10.6%.
There have been 15 confirmed cases of New World screwworm in the US as of Monday evening. The spread of the pest, which could pose a threat to the US cattle industry and further constrict cattle supply, provided underlying support for the market.
The US Department of Agriculture priced choice cuts of beef $1.69 higher at $396.06 per hundredweight. Select cuts rose $3.51 to $375.59 per hundredweight as of Monday evening.
The USDA priced pork carcasses at $96.08 per cwt, down 69 cents.
Most-active August hogs settled unchanged at 96.725 cents.
