Hog futures regular after rebound from current lows – CME

9 October 2025

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Chicago Mercantile Alternate (CME) feeder cattle futures scaled to a document excessive on Wednesday on sturdy money market costs and tight provides because the US border stays closed to Mexican imports as a result of northward unfold of the parasitic pest screwworm, reported Reuters. 

Reside cattle adopted feeders increased, supported by a rebound in wholesale beef costs and because the inventory market’s current climb to document highs fueled optimism that shopper demand for beef may stay resilient regardless of excessive costs.

“The yearling and spring calf gross sales have began, and it is good quantity and superb returns and superb costs,” stated Mike Zuzolo, president of World Commodity Analytics.

The sturdy money feeder gross sales bolstered market help from the tight provide of feeder cattle at the moment accessible.

“What pushed us over the sting was the up to date New World screwworm incident that occurred a few days in the past,” he stated.

The US border has remained largely closed to Mexican cattle imports since Might. Mexico’s agriculture ministry on Monday reported the newest case of screwworm in Nuevo Leon state, which borders america.

Benchmark CME November feeder cattle ended 4.575 cents increased at 368.825 cents per pound. The calmly traded spot October contract peaked at 370.200 cents per pound, the best stage on document for a front-month contract.

CME December reside cattle  rose 1.150 cents to finish at 238.825 cents per pound.

All feeder cattle contracts and all reside cattle contract from April 2026 and past posted lifetime highs.

The wholesale alternative boxed beef cutout continued to agency after hitting a two-month low late final week, rising 19 cents at midweek to $366.16 per hundredweight, in keeping with US Division of Agriculture knowledge. The choose cutout, nonetheless, was down $3.64 at $345.24 per cwt.

CME lean hog futures rebounded from earlier multi-week lows and completed close to unchanged, with December lean hogs closing down 0.075 cent at 86.100 cents per pound.