Hog prices slump as China's pork glut deepens - CME

Oct 13, 2025

All Chicago Mercantile Exchange (CME) feeder cattle futures and most live cattle futures hit contract highs on Friday on tight supplies linked to the US suspension of Mexican imports due to the spread of screwworm south of the border, reported Reuters.

Live cattle followed feeders higher, posting new contract highs in deferred contract months, although gains were limited by weaker cash beef prices and poor packer margins.

The wholesale choice boxed beef cutout turned higher on Friday afternoon, rising by 35 cents to $365.57 per hundredweight, according to US Department of Agriculture data. The select cutout rose $2.06 to $346.39 per cwt.

"The question is will consumers keep buying beef at these levels. It's the same story, but prices are higher today than it was a year ago, and higher than it was six months ago," said Don Roose, president of US Commodities.

CME December live cattle rose 2.625 cents to end at 242.525 cents per pound. Benchmark CME November feeder cattle settled 1.85 cents higher at 374.05 cents per pound.

Beef export concerns also restrained gains in live cattle following data showing record Brazilian beef shipments to China, the fourth-largest importer of US beef last year. China has halted most US agricultural imports amid trade tensions with Washington.

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Video: 2026 T.K. Cheung Lecture in Animal Science - Dan Weary

T.K. Cheung Lecture in Animal Science: "Using science to assess and improve the welfare of dairy cattle"

Dan Weary is a Professor at the University of British Columbia. Dan did his BSc and MSc at McGill and Doctorate at Oxford before co-founding UBC’s Animal Welfare Program where he now co-directs this active research group. His research focuses on understanding the perspectives of animals and applying these insights to develop methods of assessing animal welfare and improving the lives of animals. His work has helped drive changes in practices (including the adoption of higher milk rations for calves and pain management for disbudding) and housing methods (including the adoption of social housing for pre-weaned calves). He also studies cow comfort and lameness, social interactions among cows, and interactions between cows, human handlers and technologies like automated millking systems that are increasingly used on farms. His presentation will outline key questions in cattle welfare, highlight recent UBC research addressing them, and showcase innovative methods for improving the lives of cattle and their caretakers.