Archive · 19 Nov 2025
CME Cattle & Hog Futures Slump Ahead of Inventory Data
Farmers and traders are waiting for a USDA report to see how many cattle are in feedlots.
Meanwhile, cattle and hog futures went down because there's a lot of meat available.
President Trump's changes to tariffs might bring more beef into the US.
CME live cattle and feeder cattle futures fell on Tuesday
Traders await USDA's Cattle on Feed report
Lean hog futures hit seven-month low
US President Trump's tariff reductions may boost beef imports
Hog supplies are ample, driving down futures
- Who
- CME traders, USDA, President Trump
- What
- Cattle and hog futures fell
- When
- Tuesday, November 18
- Where
- Chicago Mercantile Exchange
- Why
- Waiting for USDA report, ample meat supplies, tariff changes
Bullish on Cattle
Bearish on Hogs
Cattle Inventory
Bullish on Cattle
Some traders expect lower cattle numbers, which could boost prices
Bearish on Hogs
Other traders await confirmation in the USDA report
- Cattle on Feed Report Date
- Friday, November 22
- Estimated Nov 1 Cattle Inventory Change
- Down 2.2%
- Feb Live Cattle Futures Close
- 220.85 cents/lb
- Jan Feeder Cattle Futures Close
- 326.050 cents/lb
- Feb Lean Hogs Futures Close
- 78.025 cents/lb