Archive · 22 Jul 2026
CME Feeder Cattle Futures Drop on Hot Weather
Feeder cattle futures dropped on the Chicago Mercantile Exchange on Tuesday because it's very hot, and grain prices went up.
This made buyers less willing to put cattle on feed lots.
The price of soybeans went down a bit, but corn prices went up slightly.
Live cattle futures had mixed results, with some going up and others going down.
Beef prices also dropped a little.
Meat packers lost money but not as much as the day before.
Hog prices went up a tiny bit, and the price of pork carcasses also increased.
Feeder cattle futures dropped on the Chicago Mercantile Exchange due to hot weather and rising grain prices.
CME August feeder cattle futures fell 2.45 cents to finish at 349.55 cents per pound.
Soybeans fell 3-1/2 cents to end at $12.22-3/4 per bushel, while corn futures rose 2-1/4 cents to $4.75-1/4 per bushel.
Live cattle futures had mixed results, with CME August live cattle futures settling 0.20 cent higher and October live cattle futures ending down 0.075 cent.
Boxed beef prices dipped, with choice cuts losing $3.19 to $366.91 per cwt and select cuts falling $1.22 to $354.23 per cwt.
- Who
- CME, USDA, Karl Setzer, Consus Ag Consulting, HedgersEdge.com
- What
- Feeder cattle futures dropped on the Chicago Mercantile Exchange due to hot weather and rising grain prices.
- When
- July 21
- Where
- Chicago Mercantile Exchange, Chicago Board of Trade
- Why
- Hot weather and rising grain prices reduced buyer willingness to place cattle on feed lots.
Market Analysts
Grain Prices
Impact of Weather on Market
Market Analysts
Analysts note that hot weather reduces buyer willingness to place cattle on feed lots.
Grain Prices
Rising grain prices also contribute to the slump in feeder cattle futures.
- CME August Feeder Cattle Futures
- 349.55 cents per pound
- CME Feeder Cattle Index Price
- $356.22
- Soybeans Price
- $12.22-3/4 per bushel
- Corn Futures Price
- $4.75-1/4 per bushel
- CME August Live Cattle Futures
- 0.20 cent higher
- October Live Cattle Futures
- 223.225 cents per pound
- Boxed Beef Prices (Choice Cuts)
- $366.91 per cwt
- Boxed Beef Prices (Select Cuts)
- $354.23 per cwt
- Meat Packers' Loss per Head
- $217.65
- CME October Hogs
- 88.125 cents per pound
- CME Lean Hog Index
- $96.16
- USDA Pork Carcass Cutout
- $104.82 per cwt