Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
Beef cattle

U.S. cattle ranchers slowly start to rebuild decimated herd
Meatpackers want larger herds to bring down cattle prices from record highs
In major U.S. livestock regions, some ranchers have slowly begun taking the first steps to boost cattle production after the nation’s inventory shrank due to a years-long drought that dried up pasture land used for grazing and hiked feeding costs.

Manitoba Crop Report: Dry conditions across province
Despite dryness, crops still in good shape
Much of Manitoba saw dry conditions during the week ended Aug. 4, 2025. However, crop conditions were still in good shape.

Efforts to control bovine tuberculosis focus on wildlife
Wildlife are a known reservoir for bovine tuberculosis, but elk are not the only threat to cattle herds
After an almost two-decade absence, bovine tuberculosis has made its return to Manitoba on a Pembina Valley dairy operation. The case was confirmed June 13.

U.S. livestock: Cattle futures hit new highs on resilient consumer demand
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.

Canadian Cattle Association focused on CUSMA review as trade talks with U.S. continue
As trade talks with the U.S. continue, the Canadian Cattle Association says it's pleased to see a focus on the upcoming review of the Canada-U.S.-Mexico trade agreement (CUSMA) while maintaining tariff-free access for CUSMA-compliant goods.

U.S. livestock: Cattle futures surge, hogs up
Chicago cattle futures surged on Tuesday to sit just under highs. Hog contracts also made gains.

Klassen: Feeder market in price discovery mode
For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define. The market appears to be in price discovery mode for the grass yearling market.

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse
Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday from a steep drop during the previous session.

U.S. livestock: Cattle futures retreat from record highs
Chicago Mercantile Exchange live cattle and feeder cattle futures plunged on Thursday in a setback from record highs.