Traders eye the cattle futures chart as boxed beef cutout values climb, signaling potential margin expansion for packers. Live cattle prices, now near $184.80, could attract speculative buying if supply chain bottlenecks persist. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Alternatively, trying to short this market poses a high-risk trade since it would be fighting a strong uptrend that has been defined by consistent technical support from the EMAs. Current CME cattle futures chart data reflects slight volatility, as August live cattle remain supported by firm cash trade around $186.