# Cattle Current Podcast—Nov. 9, 2020 – Cattle Current Market Update

> Negotiated cash fed steer prices were $1 to $6 higher in several regions in the week to Nov. 6, around $107/cwt live, but still well below a year earlier. Year-to-date cattle slaughter was 3.73% below last year and beef production 1.11% lower. Futures closed mixed with Live Cattle slightly higher.

- Date: 2020-11-07 · published 2020-11-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50285-cattle-current-podcast-nov-9-2020-cattle-current-market-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower year-to-date slaughter and beef output support cattle prices, though the weekly moves are routine and the market impact on feed demand is modest.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bullish ▲

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-podcast-nov-9-2020/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.