# Kentucky Beef Cattle Market Update for November 1 | Ohio BEEF Cattle Letter

> Kentucky fed cattle prices slipped in October, a counter-seasonal move, while spring CME live cattle futures dropped sharply. Feeder prices in the state fell in the last weeks of the month, with 850-pound steers in the low-to-mid $120s per cwt. Rising corn prices also weighed on feeder markets by raising winter feed costs.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50308-kentucky-beef-cattle-market-update-for-november-1-ohio-beef-cattle-letter
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower live cattle futures and rising corn costs squeeze feeder margins and reduce the bids cattle feeders can offer for feeder animals. Feed buyers face higher corn costs that support feed prices.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- u.osu.edu: https://u.osu.edu/beef/2020/11/04/kentucky-beef-cattle-market-update-for-november-1/

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