# Cattle Current Podcast—Nov. 2, 2020 – Cattle Current Market Update

> Negotiated cash fed cattle prices were mainly steady to lower in the week ending October 30, with Nebraska live trades at $106 and five-area steer prices averaging $104.16 live, down $7.75 from a year earlier. Choice boxed beef rose 78 cents to $208.10, and weekly cattle slaughter of 638,000 head was 3.2% below the prior year.

- Date: 2020-10-31 · published 2020-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50759-cattle-current-podcast-nov-2-2020-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 slaughter and firm boxed beef support the carcass value, but year-over-year cash prices remain well below last year, keeping feedlot margins under pressure.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-podcast-nov-2-2020/

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