# Cattle Current Weekly Highlights—Week ending Oct. 16, 2020 – Cattle Current Market Update

> For the week ending October 16, 2020, steers and heifers sold steady to $3 per cwt lower as wholesale beef values weakened. Feeder cattle futures fell an average of $6.35 for the week, and resurgent grain prices added to the pressure. Drought and an early Arctic blast affected the Plains.

- Date: 2020-10-18 · published 2020-10-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8111-cattle-current-weekly-highlights-week-ending-oct-16-2020-cattle-current-market
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weaker wholesale beef and rising grain prices squeeze cattle feeding margins, which can slow placements and reduce demand for feed.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-10-18 | 1 | -2.5% | -4.2 | Weekly recap for the week ending Oct 16 shows feeder futures down an average of $6.35 on weaker wholesale beef and resurgent grain prices (input cost), directly matching the sharp selloff. |
| LCATTLE | 2020-10-18 | 1 | -1.5% | -3.0 | The weekly summary for the week ending Oct 16 shows cash cattle steady to $3 lower, weaker wholesale beef, and resurgent grain prices raising feed costs, which pressured futures. |
| LCATTLE | 2020-10-19 | 1 | -1.8% | -4.0 | Prior-week weakness in cash cattle and wholesale beef plus rising grain prices and a $6 feeder decline set up bearish momentum carried into Oct 19. |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-weekly-highlights-week-ending-oct-16-2020/

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