We present a numerical investigation of shot noise suppression in mesoscopic cavities and an intuitive semiclassical explanation of the behavior observed in the presence of an orthogonal magnetic field. In particular, we conclude that the decrease of shot noise for increasing magnetic field is the result of the interplay between the diameter of classical cyclotron orbits and the width of the apertures defining the cavity. Good agreement with published experimental results is obtained, without the need of introducing fitting parameters.