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An NDSU article explains that beef byproducts, including tallow, tongues, variety meats and meat and bone meal, contribute to cattle values. It notes that byproduct values fell 12.7% while beef exports fell 21.2% from record 2022 levels.
Byproduct values are part of the carcass value that supports cattle prices, so weaker export demand for byproducts is a modest headwind for cattle. This is background analysis rather than a new market event.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.