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Oklahoma State extension specialist Derrell Peel explains that steer byproduct values averaged $11.77/cwt liveweight over fifteen years, about 9.5% of fed steer value. Byproducts include edible offals, meat and bone meal, tallow, and hides.
The article is a primer rather than a market event.
Byproduct values cushion total carcass value, so shifts in meat and bone meal or tallow prices can influence cattle and rendered protein economics.
wlj.netWLJ contributing editorMar 8, 2024Not enough comparable past events yet for a historical read.
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.
