# Cattle, hog by-product values trending lower

> According to LMIC, steer hide and offal values and cow by-product values have trended lower over the last two months. Cow by-product value fell to $12.54/cwt in the second week of December, with bonemeal down 43% since early October to $376/cwt. Hog by-product values were relatively flat from April through September.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32840-cattle-hog-by-product-values-trending-lower
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Lower bonemeal values point to weaker meat and bone meal pricing, which affects the cost of rendered protein in feed. The decline is a continuing trend rather than a new shock, so the effect on feed prices is modest.

## Read by commodity

- MBM: bearish ▼

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/cattle-hog-by-product-values-trending-lower

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