# By-Product Value and Importance to Fat Cattle Prices

> USDA's February 23 estimate put the hide and offal value of a typical slaughter steer at $9.71 per live hundredweight, the highest since May 2018. Japan and Mexico are the leading buyers of US variety meats, importing $369 million and $228 million in 2020.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48247-by-product-value-and-importance-to-fat-cattle-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher by-product values add to the carcass value of fed cattle, supporting the cattle price floor. Variety meat exports depend on Asian and Mexican demand.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- beefmagazine.com: https://www.beefmagazine.com/cattle-pricing/by-product-value-and-importance-to-fat-cattle-prices

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