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The USDA's AMS reported a typical slaughter steer's hide and offal value at $9.71 per live hundredweight on Feb. 23, 2021, or about $135.94 for a 1,400-pound steer.
That value has risen recently to a level last seen in May 2018. Japan and Mexico are the leading importers of US variety meats.
Higher byproduct values add to the carcass value of fed cattle, supporting packer willingness to pay for live cattle. Strong export demand for tongue and tripe reinforces that support.
agproud.comBrenda BoetelFeb 26, 2021Not 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.
