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An NDSU extension economist explains that beef byproducts such as hides, tallow, offal and meat and bone meal contribute significantly to cattle values. Export demand is especially important because US byproduct output is large relative to domestic demand.
Strong export demand for beef byproducts supports cattle carcass value, while weak exports would pressure live cattle prices.
drovers.comNov 20, 2020Not 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.
