# Weak hide values impacting cattle prices

> Beef byproduct values have fallen from about $10.70/cwt in early 2018 to $8.88/cwt for the week of July 26, 2019. Byproducts have averaged 7.2% of fed cattle prices so far in 2019, below the roughly 10% long-run average.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58242-weak-hide-values-impacting-cattle-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Weaker drop credit lowers the total value of a fed steer, which pressures live cattle prices and feeder cattle values. Hide weakness is a sign of softer economic conditions.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/weak-hide-values-reducing-cattle-prices

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