Over the last two months, by-product values for steers, cows, and hogs have been trending generally lower, according to the Livestock Marketing Information Center (LMIC).
The steer hide and offal value started off 2023 around $14.00/cwt. and moved below $13.00/cwt. by the end of June. In July, the steer hide and offal value began to trend higher, reaching about $13.70/cwt. by late-September. LMIC says the value has moderated lower over the last two months. During the second week of December, steer hide and offal value was $11.89/cwt., down $2.43/cwt., or 17%, from the same week last year….
