Cattle & Hog By-Product Values Highest in Six Years
By Greg Henderson, Drovers
September 2, 2021
Steer, cow and hog by-product values have each reached their highest level in nearly six years. Year-to-date steer hide and offal value has increased $6.01 per cwt. (65.8%) to $15.14 last week.
That value is nearly double what it was a year ago, and 43.5% higher than the five-year average, according to the Livestock Marketing Information Center (LMIC), Denver. The last time the steer hide and offal values reached a higher level was during 2014 and into January 2015. Steer, cow and hog by-product values are reported by USDA in the Weekly National Carlot Meat Report.
Since the beginning of this year the strength in the steer hide and offal value has been supported by cheek meat which has gained about $60 per cwt. (29.5%) and tripe (scalded, edible) has risen $66 (74.2%), according to LMIC. Edible tallow has nearly doubled reaching $72.75 per cwt., while tongues have more than doubled to $900 per cwt...