Byproduct values decline in recent months
Beef magazine
The byproduct value is basically the total value of all the non-meat items collected from an animal after harvest such as liver, tallow, and hides. The values of these non-meat items are a vital aspect not only to beef packer margins, but cattle prices as well. Byproduct values are highly dependant on foreign markets, which have deteriorated dramatically since last summer.
The Beef Blog 