It is one of two items that can be obtained by killing and skinning a cow. It can be sold to merchants and is considered a medium value item.
Note: prices listed on this page are based upon the player having neutral honor and playing the game on Normal difficulty. If the player has high honor, the selling price will be Increased by 50% everywhere except Thieves' Landing. Low Honor decreases selling price by 50% everywhere except Thieves' Landing. While playing the game on Hardcore difficulty, money is more scarce and the base, neutral honor price of each item will be slightly lower.
Note: Killing a domesticated animal is considered a crime. If a civilian catches the player in the act, they will either try to shoot the player to death or report them to the local law enforcement.