Over 2 yr, 45 Angus-sired steer offspring of Angus and Angus crossbred females were used to determine the effects of early weaning on feedlot performance, carcass characteristics, and economic return to the cow-calf enterprise. Steers were assigned by birth date to one of two weaning treatments: 1) weaned at an average age of 100 d (early weaned) or 2) weaned at an average age of 200 d (normally weaned). Within 36 d of weaning, steers were given ad libitum access to a high-concentrate diet (90% dry, wholeshelled corn). Steers were harvested when 12th-rib fat thickness averaged 1.27 cm within treatment as estimated by ultrasound. Carcass measurements were taken 48 h postmortem and rib steak tenderness was determined at 14 d postmortem by Warner-Bratzler shear force. Early-weaned steers had greater ADG from time of early weaning to normal weaning than suckling normally weaned steers (1.27 vs. 0.86 kg/d, respectively; P < 0.001). However, early-weaned steers tended to have lower ADG for the entire finishing period than did normally weaned steers (1.33 vs. 1.39 kg/d, respectively; P = 0.08). Compared with normally weaned steers, early-weaned steers had lower daily DMI (7.40 vs. 5.95 kg/d, respectively; P < 0.001) and lower total DMI for the finishing period (1,618 vs 1,537 kg, respectively; P < 0.05). Early-weaned steers had greater gain:feed for the finishing period than normally weaned steers (0.223 vs 0.189, respectively; P < 0.001). Carcass weights were lighter for early-weaned steers than for normally weaned steers (277.9 vs. 311.2 kg, respectively; P < 0.001). There was no difference in yield grade (3.1 vs. 3.2; P < 0.10) between treatments. All carcasses graded Low-Choice or greater, and there was no difference in the percentage of carcasses grading Mid-Choice or greater (94.5 vs 83.9% for early- and normally-weaned, respectively; P > 0.10). Warner-Bratzler shear force values were similar between treatments. Early-weaned steers had a lower cost of gain than normally weaned steers ($ 0.82 vs. 0.91/kg, respectively; P < 0.001). However, due to lighter carcass weights, early-weaned steers generated less return to the cow-calf enterprise than normally weaned steers ($ 380.89 vs 480.08/steer; P < 0.001). The early weaning of steers at 100 d of age decreased total DMI, improved gain:feed, and lowered the cost of gain; however, return to the cow-calf enterprise was decreased due to lighter carcass weights.