A study was conducted to evaluate the effect of age and breeds (Arsi, Borana, HF-Cross and Harar) on carcass and meat characteristics of bulls finished under similar feeding conditions. The feeding experiment was conducted for 90 days at Beef farm of Haramaya University. In this experiment, 24 bulls were fed with roughage (60%) which contained grass hay and wheat straw and concentrate (40%) which contained wheat bran, noug (gucia abysica) cake, maize grain, limestone, salt and ruminant premix. The bulls were transported to Bishoftu ELFORA export abattoir for slaughter following the procedure of the abattoir. The result of the study revealed that the average slaughter weight, hot carcass weight, cold carcass weight, shrink loss, commercial dressing and true dressing percentage were 179.1 kg, 86.8 kg, 82.7 kg 4.7%, 48.8% and 78.3%, respectively. Total edible and nonedible offal were significantly (P < 0.01) influenced by breed and age. Pelvic fat was significantly (P < 0.01) influenced by breeds. Meat yield percentages of Arsi, Boran, Harar, and HF-crossbred were 78.1%, 77%, 72.8% and 77.2% respectively. Meat yield was predicted from fat thickness and ribeye area with 61% accuracy. Arsi bulls attained the highest (78%) meat yield at early age but decreased by 0.713 rate as age of animals advanced by one digit whereas the meat yield from other breeds showed increment in meat yield percentage with the rate of 1.98, 1.1 and 0.1 for cross, Borana and Harar breed bulls, respectively as age advanced.