Two experiments with a randomized complete block design were conducted to determine the effects of phase feeding of CP on performance, blood urea nitrogen (BUN), manure N:P ratio, and carcass characteristics of steers fed in a feedlot. In Exp. 1, 45 crossbred steers (initial BW = 423 +/- 3.3 kg) were individually fed a diet formulated to contain 13.0% CP (DM basis) for 62 d. On d 63, the dietary CP was maintained at 13.0% or formulated to contain 11.5 or 10.0% CP until slaughter. Actual CP values were 12.8, 11.8, and 9.9%, respectively. Reducing the CP concentration of the diet did not affect ADG of steers from d 62 to 109 (P = 0.54) or over the 109-d feeding period (1.45, 1.50, and 1.49 kg/d for 13.0, 11.5, and 10.0% CP, respectively; P = 0.85). No differences (P > 0.12) among treatments were detected for BUN concentrations on d 0, 62, or 109. Gain:feed, DMI, and carcass characteristics did not differ among treatments (P > 0.10). In Exp. 2, 2 trials were conducted using 184 (initial BW = 406 +/- 2.6 kg) and 162 (initial BW = 342 +/- 1.9 kg) crossbred steers. Data from the 2 trials were pooled for statistical analysis, and trial effect was added to the statistical model. Steers were fed a diet formulated to contain 13.0% CP until reaching approximately 477 kg. When the average BW of the pen was 477 kg, diets were maintained at 13.0% CP or reduced to contain 11.5 or 10.0% CP. Actual CP values were 12.4, 11.5, and 9.3% CP for treatments 13.0, 11.5, and 10.0% CP, respectively. Reducing the CP content of the diet did not affect ADG after the diet changed (P = 0.16) or throughout the finishing period (P = 0.14). Immediately before slaughter, steers fed the 13.0% CP diet had greater (P < 0.001) BUN concentrations than steers fed the 11.5 and 10.0% CP diets. Carcasses from cattle fed the 11.5% CP diet had greater (P = 0.02) fat thickness than the 13.0 and 10.0% CP treatments, whereas carcasses from cattle fed 13.0% CP had greater (P = 0.004) marbling scores than steers fed the 11.5 or 10.0% CP diets. Other carcass characteristics, DMI, and G:F did not differ (P > 0.10) among treatments. The N:P ratio was increased with the 10.0% CP diet (P = 0.02) compared with the 11.5 or 13.5% CP treatments; however, manure composition did not differ (P > 0.10) among treatments. These results indicate that reduced CP concentration during the finishing period does not affect feedlot performance but can improve the N and P relationship in the manure.