I've read a few guides outlining how to setup a local YUM repo, but none of them explicitly stated an answer to my question; If I set up a local YUM repo, does that mean that any CentOS servers which pull from said repo will never be "ahead" of the local YUM repo?

I want to ensure a consistent package distribution across all my servers. Right now, when I do a yum update, even on a daily basis, the servers can be out of alignment. For example if I run YUM update on my dev server in the morning, then run YUM update on one of my production servers in the afternoon, the production server may have picked up a new version of a package that the dev server did not pick up, due to the time window between the update commands.

Rather, I'd prefer that I run yum update from my dev server which has access to remote upstream yum repos, then let it sit for 2 weeks, after which I run yum update on my production servers against the local repo on my dev server.