Mississippi Cattlemen's Association May 4, 2015
 
 
 
 
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Cattle Market Notes
Dr. John Michael Riley
Week Ending May 1, 2015

Cash
Cash traded fed cattle finished the week slightly higher. The five-area fed steer price ended the week at $159.17 for live sales, and $253.90 for dressed; respectively, up $0.26 and $1.76. Cash trades in Texas were reported at $160 live, up about $2. Kansas trades were reported at $160 at the week’s end. Too few cattle sold in Nebraska and the Western Cornbelt to report prices.
Feeder steers and steer calves were steady, for the most part, this week in Mississippi auctions. Heifers were $10 higher, for calves, and $3 higher for feeders. Oklahoma City feeder steers were $2-$4 higher, feeder heifers were steady to $2 higher, and all calves were $2-$4 lower.

Futures
Live cattle futures ended the week slightly lower than last Friday’s close. The market shook off last week’s bearish report following Tuesday’s trade, but took a hit Wednesday in what has been considered a market adjustment. The week for live futures ended fairly steady. Feeder futures trended mildly higher during the week. The pressure on Wednesday from lower live cattle futures was further oppressed by higher corn prices, but sentiment in that market (corn) ended quickly on Thursday. On Friday, the early release of the University of Michigan/Thompson Reuters Consumer Sentiment reading for April came in at 95.9, the highest since 2007, and in-line with expectations.
Corn futures were sharply lower this week. The mid-summer, July, contract declined 34 cents per bushel versus last Friday. This typically the final contract for last year’s crop that is stored. The big new crop contract, December, was down 8 cents per bushel week-over-week.

Beef
Wholesale boxed beef prices were lower, while the spread continues to move seasonally higher. Choice boxes averaged $256.94, down $2.26. Select boxes ended the week with an average of $245.86, down $4.13.
 
 
 
 
FDA's Strategy on Antimicrobial Resistance
FDA is taking action to promote the judicious use of medically important antimicrobial drugs in food animals. The goal of the strategy is to work with industry to protect public health by releasing two documents to help phase out the use of medically important antimicrobials in food animals for production purposes (e.g., to enhance growth or improve feed efficiency), and to bring the therapeutic uses of such drugs (to treat, control, or prevent specific diseases) under the oversight of licensed veterinarians.
FDA has released a question and answer guidance page for more information click HERE.
 
 
 
 
 
MS Gelbvieh Field Day
The Mississippi Gelbvieh Association will host their annual Field Day May 16 at Smith Gelbvieh Farms in Morton, MS. A junior program will begin at 10 a.m. followed by lunch then an afternoon program for the adults. For more information click HERE.
 
 
 
 
 
BCIA Newsletter
The April 2014 issue of the Mississippi Beef Cattle Improvement Association newsletter is now online. 
 
 
 
 
 
Youth Judging Camp
Mississippi State University will be hosting livestock judging camps on campus this summer.  Participants will judge sheep, meat goats, hogs and beef cattle and develop oral reasons.  A “day camp” will take place June 6 for both coaches and youth ages 9-13 as well as more in-depth camps May 24-26 and June 30-July 2 for youth ages 14 and older.  The postmark deadline for the two earlier camps is May 10.  June 1 serves as the deadline for the final camp.  More information can be obtained by contacting Brett Crow, MSU Livestock Judging Team Coach, at brett.crow@msstate.edu or (662) 325-5208. 
 
 
 
 
 
BIF Hotel Info
Remember to make your reservations for BIF by this Saturday May 9. A block of rooms has been reserved at a discounted rate at the Beau Rivage in Biloxi. Conference rate is $149/night plus tax. To make reservations online Click Here or call 1-888-567-6667 and ask for the Beef Improvement Federation block of rooms. For meeting schedule and additional information click here.
 
 
 
 
 
Governor's Cup​
On Tuesday, April 28 at Trustmark Park in Pearl, BEEF was on the plate during the 2015 Governor's Cup Baseball Game between MSU and Ole Miss. Over 5,000 baseball fans got to hear the BEEF message and enjoy samples.
 
 
 
 
 
Making Tracks
MJCA members are invited to attend the Wax Junior Leadership Camp June 22 - 24 at Mississippi State University.
 
 
 
 
 
Dietary Guidelines
On February 19, the 2015 Dietary Guidelines Advisory Committee report was made available to the public.
Though mentioned in a footnote, the report excluded "lean meats" from a healthful dietary pattern.
Excluding "lean meats" from a healthy dietary pattern is inconsistent from the 2010 Dietary Guidelines and the 2015 Advisory Committee’s discussions.
The Committee included recommendations on topics outside nutrition and health including sustainability, which is outside their purview and expertise.
The public comment period ends May 8, 2015. NCBA has requested for the comment period of 45 days to be extended to 120 days.
 
 
 
 


May
7  Stone CCA
15 Alfalfa Field Day,
     Starkville, MS
14  Perry CCA
16 MS Gelbvieh Field Day,
     Morton
 16  Bull Test on Forage
       Field Day, Tylertown
21  Wayne CCA
21  Webster CCA
 
 
 
 
Allied Industry Members
 
 
 
 
Mississippi Cattlemen's Association • 680 Monroe St. Suite A • Jackson, MS 39202
 
 
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