January 25, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending January 22, 2016

Cash Cattle:
Cash traded fed cattle finished the week lower. The five-area fed steer price ended the week averaging $126.62 for live sales, and $202.00 for dressed; respectively, down $6.90 and $7.57. Total volume sold was up 1,000 head from a week ago and down 7,000 head from last year.
Feeder steer cattle and calves were trading lower across much of the U.S. this week. Oklahoma City feeder cattle were $6 to $14 lower than a week ago for most weight classes. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were down $5.00 from a week ago, averaging $190.00, while heavy steers were averaging $127.50, down $10.00 from last week.

Futures:
Live cattle futures and feeder futures were higher this week. February live cattle were up $5.33 on the week and $17.45 lower than a year ago at $132.90, while April live cattle were also up $5.35 from last week and down $14.95 from a year ago. Feeder cattle were also higher with January futures up $6.00 from last Friday and down $53.33 from a year ago at $160.30 while March futures are up $9.03 on the week. Nearby corn futures are up $0.07 from a week ago while May futures are also up $0.07.

Beef:                                                                                            
Wholesale boxed beef prices are higher compared to a week ago. Choice boxes averaged $228.73, down $5.94 from a week ago and $28.12 lower than a year ago. Select boxes ended the week with an average of $223.31, down $5.15 from last week. The choice-select spread narrowed from $6.21 a week ago to $5.42 this week.
 
 
 
 
 

BEEF GREEN CHILI

  
Total Recipe Time: 35 to 40 minutes

Makes 4 servings.
 
 
 
 
 

January
27-29 Cattle Industry Convention
21   Marshall CCA

February
6  MS Hereford Assoc. Annual Meeting, MCA office 6:30 p.m.
6 MS Red Angus Meeting, MCA office, 3:00 p.m. 
12-13    MCA Convention

 
 
 
 
 

MCA Online!
You can pay your MCA dues online. MCA is looking out for cattle producers in Mississippi. MCA monitors the legislative and regulatory activity in Jackson and Washington, D.C. We're working every day to influence producer legislation in a manner that benefits cattle producers. Click here to learn more.
 
 
 
 

President Veto Bill To Prevent WOTUS

 
 
 
 
After bi-partisan passage in both chambers of Congress, President Obama vetoed Senate Joint Resolution 22, disapproval of the EPA’s “waters of the United States” rule. National Cattlemen’s Beef Association President Philip Ellis said this is a clear indication the President does not understand the role America’s cattle producers, land owners and state governments play in preserving our natural resources.
“We are extremely disappointed the President chose to side with the EPA, which has pulled out all the stops and shown an appalling disregard for the law throughout this rulemaking process,” said Ellis. “In siding with the EPA, the President has ignored the will of Congress, including members of his own party. Moreover, he has taken side against the 32 states, and countless stakeholders who have challenged the WOTUS rule. With Congress clearly showing their disapproval of this rule, the consequences of WOTUS implementation now rest solely with President Obama.”
The Senate voted 53-44 on Nov. 4, 2015 and the House voted 253-166 on Jan. 6, 2016 in support of S.J.Res. 22. Public Lands Council President Brenda Richards said that while the outcome remains certain, the path is now much longer.
“Rather than ditch the rule, the President ignored the tidal wave of opposition to appease the EPA’s radical agenda,” said Richards. “Due to the President’s veto cattle producers, stakeholders, states and ultimately taxpayers are now going to have to spend millions of dollars on litigation to ultimately determine what we already know; the WOTUS rule extends beyond Congressional intent under the Clean Water Act and violates Supreme Court precedent. Once again the regulatory train wreck has landed squarely on America’s rural economy.”
NCBA and PLC filed a lawsuit in the Southern District Court in Texas on July 2, 2015. That litigation will continue. While the Sixth Circuit Court of Appeals considers jurisdiction, a temporary nationwide stay on implementation of the WOTUS rule remains in effect. 
“Cattle producers need regulatory certainty,” said Ellis. “While the WOTUS rule remains at the EPA, we will continue to pursue litigation and legislation to bring about that certainty. This is a top priority for our members and this action shows that we have only begun our fight.” 
 
 
 
 
 
Book Your Rooms Now!
Rooms for the 2016 Mississippi Cattlemen's Association Convention and Dixie National Expo are filling up fast. Make sure to book your room at the Hampton Inn (601) 352-1700. Ask for the Mississippi Cattlemen's Association block of rooms. Standard rooms are $94 and suites are $104. Makes your reservations today deadline is this Thursday until 5:00 p.m.!
 
 
 
 
 
MCA Convention
Make plans for you and your family to attend the 2016 MCA Convention and Dixie National Farm Expo.
Events will kick off Friday night at 6:30 in the Trade Mart for the Cattlemen's Round Up & BBQ. This new event will have good food, games, and live music from Southern Grass. This great event for the family will also include the  Live Auction featuring items for your home and farm. 
Saturday will begin at 8:00 a.m. with the opening of the Dixie National Farm Expo featuring vendors from all aspects of agriculture. The Annual Membership Meeting will begin at 9:30 and will include an update on the long-term cattle market by Dr. Darrell Peel, Extension Economist from Oklahoma State University. The highlight of the convention will be the Awards Luncheon on Saturday where we will award over $45,000 in scholarships and honor outgoing president, Harold Newcomb.
Make your plans to attend this great event!
To register go to the MCA Website.
 
 
 
 
 
Live Auction Items
Items for the Live Auction Friday, February 12th during the Cattlemen's Round Up & BBQ are now on display at the MCA office. Some of the items we have for the auction include; an offshore fishing trip,
commemorative gun, riding toy tractor, a day of bass fishing, farm toys, handmade afghan, and much more! 
Remember if you can't be at the Round Up you can still put a bid in on any item at the auction. Call the office for more details. 
 
 
 
 
 
January Cattle on Feed
The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (January 22, 2016). Placements totaled 1.525 million head, a decrease of 0.78% from December 2014 and much higher than anticipated. Cattle marketed in December totaled 1.674 million head, up 1.15% versus last year, and was close to expectations. The total number of cattle in feedlots with 1,000 head or larger capacity totaled 10.573 million head, down 0.50% versus January 1, 2015 and slightly higher than analyst expectations.
 
 
 
 
 
BQA Training Scheduled
The Mississippi Beef Quality Assurance (MS-BQA) Program identifies areas in beef production where defects in quality occur. The MS-BQA Program is a cooperative effort between beef producers, veterinarians, nutritionists, and professionals from the Mississippi Cattlemen’s Association, Mississippi Farm Bureau Federation, MSU Extension Service, and MSU College of Veterinary Medicine, who believe that cattle managed under BQA guidelines will be less likely to contain a violative residue, injection-site tissue damage, or foreign metal such as a broken needles.
Several face to face BQA trainings are scheduled  throughout the state. These meetings are being hosted in partnership with local sale barns. A certification fee of $15 is required and includes manual, vaccine cooler, and bumper sticker.Certifications begin at 6:30.
March 25 -  Verona  
March 29 -  Natchez 
April 14 -  Grenada Stockyards
 
 
 
 
 
Dixie National Events
A complete schedule for the Dixie National Livestock Show and Rodeo has been posted on the Mississippi Department of Agriculture's website. To see a detailed list of the events please click here.
 
 
 
 
Allied Industry Members
 
 
 
 
 

680 Monroe St. Suite A • Jackson, MS 39202 |  601·354·8951

www.mscattlemen.org

 
 
            
Footer-logo