January 11, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle futures fluctuate widely despite surging beef quotes

By: Marty Foreman, Doane Advisory Services


Cattle prices surged higher from a multi-year low during mid-to-late December. However, futures have consolidated over the past two weeks, with the February contract holding just below the recent high near 138 cents per pound. So far, the consolidation pattern suggests futures could make another drive higher.
Fed cattle prices have also rallied sharply from last month’s lows near $118/cwt. to $134 last week, one of the strongest price advances in history. Carcass weights continue to ease seasonally and recent winter storms are accelerating the decline as feedlot performance is suffering.
Beef price strength has been impressive the past few weeks. Both choice and select cutouts are up nearly $40/cwt. from their December low. As the chart indicates, beef prices have rebounded to the highest level since September. Beef prices have also continued higher as futures have consolidated over the past 1-2 weeks. Stronger beef prices should help support cash and futures prices over the near-term. Still, we view follow-through strength as an opportunity to establish hedge coverage. 
 
 
 
 
 

RISE N' SHINE BEEF RANCHERO WRAPS


Total Recipe Time: 35 
Makes 6 servings
 
 
 
 
 

January
12   BQA, New Albany
16   Panola CCA
27-29 Cattle Industry Convention
21   Marshall CCA

February
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.
 
 
 
 

2015 Dietary Guidelines Support Lean Beef in a Healthy Diet

 
 
 
 
The 2015 Dietary Guidelines for Americans, released by the U.S. Department of Health and Human Services and the U.S. Department of Agriculture, reaffirm the role of lean beef in a healthy diet and confirm that Americans are, on average, consuming lean meat in daily amounts that are consistent with the recommendations for protein foods. National Cattlemen’s Beef Association President Philip Ellis commended HHS Secretary Sylvia Burwell and USDA Secretary Tom Vilsack for ensuring the final recommendations were based on the latest nutrition evidence available.
Dr. Richard Thorpe, a physician and Texas cattle producer, agreed, saying he is pleased the guidelines recognize all the strong science that supports the many Americans who are looking to build a healthful diet with lean beef.  
“As a physician, I appreciate the Secretaries making sure the dietary guidelines are based on the latest nutrition science,” said Thorpe. “Numerous studies have shown positive benefits of lean beef in the diet, and I commonly encourage my patients to include beef in their diet to help them maintain a healthy weight and get the nutrients they need to be physically active. Lean beef is a wholesome, nutrient-rich food that helps us get back to the basics of healthy eating, providing many essential nutrients such as zinc, iron, protein and B vitamins, with fewer calories than many plant-based sources of protein.” 
See more here.
 
 
 
 
 
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!
 
 
 
 
 
Tell Your Representative to Support Disapproval of the WOTUS Rule
In November, the Senate passed a resolution disapproving the EPA and Army Corps’ WOTUS rule. This week, the House will consider the same resolution and send the joint resolution to the President’s desk. A resolution of disapproval would effectively withdraw the WOTUS rule. Urge your Representatives to support the joint resolution to Ditch the Rule.
To send a letter via NCBA click here.
 
 
 
 
 
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 for the family as well as 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!
 
 
 
 
 
Heifer Sale
On Saturday
the Central Mississippi
Replacement Heifer Sale
was held in Raymond at the Hinds Bull Test Sale facility. 110 bred females averaged $2,328. 
 
 
 
 
 
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.
 
 
 
 
 
Tanner Farms Bull Sale
Tanner Farms hosted their Angus Bull Sale in Wiggins on Saturday. 100 bulls averaged $3,671. 
Tanner has also been named to the Seedstock 100, which means they market over 200 bulls a year. Tanner placed 80th in the listing.  
 
 
 
 
 
BQA Training
Make your plans to attend BQA Training in New Albany at the Union County Fairgrounds on January 12 at 6:30 pm. The meeting is open to all producers, but pre-registration is required by January 11th.  The cost is $15 to become certified and includes manual, vaccine cooler, and bumper sticker. 
For more information you can contact Dr. Carla Huston or Dr. Brandi Karisch. 


 
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

 
 
            
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