February 29, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending February 26, 2016

Cash Cattle:
Cash traded fed cattle finished the week higher. The five-area fed steer price ended the week averaging $130.66 for live sales, and $210.55 for dressed; respectively, up $0.66 and $0.92. Total volume sold was up 13,000 head from a week ago and up 11,000 head from last year.
Feeder steer cattle and calves were steady to higher across much of the U.S. this week. Oklahoma City feeder cattle were holding steady for lightweights and up $4.00 for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were unchanged from a week ago, averaging $190.00, while heavy steers were averaging $143.00, up $5.50 from last week.

Futures:
Live cattle futures and feeder futures were higher this week. April live cattle were up $5.25 on the week and $14.10 lower than a year ago at $134.40, while August live cattle were up $3.18 from last week and down $21.43 from a year ago. Feeder cattle were also higher on the week with March futures up $5.55 from last Friday and down $43.15 from a year ago at $156.00 while May futures are up $3.78 on the week. Nearby corn futures are up $0.07 from a week ago while May futures are also up $0.06

Beef:                                                                                            
Wholesale boxed beef prices are up compared to a week ago. Choice boxes averaged $216.51, up $2.67 from a week ago and $28.77 lower than a year ago. Select boxes ended the week with an average of $212.36, up $3.00 from last week. The choice-select spread narrowed from $4.48 a week ago to $4.15 this week.
 
 
 
 
 

THREE-MUSTARD BEEF ROUND TIP

  
Total Recipe Time: 2-3/4 hours
Makes 12 servings
 
 
 
 
 




March
3 - Hinds Bull Test Sale &
     MBCIA Sale, Raymond
10 - Hinds CCA
15 - BEEF 101, Starkville
17 -  Pontotoc CCA
26 - MS Agribition Sale,     
        Verona
 
 
 
 
 

Purina Cattle Field Days
March 22 - Prairie
March 23 - Flora
March 24 - Laurel
 
 
 
 
 
April 2, 2016
Groesbeck, Texas
 
 
 
 
 
 
 
 
 

MCA Legislative Luncheon

 
 
 
Last Tuesday Legislators and State Capitol staff enjoyed delicious ribeye steak sandwiches and their choice from two dozen homemade desserts at the MCA Legislative Luncheon. 
We thank members of the Steering Committee, CattleWomen's Association as well as Hinds and Simpson County Cattlemen's Associations for their help.  
 
 
 
 
 
Support MCA Programs
 Purchase your ticket to win a Dixie National champion steer donated to MCA by Southern AgCredit. Drawing will be held on April 13, 2016.
The steer will be custom packed for your convenience.


 
 
 
 
 
2016 Hinds Bull Test and Mississippi BCIA Sale
The Spring BCIA Bull Sale will be held on March 3 in conjunction with the Hinds Community College Bull Test Sale. Mississippi BCIA continues to offer high quality beef cattle genetics through its annual BCIA Bull Sales. These bulls have passed breeding soundness exams and met minimum growth, scrotal circumference, and data reporting requirements. The catalog can be found online.
 
 
 
 
 
BEEF 101
 Do you want to learn more about all aspects of the beef industry? Would you like to learn the connections between the live animal and the wholesale cuts of beef? Understand how to use measurements of ribeye area, fat thick-ness, and percent KPH fat to calculate yield grades? Have hands-on cutting experience while you learn where your favorite cuts of beef come from? 
If so make your plans to attend BEEF 101 on March 15 at Ballew Hall on the Mississippi State University Campus. 
The cost for the program is $35.00. You can register online at https://techoutreach.msucares.com/cattle-workshops.
Or contact: 
Dr. Brandi Karisch, Beef Extension Specialist 
Brandi.Karisch@msstate.edu 
662-325-7465 
Or
Cobie Rutherford, Beef Extension Associate 
Cobie.Rutherford@msstate.edu 
662-325-4344 
 
 
 
 
 
Marshall County Bull Soundness Exam
The Marshall County Cattlemen's Association will host a Bull Soundness Exam on March 19 at the Marshall County Fairgrounds in Holly Springs. The cost is $30 for MCCA members and $40 for non-MCCA members. 
This is a great program that Marshall County Cattlemen's has offered as a service to its members for several years. 
For more information click here.
 
 
 
 
 
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 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, 2016- Lee County Agricenter, Verona
March 29, 2016- Adams County Extension Office, Natchez
April 14, 2016-Glenwild Stockyard, Grenada
April 21, 2016- Hinds County, Raymond
 
 
 
 
 
 

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.
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

 
 
            
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