Mississippi Cattlemen's Association May 25, 2015

 Market Notes
Dr. Brian Williams
Week Ending May 22, 2015

Cash Cattle
Cash traded fed cattle finished the week slightly lower this week. The five-area fed steer price ended the week at $159.98 for live sales, and $251.66 for dressed; respectively, down $0.84 and $4.89. Total volume sold was higher than a week ago, but much lower than last year.
Feeder steer cattle and calves were higher across much of the U.S. this week. Summer grazing demand is heating up and rains continued across much of the Midwest. The USDA rated 57% of U.S. pastures in good or excellent condition this week, up from 56% good or excellent last week and 44% good or excellent a year ago. In Mississippi auctions, lighter weight feeders and calves were $5.00 to $10.00 higher, while heavy steers were about $2.50 lower than a week ago. Oklahoma City feeder steers and heifers were steady to $10 lower this week.
The World Trade Organization (WTO) has once again ruled against the U.S. Country of Origin Labeling (COOL) this week. If Congress does not rewrite COOL by later this fall, the WTO may allow certain sanctions from Canada and Mexico in retaliation.

Live cattle and feeder cattle futures were mixed this week. June live cattle were down about $0.40 on the week, while October live cattle were up $0.65. Feeder cattle were slightly higher across the board with August futures up $0.80 from last Friday. Corn futures were lower on the week despite concerns about wet conditions and replanting across parts of the corn belt.

Wholesale boxed beef prices were mostly steady this week. Choice boxes averaged $263.19, down $1.12 from a week ago. Select boxes ended the week with an average of $249.89, up $0.82. The average choice retail beef price for the month of April set a record at $6.402 per pound.
Making Tracks
MJCA members are invited to attend the Wax Junior Leadership Camp June 22 - 24 at Mississippi State University.
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Become BQA Certified
More than 2,100 producers across the country became Beef Quality Assurance (BQA)-certified thanks to the recent program supported by Boehringer Ingelheim Vetmedica, Inc. (BIVI). That is the highest number in the program’s four-year history, and means that nearly 22,000 producers have taken advantage of these free offers to sign up for the BQA certification program. ​
The checkoff-funded BQA program is important to the cattle industry, as it provides producers a set of best practices for producing quality beef. It also assures consumers that the beef they eat is both safe and wholesome.
To become BQA certified via Mississippi's BQA training Click Here.

Save Time, Pay 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.
Got Beef?
Celebrate America's favorite protein...Beef. ​For meal planning ideas visit www.msbeef.org.
Cattlemen's Beef Board
For the 2016 Board, there are vacancies for 33 producer member positions to learn more click here
WTO Rules Against U.S. COOL Requirements 
The United States has lost a battle with Canada and Mexico over its meat labeling rules.
​The WTO panel said the United States must bring its country-of-origin labeling (COOL) into line with global trade laws, rejecting the nation's appeal against an earlier ruling that the requirements illegally discriminate against imported livestock.
​The move opens the door to multibillion-dollar trade sanctions against the United States.
​The U.S. rules have resulted in fewer Canadian pig and cattle exports since 2009, according to the Canadian government. Canada has already published a hit list of potential U.S. targets, including wine, chocolate, ketchup and cereal.
For more information click here.

  • Total Recipe Time: 30 minutes
  • Makes 8 servings

 9  Beef Improvement 
     Federation Conference
22  Making Tracks 
Allied Industry Members
Mississippi Cattlemen's Association
680 Monroe St. Suite A • Jackson, MS 39202