Mississippi Cattlemen's Association May 18, 2015

 Market Notes
Dr. John Michael Riley
Week Ending May 15, 2015

Cash Cattle
Cash traded fed cattle finished the week slightly higher when compared to last week. The five-area fed steer price ended the week at $160.82 for live sales, and $256.55 for dressed; respectively, up $1.05 and $1.51. In Nebraska and the Western Cornbelt a few dressed cattle traded on par with last week at $257.
Calves and feeders in Mississippi auction markets were mostly steady this week. Heavy weight (700-800 pound) steers were off quite a bit though, which is likely an anomaly since they were higher in other parts of the U.S. Oklahoma City feeder steers were firm to $3 higher and heifers were steady.

Cattle futures were steady this week, but not without some ups and downs. Live futures started the week in decline, but then spent Tuesday, Wednesday, and Thursday moving higher. Friday marked a lower move in the market. Feeders saw similar, but slightly more muted moves compared to live futures. Tuesday’s World Agricultural Supply and Demand  Estimates report from USDA (released Tuesday) indicated that beef production for 2015 is expected to total 24.339 billion pounds. The May report is the first to offer insights from USDA, and the agency has 2016 beef production pegged at 24.569 billion pounds. So, the tight supplies are expected to bottom out this year before moving higher, barring any major issues.
Corn futures were also mostly even with the previous Friday’s close. The supply and demand report was also the first gauge from USDA on the upcoming corn crop. Planting progress has been slow to develop in southeastern states, but Cornbelt states have been covering quite a bit of ground in a hurry the last few weeks. The report put 2015 U.S. corn yield at 166.8 bushes per acre, 4.2 bu/ac lower than last year, and total production for the year at 13.63 billion bushels. 

Wholesale boxed beef prices were much higher this week. Choice boxes averaged $262.07, up $5.46. Select boxes ended the week with an average of $249.07, up $4.18.
Beef Month is Here!
 Beef. It’s easy to prepare, it’s delicious, and contains 10 essential nutrients to help fuel you and your family. ​For meal planning ideas visit www.msbeef.org.
Welcome Kristin
We welcome Kristin Renfroe of Leesburg to the Beef Council office were she will spend the summer working on beef promotion projects around the state as our Summer Intern. Kristin is pursuing a degree in Agriculture Information Science at Mississippi State University. ​
Did You Know?
Here are few U.S beef industry statistics.
• 2014 Cattle inventory: 89,800,000  
• Economic impact: $49.5 billion in farm gate receipts   
• 2014: 30.17 million head of cattle harvested under USDA inspection; 24.25 billion pounds of commercial beef production. Average dressed weight 804 pounds​  
• Top export markets: Japan, Canada, Mexico, Hong Kong, and South Korea
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.
Are You A Member?
If not, 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.
Making Tracks
MJCA members are invited to attend the Wax Junior Leadership Camp June 22 - 24 at Mississippi State University.

  • Total Recipe Time: 25 minutes
  • Makes 4 servings

19  Oktibbeha CCA  
      Branding Workshop
21  Wayne CCA
21  Webster CCA
Allied Industry Members
Mississippi Cattlemen's Association
680 Monroe St. Suite A • Jackson, MS 39202