February 22, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending February 19, 2016

Cash Cattle:
Cash traded fed cattle finished the week mixed. The five-area fed steer price ended the week averaging $130.00 for live sales, and $209.63 for dressed; respectively, down $1.70 and up $3.67. Total volume sold was down 23,000 head from a week ago and unchanged from last year.
Feeder steer cattle and calves were mixed across much of the U.S. this week. Oklahoma City feeder cattle were down $5.50 for lightweights and up $3.00 for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were up $2.50 from a week ago, averaging $190.00, while heavy steers were averaging $137.50, up $5.00 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 down compared to a week ago. Choice boxes averaged $217.63, down $3.79 from a week ago and $25.63 lower than a year ago. Select boxes ended the week with an average of $214.12, down $4.76 from last week. The choice-select spread widened from $3.51 a week ago to $4.48 this week.
 
 
 
 
 

BEEF PATTY MELTS

  
Total Recipe Time: 30 to 35 minutes
Makes 4 servings.
 
 
 
 
 


February

23 - MCA Legislative Luncheon
25 - Wayne CCA
25 - Oktibbeha CCA

March
3 - Hinds Bull Test Sale &
     MBCIA Sale, Raymond
 
 
 
 
 
February 27, 2016
Tylertown, MS
 
 
 
 
 
April 2, 2016
Groesbeck, Texas
 
 
 
 
 
 
 
 
 

President Obama Uses Antiquities Act to Lock off Additional 1.8 Million Acres

 
 
 
For the 22nd time in his Administration, President Obama has improperly leveraged the Antiquities Act of 1906 to lock up millions of acres of the American West. 
In a press release touting the designation of Sand to Snow National Monument, Mojave Trails National Monument, and Castle Mountains National Monument - a total of 1.8 million acres - USDA celebrated this Administration’s prowess for these types of designations that have locked off 265 million acres in the last seven years without any formal review, economic analysis, or public comment. 
“This president has misused and abused his executive power more than any of his predecessors in an attempt to distract from his true environmental legacy which will be one of mismanagement and undue economic hardship in rural communities,” said Brenda Richards, Public Lands Council President. 
As President Obama closes out his final term, a rash of last-minute designations totaling nearly 10 million acres in states like Oregon, Arizona and Utah is expected. Congress must rein this abuse of the Antiquities Act and ensure the American public is engaged whenever the federal government makes sweeping decisions that impact such large areas of land.
See more here.
 
 
 
 
 
Beef Night At The Rodeo
On Thursday night during the Dixie National Rodeo, Mississippi Beef Council recognized some cattlemen who produce and sell local, Mississippi Beef. Remington Lott Farms of Canton and Honestly Beef from Collins. Attendees of the rodeo also got a chance to win 20 lbs of ground Mississippi Beef. Ten winners were chosen and gift certificates were presented during the rodeo. 
 
 
 
 
 
Southern Cattlemen's Sale
On Saturday at Southeast Mississippi Livestock in Hattiesburg, the 3rd Annual Southern Cattlemen's Bull and Female Sale was held. A large crowd was on hand to watch 52 Angus bulls average $3,575, 32 Hereford bulls average $3,634, and 10 registered Hereford heifers averaged $2,465.
 
 
 
 
 
Steer Raffle
Again this year, Southern AgCredit donated their champion steer purchased in the Sale of Junior Champions, to MCA. 
We thank Southern AgCredit for their continuing support of county and state cattlemen's association activities.
 
 
 
 
 
February 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 (February 19, 2016). The report revealed that 10.709 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on February 1, 2016, down 0.04% from a year ago. Placements into feedlots during the month of January totaled 1.779 million head while marketings during the same month totaled 1.589 million head, down 0.56% and 2.22% from a year ago, respectively. All numbers were very close to analysts’ 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 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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