March 7, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending March 4, 2016

Cash Cattle:
Cash traded fed cattle finished the week higher. The five-area fed steer price ended the week averaging $136.00 for live sales, and $212.00 for dressed; respectively, up $5.34 and $1.45. Total volume sold was down 1,000 head from a week ago and down 4,000 head from last year.
Feeder steer cattle and calves were mostly higher across the U.S. this week. Oklahoma City feeder cattle were $5.00 higher for lightweights and $1.00 to $2.00 higher for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were up $5.00 from a week ago, averaging $195.00, while heavy steers were averaging $145.00, up $2.00 from last week.

Futures:
Live cattle futures and feeder futures were mixed this week. April live cattle were down $0.80 on the week and $18.60 lower than a year ago at $136.43, while August live cattle were up $0.42 from last week and down $23.28 from a year ago. Feeder cattle were also mixed this week with April futures down $0.68 from last Friday and down $51.73 from a year ago at $158.08 while August futures are up $0.43 on the week. Nearby corn futures are down $0.02 from a week ago while September futures are down $0.01.

Beef:                                                                                            
Wholesale boxed beef prices are up compared to a week ago. Choice boxes averaged $219.22, up $2.71 from a week ago and $29.69 lower than a year ago. Select boxes ended the week with an average of $212.27, down $0.09 from last week. The choice-select spread widened from $4.15 a week ago to $6.95 this week.
 
 
 
 
 

Corned Beef Hash

  
Total Recipe Time: 35 to 40 minutes
Makes 4 servings
 
 
 
 
 




March
10 - Hinds CCA
15 - BEEF 101, Starkville
17 -  Pontotoc CCA
26 - Ag Museum Easter Egg Hunt
26 - MS Agribition Sale,     
        Verona

April
1 - Cool-season Forage Tour, Starkville 
 
 
 
 
 
 
 
 
 
 

March 22 - Prairie
March 23 - Flora
March 24 - Laurel
 
 
 
 
 
April 2, 2016
Groesbeck, Texas
 
 
 
 
 

Inhofe Seeks Additional Information on EPA’s Illegal Public Relations Campaign

 
 
 
U.S. Sen. Jim Inhofe (R-Okla.), chairman of the U.S. Senate Environment and Public Works (EPW) Committee, on Friday sent letters to the Obama administration and two national environmental activist groups requesting information and documents in regard to the Environmental Protection Agency’s (EPA) efforts to promote the “waters of the United States” (WOTUS) rule in violation of the Antideficiency Act and annual appropriations law restrictions against covert propaganda and grassroots lobbying. 
In December 2015, the Government Accountability Office (GAO) determined that EPA’s public relations campaign and social media use violated appropriations law and the Antideficiency Act, triggering a requirement that EPA “immediately” report details about the violation to the president and Congress.    The GAO legal decision also highlighted improper links between EPA and the Natural Resources Defense Council (NRDC) and the Surfrider Foundation as part of an advocacy campaign in support of the WOTUS rule. 
In a letter to the White House Office of Management and Budget (OMB), Inhofe requests information about the reporting delay and what steps the Obama administration has taken to avoid similar appropriations law violations by other agencies.  In letters to the NRDC and the Surfrider Foundation, Inhofe requests copies of communications between the groups and EPA related to EPA’s WOTUS advocacy campaign and several events with the EPA administrator that the groups sponsored.
For more click here.
 
 
 
 
 
January Retail Beef Sales Summary
Here's the latest monthly summary of retail protein sales. Key points for the month include: 1-Beef supply continues to rebound as January beef volume increased 12.2% vs. a year ago. 2-Average beef price per pound decreased 9.4% to $4.79/lb. 3-Beef feature activity decreased 4.1% in January, following 10 straight months of increasing activity. 4-January feature activity for chicken (-15.1%) and pork (-5.7%) saw sharper declines. 5-Beef volume sold on feature was 32.4% of January beef pound sales
 
 
 
 
 
2016 Hinds Bull Test and Mississippi BCIA Sale
The Spring BCIA Bull Sale and Hinds Community College Bull Test Sale was held on March 3rd. A good crowd was on hand with return buyers from across the state there to purchase quality bulls. Bulls averaged overall $2,781 with Hinds Bulls averaging $2,839 and BCIA bulls averaging $2,693. 

 
 
 
 
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.


 
 
 
 
 
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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