February 6, 2017

 
 
 
 

Monday Memo

 
 
 
 






Dr. Josh Maples
For the Week Ending
February 3, 2017

Cash Cattle:
The combination of the higher than expected placements in the cattle on feed report and the continued expansion mentioned above drove prices down significantly this week. Cash traded fed cattle were down $2.64 to an average of $118.76 for live sales compared to $121.40 last week. Dressed steers averaged $189.75 this week, down $3.80 last week. Trade volume was essentially the same as last week at 76,286 head.
Mississippi feeders weighing 450-500 pounds were down $4.50 at $139 while heavier 750-800 pound steers decreased $2 to $116.50 compared to $118.50 last week. Feeder prices in Oklahoma City for 500-550 pound steers were down $5.56 to $157.96 and OKC 750-800 pound steers averaged $126.22 which was down $6.57 from last week.

Futures:
Live cattle futures and feeder futures continued to slide. February live cattle were down 95 cents at $117.10, while April live cattle were down $1.28 over last week to $115.73. March feeder cattle were down $3.40 from last Friday at $123.78 while April futures were down $2.88 on the week at $123.65. Corn futures prices bumped up slightly this week with March and May corn futures each up a penny at $3.64 and $3.71, respectively.

Beef:                                                                                           
Wholesale boxed beef prices were up this week with choice boxes averaging $192.88, up 79 cents from a week ago. Select boxes ended the week with an average of $189.85, an increase of $1.28 from last week. The choice-select spread decreased to just $3.03.
 
 
 
 
 











February

10-11 - MCA Convention and Dixie National Farm Expo., Jackson 
 
 
 
 
 

EASY SHEET PAN MEATLOAF AND VEGETABLES

  
Total Recipe Time: 1-1/4 hours to 1-1/2 hours
Makes 6 servings.
 
 
 
 
 
 
Mississippi Dixie National Simmental Sale
February 11, 2017
Jackson, MS
Simmental, Simbrah, Angus, SimAngus, & Red Angus
To learn more click here
 
 
 
 
 



Sedgewood Angus Bull Sale
April 29, 2017
Canton, MS
To learn more click here.
 
 
 
 
 

Merck will reward MCA for each Ralgro wheel we collect before the February convention.
Bring your wheels to any MCA event and give them to an MCA officer.
 
 
 
 
 
Renew 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.
 
 
 
 
Make Plans to Attend the MCA Convention
 
 
 
Make plans for you and your family to attend the 2017 MCA Convention and Dixie National Farm Expo. at the Trade Mart on the Mississippi State Fairgrounds in Jackson. 
The highlight of the convention will be the Awards Luncheon on Saturday where we will award over $65,000 in scholarships and honor outgoing president, Paul Whitlock.
Make your plans to attend this great event!
For a registration form please click here.
 
 
 
 
 
Cattlemen's Round Up BBQ and Live Auction
Join us Friday night, February 10, at 6:30 in the Trade Mart for the Cattlemen's Round Up & BBQ. This great event will have good food, games, and live music from Southern Grass. This event for the family will also include the  Live Auction featuring: A one day guided bass fishing trip on the big lake at Bozeman Farms, a framed limited edition Hereford print, a piece from Mississippi's own Pray Pottery, John Deere toy tractors, MCA's Gun of the Year: a Henry Golden Boy 22 Magnum leaver action rifle.Black River Outfitters, Flora Mississippi donated 200 rounds of ammunition for the MCA Gun of the Year.  Many more unique items will be up for auction, so make your plans to attend!
 
 
 
 
 
​​​​​​​
Featured Speaker
The Annual Membership Meeting will begin at 9:30 and will include legislative updates, a market outlook, as well as featured speaker, Steve Dittmer.
He will also speak during the awards luncheon on Sat.
Dittmer grew up in Ohio on a small cattle operation and earned a degree in animal science and a journalism minor from The Ohio State University.
Now with Agribusiness Freedom Foundation, Dittmer has been providing facts, reasoned analysis and bold opinion regarding beef industry economics and politics. Key recent issues AFF has been active in include: the elections of 2016, the protection of science and technology for animal agriculture, including antibiotic and GMO issues; Dietary Goals revisions; HSUS attacks on the industry; immigration reform and guest worker programs, the proposed GIPSA Rule changing livestock marketing; so-called “captive supply” and marketing options; Obamacare; lean finely textured beef; free trade and government regulations from agencies like EPA, Interior and USDA.
 
 
 
 
 
Support MCA's Beef Barn 
While attending the Dixie National, stop by the Beef Barn for a great Steak Sandwich, Bully Burger, or Brisket Sandwich. 
 
 
 
 
 
MCWA Country Store
The Mississippi CattleWomen's Association is looking for items for their Country Store during the MCA Convention. Donated items can be handmade or purchased and given to MCWA to help raise money for their scholarship program. 
 
 
 
 
 
Dixie National Events
A complete schedule for the Dixie National Livestock Show and Rodeo has been posted on the Mississippi Department of Agriculture's website. To see a detailed list of the events please click here.
 
 
 
 
 
Dixie National Farm Expo
The Dixie National Farm Expo on 
February 10 & 11, will be a must attend event for anyone in agriculture. Static exhibits along with equipment demos, and
educational opportunities combine to make a great farm show. 
All livestock species will be represented 
during the Dixie National Farm Expo along with tractor, animal health, feed and 
equipment vendors. This will be a one stop agricultural marketplace for those attending the  Dixie National Livestock Show and Rodeo. 
Over 40 exhibitors will be on hand displaying their products and talking to you about how their products can benefit your operation. This is a unique opportunity for you to visit with many companies and see all the latest products.
If you or your company would like to have a booth at the expo please contact LeAnne at the MCA office.

Farm Expo hours:
Friday, 4:00 p.m. - 8:00 p.m.
Saturday, 9:00 a.m. - 4:00 p.m.
 
 
 
 
 
MJCA Quiz Bowl

The 2017 Mississippi Junior Cattlemen’s Association Beef Quiz Bowl will be held on Saturday, February 11, 2017 in the Trade Mart on the Mississippi State Fairgrounds in Jackson. The event will begin at 9:00 a.m. with the preliminaries that morning followed by the championship round after lunch.
We ask that you submit your team rosters by February 1st to cbmag@att.net. Each team participant must be a current MJCA member. Memberships can be obtained by calling the MCA office or online at www.mscattlemen.org.
If you have suggestions or comments, please notify Andy Berry or LeAnne Peters as soon as possible. We are looking forward to a fun and educational experience for everyone.
 
 
 
 
 
Cattle Quick Thoughts
The January 2017 cattle inventory report released this week showed total U.S. cattle inventory was up 1.8 percent compared to January 2016. Buried beneath this overall number are a 3.5 percent increase in beef cows and a 1.2 percent increase in replacements. Both of these numbers can be surprising given the lower prices throughout 2016 that many hoped would discourage further expansion. The drought in Mississippi left the state with fewer beef cows than last year (down 5 percent). However, the MS decline was vastly outweighed by increases in other states. More beef cows and replacement heifers not only mean more cattle now but also a larger calf crop to come. Prices are driven by two primary factors: supply and demand. The high prices we saw in 2014/15 were driven by historically low supply. The current increased number of cattle puts downward pressure on prices. Any positive support for prices in the near future will likely have to come from finding ways to grow demand for U.S. beef.
Source: Dr. Josh Maples
 
 
 
 
 
BQA Meetings 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.

Thursday March 9, 2017 - Ezra Garner Memorial Market Building, Prentiss
Tuesday March 14, 2017 - MSU College of Veterinary Medicine, Starkville
Thursday April 6, 2017 - The Family Fish Camp, Meridian, MS
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

Join MCA

 
 
    
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