October 3, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending 
September 30, 2016

Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of September 22 - September 29 averaged $103.36 for live sales, and $161.92 for dressed; respectively, down $3.27 and $5.98. Total volume sold was up 19,000 head from a week ago and up 40,000 head from last year.
Feeder steer cattle and calves were mostly lower across the U.S. this week. Oklahoma City 500-550 pound steers were down $11.00, averaging $138.39 while 750-800 pound steers were down $8.00 averaging $129.58. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $125.00, down $2.50 from a week ago, while heavy steers were averaging $103.00, down $7.00 from last week.

Futures:
Live cattle futures and feeder futures were lower this week. October live cattle were down $8.43 on the week and $21.20 lower than a year ago at $98.90, while December live cattle were down $6.75 from last week and down $31.38 from a year ago at $100.13. Feeder cattle were lower this week with October futures down $9.38 from last Friday and down $52.70 from a year ago at $123.00 while November futures are down $10.30 on the week at $119.43. December corn futures are up $0.01 from a week ago at $3.36 while March futures are up $0.01.

Beef:
Wholesale boxed beef prices are higher compared to a week ago. Choice boxes averaged $188.63, up $2.15 from a week ago. Select boxes ended the week with an average of $179.20, down $0.27 from last week. The choice-select spread widened from $7.01 a week ago to $9.43 this week.
 
 
 
 
 

CHIPOTLE-MARINATED BEEF FLANK STEAK


Total Recipe Time: 30 minutes
Makes 4 to 6 servings
 
 
 
 
 


October 
 9 - MJCA Annual Meeting
20 - Marshall CCA
27 - Stone CCA Bull Test
27 - Cattlemen's College, Hattiesburg
28 - Cattlemen's College, Batesville

 
 
 
 
 

MCPHAIL LAND & CATTLE DISPERSAL
October 9, 2016
10:00 a.m. 
Abilene, TX
Taylor Co. Expo Center
280 HORSES SELL – ONE BRAND
100 HEAD SELL - UNDER SADDLE
Including 45 geldings
Approximately 50% are Buckskins & Palominos.

See the Catalog at www.trihorse.com
Jim Ware’s
Triangle Sales
(405) 275-2196
 
 
 
 
 
 
 
 
 
 
Open Simmental & Simbrah Show
The Mississippi State Fair Open Simmental Simbrah Show will be held at 5 pm, on Friday, Oct. 7, 2016. 
Breeds showing are Purebred Simmental, Percentage Simmental, Simbrah, and Percentage Simbrah.  Check-in will be  held 9:30 am-12:00 pm on Friday.
Entries are $20 per animal and deadline is Oct. 1, 2016.  Late entries will be $40 per animal and no entries will be accepted beyond Oct. 5th.  
​For more info. contact: deenabranum@hotmail.com
 
 
 
 
 
Open Hereford Show
The Mississippi Hereford Association Open Hereford show will be Saturday, October 8 at 2 p.m. at the State Fair. Exhibitors must be a member of MHA or MJHA. New members are welcome! Entries ($20) are due Sept. 23 to avoid late fees. Membership forms, entry forms and more information available at Mississippiherefords.com
 
 
 
 
 
MS Junior Open Brangus Show
The Mississippi Junior Brangus Open Show will be held at 2 pm, on Friday, Oct. 7, 2016 at the Judging Arena at the MS State Fairgrounds.  
To pre-enter please email entries to  csulliv4@bellsouth.net or contact Roby Sullivan at rsulmhall@yahoo.com.
You must be a member of the Mississippi Junior Brangus Association to show!
 
 
 
 
MCA Opposes Proposed Estate Tax Regulations 
 
 
 
The Mississippi Cattlemen's Association and National Cattlemen’s Beef Association along with more than 3,800 organizations and family-owned enterprises sent a letter to Treasury Secretary Jacob Lew adamantly opposing and asking for withdrawal of the newly proposed estate tax regulations by the Department of Treasury. The proposed regulations under section 2704 of the Internal Revenue Code would permanently change estate planning for families that own a controlling interest in a privately-held entity. 
“The proposed guidance is one of the most sweeping changes to estate tax policies in the last 25 years and would be detrimental to active enterprises and family-owned businesses that employ millions of workers throughout the nation,” the letter reads. “In particular, these rules would impose significant new tax costs on family-owned businesses, diverting capital from business investment, costing jobs and threatening the ability of families to pass businesses on to the next generation of owners.” 
Danielle Beck, NCBA director of government affairs, said the regulations would eliminate or greatly reduce available valuation discounts for family-related entities, which in turn increase the tax associated with common transfers including inheritance.
“These proposed regulations would eliminate or greatly reduce marketability for family related entities, effectively discouraging families from continuing to operate or grow their businesses and pass them on to future generations,” said Beck. “Producers are often forced into selling land or cattle in order to pay the tax, and in some cases, are put out of business. The Administration is causing unnecessary economic harm to family businesses.”
NCBA urges the Department of Treasury to withdraw the proposed estate tax regulations.
 
 
 
 
Membership Drive
Don't forget the 2016 Membership Drive is underway! We have several exciting new prizes this year for not only winning recruiters but also winning counties. 
If your county meets its membership goal then the 
county be will put into a drawing for a dinner prepared and served by MCA steering committee and staff. 
For more information contact the MCA office. 
 
 
 
 
Ag Fun Day
MCA staff attend the Oktibbeha County Co-op's Check-r-board and Ag Fun Day on Saturday in Starkville. Families in the area were invited to attend to learn more about agriculture.
 
 
 
 
 
Free Webinar 
Don't Get Caught Off Guard - Preparing For Changing Antibiotic Regulations
October 27, 2016 • Time: 7 pm Central
Register now!
The new Veterinary Feed Directive (VFD) for medically important feed-grade antibiotics will take effect on Jan. 1, 2017. Join the webinar to hear the latest information on how cattlemen and the cattle industry can prepare for these changing antibiotic use regulations. Mike Murphy DVM, JD, PhD (FDA Veterinary Medical Officer, Office of the Director, Center for Veterinary Medicine) and Tom Portillo, DVM (Manager of Animal Health & Wellbeing, Friona Industries and 2016/17 President of Academy of Veterinary Consults) will provide brief presentations followed by a Question & Answer session.
Visit beefusa.org for more information and to register.  This webinar is open to all cattle producers, educators, media, allied industry, etc. - feel free to share.
 
 
 
 
 
Save The Date!
Make plans this fall to attend one of two Cattlemen's Colleges that MCA will be hosting. The first College will be held in Hattiesburg on October 27. and the following day at Batesville in conjunction with the North MS Beef Expo. The programs are free to the public. Both programs will offer workshops on marketing, forages, animal health, and cattle grading. 
Click here to pre-register for Cattlemen's College
 
 
 
 
 

Beef Barn on the Midway!
It is that time of year again!!
The Mississippi State Fair will kick off Wednesday at 5:00 p.m. with a parade and much fanfare. MCA will have the Beef Barn open from 10 a.m. to 10 p.m. daily with Cattlemen's Ribeye Steak Sandwiches, Bully Burgers, All Beef Hot Dogs and Brisket Sandwiches. Make plans to come to the fair and support MCA!  We still need volunteers to help work a few shifts during the fair. If you would like to help please give the office a call and see what times are available.
 
 
 
 
 

Are You BQA Certified?
Four BQA meetings have been scheduled through out the state this fall. The cost to become BQA certified is $15 to cover BQA manual, vaccine cooler, and three-year certification. 
October 4- Southeast Mississippi Livestock, Hattiesburg
For pre-registration contact the MSU Extension at 662-325-3516 or mquinn@ads.msstate.edu.
 
 
 
 
 
2017 Convention Internships
NCBA is seeking minimum junior-level college students for a one-of-a-kind internship opportunity for the 2017 Cattle Industry Convention. Qualifying applicants must be able to work January 29-February 4, 2017 in Nashville, TN. Although this is unpaid work experience, selected applicants will receive convention registration, lodging, and some meals. Students are responsible for their own travel to and from Convention, along with incidental expenses. Please click here for more information and to apply. Applications are due on Friday, October 7, 2016
 
 
 
 
 
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.
 
 
 
 
 
Membership Director
After two years at MCA, Cassie St.Amant is leaving to pursue another career in the agriculture industry. Cassie was a MJCA member and served as MBC intern while attending Mississippi State University. She began working full-time as our Membership Director and Beef Barn Coordinator in December 2014.
The MCA team thanks Cassie for her service to the association and wishes her luck in the future. 
For more information on the Membership Director position please click here.  
 
 
 
 
 
Cattlemen's Foundation Car Tag
Do you have a MCF "Our Heritage" car tag? If not please consider purchasing one for your vehicle, proceeds benefit the MCF scholarship program. Last year MCF gave away over $45,000 in scholarships and thanks to the Mississippi CattleWomen's Association,  Butch Withers Family, and The Wax Company a total of $82,000 was awarded.
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

 
 
    
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