March 21, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending March 18, 2016

Cash Cattle:
Cash traded fed cattle finished the week higher. The five-area fed steer price ended the week averaging $138.62 for live sales, and $224.37 for dressed; respectively, up $2.62 and $6.28. Total volume sold was up 9,000 head from a week ago and up 27,000 head from last year.
Feeder steer cattle and calves were mostly hihger across the U.S. this week. Oklahoma City feeder cattle were $8.00 higher for lightweights and $3.00 higher for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were up $7.50 from a week ago, averaging $200.00, while heavy steers were averaging $140.00, down $2.50 from last week.

Futures:
Live cattle futures and feeder futures were mostly lower this week. April live cattle were down $0.43 on the week and $19.08 lower than a year ago at $139.35, while August live cattle were down $0.28 from last week and down $25.30 from a year ago. Feeder cattle were also mostly lower this week with April futures down $1.60 from last Friday and down $55.20 from a year ago at $161.20 while August futures are down $2.83 on the week. Nearby corn futures are up $0.02 from a week ago at $3.66 while September futures are up $0.03.

Beef:                                                                                            
Wholesale boxed beef prices are up compared to a week ago. Choice boxes averaged $231.77, up $8.81 from a week ago and $14.27 lower than a year ago. Select boxes ended the week with an average of $221.61, up $7.43 from last week. The choice-select spread widened from $8.78 a week ago to $10.16 this week
 
 
 
 
 


THREE-MUSTARD BEEF ROUND TIP WITH ROASTED BABY CARROTS & BRUSSELS SPROUTS

  
Total Recipe Time: 2-3/4 hours
Makes 12 servings
 
 
 
 
 




March
24 - Stone CCA
24 - Simpson CCA
24 - George/Jackson CCA
26 - Ag Museum Easter Egg Hunt
26 - MS Agribition Sale,     
        Verona
31 - Holmes CCA
31 - Newton CCA

April
1 - Cool-season Forage Tour, Starkville 
5Cattlemen's Exchange Feeder Calf Board Sale
8 - Beef Cattle Boot Camp, Prairie Research Unit
9 - Mississippi Hereford Associaiton Field Day
15 - Beef Cattle Boot Camp, Coastal Plain Experiment
Station 
 
 
 
 
 
 
 
 
 
 


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

Beef cow numbers up 3% for United States-Canada

 
 
 
Although there were 4% more beef cows in the U.S. at the beginning of this year compared to last, there were slightly fewer year to year in Canada, according to the U.S. and Canadian Cattle report from USDA’s National Agricultural Statistics Service (NASS) this week.
Canada’s beef cow inventory Jan.1 was 3.8 million head, just about even with the prior year, but 1.9% less than in 2014.
The U.S. beef cow inventory began this year at 30.3 million head.
Combined, the beef cow inventory in both countries at the beginning of the year was 34.2 million head. That’s 3.1% more year to year and 3.6% more compared to 2014.
NASS reports the total combined January 1 inventory of both nations at 104 million head, 3% more than the previous year.
“It seem clear to me that expansion (U.S.) will continue in 2016 , albeit at a more moderate pace than 2015, and into 2017 as well,” explains Derrell Peel, Extension livestock marketing specialist at Oklahoma State University, in his market comments this week. “At this point, it seems likely that the herd will peak cyclically at an inventory somewhere between 31 and 33 million head. The ultimate total is a moving target that must be monitored along the way. Unfortunately, that will be more difficult given USDA’s recent announcement to suspend the July Cattle report. This means that there will be no indication of the size of the 2016 calf crop; the status of heifer retention; nor the estimated feeder supply until 2017.”
Source: Beefmagazine.com
 
 
 
 
 
March 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 (March 18, 2016). The report revealed that 10.777 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on March 1, 2016, up 0.77% from a year ago. Placements into feedlots during the month of January totaled 1.71 million head while marketings during the same month totaled 1.591 million head, up 10.25% and 4.95% from a year ago, respectively. All numbers were close to analysts’ expectations.
 
 
 
 
 
2016 Mississippi Beef Agribition
On Saturday, March 26, the Mississippi Beef Agribition will host its 19th Annual Sale at the Lee County Agri-Center in Verona. 
This year, over 150 open and bred, commercial females  will be offered. Also selling will be Angus, Simmental, Gelbvieh, & Ultrablack bulls. Sale begins at 12:30 p.m. 
Don't miss the trade show featuring vendors offering tractors, animal health supplies, livestock equipment, and much more.  
There will also be a BQA Training on Friday, March 25th for producers. Please register early so that plans can be made for the meal on Friday night.
​For more information follow this link: http://www.mississippibeefagribition.com

 
 
 
 
Mississippi Hereford Association Field Day
The Miss. Hereford Association will host a field day on Saturday, April 9, at Mississippi State University. Registration begins at 9 a.m. at the Vet School. The event is open to both adults and juniors. For more information click here.
 
 
 
 
 
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 Cattle Boot Camp
Make plans to attend one of the Beef Cattle Boot Camps to be held Friday, April 8 at the Prairie Research Unit   and April 15 at Coastal Plain Experiment Station.
The daylong program will cover management areas ranging from estate planning to bull selection. This workshop offers information of interest to both new producers and veterans.
Registration fees for the Beef Cattle Boot Camp are $35 per person in advance.
Check out the Extension Service brochure for details
 
 
 
 
 
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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