November 7, 2016

 
 
 
 

Monday Memo

 
 
 
 




November

  8 - Elections
10 - BCIA Bull & Heifer Sale,             Raymond
10- Calhoun CCA
15 - Delta Cattlemen's
       Association 
15 - Greene CCA
17 - Webster CCA
 
 
 
 
 

SALISBURY STEAK WITH BEEF GRAVY


Total Recipe Time: 50 minutes
Makes 4 servings.
 
 
 
 
 
Wheels for Bucks
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.
 
 
 
 
 
 
Mississippi Grad Program
November 19-20
Crossroads Arena, Corinth, MS
Stock Show University &
Southern Bells Show Heifer Sale
 
 
 
 
 
Applications Now Online
Applications for the Mississippi CattleWomen's Association and Mississippi Cattlemen's Foundation scholarships are posted online at the MCA website www.mscattlemen.org.
Scholarships will be presented at the annual convention in February. Deadline to enter is December 20, 2016.
 
 
 
 
 
Mark Your Calendar
Mississippi Cattlemen's Association Convention and Trade Show will be February 10 & 11, 2017 at the Trade Mart in Jackson. The convention will highlight the accomplishments of the association and its members as well as educational programs for producers. 
 
 
 
 
 
Membership Drive Is Underway!
We have several exciting new prizes such as a 18" Stihl Chainsaw or a pair of Stetson or Roper Boots for the winning recruiters. 
For the counties that meets their membership goals then they will be put into a drawing for a dinner prepared and served by MCA steering committee and staff at their next county meeting. 
For more information contact the MCA office. 
Go online to join or renew click here.
 
 
 
NCBA and PLC File Opening Brief in WOTUS Legal Battle
 
 
 
The National Cattlemen’s Beef Association and the Public Lands Council, along with other industry and municipal stakeholders, filed the opening brief today in the Sixth Circuit Court of Appeals calling for the Environmental Protection Agency and the Army Corps’ “waters of the United States” rule to be invalidated. Tracy Brunner, NCBA president and Kansas cattle producer said subjectivity and egregious overreach by the agencies is of grave concern for landowners nationwide. 
“Cattlemen and women have long asked for clarity in the Clean Water Act, yet this rule adds subjectivity,” said Brunner. “By violating fundamental tenets of administrative law and expanding jurisdiction well beyond the text and structure of the Clean Water Act, it is very clear the WOTUS rulemaking was flawed from start.” 
The opening brief details how the agencies disregarded the statutory and constitutional limits of federal authority, lobbied on their own rule making, and failed to craft a rule that meets the rigors of the law.
PLC President Dave Eliason said WOTUS is just one example of the onslaught of regulations that rural America is facing. 
“Regulatory overreach is becoming the norm for farmers, ranchers and small businesses across the country, hampering economic growth and threatening the stability of many rural communities,” said Eliason. “Unfortunately, because Congress has repeatedly failed to act on this issue, we are fighting the legal battle to keep this rule from being implemented.”
 
 
 
 
 
September Summary of Retail Meat Case Sales
Compared to a year ago, September 2015.
* Beef dollar sales decreased (-4.8%)
* Beef pound increased (+5.0%) while the total meat category increased (+2.9%)
* Average price per pound for beef decreased (-9.4%) 
* Beef retail feature activity increased (+6.4%)
* Average total meat feature price decreased (-6.8%) in August. The average feature price decreased for beef (-10.4%)
Read full report here.
 
 
 
 
 
Cattle Outlook For The Week Ending Nov 5th
There has been some good news for the economy lately. Third quarter GDP growth rebounded to 2.9% and the October unemployment rate declined to 4.9%. That should be positive for meat demand.
The Federal Reserve Bank did not raise interest rates at their November meeting. A rate hike is expected in December.
The Livestock Marketing Information Center estimated cattle feeding losses at $160.53 per steer for September closeouts. That was the biggest loss since February, but less than half the loss of September 2015. Better returns to feeding would help slow the decline in feeder cattle prices.
Fed cattle prices were a bit higher this week on heavy sales volume. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $104.47/cwt, up $1.34 from last week's average, but down $25.97 from a year ago. The 5-area dressed steer price averaged $162.59/cwt, up 82 cents from the week before, but down $42.15 from a year ago. This is the third consecutive week with higher fed cattle prices.
Beef cutout value is higher this week. This morning, the choice boxed beef cutout value was $189.02/cwt, up $5.91 from the previous Friday. The select carcass cutout this morning was $173.75/cwt, up $3.86 from last week. The choice-select spread remains large at $13.22/cwt
This week's cattle slaughter totaled 606,000 head, down 1.6% from last week, but up 7.4% from a year ago. Year-to-date cattle slaughter is up 5.0% and beef production is up 5.1%.
The average steer dressed weight for the week ending on October 22 was 915 pounds, unchanged from the week before, down 12 pounds from a year ago, and below the year-ago level for the 25th consecutive week.
Cattle prices were higher this week at the Oklahoma City auction. Feeder steer prices were $3 to $6 higher and stocker steers were $3 to $8 higher than last week. Prices for medium and large frame #1 steers by weight group were: 400-450# $138-149, 450-500# $138-$149, 500-550# $130-$142, 550-600# $111-$132, 600-650# $109-$129, 650-700# $113-$132, 700-750# $111-$130.50, 750-800# $117.50-$131, 800-900# $118-$136.50, and 900-1000# $119-$130.75/cwt.
Live cattle futures were mixed this week. The December live cattle futures contract settled at $102.72/cwt today, down $1.63 for the week. February fed cattle settled at $104.30/cwt, down 62 cents from the previous Friday. April fed cattle futures settled at $104.35/cwt, up 10 cents from the previous Friday. June live cattle gained 53 cents to settle at $96.70/cwt.
Thanks to lower corn prices, feeder cattle futures gained ground this week. November feeder cattle futures ended the week at $125.62/cwt, up $4.07 from a week earlier. January feeder cattle gained $1.85 this week to settle at $117.85/cwt. The March contract closed the week at $115.32/cwt, up $2.17 for the week.
Source:  Ron Plain and Scott Brown University of Missouri Extension 
 
 
 
 
 
BCIA Sale This Week
The Mississippi Beef Cattle Improvement Association Bull & Heifer Sale will be held Thrusday, November 10 at Hinds Community College. The sale catalog is posted online.
An educational program and supper is scheduled for 6:30 p.m. on November 9.
Consignments include:
23 Bulls
32 Bred Heifers
  4 Open Heifers
To view the sale catalog click here.
 
 
 
 
 
Beef Producer Input Sought for 2016 National Beef Quality Audit
The survey can be accessed at the Beef Quality Assurance website and will close on Friday, November 18.
Upon completing the survey, participants can choose to enter for a chance at winning a YETI® Tundra 75 Marine Cooler.
The survey will be completely anonymous and include both information about the industry’s cattle operations and the opinions of the people who run them about the strengths and weaknesses of the industry. Input from every segment of the industry – cow-calf, stocker, feeder, dairy and others – is valued and will become part of the detailed picture of the U.S. cattle industry. The survey can be accessed at the Beef Quality Assurance website at http://www.bqa.org/nbqa-producer-survey.
Final results of the 2016 NBQA will be released in July, 2017. For information on past beef quality audits, visit here.  Read the complete press release here.
 
 
 
 
 
Registration Open for 2017 Cattle Industry Convention and NCBA Trade Show
Registration and housing for the 2017 Cattle Industry Convention and National Cattlemen’s Beef Association Trade Show is now open. The 120th annual convention will be held in Nashville, Tenn., Feb. 1-3, 2017. Advanced registration is open until Jan. 4, 2017. Convention participants will hear from industry leaders, gather insight on industry trends, and enjoy an evening of stars and guitars at the Country Music Hall of Fame as well as an exclusive event at the famous Grand Ole Opry.  NCBA President Tracy Brunner said this convention is a must for everyone involved in the cattle industry.
“The Cattle Industry Convention is the oldest and largest national convention in the cattle business,” Brunner said. “We look forward to another great meeting in a great location for cattle producers. Once again, NCBA will have one of the largest trade shows in agriculture and revisit one of our favorite cities, with great entertainment around every corner.”
In addition to access to all of the 2017 convention events, registrants for the full convention will receive a 50 percent off coupon for Roper and Stetson apparel and footwear at the NCBA Trade Show. To register and secure housing for the 2017 Cattle Industry Convention and NCBA Trade Show, visit 
www.beefusa.org
 
 
 
 
 
Black Angus & Sim-Angus Fall Bull Sale
November 19, 2016 • Noon
Vernon, AL
Selling 65 Bulls
For more information visit: 
 
 
 
 
















November 11, 2016
At Barnes Herefords Sale Facility • Cedartown, GA 
For more information visit: 
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

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