July 18, 2016

 
 
 
 

Monday Memo

 
 
 
 
Dr. Brian Williams​
Week ending July 22, 2016

Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of July 14-July 21 averaged $114.65 for live sales, and $184.83 for dressed; respectively, down $2.35 and $2.59. Total volume sold was up 1,000 head from a week ago and up 56,000 head from last year.  
Feeder steer cattle and calves were lower across the U.S. this week. Oklahoma City 500-550 pound steers were $5.00 lower while heavier 750-800 pound steers were steady to $1.00 lower. Mississippi pasture worsened slightly this week with 53% rated good or excellent, down 1% from a week ago.  In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $131.50, down $3.50 from a week ago, while heavy steers were averaging $115.00, up $1.00 from last week.  
Futures:
Live cattle futures and feeder futures were lower this week. August live cattle were down $0.95 on the week and $33.00 lower than a year ago at $109.98, while December live cattle were down $2.18 from last week and down $38.43 from a year ago. Feeder cattle were higher this week with August futures down $2.45 from last Friday and down $73.43 from a year ago at $136.93 while October futures are down $2.50 on the week. Nearby corn futures are down $0.16 from a week ago at $3.36 while December futures are also down $0.15. .
Beef:                                                                                           
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $201.39, down $4.61 from a week ago and $31.28 lower than a year ago. Select boxes ended the week with an average of $190.77, down $3.71 from last week. The choice-select spread narrowed from $11.52 a week ago to $10.62 this week. 
 
 
 
 
 

BEEF FRENCH DIP WITH AU JUS


Total Recipe Time: 
Makes 8 to 10 servings
 
 
 
 
 



August
1 - Homplace Producers Feeder Calf Board Sale, Hattiesburg
5 - 4-H/FFA Replacement Beef Heifer Development Contest, Raymond

 
 
 
 
 

 
 
 

This Puller has a unique design that allows a single person to control the complete process of hooking onto, pulling, and then releasing the T-Post from the seat of the tractor.  There is no need to clear brush, briars or worry about snakes or fire ants in the undergrowth.  With the positive locking it will ensure the post is coming out of the toughest ground.  With it’s all steel construction and durability this Puller will give you lasting use and reliability. 
Visit our Facebook page.
 
 
 
 
 
Southern Producers Heifer Sale
The 15th Annual Southern Producers Replacement Heifer Sale will be held on August 27th in Hattiesburg. For more information click here. 
 
 
 
 
Six Ways To Save
 
 
 
When it comes to shopping for beef, we know folks have a lot of questions. Use this handy guide for tips about how to save $$$ when buying beef - and be sure to pass it along to your friends!
 
 
 
 
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. 
 
 
 
 
 

July 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 (July 22, 2016).  The report revealed that 10.356 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on July 1, 2016, up 1.17% from a year ago. Placements into feedlots during the month of June totaled 1.525 million head while marketings during the same month totaled 1.912 million head, up 2.97% and 9.44% from a year ago, respectively. Placements were well below expectations while marketings and total number of cattle on feed were close to expectations.
 
 
 
 
 
Gaining Ground on Social Media
 During the third quarter of fiscal 2016, the checkoff’s following on producer-communications social-media platforms – Facebook, Twitter and YouTube – grew 111.7 percent to 35,952, up from 20,553 in the same quarter of FY15. Growth on Facebook lead the way, with a 170-percent increase in the number of followers in the year-on-year comparison, in addition to growth of 28.6 percent and 27 percent on Twitter and YouTube, respectively. Total reach of the combined social-media efforts surpassed 840,000 for the third quarter alone, while engagement (likes, comments, and shares) reached a combined 85,374 – up 8.59 percent from the same quarter last year. If you’re on social media and aren’t following My Beef Checkoff, it’s time to join the conversation!
 
 
 
 
 

New MCA Shirts
Need a cool, new shirt for summer? If so MCA now has Drake short sleeve, vented shirts for sale in Maroon and Steel Blue. The shirts can be purchased for $45 and can be ordered by calling the MCA office. 
 
 
 
 
 
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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