November 21, 2016

 
 
 
 

Monday Memo

 
 
 
 






Dr. Brian Williams​
Week ending 
November 18, 2016

Cash Cattle:
Cash traded fed cattle were higher this week. The five-area fed steer price for the week of November 10 – November 17 averaged $107.92 for live sales, and $169.92 for dressed; respectively, up $5.20 and $10.92. Total volume sold was up 19,000 head from a week ago and up 58,000 head from last year.
Feeder steer cattle and calves were higher across the U.S. this week. Oklahoma City 500-550 pound steers were up $9.00, averaging $146.14 while 750-800 pound steers were up $2.00 averaging $127.54. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $128.00, up $1.50 from a week ago, while heavy steers were averaging $102.50, up $4.50 from last week.

Futures:
Live cattle futures and feeder futures were higher this week. December live cattle were up $2.60 on the week and $21.33 lower than a year ago at $108.30, while April live cattle were up $2.85 from last week and down $23.50 from a year ago at $109.00. Feeder cattle were higher this week with January futures up $4.33 from last Friday and down $37.60 from a year ago at $125.38 while March futures are up $3.60 on the week at $121.10. December corn futures are up $0.06 from a week ago at $3.46 while March futures are also up $0.04.

Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $182.98, down $2.49 from a week ago. Select boxes ended the week with an average of $167.63, down $2.59 from last week. The choice-select spread widened from $15.25 a week ago to $15.35 this week.
 
 
 
 
 




November
29-  Pontotoc CCA

December
6 - Scott CCA
 
 
 
 
 

HERB-TOPPED BEEF ROAST WITH ROASTED CAULIFLOWER


Total Recipe Time: 1-3/4 to 2-1/4 hours
Makes 12 to 16 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.
 
 
 
 
 
 
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.
 
 
 
 
 
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. 
The counties that meet their membership goals 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.
 
 
 
 
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. 
 
 
 
 
Mississippi Hay Directory
 
 
 
The Mississippi Hay Directory is designed to assist Mississippi livestock producers in locating hay supplies. The list (PDF) provided includes information from individuals and businesses who have submitted a Mississippi Hay Directory Listing Submission Form indicating that they have hay for sale. Listings expire after 60 days.
To look at the available hay click here.
For more information on how cattlemen can deal with drought, Mississippi State Extension has a publication online: Mississippi Beef Cattle - Producer Guide to Coping with Drought Conditions.
For additional hay listings in Mississippi, please visit the Mississippi Market Bulletin online at http://www.msmarketbulletin.org/ 
 
 
 
 
 
Federation of State Beef Councils Earmarks $940,000 for Beef Demand-Building Efforts
Facing low cattle prices and increasing supplies of beef, and with strong encouragement from its state beef council partners, the Federation of State Beef Councils at the National Cattlemen’s Beef Association will invest nearly $1 million of reserve funds in international and national beef promotions to increase demand for beef.
The Federation Executive Committee voted for this additional spending at an NCBA Executive Committee meeting Nov. 1. The $940,000 investment, from Federation reserves, will be spent in the following areas:
·    $260,000 to the U.S. Meat Export Federation for a promotion with national retail chains in Japan. The promotion is expected to move an additional 6.9 million pounds of beef;
·   $140,000 to the U.S. Meat Export Federation for regional retail promotion campaigns in Japan. The promotion could move another 2.75 million pounds of beef;
·  $200,000 to the U.S. Meat Export Federation for a Korean beef promotion with national retail and second tier discount chains. The effort is expected to incrementally move about 5.8 million pounds of beef;
·   $40,000 to the U.S. Meat Export Federation for an Asian island promotion targeting a quickly-growing tourist destination which has growth opportunities for beef; and
·    $300,000 to NCBA, for an Ibotta promotion that targets millennials in larger cities and encourages greater beef purchases in retail stores. Ibotta is a smartphone app that shares beef information with consumers, then allows them to obtain cash rebates based on their retail beef purchases.
 According to Steve Hanson, a beef producer from Elsie, Neb., and chairman of the Federation of State Beef Councils, the Federation Executive Committee moved quickly to approve these additional investments. He said the Federation intends to add a spark to beef demand at a time when producers are feeling a squeeze in their own bottom lines.
“Our state beef council partners communicated to national leadership the importance of using every opportunity to use checkoff resources to build demand in the face of cattle market challenges,” Hanson said. “In both the international and national beef markets, our producer leaders identified these new investments as a chance to quickly and directly make a difference in beef demand.” 
 
 
 
 
 
McDonald's Investor Renews Push for Antibiotic Reduction in All Meat
A McDonald's Corp shareholder is redoubling efforts to convince the fast-food chain to stop all of its global restaurants from serving the meat of animals raised with antibiotics that are vital for fighting human infections.
More than 70 percent of medically important antibiotics in the United States are sold for livestock use. Scientists have warned that the routine use of antibiotics to promote growth and prevent illness in healthy farms animals contributes to the rise of dangerous, antibiotic-resistant "superbug" infections, which kill at least 23,000 Americans each year and pose a significant threat to global health.
The Congregation of Benedictine Sisters of Boerne, Texas, asked directors at McDonald's to prohibit the use of medically important antibiotics in its global poultry supply chain. McDonald's already has adopted that policy for the chicken served in its U.S. restaurants.
The group also asking the fast-food chain to set global targets and timelines for switching to pork and beef raised without the non-therapeutic use of medically important antibiotics.
Just over 20 percent of McDonald's shareholders voted in favor of a similar proposal at this year's annual meeting. The sisters pulled a prior resolution after McDonald's announced its plans to change its policies on chicken in the United States.
The sisters aim to have shareholders vote on the new proposal at McDonald's 2017 annual meeting.
McDonald's told Reuters it continues "to engage with key experts, including some who serve as advisors to the World Health Organization (WHO), to advance progress across the industry."
The company said its current policy "provides guidance to our suppliers in parts of the world where the industry does not yet have systems in place that would allow them to verify compliance throughout the supply chain."
Sister Susan Mika said the resolution is part of an ongoing process.
"I said we will be back," Mika said in a phone interview. "We want them to set goals and to be moving in a certain direction. We expect them to be a leader in taking on these questions of our time."
The sisters are part of the Interfaith Center on Corporate Responsibility, which along with ShareAction, Farm Animal Investment Risk & Return Initiative and As You Sow, also are targeting companies such as Sanderson Farms and Yum Brands Inc with similar campaigns aimed at preserving the efficacy of antibiotics.
 
 
 
 
 
Past MCA President Interviewed About Drought Conditions
MCA Past President Gale Martin was interviewed by WLBT about the drought conditions effecting many of the cattlemen in the state. 
For the interview click here
 
 
 
 
 
Greene County Cattlemen's
Producers in Greene County meet for their fall membership meeting. Greg Brown with Anipro was the sponsor of the meal. 
 
 
 
 
 
Wilkinson County Cattlemen's
A large group of cattlemen in Wilkinson County meet at Vines Brothers Meat Market and Restaurant for their annual meeting. Andy Berry spoke to the producers about MCA programs and activities. 
 
 
 
 
 
Feedlots Chew Through Cattle Supplies
Feedlots continued a strong marketing pace in October with marketings up 4.6 percent year over year, despite one less business day in the month.  October placements followed the September monthly decrease with another 5 percent reduction in placements year over year.  The combination of large marketings and fewer placements left the November 1, 2016 cattle on feed inventory down 1.3 percent from one year ago. Despite the year over year decreases in placements in September and October, total feedlot placements are up 673,000 head from 2015, a 3.9 percent increase for the year to date.  However, year to date feedlot marketings through October are up an impressive 5.2 percent year over year, some 855,000 head more than the same period last year.  In fact, in the last six months, the year over year increase in feedlot marketings has been more than double the increase in the number of cattle placed in feedlots compared to last year.
The faster pace of cattle movement through feedlots has translated in more cattle slaughter and more beef production in 2016 than previously expected.  Year to date beef production is up 5.3 percent from last year.  Steer slaughter, in particular, has exceeded expectations this fall and is up nearly 7 percent year over year so far this year, though is expected to moderate to smaller year over year increases for the remainder of the year.  Additional steer slaughter, combined with year over year increases in heifer and cow slaughter have pushed total cattle slaughter up 5.6 percent so far this year.  Increased slaughter is partially offset with lower carcass weights since May.  Weekly steer carcass weights have averaged 9 pounds less since May with heifer and cow carcass weights down about 2 pounds on a weekly average basis. Carcass weights have been down from last year’s record levels despite excellent feeding conditions this fall.  Both steer and heifer carcass weights appear to have peaked seasonally the last week of October and should decline for the remainder of the year.  The first winter storm which covered the central and northern plains last week may help pull carcass weights down faster in November.
 The decrease in feedlot placements in September and October likely means that some feeder cattle are being retained and will be pushed into next year. Certainly there has been plenty of market incentive for cattle to be retained out in the country this fall.  This may result is some additional increase in feeder supplies in 2017 on top of growing feeder supplies due to a bigger 2016 calf crop.  (Remember, however, that growing domestic feeder supplies are being partially offset by a 29 percent year over year decrease in Mexican and Canadian feeder cattle imports so far this year, totaling 336,000 head fewer imports through September.) These delayed fall feeder cattle are not expected to burden feeder markets excessively unless they get bunched up next spring.  However, these retained feeders are being held in a wide variety of stocker and backgrounding programs across the country and will likely be spread out in weight and timing next spring.  Wheat pasture stocking has been slow this fall and additional stocker placements on wheat may continue after January 1 as producers look to graze out more wheat acres unless wheat market prospects improve significantly. 
Source:  Dr. Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist
 
 
 
 
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