June 27, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending June 24, 2016

Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of June 16-June 23 averaged $116.09 for live sales, and $187.82 for dressed; respectively, down $4.94 and $7.21. Total volume sold was up 5,000 head from a week ago and up 53,000 head from last year.
Feeder steer cattle and calves were lower across the U.S. this week. Oklahoma City 500-550 pound steers were down $9.00 while heavier 750-800 pound steers were down $4.00. Mississippi pasture were steady this week with 63% rated good or excellent, unchanged from a week ago.  In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were down $10.00 from a week ago, averaging $135.00, while heavy steers were averaging $112.50, down $7.50 from last week.

Futures:
Live cattle futures and feeder futures were mixed this week. June live cattle were down $2.05 on the week and $33.90 lower than a year ago at $114.50, while August live cattle were down $1.65 from last week and down $37.68 from a year ago. Feeder cattle were higher this week with August futures up $2.47 from last Friday and down $77.60 from a year ago at $139.65 while October futures are up $2.03 on the week. Nearby corn futures are down $0.52 from a week ago at $3.85 while September futures are also down $0.53.

Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $216.82, down $8.71 from a week ago and $37.49 lower than a year ago. Select boxes ended the week with an average of $198.42, down $4.12 from last week. The choice-select spread narrowed from $22.99 a week ago to $18.40 this week.
 
 
 
 
 

GRILLED BALSAMIC STEAK AND TOMATOES


Total Recipe Time: 25 to 30 minutes
Makes 4 servings
 
 
 
 
 


June
28 - North MS 4-H Cookout
29 - South MS 4-H Cookout


July
15 - Alabama Stock Cattle Short Course, Greensboro, AL

August
1 - Homplace Producers Feeder Calf Board Sale, Hattiesburg
5 - 4-H/FFA Replacement Beef Heifer Development Contest, 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.
 
 
 
 
 
Need A New Tag?
Show your MCA support by purchasing a colored beef tag for the front of your vehicle. These metal tags can be purchased for $12. Call the MCA office for more details.
 
 
 
 
June 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 (June 24, 2016). The report revealed that 10.799 million head of cattle were in U.S. feedlots with a capacity of 1,000 head or larger on June 1, 2016, up 2.16% from a year ago. Placements into feedlots during the month of May totaled 1.884 million head while marketings during the same month totaled 1.794 million head, up 9.60% and 4.85% from a year ago, respectively. All numbers came in very close to analysts’ expectations. 
 
 
 
 
MS Agricultural Organization Policy Roundtable
MCA leadership gathered in Jackson last week for the MS Agricultural Organization Policy Roundtable. Over 35 ag organizations met to discuss how they can work together on issues facing agriculture. This meeting will open the door of communication and cooperation between ag groups on topics such as animal welfare, GMO's, Farm Bill, and many others.
 
 
 
 
 
Feeder Calf Board Sale
The Homeplace Producers Feeder Calf Board Sale is scheduled for Monday August 1, 2016 in Hattiesburg, MS. This sale is unique in that cattle are marketed by video and are not on site. The primary advantage of these sales is that they accommodate a large number of feeder calves that might not all be ready to ship on a certain day by giving the flexibility to arrange for future delivery. These sales have been deemed a large success by both sellers and buyers alike.
For more information or to nominate a group of cattle please visit the Board Sale Page.
 
 
 
 
 

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. 
 
 
 
 
 
BCIA Newsletter
The June 2016 issue of the Mississippi Beef Cattle Improvement Association newsletter is now available.  Current and past issues of the MBCIA newsletter are available online click here.
 
 
 
 
 
Stocker Cattle Short Course
A one day stocker cattle management course will be held on July 15, 2016 in Greensboro, Alabama.
Topics to be covered will include the following: Feedlots, Economics, Nutrition, Health, and Marketing. 
The event is free to all producers and lunch will be provided. Please RSVP to Brenda Glover, Animal Science & Forages REA at 334-321-8828 by Friday July 8. For more information click here.
 
 
 
 
 
Do You Have The App?
The MSUES Cattle Calculator App is now available for download for Apple and Android devices. Cattle Calculator allows beef cattle producers to make quick everyday calculations important for their operations. Calculations related to reproductive management, animal performance, and management decisions are available . Reproductive calculations include: calving date based on a known breeding date, breeding date based on a known calving date, number of days pregnant based on today's date and a breeding date, and a breeding season calculator which provides calving and breeding dates based on a set breeding season. Animal performance calculations include: Adjusted birth weight, weaning weight, and yearling weight, average daily gain and required gain. Management calculation include: dosage calculations for dewormers and medicines given an animal weight and manufacturer's recommended dosage, frame score calculations, trailer stocking density, and yield grade.
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

 
 
    
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