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 Dr. Brian Williams
Week ending
August 12, 2016
Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of August 4-August 11 averaged $116.91 for live sales, and $186.86 for dressed; respectively, down $2.03 and $1.06. Total volume sold was down 4,000 head from a week ago and up 37,000 head from last year.
Feeder steer cattle and calves were higher across the U.S. this week. Oklahoma City 500-550 pound steers were $6.00 higher while heavier 750-800 pound steers were $7.00 higher. Mississippi pasture conditions were slightly lower this week with 57% rated good or excellent, down 1% from a week ago. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $150.00, up $7.50 from a week ago, while heavy steers were averaging $127.50, up $3.50 from last week.
Futures:
Live cattle futures and feeder futures were lower this week. August live cattle were down $1.17 on the week and $21.15 lower than a year ago at $116.33, while December live cattle were down $0.65 from last week and down $32.70 from a year ago at 115.05. Feeder cattle were lower this week with August futures down $0.78 from last Friday and down $64.43 from a year ago at $149.07 while October futures are up $0.30 on the week at $144.25. Nearby corn futures are down $0.01 from a week ago at $3.22 while December futures are unchanged.
Beef:
Wholesale boxed beef prices are higher compared to a week ago. Choice boxes averaged $200.54, up $1.83 from a week ago. Select boxes ended the week with an average of $192.48, up $1.60 from last week. The choice-select spread widened from $7.83 a week ago to $8.06 this week.
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August
16 - Kemper CCA
18 - Wayne CCA
22 - Panola CCA
23 - Scott CCA
23 -Small producers Beef/ Forage Workshop, Centerville
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Uniontown Alabama
SELLING 335 HEAD
300 Bred heifers &
35 Open heifers
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University of Mississippi football players and coaches enjoyed a BEEF supper after a hard practice on Friday evening. Mississippi Beef Council along with Mississippi Cattlemen's and Mississippi Land Bank hosted the steak dinner for the Rebels. Members of Lafayette County Cattlemen's grilled the steaks and helped prepare the meal. Thank you to our sponsors: Mississippi Land Bank, M & N Excavators, Horne Farms, Bennett Construction, Lehman-Roberts Co., Heritage Builders, Vulcan Materials Co., and Riverside Traffic Systems. |
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World Supply and Demand Estimates
The United States Department of Agriculture’s World Supply and Demand Estimates were released on Friday morning (August 12, 2016). Beef production for 2016 was increased by 17 million pounds from last month’s estimate at 23.69 billion pounds. An estimated 25.8 billion pounds of beef are expected to be produced in 2017, up 15 million pounds from a month ago. Per capita consumption for 2016 was increased by 0.2 pounds per person to 55.3 pounds per person. On the crop balance sheet, corn yield for the 2016/17 crop year is projected at 175.1 bu/acre a 7.1 bu/acre increase over the July estimate. With the increase in yield, U.S. producers are expected to produce a record 15.1 billion bushels of corn. Although demand was increased across the board, ending stocks were revised up by 328 million bushels from a month ago.
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 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.
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June Retail Meat Case Sales
Here's the June summary of retail meat case sales. Compared to a year ago:
June beef dollar sales increased (+0.1%)
June beef pound sales increased (+9.7%), buoyed by Memorial Day weekend sales that were included with the June sales data
June's average price per pound for beef decreased (-8.8%)
June beef retail feature activity increased (+4.6%)
The average feature price decreased for beef (-6.6%)
Beef volume sold on feature represented 30.9% of total June beef pound sales. View More
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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.
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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.
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