March 28, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending March 25, 2016

Cash Cattle:
Cash traded fed cattle finished the week lower. The five-area fed steer price for the week of March 17-24 averaged $136.01 for live sales, and $217.70 for dressed; respectively, down $2.61 and $6.67. Total volume sold was up 2,000 head from a week ago and up 16,000 head from last year.
Feeder steer cattle and calves were mostly lower across the U.S. this week. Oklahoma City feeder cattle were $3.00 lower for lightweights and $4.00 lower for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were down $6.50 from a week ago, averaging $193.50, while heavy steers were averaging $151.00, up $11.00 from last week.

Futures:
Live cattle futures and feeder futures were lower this week. April live cattle were down $3.50 on the week and $26.75 lower than a year ago at $135.85, while August live cattle were down $2.05 from last week and down $29.15 from a year ago. Feeder cattle were also lower this week with April futures down $5.38 from last Friday and down $63.10 from a year ago at $155.83 while August futures are down $3.63 on the week. Nearby corn futures are up $0.03 from a week ago at $3.69 while September futures are up $0.02.

Beef:                                                                                            
Wholesale boxed beef prices are down compared to a week ago. Choice boxes averaged $226.62, down $5.15 from a week ago and $22.30 lower than a year ago. Select boxes ended the week with an average of $217.80, down $3.81 from last week. The choice-select spread narrowed from $10.16 a week ago to $8.82 this week.
 
 
 
 
 

QUICK BEEF FAJITAS WITH PICO DE GALLO

  
Total Recipe Time: 25 minutes
Makes 4 servings
 
 
 
 
 

 March
29 - Prentiss CCA
31 - Holmes CCA
31 - Newton CCA

April
7 - Cool-season Forage Tour, Starkville 
7 - Beef & Poultry Expo, Raleigh
8 - Beef Cattle Boot Camp, Prairie Research Unit
9 - Mississippi Hereford Associaiton Field Day
15 - Beef Cattle Boot Camp, Coastal Plain Experiment
Station 
 
 
 
 
 
 
 
 
 
 

April 30, 2016
On the farm, Canton, MS
 
 
 
 
 
April 2, 2016
Groesbeck, Texas
 
 
 
 

Frazier Named to Lead NCBA

 
 
 
The National Cattlemen’s Beef Association has named Kendal Frazier its new chief executive officer. NCBA president Tracy Brunner made the announcement, saying he is confident that the nation’s oldest and largest cattle industry association is in good hands. “It was the belief of the officers and others involved with the search process that NCBA owed it to our members, our stakeholders and the beef community to take our time as we selected the right individual to serve as the next chief executive officer,” said Brunner. “Today, we can say with confidence that Kendal Frazier is the right leader for the association. With many years of experience working for state and national beef organizations, he has helped to guide our industry through some of its greatest challenges.     “Kendal’s dedication to NCBA and his leadership abilities have been tested and proven while serving as interim CEO since June 2015. During that time, NCBA has not wavered from its responsibility to its members and affiliates as a grassroots policy organization. Likewise, NCBA has continued its partnership with state beef councils to protect and increase beef demand.” Frazier said he is honored and excited for the opportunity to serve as CEO. “My priorities as CEO will be working with NCBA’s stakeholders and other organizations to vigorously oppose the continued assault by the government on private property rights; work to expand and open markets around the world for U.S. beef; increase trust in U.S. beef production and ensure consumers fully understand the importance of beef’s role in their diets," said Frazier. "By focusing on these key areas, we ensure there is a prosperous future for the next generation of cattlemen and women. “It has been my privilege to serve our industry. I have spent my career working with and for beef producers, so I am well versed in the many challenges and exciting opportunities that face our industry. I’m looking forward to working with NCBA’s leadership, membership, staff, state affiliates, state beef councils and other stakeholders.”    Frazier was raised on a diversified cattle and grain operation in south-central Kansas. He is a graduate of Kansas State University and began his career as a farm broadcaster for WIBW Radio/Television before joining the staff at Kansas Livestock Association as director of communications. He joined the staff of the National Cattlemen’s Association in 1985 and has held several staff leadership roles during his career with the association. “As CEO, I will continue to focus on working to ensure we are implementing NCBA’s contributions to the Industry Long Range Plan," said Frazier. "We will also ensure that we are delivering on NCBA’s member-directed policy priorities and executing NCBA’s Strategic Plan. These documents are the roadmap for NCBA and by delivering on their promises, we will ensure success for NCBA, our members and our industry.” 
 
 
 
 
 
Easter & Beef
Agriculture & Forestry Museum held their annual Easter Egg Hunt on Saturday and Mississippi Beef Council was a part of the great event. Kids along with their parents got the chance to enjoy an all BEEF hotdog from Mississippi Beef Council. Over 2100 attended the event and received recipes and other BEEF information. 
 
 
 
 
 
2016 Mississippi Beef Agribition
On Saturday, March 26, the Mississippi Beef Agribition  hosted its 19th Annual Sale at the Lee County Agri-Center in Verona. 
This year, 142 head grossed $279,750. 39 cow/calf pairs averaged $2,497 with the high selling lot at $3,000, 20 heavy bred females averaged $2,015, 20 short bred females averaged $1,705, 47 open heifers averaged $1,301 with the high selling lot going for $1,650. Fifteen bulls sold with 13 Angus bulls averaging $2,796, 1 Gelbvieh $2,400, and 1 Ultrablack $2,800. One fancy show heifer brought $4,900.

 
 
 
 
Mississippi Hereford Association Field Day
The Miss. Hereford Association will host a field day on Saturday, April 9, at Mississippi State University. Registration begins at 9 a.m. at the Vet School. The event is open to both adults and juniors. For more information click here.
 
 
 
 
 
Support MCA Programs
Purchase your ticket to win a Dixie National champion steer donated to MCA by Southern AgCredit. Drawing will be held on April 13, 2016.
The steer will be custom packed for your convenience.
 
 
 
 
 

Beef Cattle Boot Camp
Make plans to attend one of the Beef Cattle Boot Camps to be held Friday, April 8 at the Prairie Research Unit and April 15 at Coastal Plain Experiment Station.
The daylong program will cover management areas ranging from estate planning to bull selection. This workshop offers information of interest to both new producers and veterans.
Registration fees for the Beef Cattle Boot Camp are $35 per person in advance.
Check out the Extension Service brochure for details
 
 
 
 
 
BQA Training Scheduled
The Mississippi Beef Quality Assurance (MS-BQA) Program identifies areas in beef production where defects in quality occur. The MS-BQA Program is a cooperative effort between beef producers, veterinarians, nutritionists, and professionals from the Mississippi Cattlemen’s Association, Mississippi Farm Bureau Federation, MSU Extension Service, and MSU College of Veterinary Medicine, who believe that cattle managed under BQA guidelines will be less likely to contain a violative residue, injection-site tissue damage, or foreign metal such as broken needles.
Several face to face BQA trainings are scheduled  throughout the state. These meetings are being hosted in partnership with local sale barns. A certification fee of $15 is required and includes manual, vaccine cooler, and bumper sticker. Certifications begin at 6:30.
March 29, 2016- Adams County Extension Office, Natchez
April 14, 2016 - Glenwild Stockyard, Grenada
April 19, 2016 - Gowan Stockyards, Kosciusko
April 21, 2016 - Hinds County, Raymond
May 12, 2016 - Tadlock Stockyard, Forest
May 26, 2106 - Simpson County, Mendenhall
 
 
 
 
 
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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