July 18, 2016

 
 
 
 

Monday Memo

 
 
 
 
Dr. Brian Williams​
Week ending July 15, 2016

Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of July 7-July 14 averaged $117.00 for live sales, and $187.42 for dressed; respectively, down $3.38 and $3.24. Total volume sold was up 81,000 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 averaging $162.65 while heavier 750-800 pound steers were averaging $143.27. Mississippi pasture worsened slightly this week with 54% rated good or excellent.  In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $135.00, while heavy steers were averaging $114.00. 
Futures:
Live cattle futures and feeder futures were lower this week. August live cattle were down $1.30 on the week and $35.73 lower than a year ago at $110.93, while December live cattle were down $2.36 from last week and down $39.80 from a year ago. Feeder cattle were higher this week with August futures down $4.07 from last Friday and down $75.83 from a year ago at $139.38 while October futures are down $4.38 on the week. Nearby corn futures are down $0.03 from a week ago at $3.52 while December futures are also down $0.04.
Beef:                                                                                           
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $206.00, down $3.33 from a week ago and $28.85 lower than a year ago. Select boxes ended the week with an average of $194.48, down $1.77 from last week. The choice-select spread narrowed from $13.08 a week ago to $11.52 this week.
 
 
 
 
 

GRILLED BEEF, SUMMER SQUASH AND ONION SALAD


Total Recipe Time: about 15 minutes
Makes 4 servings
 
 
 
 
 



July
​20 - Madison Co.Pasture Party, Flora

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. 
 
 
 
 
Cattlemen Wrap Up Summer Meeting
 
 
 
Over 700 cattlemen and cattlewomen from across the country gathered in Denver last week for the Cattle Industry Summer Business Meeting. 
International trade remains a top priority for the cattle industry, including the necessary passage of the Trans-Pacific Partnership.
NCBA also continues to work with state and federal governments to ensure multiple use on public grazing lands. Ranchers are closest to the land and the best stewards of our natural resources, ensuring productive use, maintaining open space, and mitigating fire hazards. NCBA will continue to ensure these uses are accounted for in future range management plans and wildlife habitat decisions.
The membership reiterated their commitment to repealing EPA’s “waters of the U.S.” rule through litigation and legislation.


 
 
 
 
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. 
 
 
 
 
 

MCA Leaders Participate in Market Volatility Policy Development
MCA President Paul Whitlock along with MCA Executive V.P. Andy Berry were among a large group of cattle producers working through policy proposals at NCBA Summer Conference. This committee also worked to resolve issues about market volatility and high frequency trading in the futures market.
“Market volatility, driven by high frequency trading, has been a major concern for producers across the country,” said Tracy Brunner, National Cattlemen’s Beef Association president. “The NCBA CME working group had the opportunity to meet in person  to discuss these issues. While discussions continue, I am confident that through working with CME, we can resolve these issues to ensure the futures market is a viable tool for risk management.”
 
 
 
 
 

Jefcoat Elected To CBB Nominating Committee
During the Summer Meeting the Cattlemen's Beef Board members elected Larry Jefcoat of Soso, to their nominating committee as Region II representative. Larry began his term on the Board in 2016 and was nominated to the Cattlemen's Beef Board by the Mississippi Farm Bureau along with the Mississippi Cattlemen's Association and was appointed by the U.S. Secretary of Agriculture. Larry has served as Region II president of the Federation of State Beef Council; and 15 years as a member and past president of the Mississippi Beef Council, including four years as a Federation director for the council. Jefcoat is a member and past president of Jones County Cattlemen's Association, served five years on the Mississippi Cattlemen's steering committee and a year as president of the association, and is a long-time member of NCBA.
The 100-member board is authorized by the Beef Promotion and Research Act of 1985 and are responsible for oversight and management of the Beef Check-off funds. The Secretary selects the appointees nominated by beef, veal, dairy, and importers-certified organizations.  The board contracts with established national, non-profit, industry-governed organizations to implement programs of promotion, research, consumer information, industry information, foreign marketing, and producer communications.
 
 
 
 
 
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. 
 
 
 
 
 
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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