October 17, 2016

 
 
 
 

Monday Memo

 
 
 
 

Cattle Market Notes 
Dr. Brian Williams​
Week ending 
October 14, 2016

Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of October 6 – October 13 averaged $97.59 for live sales, and $153.93 for dressed; respectively, down $3.32 and $5.13. Total volume sold was down 4,000 head from a week ago and up 28,000 head from last year.
Feeder steer cattle and calves were mostly lower across the U.S. this week. Oklahoma City 500-550 pound steers were up $4.00, averaging $132.69 while 750-800 pound steers were down slightly averaging $125.52. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $112.50, down $2.50 from a week ago, while heavy steers were averaging $90.00, up $0.50 from last week.

Futures:
Live cattle futures and feeder futures were lower this week. October live cattle were down $5.88 on the week and $40.00 lower than a year ago at $95.95, while December live cattle were down $5.55 from last week and down $42.18 from a year ago at $97.38. Feeder cattle were lower this week with October futures down $7.45 from last Friday and down $73.53 from a year ago at $120.10 while November futures are down $7.28 on the week at $115.35. December corn futures are up $0.15 from a week ago at $3.54 while March futures are up $0.15.

Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $182.43, down $3.91 from a week ago. Select boxes ended the week with an average of $172.89, down $3.14 from last week. The choice-select spread narrowed from $8.66 a week ago to $9.54 this week.
 
 
 
 
 

SWEDISH MEATBALLS


Total Recipe Time: 35 minutes
Makes 4 servings.
 
 
 
 
 


October 
20 - Marshall CCA
20 - Lee CCA
27 - Stone CCA Bull Test
27 - Hinds CCA
27 - Cattlemen's College, Hattiesburg
28 - Cattlemen's College, Batesville

 
 
 
 
 
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.
 
 
 
 
 
Cattlemen's College 
 
 
 
Make plans to attend one of two Cattlemen's Colleges that MCA will be hosting October 27th & 28th. The first College will be held in Hattiesburg at the Southeast Mississippi Livestock Barn on October 27, and the following day at the Batesville Civic Center in conjunction with the North MS Beef Expo.
The program begins at 8:00 a.m. both days and runs till after lunch.

Just some of the topics that will be discussed:
Dr. James Rogers – Noble Foundation
“Forage 365”
James Ward - USDA-AMS
“Hands-on Cattle Grading Demonstration”
Dr. Blaine Corners - Zoetis
“Veterinary Feed Directive Update”

Sponsors include: Zoetis • National Grazing Lands Coalition • Mississippi Cattlemen’s Association • Natural Resources Conservation Service • National Cattlemen’s Beef Association • Mississippi State University Extension Service • Mississippi Farm Bureau • Wade Equipment •
Heafner Automotive and Hallmark Ford.
The programs are free to the public, but we ask that you pre-register for meal planning.
Click here to pre-register for Cattlemen's College
 
 
 
 
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. 
For the counties that meets their membership goals then they 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. 
 
 
 
 
USDA Moves Forward with Flawed GIPSA Rules
In a letter to the National Cattlemen’s Beef Association, USDA acknowledged that the agency would continue the rulemaking process on the 2010 Grain Inspection, Packers and Stockyards Act proposed rules. The proposed rulemaking was initially undertaken in 2010 and quickly defunded by Congress which recognized them as a flawed concept that limits producers’ marketing options while adding layers of bureaucracy and opening the door to litigation. NCBA President Tracy Brunner said these provisions were troubling in 2010 and remain a major concern six years later.
“The GIPSA rules, as they pertain to cattle producers, are extremely troubling to our industry at a time when we are already grappling with volatile futures markets and a fragile cash market,” said Brunner. “Rather than working to help ensure producers have accurate price information in a productive way, like ensuring Mandatory Price Reporting is a critical government function, unaffected by future government shutdowns; USDA is expending time and resources to push forward outdated rules to regulate an industry that never requested their assistance. These rules were flatly rejected by cattle producers six years ago and a strong bi-partisan majority in Congress expressed their continual disapproval through a half-decade of defunding.”
USDA has announced the GIPSA rules include an interim final rule on competitive injury and two proposed rules to address undue preference and the poultry grower ranking system. The agency has said they will provide additional opportunity for public comment on all the rules and will announce if any amendments will be made.
For more on the ruling click here.
 
 
 
 
 
Free Webinar 
Don't Get Caught Off Guard - Preparing For Changing Antibiotic Regulations
October 27, 2016 • Time: 7 pm Central
Register now!
The new Veterinary Feed Directive (VFD) for medically important feed-grade antibiotics will take effect on Jan. 1, 2017. Join the webinar to hear the latest information on how cattlemen and the cattle industry can prepare for these changing antibiotic use regulations. Mike Murphy DVM, JD, PhD (FDA Veterinary Medical Officer, Office of the Director, Center for Veterinary Medicine) and Tom Portillo, DVM (Manager of Animal Health & Wellbeing, Friona Industries and 2016/17 President of Academy of Veterinary Consults) will provide brief presentations followed by a Question & Answer session.
Visit beefusa.org for more information and to register.  This webinar is open to all cattle producers, educators, media, allied industry, etc. - feel free to share.
 
 
 
 
 
Thank You!
The 2016 State Fair was one for the record books. Beautiful weather brought out fair goers who helped make last Monday a record for Beef Barn Sales. MCA would like to thank all the cattlemen, cattlewomen, Extension Service, MSU Animal & Dairy Sciences Department students, faculty​, and staff who volunteered to help work the Beef Barn. 
The Beef Barn is one of MCA's largest fundraisers. The money raised helps fund educational programs, youth activities, and special events throughout the year. 
​​​​​​​Thank you again for everyone who helped and stopped by to enjoy a delicious beef meal!
 
 
 
 
 
August Summary of Retail Meat Case Sales  
August summary 2016 of retail meat case sales. Compared to August 2015: 
* Beef dollar sales down (-6.7%)
* Beef pound sales increased (+3.1%)and the total meat category increased (+1.1%) 
* Average price per pound for beef decreased (-9.5%)  
* Beef retail feature activity increased (+10.9%) 
* Average total meat feature price decreased (-5.3%) in August. The average feature price decreased for beef (-9.3%). 
For the full report click here.
 
 
 
 
 

Little Creek Farm
October 22, 2016
12 Noon 
Starkville, MS
See the Catalog at www.LittleCreekCattle.com
 
 
 
 
November 11, 2016
At Barnes Herefords Sale Facility • Cedartown, GA 
For more information visit: 
 
 
 
 
Allied Industry Members
 
 
 
 
 

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

www.mscattlemen.org

 
 
    
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