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Monday Memo

Scholarships Total $86,000 

Saturday's scholarship luncheon shattered the old record with $86,000 presented to deserving students.
Thanks to The Wax Company, Mississippi Cattlemen's Foundation, Mississippi CattleWomen's Association and Two Rivers Restaurant, many cattlemen's families will find it easier to continue their children's education. 
Wax Scholarships 
After awarding 29 Wax Company scholarships, Senator Melanie Sojourner made a special presentation, on behalf of Barry Wax, to Brandi James of Jones County.
Brandi received a $10,000 scholarship from The Wax Company.
Wax Scholarship Presentation
Wax Scholarship Presentation
Click here for video of the presentation.
Newsome 2012 Inductee
Jim Newsome, MSU livestock judging team coach 1983-1989, was inducted into the Judging Team Hall of Fame at Sunday's alumni meeting.
On Friday, he was honored as Mississippi State University's College of Agriculture and Live Sciences Alumnus of the Year.
Three Cattle Stolen

A second incident of cattle theft was reported in Lowndes County where 3 head were sold at an Alabama stockyard after being taken from a farm near Crawford,
Mississippi and Alabama authorities are investigating the incident.
Sale of Junior Champs tops $299K

Champ44 animals sold in the Sale of Junior Champions for $299,352.50, surpassing by $20,344 the old record of $279,008.50.
For the fifth year, Blue Cross/Blue Shield, Ergon and Marsha & Haley Barbour purchased the Dixie National Grand Champion Steer and donated it to MCA for the spring fundraiser.
The steer was exhibited by Anna Cascio and sold for $14.50 per pound.
April 3rd Board Sale

Cattlemen interested in consigning to the Winona Feeder Calf Board Sale will meet in Verona on Monday, February 20 to discuss details for the event.
The meeting will be held at the North Miss. Research & Extension Center at 6 p.m.

National News

Beef Okay for Heart Health

Researchers at Pennsylvania State University found in a first-of-its-kind study that lean beef "significantly" lowers total cholesterol and "bad" cholesterol.
Compared with two other diets that contained less beef and more plant protein, the BOLD (Beef in an Optimal Lean Diet) protocol was more beneficial.
The research showed that, with controlled intake of saturated fats, diets encompassing these proteins lower both LDL and total cholesterol and do so "significantly," according to the researchers.
This was the first controlled consumption study in which an increase in lean beef consumption -- while controlling for saturated fat -- in the context of a heart-healthy diet was associated with "significant decreases in LDL cholesterol," the researcher said.
Their study was reported in the American Journal of Clinical Nutrition.




Market  Notes

February 10, 2012
Dr. John Michael Riley 


Cash Cattle:
Cash fed cattle trade remains slow.  Cattle in the Texas Panhandle sold at $124/cwt, about $1 higher.  Kansas cattle were steady at $123/cwt.  Live and dressed cattle in Nebraska traded at $123-$123.50/cwt and $197-$198/cwt, respectively.  In Oklahoma City, feeder steers and heifers were steady, steer calves were $4-$8/cwt higher, and heifer calves were steady to $2/cwt higher.  Feeder steers and heifers sold $2-$8/cwt higher in Mississippi markets. Mississippi cull cows and bulls were $1-$3/cwt higher.    

Live cattle futures were mostly steady again this week.  The nearby February contract was the only one to end the week in positive territory (up $0.25/cwt over last Friday's close).  The remaining months were about $1/cwt lower.  Feeder cattle were also lower compared to last Friday's close despite corn falling this week.  Uncertainty about the global economy and a stronger U.S. dollar kept most commodities in check this week.
Corn futures took a bit of a hit Thursday with the release of the supply and demand report from USDA.  Although the report was in-line with expectations, other crops were under pressure which led to a negative tone for corn futures. Ending stocks were projected at 801 million bushels in the report versus an expected 797 (see this write-up on the WASDE report as it relates to crops).  Corn had been sliding lower throughout the week prior to Thursday's report as a result of concerns in the European Union and a strengthening dollar.   


Wholesale beef prices improved this week.  Choice improved each day of the week and Select dipped on Friday but was higher Monday through Thursday. Choice finished the week at $185.98/cwt, up $2.64 from last week.  Select ended the week at $180.97/cwt, up $2.56.

Bull Sale
March 17th

Click for details.

16  Jeff Davis CCA

16  Lee CCA

       Last Chance
BQA Survey closes 
|February 15th  

Participate in the BQA Survey and help summarize production and management practices that are currently being used by cattle producers throughout the beef production industry.

 Allied Industry Members

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Mississippi Cattlemen's Association

680 Monroe St.

Jackson, MS 39202