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Monday Memo

Scholarships Honor Leaders

At the state convention, the Mississippi Cattlemen's Foundation presented six $2,000 scholarships honoring past and present industry leaders.

Mae Bozeman presented the Dudley Bozeman Memorial Scholarships to Brandi James and Whit Kendall.

The Barry Wax Scholarships were presented by Pete Harper to Kayla Williams and Corrine Jackson.

Jim Newsome made the presentation of scholarships named in his honor to Cheyenne Stewart and Danielle Welch. 
New Allied Industry Member
We welcome our newest Allied Industry member, Southern Tractor, to the list of MCA sponsors.
Southern Tractor has been a longtime supporter of county cattlemen's activities in their service areas and now steps up to help with statewide events.
With locations in Canton, Summit, Mendenhall, Bolton and Hattiesburg, they can provide all your John Deere equipment needs.
Mississippi's Best Steakhouse
The Mississippi Beef Council announced the winner of Mississippi's Best Steak Contest as Two Rivers Restaurant of Canton. 
Online voting narrowed the field to a "top 10" list before judges visited the best restaurants for the taste test.
Accepting the award from Pete Harper, on behalf of the Stewart family, was Johnny Stewart. 
Merck's Ralgro Bucks
Merck Ck

Merck representative Danny Jones presented a check for $1,884 to MCA in their Wheels for Bucks program.
Our thanks go to all the cattlemen who turned in their empty Ralgro wheels to support the programs of MCA, Mississippi CattleWomen's Association and Mississippi Junior Cattlemen's Association.
Paul F. Newell Awards

MCA honored two career professionals for their work with the youth of our state.
Mike Keene received the 4-H award from Dean Jousan and Danny Johnson was presented the FFA award by state FFA President Harrison Lang.
Hinds/BCIA Bull Sale
The Spring 2012 Hinds Community College Bull Test Sale and Mississippi Beef Cattle Improvement Association Spring Bull Sale will be held at noon, March 1 at the Hinds Bull Test sale facility in Raymond.
Interactive video distance bidding will be available in Verona and Batesville.
Click here for the sale catalog.

National News

Cattle Extend Rally to Record

Cattle futures rose to an all-time high for the 10th time this year as rising demand for U.S. beef tightens supply and increases costs for restaurants. Feeder cattle also reached a record and hogs gained.
The U.S. cattle herd as of Jan. 1 was the smallest for that date since 1952, and beef exports surged 21 percent in 2011, government data show. The U.S. Department of Agriculture forecast a 4.1 percent drop in beef output in 2012, boosting the cost of the meat for consumers by as much as 5 percent this year, more than any other food group except seafood. Global food prices in January rose by the most in 11 months, according to the United Nations.
According to Bloomberg, retail beef last month was the most expensive ever, and wholesale prices through midday are up 14 percent in the past year, boosting costs for retailers.
"Everyone wants to be bullish on cattle just because of the lower supplies," Chad Henderson , a market analyst at Prime Agricultural Consultants Inc. in Brookfield, Wisconsin, said in a telephone interview. "That's where all the bullish enthusiasm comes from." 




Market  Notes

February 17, 2012
Dr. John Michael Riley 


Cash Cattle:
Cash fed cattle trade picked up this week and prices improved substantially.  Cattle in the Texas Panhandle sold at $129/cwt, about $5 higher.  Kansas cattle were higher by the same amount at $128/cwt.  Live and dressed cattle in Nebraska traded at $127-$129/cwt and $203/cwt, respectively, up $4-$5 for live and $6 for dressed.  In Oklahoma City, feeder steers and heifers were $1-$2/cwt higher, steer calves were $4-$8/cwt lower, and heifer calves were steady.  Feeder steers and heifers sold $3-$7/cwt higher in Mississippi markets. Mississippi cull cows and bulls were $1-$3/cwt higher.


Cattle futures rallyed this week.  The week started on a positive note as Greece approved measures to stem its financial woes.  The U.S. dollar weakened at the same time and pushed most commodities higher - cattle included.  Higher cash fed and wholesale beef prices mid- to late-week added to the momentum.
Corn futures battled pressure in the middle of the week to end slightly higher than last Friday's close.  Positive news out of Europe and a weaker U.S. dollar provided early week optimism.  However, an expectation of increased supplies for the upcoming growing season - or more specifically, a battle for acres from soybeans and cotton - put pressure on the market mid-week.  Still, the week was bookended by positive news and movement which left just above the close from a week ago.   


Wholesale beef prices improved this week.  Choice finished the week at $189.04/cwt, up $3.06 from last week.  Select ended the week at $184.05/cwt, up $3.08..

Bull Sale
March 17th



21  Tishomingo CCA 
21  Kemper CCA

21  Noxubee CCA

23  Oktibbeha CCA



 Allied Industry Members

Positive feed 

SoTractor              Outback
DuPont3   Merial color

Mississippi Cattlemen's Association

680 Monroe St.

Jackson, MS 39202