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Mississippi Cattlemen's Association
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Givens Top Cattleman
Wally Givens was recognized as 2012 Cattleman of the Year at the annual convention. State President Pete Harper made the presentation to the Lawrence County cow/calf and stocker producer. |
Corral & Facilities Workshop
The Beef Cattle Operation Facilities Workshop will be offered in 4 locations on March 13th.
An in-depth look at design and operation of cattle handling facilities along with ideas on hay and feed storage will be presented. Fence construction, watering systems and other additions to improve efficiency will be discussed.
This will be a great workshop for anyone planning to upgrade their facilities.Sites will be Biloxi, Oxford, Raymond and MSU.
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Agribition
The 15th Annual Mississippi Beef Agribition Sale will be held Saturday, March 24 in Verona.
Bulls, commercial heifers and a select group of purebred Angus cows will be offered.
 | | Agribition bull |
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Health Fair
Beef Council staff was on hand last week for the Fitness Fair at Pinnacle Business Solutions. Health-conscious consumers received nutrition facts on the 29 lean cuts of beef and recipe ideas for serving them to their family.
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Hinds/BCIA Bull Sale
 
Bulls sold well at Raymond last week with Harvey Angus topping the sale at $4,300 to Lindy and Marshall McCain of Pickens.
BCIA bulls averaged $3,219 while 24 Hinds Bull Test lots averaged $2,885.
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Pike County Field Day
Pike County will host a beef field day at the fairgrounds on Saturday, March 31st, beginning at 8:30 .a.m.
Topics will include heifer selection, pasture weed control, hay testing and herd health. Click here for more information. |
New Meat Labels
Food Safety News reports that in a move that could help shoppers make more informed choices, the nutrition fact labels seen on most processed foods must now also be on all packages of raw ground beef, turkey and chicken.
Under a new U.S. Department of Agriculture Food Safety and Inspection (FSIS) rule that went into effect last Thursday, nutritional information must also be on package labels for certain whole cuts of meat, such as steak or chicken breast, or on charts displayed at the store.
Previously, nutrition fact labels were required only on meat products with added ingredients such as marinades or stuffing. This is the first time nutrition labels have been required on single-ingredient raw meat and poultry. The labels must list the number of calories, grams of total and saturated fats and cholesterol. If a package label shows the percentage of lean meat, it must also show the percentage of fat. For example, if a ground meat product is advertised as 80 percent lean, the label must also say the product is 20 percent fat.
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House Vote on Eminent Domain
Last Tuesday, the U.S. House of Representatives approved legislation that overturns a 2005 Supreme Court decision that affirmed the ability of states to take control of private property under the doctrine of eminent domain and hand it to another private developer.
That decision, Kelo v. City of New London, led to sharp complaints in particular from Republicans, who argued that the Court ignored the normal "public use" standard. Under that standard, eminent domain was seen as permissible only when the land or property taken would be retooled for public use.
The Private Property Rights Protection act, H.R. 1443, would prevent states from using eminent domain over property to be used for economic development, and establish a private right of action for property owners if a state or local government violates the new rule. It would also limit federal funds to states in which property is taken in violation of the law.
Despite House passage, the White House did not put out any statement of support or opposition, as it often does just before major bills are brought up for a vote. House approval sends the bill to the Senate, which has not said publicly whether it would consider it.
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Market Notes
February 30, 2012
Dr. John Michael Riley
Cash Cattle:
Cash fed cattle trade was higher this week across major feeding regions. In Texas/Oklahoma and Kansas, live sales were at $130/cwt. Nebraska live and dressed cattle were at $129-$130/cwt and $205/cwt, respectively. In Oklahoma City, feeder steers and heifers were steady to $2/cwt lower, calves were steady. Feeder steers were mixed and heifers were steady in Mississippi markets. Mississippi cull cows and bulls were $1-$2/cwt higher.
Futures:
Nearby live futures were mostly steady this week. Last week's Cattle on Feed report was expected to give cattle markets a bullish tone to start the week and for a few hours on Monday that happened. Weak equity markets, a stronger U.S. dollar, and demand concerns in the face of rising oil prices managed to pull the rug out from under the positive sentiment by lunchtime on Monday and pushed prices lower. Higher corn prices kept the market under pressure Tuesday but Wednesday brought about a strong turn-a-round as cash trade began to develop at higher prices and boxed beef improved. The positive traction continued Thursday but ended Friday and brought prices in-line with the prior week's settlement.
Corn futures were higher on the week. Corn markets were feeling the heat of Monday's negative news but managed to shake it off as soybean prices improved (an attempt by corn to not lose any acres to soybeans). Weather concerns in Argentina and Brazil the took center stage and helped bring prices much higher on Tuesday.
Beef:
Wholesale beef prices were higher again this week. Gains for boxed beef were lower than last week but prices remained strong. Choice finished the week at $198.51/cwt, up $3.09 from last week. Select ended the week at $194.56/cwt, up $2.85.
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