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Mississippi Cattlemen's Association
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Member Discount Program
MCA's Member Discount Program is another member benefit made possible by the sellers of goods and services listed on the merchant list.
The Gateway Tire & Service Center family is committed to supporting our members in cities from Corinth to Batesville to Yazoo City.
Stop by one of their 17 locations for all of your automotive needs.
Participating merchants offer special discounts - usually rotated monthly - to you as a member of the Cattlemen's Association.
We appreciate the extra commitment shown by these vendors to help build our association. 
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Board Sale Tomorrow
The Cattlemen's Exchange Board Sale will be held tomorrow night at the Montgomery County Coliseum in Winona at 7:00 p.m.
Videos and sale order for the thirty-one loads of cattle that have been consigned to the auction are posted online.
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Recruiting Champion
Lee County cattleman Tom Williams is shown picking up the Brangus heifer - first prize in MCA's membership contest - from Jacob and Martha Megehee, donors of the heifer.
Williams received the heifer from after recruiting 47 MCA members. |
Madison County
 Madison County Cattlemen's Association recently elected new officers and directors including, from left, John White, D.R. Bozeman, David Kennedy, Mark Penn, Ricky Bolden and Extension Agent Ty Jones.
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Did You Miss It?
In case you weren't able to attend the recent Cattle Facilities Workshop, a limited number of notebooks are still available.
The binder includes diagrams and information on corral design, fencing recommendations, watering facilities and much more.
The notebooks are $25 and can be ordered from Dr. Jane Parish. |
"Dude, it's beef."
According to a Des Moines Register article, that's the message that a group of state officials want to spread to the media about lean finely textured beef, a product that's been under scrutiny of late and dubbed "pink slime."
"We are here to emphasize that lean finely textured beef is safe," said Nebraska Lt. Gov. Rick Sheehy. "The misinformation about this is doing damage on many levels, and we want to set the record straight. Negative results do not stop with one company; the impact does not stop at our Nebraska borders."
Sheehy was one of a number of governors and lieutenant governors who were in South Sioux City, Neb., last Thursday to tour a Beef Products Inc. plant. BPI earlier last week announced it would close three of its plants in response due to concerns from grocers and restaurants demanding ground beef without lean finely textured beef. More than 650 workers in the three states have been temporarily laid off because of the closures. The South Sioux City plant is the only plant remaining open.
During a press conference after the tour, officials called on the media to set the record straight.
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Media Attention on LFTB
Despite industry efforts, negative national media attention continues to be directed at lean finely textured beef.
Contact the Mississippi Beef Council for additional factual resources.
 | | Dr. Russell Cross Talks about the Safety of "Pink Slime" |
www.meatmythcrushers.com
http://beefisbeef.com/
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| Death Tax Bill Introduced
According to Farm Futures, Senator John Thune (R-S.D.) has introduced the Death Tax Repeal Permanency Act, S. 2242, which would permanently abolish the federal estate tax. The Senate bill is identical to H.R. 1259 introduced in the House by Representative Kevin Brady (R-Texas). The tax is currently set at a 35 percent tax rate with a $5 million exemption. However, in 2013, the estate tax rate is scheduled to increase to 55 percent with a $1 million exemption. However, in 2013, the estate tax rate is scheduled to increase to 55 percent with a $1 million exemption.
National Cattlemen's Beef Association President J.D. Alexander calls the tax an unnecessary tax on small businesses and farm and ranch families across the country.
"The death tax is detrimental to the farmers and ranchers who live off the land and run asset-rich, cash poor family-owned small businesses," Alexander said. "Our priority is to keep families in agriculture and this tax works against that goal."
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Contact your Congressman
With Congress out of session for the next two weeks, members will be in their home districts to visit with you, their constituents.
Use this opportunity to point out issues that are important to cattlemen.
NCBA provides the Congressional Recess Packet to help highlight matters that lawmakers will be addressing in the coming months.
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Market Highlights
March 30, 2012
The fed cattle market was mostly lower on the week. In the North, cattle sold for $126 to $127 live and mostly $200 to $202 dressed, with instances of up to $204. In the South, trade occurred at $125 to $125.50 on a live basis. Trade volumes were moderate to light. Boxed beef values were sharply lower on the week, due to ongoing sluggish demand and lean finely textured beef (LFTB) issues.
Beef sales were light to moderate. Feeder cattle prices were steady to $3 higher for the week, while calves were steady to $4 higher.
Slaughter cows were steady to as much as $5 higher. Weakening lean trimming and wholesale cut prices spilled over to live cattle futures prices, which lost nearly $3 this week. Spot live cattle futures prices have been lower for four-consecutive weeks.
Corn prices moved sharply lower early in the week. However, prices rallied after the USDA Prospective Planting report - leaving the market mostly unchanged on the week.
The fed cattle market has declined $5/cwt off the high, and the bulk of the live cattle futures contracts are $10 off their highs. That said, the trend is still lower moving forward. Fed cattle supplies will increase moving through the spring and into the summer.
The chaos caused by the LFTB issue will continue to adversely affect the market near term. Improving domestic beef usage/demand is still expected moving into spring.
Carcass weights and beef imports continue to run well above year ago levels, resulting in elevated net beef supplies compared to last year. Placements against summer are ample and year over year gains in carcass weights are expected to continue. This suggests a seasonal price break is in store for the fed market moving into the summer, which would be very disappointing in comparison to fed cattle breakevens.
Next Week: Fed cattle supplies will be near even to larger. The beef complex is expected to stabilize. Look for the fed cattle market to trade lower near $124.
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Calendar
April
3 Scott CCA
5 Clay CCA
20 Lauderdale CCA
21 Leake CCA |
Monday Memo
Archives
Missed an issue?
Catch up on past
Monday Memos
at the archives page. |
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