Mississippi Cattlemen's Association
The Mississippi Braves enjoyed a steak dinner following yesterday's game, sponsored by the Booster Club and Mississippi Beef Council. The beef checkoff is a sponsor of the Braves team.
|Making Tracks 2012|
Junior cattlemen entering the 9th grade or higher are encouraged to send in their application for Making Tracks Camp to be held June 18 - 20 at Mississippi State University. Click here for the nomination form.
|Franklin Farm Safety Day |
The Beef Council provided an educational stop for elementary students attending Franklin County's Farm Safety Day in Bude.
Checkoff-sponsored educational material for student events is available from the Mississippi Beef Council office.
MCA staff was among many producers and agricultural organizations that enjoyed Domino's pizza last week is support of their rejection of a resolution from the Humane Society of the United States (HSUS) against certain animal handling practices.
With an 80% majority, shareholders of Domino's Pizza voted to reject a request to end purchasing pork from suppliers who use gestation crates. Several national companies, including Burger King, Windy's and McDonald's have agreed to phase our pork from such suppliers.
After ordering Domino's, we encourage everyone toleave a note behind for the manager to pass along to corporate headquarters, thanking them for standing up to the HSUS proposal.
|Mississippi Angus Association |
The association will hold their Summer Field Day in conjunction with Madison and Rankin Cattlemen's Associations on Saturday, June 2 at Sedgewood Plantation near Canton.
Click here for details.
Please remember Beef Council President Gale Martin and his family in the death of his father, Ralph.
Visitation will be held tonight from 5 to 8 at Ott & Lee Funeral Home in Brandon with the service tomorrow at 10:00 a. m. at Cato Baptist Church.
|Boehner Draws Line in Sand
According to The Wall Street Journal, House Speaker John Boehner said last week that any increase in the government's borrowing limit must be accompanied by spending cuts and other budget savings of greater value, and he rejected tax increases as part of any deal to reduce the federal deficit.
Those positions signaled to the White House that congressional Republicans are prepared for fiscal brinkmanship at the end of the year, when Bush-era tax cuts are scheduled to expire, large automatic spending cuts are set to begin and the government reaches its $16.394 trillion borrowing limit.
"It is a line in the sand because Washington has kicked the can down the road, kicked the can down the road, kicked the can down the road, and the American people think we're crazy," Mr. Boehner, an Ohio Republican, said at a Washington event hosted by the Peter G. Peterson Foundation, a group that pushes for deficit reduction.
Stop by these Yazoo City merchants for this month's MCA discount.
Mississippi Ag Co.
& Service Center
May 18, 2012
Dr. John Michael Riley
Cash fed cattle were higher this week. Kansas live prices were at $123/cwt on Friday but trade remained slow. In Nebraska, live and dressed prices were called at $123.50/cwt and $195/cwt, respectively. In Oklahoma City, feeders steers and heifers were called steady to $2/cwt higher. Calves were not called due to limited movement. In Mississippi marktes, feeder steers and heifers were $1-$2/cwt higher. Slaughter cows were $1-$2/cwt higher and bulls were steady in Mississippi auctions.
Live cattle futures were higher this week. Stronger beef prices provided the bulk of the support, despite a sharp drop in wholesale beef prices on Wednesday, which rebounded Thursday and moved much higher again on Friday. Lower crude oil prices also added support since the lower price at the pump should provide more disposable income for purchases like beef. Further, prices were supported by an expected fairly large drop in drop in placements of cattle into feedlots during April, revealed in this month's Cattle on Feed report (more detail on that report is in my post "May Cattle on Feed Report").
Corn futures were higher this week. Crude oil prices have been tanking lately that kept pressure on prices. Also, the fast pace to planting has pushed the market lower in recent weeks along with a bearish supply demand report last week. That sentiment continued but higher wheat prices provided a lot help to prices this week.
Wholesale beef prices were moderately higher this week getting help by rising sharply on Friday. Choice prices were up $1.08/cwt at $191.45 for the week. Select finished at $186.05/cwt, up $1.34.
22 Greene CCA
22 Tippah CCA
22 Amite, Franklin,
24 Hinds CCA