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Mississippi Cattlemen's Association
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Running of the Bulldogs
The "Running of the Bull ...dogs" was held Saturday in Starkville. Seventeen teams competed in the steak cookoff contest with the winner earning a spot in the World Championship Steak Cookoff in Arkansas.
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Dr. Jim Watson
We salute State Veterinarian Dr. Jim Watson who is currently deployed to Afghanistan with a unit of the Nebraska National Guard.
He is serving as veterinarian for the Nebraska Agribusiness Development Team (ADT), helping to improve agriculture in the region.
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New Member Discount Merchants
We welcome our newest Member Discount merchants to the program; El-Kidd Western Wear of Hamilton and Lowndes Farm Supply of Columbus.
Stop by these merchants and look for the MCA Member Discount item featured this month. Click here for a complete list of participating vendors.
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Delta Farm Press
MCA Vice President Jacob Megehee was featured in the Delta Farm Press magazine after Editorial Director Hembree Brandon visited Jacob and Martha's Noxubee County farm.
Click below for this well-written account of the Megehees' story.
Article one
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Johne's Disease Newsletter
Click here for the summer issue of the Johne's disease beef newsletter.
Dr. Bob Warren is Mississippi's Johne's Disease Coordinator.
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Molly's Meaty Monday Menu
Involve the entire family in making this kid-friendly recipe that serves 12.
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Beef Quality Audit
 | | National Beef Quality Audit |
Next week, at the Cattle Industry Summer Conference, the recent National Beef Quality Audit will be released.
Initiated in 1991, the National Beef Quality Audit (NBQA) since its inception has provided the industry a meaningful set of guideposts and measurements relative to the quality conformance of the U.S. beef supply.
This video provides a summary of the challenges and opportunities identified by the Checkoff-sponsored audit.
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USMEF Supports Beef Promotion
While major Korean retailers continued to offer U.S. beef after the recent BSE case was detected in California, most scaled back in-store promotions and features.
After about a month, many retailers resumed in-store tasting promotions but still did not feature U.S. beef as aggressively in sales leaflets and advertisements as they did prior to the BSE announcement.
Market leader E-Mart, however, is the first Korean retailer to return to full-scale U.S. beef promotions. USMEF and E-Mart launched a one-week 30 percent discount promotion on frozen Choice LA ribs, chilled Choice chuck eye roll and frozen Choice brisket point.
With support from the USDA Market Access Program (MAP) and the Beef Checkoff Program, the promotion included newspaper advertisements in three major daily newspapers and in-store tasting samples at 20 of E-Mart's 136 locations.
As South Korea is in the grip of severe food price inflation, the U.S. beef promotion proved very appealing. Sales of the featured items more than tripled from the same period last year and increased by more than 650 percent over the previous week.
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Shop Southern Tractor stores in Canton, Bolton, Hattiesburg, Summit and Mendenhall for all your equipment needs and ask about the Free Box Blade offer.
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Market Notes
July 13, 2012
Dr. John Michael Riley
Cash Cattle:
Cash cattle moved lower this week after holding mostly steady the past few weeks. Seasonally this is not uncommon as prices typically decline into the heat of the summer. Live cattle in Texas and Kansas were at $114-$115/cwt. In Nebraka, live and dressed trade was called at $115/cwt and $181-$183/cwt, respectively. In Oklahoma City, feeder steers and heifers were $2-$6/cwt lower compared to two weeks ago, with 600 pound cattle as much as $10/cwt lower. Calves in OKC were $10-$20/cwt lower than two weeks ago. Mississippi feeders were $10-$15/cwt lower than two weeks ago. Slaughter cows and bulls in Mississippi were $1-$3/cwt and $3-$8/cwt lower, respectively.
Futures:
The month of July has not been kind to live cattle futures. After falling early during June, futures rebounded and ended the month about even with how it started. July has a similar pattern developing. Nearby contracts have been hit harder than more distant months. Lower cash and beef prices pressured throughout the week. Further,the drying pastures across much of the U.S. are slowly forcing cattle to market sooner than desired. This is similar to the events of last year with the exception that this year's drought covers many more acres (click these graphics comparing last year's drought to this year's). Producers in the Southern Plains liquidated last year but operations outside this region are beginning to thin herds and sell calves early. This current -and expected future- bump in supply is pressuring remaining 2012 contracts. This along with sharply higher corn prices did a number of feeder cattle futures.
Wednesday's World Agricultural Supply and Demand Estimates (WASDE) report from the World Agricultural Outlook Board revealed a reduction of of 1.82 billion bushels of corn from the 2012/13 supply. This sent markets skyrocketing early Wednesday before cooling off and closing lower - resulting in a very wide trading range on that day. Still, prices moved higher on the week as the crop is in trouble from the dry, hot weather.
Beef:
Wholesale beef prices moved lower this week. Choice wholesale beef finished much lower than last week with a weekly average of $187.33/cwt, down $6.19. Select ended the week at $173.81/cwt, down $2.57.
This narrowed the spread between Choice and Select to $13.52/cwt compared to $17.14 last week.
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Calendar
July 19 Marshall CCA 19 Lee CCA 19 Hancock/Harrison CCA 27 Wilkinson CCA Blood Drive 28 Warm Season Forage Tour25-28 Cattle Industry Summer Conference Denver 30 Amite CCA August 6 Homeplace Board Sale, Hattiesburg 10 Stocker Conference Meridian 25 Producers' Heifer Sale, Hattiesburg
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