Mississippi Cattlemen's Association
|Homeplace Producers Sale|
Tonight's Homeplace board sale was featured over the weekend on MSU's Farmweek. The show aired on RFD-TV and Miss. Public Broadcasting. Click here for the segment.
|Homeplace Feeder Cattle Sale|
The sale begins at 7:00 p.m. at Southeast Mississippi Stockyard in Hattiesburg.
Visit the MSUCares website for information on the feeder calf program and Homeplace sale order .
|Beefin' up the Rebels
For the first team meeting, Lafayette County Cattlemen's Assoc. partnered with Mississippi Land Bank and the Beef Council to treat New Head Coach Hugh Freeze and the Ole Miss Rebels to a steak dinner.
Coach Freeze commented that a great steak was the way to start the new season.
|Wilkinson Blood Drive|
Wilkinson County Cattlemen's Assoc. members D'Nella Cavin and Celly Dangerfield donated blood at the association-sponsored event in Woodville.
County associations interested in sponsoring a local blood drive are encouraged to contact the Mississippi Beef Council at 601.353.4520 or email@example.com for details.
|New Stocker Conference Location
|Marshall Field Day|
Marshall County Cattlemen's Association co-sponsored a youth field day at the Ozier Farm for 80 high school students from Byhalia High and Potts Camp High.
Six educational stops, including forestry, conservation, wildlife and cattle production, provided an opportunity to teach young people about the land and animals in their county.
|Southern Producers Heifer Sale
Over 300 locally-raised bred replacement heifers will be offered on August 25th in Hattiesburg. All heifers will be preg-checked by a veterinarian and scored for their pelvic measurements.
For details on the heifers, visit the T3 Brangus website or call Mike Keene at 601.606.7382.
Mississippi Beef Cattle Improvement Association's August newsletter is now available online.
|Museum Kids Camp
Youngsters attending Kids Camp at the Miss. Agriculture & Forestry Museum learned about beef nutrition and by-products at the two-day event in Jackson.
|Pearl River Show Postponed |
The Pearl River County Cattlemen's Association's Junior Beef Show originally scheduled for Saturday, August 11th, has been postponed.
Watch for the announcement of the new date.
|Beltway Beef Newsletter
Washington, D.C., is moving at warp speed as Congress prepares to recess for the month of August. The daily decisions made by our lawmakers affect the beef industry in many ways. This week's issue of Beltway Beef provides information on proposed and current legislation affecting cattlemen across the country.
If you haven't already heard, the U.S. House of Representatives voted on Aug. 1 to extend the current tax code for another year. This includes keeping the estate tax, known as the death tax, at its current level of 35 percent for estates worth more than $5 million per individual and $10 million per couple. Read more about the death tax and why it's important that Congress consider permanent relief for the tax in this week's edition of Beltway Beef.
The House has also been busy in helping to unwind the red tape of environmental issues. The Transportation Committee voted on two important pieces of legislation which directly affect cattlemen, The Farmer's Privacy Act and The Preserving Rural Resources Act of 2012. The House also voted on The FUELS Act, which addresses Spill Prevention, Control and Countermeasure (SPCC) plans. Get all the details in this week's issue.
Rep. Allen West (R-Fla.) provides our guest column in this issue. Rep. West talks about Florida's ranching heritage and how the beef business doesn't benefit from government mandates. Click here to check it out.
Click here to read this edition of Beltway Beef.
CattleFax reports that, with the worst pasture conditions in the past 15 years, 70 percent of the U.S. cattle inventory is located in regions of drought.
August 3, 2012
Dr. John Michael Riley
Cash fed cattle moved markedly higher this week especially when compared to prices over the past number of weeks. Live cattle in the Texas traded at $118/cwt. Live and dressed trade in Nebraska was called at $119/cwt and $185/cwt, respectively. In Oklahoma City, feeders were $2-$4/cwt higher and calves were $2-$3/cwt lower on a light test. Mississippi feeders steers sold $5-$10/cwt higher and heifers were $3-$6/cwt higher. Cull cows and bulls in Mississippi were called at $5-$9/cwt higher.
Live cattle futures slid lower early in the week before moving higher Thursday and Friday. The uptick late in the week could not overcome the early week losses and contracts ended lower. The nearby contracts fared better than more deferred ones this week, which is a reversal from prior activity. Despite the push of cattle into feedlots due to the dry conditions plaguing approximately 70% of the U.S. - with about 40% at severe or higher drought levels - many of these will not be ready for at least two to three more months. This excess supply that is expected to hit the market in the fall is keeping late 2012 and early 2013 contracts under pressure. A stronger than expected jobless report on Friday buoyed financial markets and commodity prices fell in line and moved higher as well.
After starting the week on a high note, corn followed the broader markets lower Tuesday and Wednesday before rebounding just a bit to close out the week. The jump on Monday prevailed and kept prices above last Friday's close.
Boxed beef prices averaged mostly steady compared with last week. Choice wholesale beef finished with a weekly average of $177.89/cwt, down $0.17. Select ended the week on the exact opposite end, up $0.17/cwt at $171.14.
6 Homeplace Board
7 Leaders' Meeting,
10 Stocker Conference
14 Leake CCA
21 Kemper CCA
21 Pike CCA
25 Producers' Heifer