Mississippi Cattlemen's Association
|Top 10 Finish |
We congratulate Claylee Chism on her top-10 finish at the National Beef Ambassador Contest held last week in Sacramento.
This checkoff-sponsored event fields a team of 5 Beef Ambassadors that travel to events around the country, representing the beef industry.
|Thanks from Afghanistan
Beef jerky, produced by the Mississippi State Meats Lab and sponsored by the Mississippi Beef Council, was recently sent to two National Guard units serving in the Middle East.
Both units are engaged in helping native farmers improve their agricultural practices.
State Veterinarian Dr. Jim Watson (third from left) sent this picture, along with thanks from the unit of Nebraska National Guard troops he is serving with in Afghanistan.
|Forage Bull Test |
Today is the deadline to nominate bulls for the South Mississippi Gain on Forage Bull Test.
Bulls will be delivered to HHH Farms in Tylertown on November 1 to begin a 140-day test.
|Miss an issue?
A large number of our subscribers were bounced from last week's issue of Monday Memo.
The archive of that and all other issues from the past year are available on the website.
This printable flyer is available for restaurants to display as a reminder to patrons that they can vote now in the "Mississippi's Best Burger Contest".
Print one today and take it to your favorite burger joint.
If you haven't voted for your favorite burger restaurant, DO IT NOW!
|Checkoff-sponsored BQA Video|
|Japan's Imports Highest Since 2003 |
In August, Japan's beef/beef variety meat imports from the United States were up 29 percent to 18,669 metric tons, the largest monthly import volume from the U.S. that Japan has reported since 2003.
Through August, Japan's 2012 imports of 384,191 mertic tons were up 3 percent from a year ago with larger imports from the United States (+13 percent) and New Zealand (+5 percent), while imports from Australia were slightly lower (-1 percent).
On a value basis, imports were up 7.4 percent to $2.19 billion, including $687.5 million (+27 percent) from the United States.
September 28, 2012
Dr. John Michael Riley
Fed cattle were slow to move this week in the cash market. Most locations were too light to call a trend, but the reported five-area price was mostly steady with last week. In Texas, Kansas, and Nebraska a few live sales traded at $126/cwt on Thursday and dressed sales in Nebraska were at $195/cwt on Thursday. Limited cash trade in Iowa and Minnesota were reported at $124-$125/cwt for live and $194-$195/cwt for dressed. In Oklahoma City feeder steers were $2-$3/cwt higher, while feeder heifers were steady to $2/cwt higher. Feeder steers and heifers in Mississippi auctions this week were mixed and slaughter cows and bulls were $1-$2/cwt lower.
Live cattle futures started the week lower as some selling of last week's gains took place. Fairly steady movement the remainder of the week took place though as traders positioned ahead of the Cattle on Feed report, released Friday afternoon (Sep 21). The dip was most pronounced on the nearby (October) live cattle contract and less severe for more distant months. Feeder cattle prices tended to slip lower as the week progressed, until Friday, as the weakness in live futures which offset a bit by lower corn prices early in the week.
Corn futures were hit hard on Monday. After months of detrimental weather throughout the Corn Belt, harvest has begun those states - some earlier than expected as corn dried down faster. The recent spell of favorable weather was seen as a positive and resulted in lower prices for all grains and oilseeds on Monday. Prices picked up on Wednesday as Wall Street rallied, but the movement was short lived.
Wholesale boxed beef prices were higher this week. Choice finished with a weekly average of $194.11/cwt, up $2.61. Select beef averaged $183.71/cwt for the week, up $3.67.
2 MSU Collegiate C
3 - 14 State Fair
11 Lauderdale CCA
16 Kemper CCA
25 Marshall CCA
25 Chickasaw CCA