Mississippi Cattlemen's Association
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Thanks!!
Thanks to 200+ volunteers who worked at the State Fair Beef Barn, we had a record year selling great beef meals. Over 5,000 ribeye steak sandwiches were enjoyed by hungry fairgoers.
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BCIA Bull & Heifer Sale
The Fall BCIA Bull & Heifer Sale will be held Thursday, November 8 at the Hinds Sale Facility in Raymond. Distance video biding sites will be in Verona and Batesville. Sale Catalog
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Heifer Development Contest
Congratulations to Jimmy Stewart on winning the Heifer Development contest and the first prize trailer. Other contestants, in order of finish, were: Will Gibson, Lane Gandy, Jacob Stewart, Cameron Crawford, Josh Vowell and Chip Gibson. The entry deadline for next year's contest is November 1, so contact your county Extension Service office for details.
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Pretty Cow
Skylar Noblin-Laminack of Hinds County was the winner of the Pretty Cow Contest at State Fair with her "chicken" saying, "Drink MOR Milk". Congrats!
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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!
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In Memoriam
Butch Withers, 68, passed away suddenly on October 14th, at home, of natural causes. He was Supt. of the Pontotoc Ridge Flatwoods Branch Experiment Station in Pontotoc, and then Head of the Animal Research Centers at MSU, both with MAFES. He then served as Head at the Research and Extension Center in Raymond, with Extension. He retired in 2006 after 35 years of service.
Joel Gill, 61, died October 18th, as the result of a car accident near Pickens. Gill was owner of Mississippi Order Buyers, Mayor of Pickens and had served on the Mississippi Beef Council since 1992.
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Farm Exports Expected to Fall
The Washington Post reports that the nation's top agricultural negotiator said that he expects farm exports to be down between $1 billion and $2 billion this year because of the drought. The tighter supply of grains, and the resulting higher price of feed, is driving up beef and poultry costs, though not to the point that international buyers are fleeing in droves, U.S. Chief Agricultural Negotiator Isi Siddiqui said. The U.S. exported $137 billion in agricultural products last year, and after this year's falloff, sales are projected to hit $143 billion in 2013, Siddiqui said. He added that he doesn't believe a one-year dip would lead to a lasting slowdown in sales to Asia, where China is a major buyer of U.S. dairy and meat, or elsewhere. "There has been a lot of demand. The last two years our exports were at the highest levels ever," Siddiqui said. He noted that demand for animal protein was on the rise and that the U.S. sold more than $7 billion in pork and more than $5 billion in beef last year.
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Timberland Bull Sale
Black Angus & SimAngus
November 17, 2012
Cullman, Alabama
Sale Catalog
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Market Notes
October 19, 2012
Dr. John Michael Riley
Cash Cattle: Fed cattle were higher again this week. Across the major feeding region most live sales were $2/cwt higher and dressed sales were $4/cwt higher. In the Southern Plains live cattle traded at $127-$127.50/cwt. In Nebraska, live and dressed cattle traded at $126-$128/cwt and $197/cwt, respectively. Iowa and Minnesota live cattle sold at $125/cwt and at $195-$198/cwt for dressed. In Oklahoma City, feeder steers and heifers under 800 pounds were steady to $2/cwt higher. Feeder steers and heifers were $1-$5/cwt higher in Mississippi auctions this week, while slaughter cows were $1-$2/cwt higher and bulls were $1-$3/cwt higher.
Futures:
Live cattle futures moved higher each day until Friday. The nearby October contract experienced the largest weekly gain at +$2.40/cwt, while gains were smaller as the contract month moved out with August 2013 live cattle up just under $1/cwt. Similarly, feeder cattle were much higher on the front months as compared to more deferred contract months. A number of fundamental positives played into the higher prices this week. First, strength in both cash cattle and boxed beef provided support. Furthermore, a weaker U.S. dollar mid-week and gains the stock market also helped. Stock market weakness on Friday coupled with traders exiting positions ahead of this month's Cattle on Feed report added pressure to end the week. The on feed report will likely be viewed as mildly bullish to neutral with placements down much more than expected, which was offset a bit by lower than anticipated marketings leaving all cattle on feed in-line with expectations. For more on the report visit here (link). Corn futures started the week sharply lower but rallied at the week's end to finish near last week's close. Pressure from the soybean pit and concerns over demand rationing pushed prices lower on Monday and followed through on Tuesday. Weakness for the U.S. dollar mid-week helped spark a rally with most hoping it would turn the sluggish export picture around. A flip-flop regarding demand rationing was seen Thursday with many thinking livestock users would re-enter the market with cattle prices moving higher.
Beef:
Wholesale boxed beef prices moved sharply higher this week. Choice finished with a weekly average of $195.65/cwt, up $4.50. Select beef averaged $180.30/cwt for the week, up $3.30.
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Calendar
October23 Noxubee CCA 25 Marshall CCA 25 Chickasaw CCA 25-27 AI School November8 BCIA Sale, Hinds 9 Grazing Clinic, Sage Farm 13 White Sand Field Day 15 MAFES Sale & Short Course MSU Horse Park 29, 30 Grazing Conference, Raymond
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