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Mississippi Cattlemen's Association
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FARMtastic February 7 & 8
 For an overview of Mississippi's diverse agricultural enterprises, visit FARMtastic in the Trade Mart on Feb. 7 & 8. Third grade classes are encouraged to sign up for the guided tours of FARMtastic on Friday, February 7th. Several agricultural associations, agencies and organizations will have displays both days and Saturday will feature the First South Chili Cooking Contest for culinary students. Click here for a preview of FARMtastic.  | | FARMtastic will be here February 7 & 8 |
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MCA Annual Meeting
 Richard Gebhart, Chairman of the NCBA Federation Division, will join us on February 1st at the annual meeting of the Mississippi Cattlemen's Association. A fourth-generation Hereford breeder, Gebhart is a university professor, lawyer, retired U.S. Army colonel and currently serves as Vice Chairman of the Oklahoma Beef Council. Schedule for February 1st: 11:00 a.m. MCA Executive Committee Noon - President's and Awards Luncheon 2:00 p.m. - MCA Annual Meeting 6:30 p.m. - Scholarship Dinner All activities will be held in the Mississippi Trade Mart
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Dixie National Mobile App
 Download the new mobile app for the latest updates and more information on rodeo events, tickets, concerts,livestock shows, and much more!  Available free from the Apple Store and Android Store directly to your smart phone. |
BCIA Bull Sale Nominations Due
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Beefed-Up Swedish Meatballs
 Winter Comfort Food Chill in the air and you're craving a hearty warm dish that tastes great now and even better as leftovers. Try Beefed-Up Swedish MeatballsTotal Recipe time: 35 to 45 minutes Makes 4 servings
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Miss. Beef Agribition Sale
 Consignments to the Mississippi Beef Agribition Sale will be accepted until January 31st. Show calves, open and bred commercial heifers as well as bulls will be offered at the March 22nd sale in Verona. |
 Again this year, Merck is offering our association cash for each empty Ralgro wheel turned in before February 1st. Drop your wheels by the office, give them to any association officer or bring them with you to the MCA annual meeting at the Trade Mart on February 1.
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Cattle Market Notes
Dr. John Michael Riley
January 17, 2014
Cash Cattle:
The hot streak continues for cattle and beef prices. The five-area fed steer price ended Friday at $142.39 and $227.27, respectively for live and dressed, up $2.91 and $5.79 compared to last Friday. In the Southern Plains, live cattle were about $3 higher at $142 on Wednesday. In Nebraska, live and dressed cattle sold at $142 (on Thursday) and $226-$229 (on Wednesday), respectively. Western Cornbelt trade took place on Wednesday at $139-$142 for live and $225-$227 for dressed. Steer and heifer calves in Oklahoma City were steady to $3 higher, feeder steers were steady to $1 lower, and feeder heifers were steady to $2 higher. In Mississippi auction markets steer calves were $2-$7 lower, heifer calves were mostly steady, feeder steers and heifers were $5 higher. Cull cows were $2 lower, cull bulls were $3 higher, and replacements were lower. Futures:
The nearby February contract took advantage of the direction in the cash cattle and beef markets, moving higher by $3.65. As the contract month moved further out the gains weakened, implying the market is in a "wait and see" mode. This is not surprising given the record breaking pace. I suspect deferred contracts want to see how demand holds up as these prices move to the retail meat case. Feeder future gains were less dramatic despite a drop in corn prices.
Corn futures were a few pennies per bushel lower this week. Dr. Williams has some comments here. I will add that pressure also came about from lower ethanol production and, more importantly, last Friday's supply/demand report. The report pushed the market higher which led many to send grain to the market. It has been known that producers were holding their corn in storage as a result of the drop in prices. It appears they saw an opportunity and jumped in.
Beef:
Like cash cattle, wholesale boxed beef was much higher this week. Choice boxed beef finished with a weekly average of $224.62, up $14.62. Select averaged $222.17, up $15.64.
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January
21 George/Jackson CCA 23 Stone CCA 23 Marshall CCA 23 Calhoun CCA 28 FB Beef Commodity Conference February
1 MCA Annual Meeting 4-7 Cattle Industry Annual Meeting 7-8 FARMtastic, MS Trade Mart
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Register Online
Registration is open for the 2014 Cattle Industry Convention and NCBA Trade Show in Nashville Tennessee.
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