Forage Specialist Dr. Don Ball will be on hand each day with a presentation that will help improve your pasture and hay program.
A summer annual is being planted at Mathis Farm today for the grazing demonstration in Brookhaven.
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Cow Numbers
Worldwide
1. India 329,700,000 2. Brazil 207,960,000 3. China 104,188,000 4. European Union 88,000,000 5. United States 87,730,000 6. Argentina 51,745,000 7. Colombia 30,240,000 8. Australia 28,250,000 9. Russia 19,514,000 10. Mexico 17,760,000 The world has over 1 billion head of cattle.
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Cattlemen's College
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If you sell cattle at your local auction market, don't miss "Maximizing Value at the Stockyard" on August 27 and 28. Cattlemen's College will include a live cattle demo and panel discussion led by Jennifer Houston, Jimmy Bryan, Meade Mathis, and Mike Smith. The panelists will provide insight into maximizing selling price and profit when selling cattle at the local auction market.
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Google it! Mississippi Beef Council is joining the national consumer-advertising campaign using a digital platform. State checkoff dollars are being used to direct Google searches to the BeefI It's What's for Dinner website. Hundreds of search terms will direct consumers to the national website. An example would be, "quick beef recipe". Try it.
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MJCA Field Day
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Mississippi Junior Cattlemen's Association members are invited to a field day on August 2 at Hinds Community College. You may bring your show cattle or just come and enjoy the program. Please phone the MCA office to help in planning lunch.
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Hay Contest Entries are being accepted for the 2014 Hay Contest at Mississippi State. Classes for 1. warm-season perennial grass hay, 2. mixed, annual, or other hay, and 3. Grass baleage. First place winners in each category will be recognized with a Belt Buckle. Second place and third place winners will receive a plaque. See the Mississippi Forages webpage for details,
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Deep South Stocker Conference
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Mississippi is again hosting the Deep South Stocker Conference for cattlemen in the three-state area. Tours are planned for Thursday, August 7, with the conference and trade show slated for Friday. Go to the Deep South website for registration information.
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Reminder to scholarship recipients
To receive your scholarship, you must send proof of enrollment to the MCA office or email to LeAnne at: cbmag@att.net
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The Beef Cattle & Forage Fall Field Day will be held October 25 at the Prairie Research Center, a branch of the North Mississippi Research & Extension Center in Clay County.
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Forage Newsletter
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Check out the latest issue of the forage newsletter from Mississippi State University.
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China Lifts Brazilian Beef Ban
Brazilian producers are hoping to recapture lost ground after China announced it was lifting its ban on the country's beef, imposed following the discovery of BSE in 2012. Brazil's Ministry of Agriculture predicts beef exports to China could reach between $800 million and $1.2 billion in 2015, which would account for nearly 20 percent of exports, following an announcement July 17 by president Xi Jinping that China was ending its 18-month-long embargo on Brazilian beef. China suspended imports of Brazilian beef at the end of 2012 in reaction to an atypical case of bovine spongiform encephalopathy (BSE) in Brazil's Parana state. Brazil currently has eight beef processing plants approved by China for export, with another nine currently in the process of being approved this year, according to the Ministry of Agriculture. China's imports of beef rose 30 percent in the first half of this year from the same period in 2013. In addition to China, Peru and Iran recently announced the end of embargoes on Brazil beef.
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Cattle Market
Notes
Dr. John Michael Riley
July 25, 2014
Cash Cattle:
Negotiated cash trade moved sharply higher this week. The five-area weighted average steer price for the week ended Friday was $162.86, up $6.84 from the previous Friday, and dressed steers averaged $256.33, up $9.76. A few live sales in Texas panhandle were at $162, while at $165 in Kansas. In Nebraska, live and dressed sales were reported at $163.50-$166 and $257, respectively. Sales in the Western Cornbelt were $160-$163 and $257, respectively for live and dressed. Feeder steers rallied again this week in Mississippi auctions, improving about $10 for yearlings 700+ pounds. Steer calves under 700 pounds were steady to $10 lower. Feeder heifers saw similar strength, up $10-$20 for 600+ weight cattle. Heifer calves were mostly even. Cull cows and bulls were $3 lower to $1 higher. Feeder steers and heifers in Oklahoma City's auction were steady to $3 higher, while calves were called steady to $3 lower.
Futures:
The remainder of the losses of two weeks ago were largely recovered this week, especially for the remaining 2014 contracts. The market is still uncertain of what direction the 2015 contracts need to be in, but those contracts still ended the week in positive territory. Cash fed cattle and beef prices provided the bulk of the support. Macro-economic data continue to be positive and, therefore, provide support on the demand side. This week's Cold Storage report, showing the quantity of meat in freezers, revealed shrinking supplies of all major meats (beef, pork, and chicken) - (click HERE for some commentary on the report). However, signs indicate that the broiler industry has been ramping up production which may add pressure. The Cattle on Feed report indicated that light weight placements of cattle into feedlots were higher, but this was more than offset by smaller heavy weight placements. Corn prices continue to be under pressure. The condition of the crop looks good, borderline great (76% of the crop is rated Good or Excellent). Many corn market analysts expect yields to be north of 170 bushels per acre, which would likely push total production above 14 billion bushels. Beef:
Wholesale boxed beef prices were higher. Choice boxes averaged $253.77, up $3.62. Select boxes ended the week at an average of $249.15, up $5.62. The strength was carried on the back of "low-value" cuts like round and chuck which improved on the week, while "high-value" cuts like ribeye and sirloin moved lower.
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