January
13 Calhoun CCA
15 Pontotoc CCA
15 Webster CCA
15 Lee CCA
22 Jones CCA
22 Marshall CCA
February
4-7 Cattle Industry
Convention, San Antonio13-14 MCA Convention & Trade Show
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Wheels for Bucks
Merck will reward MCA for each Ralgro wheel we collect before the February convention.
Bring your wheels to the Dixie National and drop them in the Ralgro Barrel at the Beef Barn or give them to any MCA officer.
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Coming to Mississippi
June 9 - 12
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And the winners are .........
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Congratulations to the Top 10 finishers in the Mississippi's Best Burger Contest. Beechwood Restaurant, Vicksburg Blue Canoe, Tupelo Buon Cibo, Hernando Café Memories, Iuka Halfway House, Starkville Mockingbird Café, Bay St. Louis Neon Pig, Tupelo Side Street, Olive Branch Velvet Cream, Hernando Zip's, Magee Our expert burger judges will now sample the fan favorites to determine the winner of a $1,000 advertising package from the Mississippi Beef Council (not to mention bragging rights). The winner will be announced February 17 during "Beef Night" at the Dixie National Rodeo. |
Saturday's Central Mississippi Replacement Heifer Sale saw 123 bred heifers average $2566.
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Convention Highlights
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Dr. Mike Apley will join us to discuss the looming issue of antibiotic use in animals. A pharmacologist at Kansas State University, Dr. Apley is one of the foremost authorities on issues related to drug use in food animals. "A Taste of Beef" dinner and auction returns in 2015 with a dozen of Jackson's finest restaurants serving their favorite beef dishes on February 13 at the Agriculture Museum. The Dixie National Farm Expo is back on February 13 & 14 in the Trade Mart with the latest products and services for beef producers. MCA's Annual Convention activities include the business meeting, Scholarship Luncheon, and President's Banquet, all on Saturday, February 14.
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This is the final week to consign heifers to the March 28, Mississippi Agribition Sale in Verona. Contact Mike Howell (mhowell@ext.msstate.edu, cell 662-871-8468, office 662-566-2201) for details.
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Accepting Applications
MCA is accepting applications for Executive Vice President. Job description and the application form are posted under "News" on the MCA website. Applications and resumes should be emailed to: mscattle@telepak.net by January 30.
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Cattle
Market Notes
Dr. John Michael Riley
January 9, 2015
Cash Cattle:
The headline from the first full week of trading in 2015 was largely a carry-over from the previous year, "Cash trading is at a standstill." Expect this sentiment to continue as a result of smaller supplies and the continued move to formula type pricing. On Tuesday, Texas and Kansas sold live cattle at $168-$170.50. After taking the holidays off, auction markets across the U.S. resumed activity this week. In Mississippi, 700-800 pound feeder steers averaged $204, 600-700 pound steers averaged $237.50, 500-600 pound steers averaged $270, and 400-500 pound steers averaged $303.75. Heifers in Mississippi were roughly 90% of steer prices. In Oklahoma City, #1 and #1-2 steers weighing 500-550 pounds were $291, while 750-800 pound #1 feeder steers were $232, while #1-2 feeder steers were $223. Futures:
Cattle futures also started the new year where last year ended... sliding south. On Friday, feeder cattle futures lost about $10 compared to the close on January 2. Live cattle futures gave up about $5-$7 over the course of the week. Beef demand continues to be questioned in spite of lower oil prices, which should translate into more available spending (or possibly more saving), but time will provide the answer. Still, traders appear to be cautious across all commodity sectors as oil has fallen. Corn futures prices were mostly steady on the week. USDA will release their monthly supply and demand report on Monday (Jan 12). Beef:
Wholesale boxed beef prices were higher. Choice boxes averaged $252.76, up $5.36. Select boxes ended the week at an average of $243.23, up $5.44.
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