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CattleWomen –
Mississippi CattleWomen’s Association members conducted beef promotion
activities at two events at the Truck Crops Experiment Station. On October
13th & 14th, the Fall Garden Festival hosted 6500 horticulture enthusiasts
to the station near Crystal Springs. CattleWomen distribute pre-cooked beef
samples and beef recipes to thousands of hungry consumers. The following
week, over 1500 kids attended the two-day Experiment Station Field Day to
visit the educational exhibits that included a CattleWomen’s beef program.
Bull Sale – The
Fall 2007 Mississippi Beef Cattle Improvement Association Bull Sale is
scheduled for Thursday, November 8, 2007 at noon at the Hinds Community
College bull sale facility in Raymond.
For those unable to attend, interactive video bidding sites will once again
be offered in Verona and Batesville for the BCIA sale. More information is
available on the sale website: http://msucares.com/livestock/beef/mbcia/bcia_bullsale.html
 
Grilling Contest
– The News Anchor Team from WLBT Channel 3 was the winner of this year’s
Celebrity Grilling Contest at the State Fair. Camera crews from three
Jackson television stations were on hand to promote their team - and beef -
on the day’s news broadcasts.
Congrats!! –
Following the State Fair, Lyle Denton’s name was drawn for the Mississippi
Beef Council’s steak dinner for two at Schimmel’s Fine Dining. Hundreds of
fairgoers signed up for nutrition information, recipes, weekly “Beef, It’s
What’s for Dinner” e-mails, and teacher packets - along with the dinner
drawing.
Cattle Market Notes,
Friday, October 19, 2007, Dr. John Anderson, Mississippi State University –
A few early sales last week at as low as $88 suggested a break in the
market; however, sales on late Friday were at mostly steady to a little
higher prices. Trade has once again been slow to develop. Some business
was done in the Western Corn Belt on Thursday at $90 to $92 -- $1 to $2
higher than last week in that region. On Friday, dressed prices in Nebraska
were $2 to $5 higher than last week at $145. Trade remained basically
non-existent in the South Plains, with Dow-Jones reporting asking prices of
$96 against bids of $93. The pace of slaughter this week should have
packers needing cattle. This week’s slaughter is estimated at 674,000 head,
up from 634,000 a week ago and 643,000 a year ago. Hog slaughter also
remains large (though down a bit from last week): 2,334,000 this week versus
2,353,000 last week.
Calf prices around the country were generally steady to a little lower. At
Oklahoma City, feeder steer and heifer prices were unevenly steady. Stocker
steer and heifer prices were $2 to $3 lower. At Lexington, Kentucky, feeder
steer prices were $2 to $3 lower. At Arkansas auctions this week, prices on
all classes were $1 to $3 lower.
At Mississippi auctions this week, feeder steer and heifer prices were
steady. Steer prices at Mississippi auctions this week were reported as
follows: 250-300 pounds, $135-$140; 300-400 pounds, $125-$135; 400-500
pounds, $110-$125; 500-600 pounds, $100-$110; 600-700 pounds, $90-$100;
700-800 pounds, not reported. Slaughter cow prices were $1 to $3 lower this
week.
Live Cattle futures were mostly lower this week. Live Cattle futures
closing prices on Friday (with change from last Friday’s close in
parentheses) were as follows: October $95.30 (+0.85); December $97.30
(+0.08); February $98.97 (-0.43); April $98.67 (-0.85); June $95.10 (-0.62).
Feeder cattle futures fell this week, pressured by higher grain prices and
receiving little support from deferred live cattle contracts. Feeder Cattle
futures closing prices on Friday (with change from last Friday’s close in
parentheses): October $111.50 (-1.87); November $111.30 (-2.17); January
$111.15 (-2.75); March $111.65 (-1.70).
Corn futures moved higher this week, adding to last week’s gains following
USDA report releases last Friday. December Corn closed on Friday at $3.70
¼, 51, up 19 ¼ cents from last week’s close. Soybean futures moved mostly
sideways this week. November beans closed on Friday at $9.83 ¼, up 6 ½
cents from last Friday’s close. Dr. Anderson’s complete report can be
accessed from
www.mscattlemen.org |
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Korea Trade Update
- Assistant U.S. Trade Representative Wendy Cutler urged South
Korean officials last week to expand beef trade beyond Korea’s current
protocol which allows for only boneless beef from animals younger than
30 months of age.
"We expect our trading partners to import beef, all products, all ages,"
Cutler said, citing the May 2007 decision by the World Organization for
Animal Health (OIE) which classified the Unites States as “controlled
risk” for BSE. This classification represents the effectiveness of U.S.
regulatory controls and dictates that U.S beef and beef products from
cattle of all ages can be safely traded in accordance with international
guidelines.
Beef trade between the United States and South Korea is currently
suspended due to a recent shipment that violated an interim trade
protocol by including vertebral column. In the wake of the suspension,
Korean officials said the two countries would work to establish new
sanitary and phytosanitary (SPS) standards for beef imports. In media
reports last week, South Korea Agriculture Minister Im Sang-gyu said,
“U.S. beef poses no health risks beyond international standards.”
Prior to December 2003, bone-in beef accounted for roughly half of all
U.S. beef exports to South Korea, and U.S. cattlemen are eager to regain
this important market share.
McDonald's Testing
New Steak Breakfast Burritos - McDonald's Corp. is testing two new
McSkillet Burritos in a number of markets, further evidence that quick
service restaurants continue to expand their breakfast menus in a bid to
capture or retain breakfast-customer dollars.
One of the new McSkillet Burritos features steak and the other features
sausage, both combined with potatoes, eggs, cheese and peppers.
"Customer preferences are changing. They are more open to trying bold,
flavorful, robust ingredients," said McDonald's Spokeswoman Danya Proud. She
could not predict when or if the new items might be rolled out beyond the
test markets.
McDonald's now attributes one-third of its U.S. revenue to breakfast
traffic. from meatingplace.com
Grass Fed Standard Developed - USDA has established a voluntary
standard for livestock marketed as grass fed. This standard, which was
published in the Federal Register, incorporates the revisions made as a
result of comments received from an earlier proposal.
The rule states that in order to qualify as grass fed only grass and/or
forage can be fed for the lifetime of the ruminant animal, with the
exception of milk consumed prior to weaning. Animals cannot be fed grain or
grain by-products and must have continuous access to pasture during the
growing season.
With the establishment of this voluntary standard, livestock producers can
request that a grass fed claim be verified by USDA, which will be
accomplished through an audit of the production process. Meat sold from
approved programs will be allowed to carry a USDA-verified claim.
The grass fed standard will go into effect November 15. |
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Senate Considering
Farm Bill Conservation Programs - Adequate funding and flexibility for
producers within Farm Bill conservation programs has been a top priority for
NCBA during congressional discussions on the Farm Bill. “Farm Bill
conservation programs such as the Environmental Quality Incentives Program (EQIP)
are very popular with our members,” says Stacey Satterlee, NCBA’s director
of legislative affairs. “These programs help cattle producers implement
voluntary conservation practices on their operations while promoting
agricultural production and environmental quality. We’re asking the Senate
to approve language in the Farm Bill that will allow our producers to
participate in cost-share conservation programs.”
Senate Ag Committee Chairman Tom Harkin (D-Iowa) told the media last week
that the coming Senate Farm Bill proposal has an estimated $4 billion in new
budget authority for conservation.
Energy Legislation
- As Congress prepares to conference energy legislation, NCBA, along with
the American Meat Institute, National Chicken Council, National Meat
Association, National Turkey Federation, United Egg Association, and United
Egg Producers sent a letter October 12th to leaders in Congress regarding a
potential increase in the mandates for corn ethanol production.
In June of this year, the U.S. Senate passed H.R. 6, the CLEAN Energy Act of
2007, which mandates 15 billion gallons of renewable fuels from feedgrain
products by 2015 – an increase that NCBA policy does not support. The House
version passed earlier this year contains no increase to the renewable fuel
standards (RFS).
NCBA wants policymakers to fully understand the ramifications of increasing
the RFS beyond its current 7.5 billion gallons by 2012. The letter points
out, “With respect to the existing RFS, the uncertainty of year-to-year crop
yields creates an urgent need for a safety valve in the event of a short
corn crop…In the event that corn supplies are not sufficient to meet food,
feed and fuel demand, the law should provide for a temporary reduction in
the RFS, triggered by an appropriate stocks or price indicator.”
As these bills are conferenced, NCBA will be urging for a final package that
does not include an increased RFS such as what is currently in the Senate
version of the bill. The letter says, “the existing RFS, enacted in 2005,
has already spurred rapid development in the renewable fuels industry. The
current RFS extends through 2012, and we believe this policy should be given
a chance to work before any additional mandates are added to it.”
USAHA Meetings -
NCBA’s Chief Veterinarian Elizabeth Parker was in Reno, Nev. last week for
the annual meeting of the U.S. Animal Health Association and the American
Association of Veterinary Laboratory Diagnosticians. More information on
these meetings is posted at
www.usaha.org.
Don't Miss NCBA’s
Cattlemen to Cattlemen - On this week’s Cattlemen to Cattlemen,
beginning at 7:30 p.m., Tuesday, October 23rd, Lee Leachman of Leachman
Cattle of Colorado explains the importance of quality genetics when building
or expanding a cattle herd. The Cattle Learning Center travels to Montana,
where veterinary experts have developed a screening project to battle the
problem of cattle being persistently infected with bovine viral diarrhea.
And Cattlemen to Cattlemen’s “Day in the Life” segment profiles California
rancher Duane Martin.
The show will be rebroadcast Wednesday at 3:30 a.m. and 11:30 a.m., and
Saturdays at 9 a.m. Make sure YOU tune into NCBA’s Cattlemen to Cattlemen on
channel RFD-TV. For more information or to check out past episodes, visit
www.cattlementocattlemen.org. |
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