Month: October 2016

Global agriculture attracting greater levels of institutional investment

GLOBALLY, agriculture has attracted greater levels of interest from institutional investors in recent years, as they seek to diversify their portfolios and position themselves to take advantage of growing demand for food arising from population growth and increased consumption by the emerging middle classes in developing countries. That’s the view of financial analyst, Preqin, who… Read more »

Feedlot trading budget shows improving trend, but still well into the red

OUTCOMES have improved in Beef Central’s latest 100-day grainfed trading budget calculated this morning, but results are still well into the red. The forecast result of minus-$75 on the trade, is based on our typical feeder steer going on feed today and closing out after 105 days in February next year. While bad enough, it… Read more »

XE Market Analysis: Asia – Oct 18, 2016

The dollar sold off in the immediate aftermath of the slightly cooler U.S. core CPI outcome, though quickly bounced back as yields recovered, likely due to the launch of the large Saudi bond offering. Wall Street posted strong gains on better earnings results from Goldman, J&J and Netflix. EUR-USD topped at 1.1013 after the CPI… Read more »

300 cattle delivered to Indonesia for breeding program

Three hundred cattle have been delivered South Kalimantan as part of the Indonesia-Australia Commercial Cattle Breeding Program. The delivery, announced today by Australian minister for Agriculture Barnaby Joyce and Indonesian Investment Coordinating Board Thomas Lembong, has occurred under a flagship program of the Indonesia–Australia Partnership on Food Security in the Red Meat and Cattle Sector. A total… Read more »

Roma store 18 Oct 2016: Large consignments drawn from NW Qld

Yarding 6853 Change 4385 The number of cattle yarded increased this week, as parts of western Queensland dry out from recent rainfall. Large consignments of cattle were drawn from North West areas, mainly Winton. The bigger store sale attracted more restocker buyers to the market and all the usual feedlot buyers were operating. Prices remained… Read more »

XE Market Analysis: Sterling Follows Rise in UK Inflation

OVERVIEW Sterling is up by around 1% against both the Dollar and the Euro after UK inflation rose more than expected. Market sentiment turned positive after stronger-than-expected Chinese loan growth data raised expectations for GDP growth. U.S. inflation rose as expected to 1.5% year-on-year in September, though the core rate slowed unexpectedly to 2.2%. Australia’s… Read more »

NVLX Wodonga 18 Oct 2016: Prices buckle under spring surge

In a bigger yarding at NVLX Wodonga of just over 2000 cattle prices buckled. The spring surge of yearling cattle has started to come onto the market giving processors more control and choice. Trade heifers were well supplied, with some heifer’s showing the effects of the spring conditions. The main run of medium weight heifers… Read more »

Weekly rainfall wrap + 14 day outlook, 19 Oct 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Rainfall was recorded in the past week in the northwestern Top End, the east coast of Queensland, eastern to central New South Wales, Victoria, Tasmania, southern parts of South Australia and southwest Western Australia. Past seven days: At the start of the week, a cold… Read more »

XE Market Analysis: North America – Oct 18, 2016

The dollar traded mostly softer, which has put EUR-USD back above 1.1100 and USD-JPY below 104.00. A rare rebound in the pound, which was seen during the Asian session and extended in London following perkier than expected UK inflation data, was also in the mix. The weakness in the greenback follows remarks by Fed vice… Read more »

Weekly genetics review: 2016 – A bullish year for bulls

WITH just over 20 sales to go, all in Queensland, the 2016 bull selling year is rapidly drawing to a close – and what a year it’s been. Frantic bull bidding over recent months suggests buyers are prepared to pay whatever it takes to procure quality herd sires. Record commercial cattle prices and an unbelievable… Read more »

BeefEx: When risk-averse policies create unintended problems

NSW farmer Mark Swift. Regulations designed to make diesel engines safer are increasing the risk of harvester fires in Australian conditions because they require engines to run at hotter temperatures to burn particulate matter. The same risk-averse approach to policy-making is also costing Australian farmers valuable access to efficiency-creating technologies being enjoyed by their global… Read more »

Food safety test for red meat producers to comply with LPA

AUSTRALIAN cattle, sheep and goat producers will have their knowledge of on-farm food safety requirements assessed from January next year. For the first time, producers will need to successfully complete a compulsory online assessment in order to renew their Livestock Production Assurance program accreditation. Livestock Production Assurance Advisory Committee chair Kevin Roberts said the assessment… Read more »

$30,000 Speckle Park bull sets new breed record

AS the 2016 spring bull selling season starts to wind down, a new national record breed price has been established for Speckle Park bulls, at $30,000. The new benchmark was set at the Wattle Grove Speckle Park on-property sale near Oberon on Saturday, breaking the Australian breed record when knocked down to Dennis Power and… Read more »

XE Market Analysis: Asia – Oct 17, 2016

FX trade was quiet in N.Y. on Monday, with most major dollar pairings maintaining narrow ranges. The greenback was mostly lower through the day, taking a breather from recent gains, and pulling back from the overnight seven-month DXY peak. Incoming data included an in-line industrial production report, and a weaker Empire State index outcome, neither… Read more »

Kimberley Pilbara Cattlemen’s Association celebrates rural women’s day in style

The Cable Beach club provided a spectacular setting for the Kimberley Pilbara Cattlemen’s Association Ladies luncheon on the International Day for Rural Women. The team from Landmark Broome, Annika Pyle, Gemma Oldfield,Jessica Groves and Regina Stewart, with keynote speaker, ABC’s Foreign Correspondent, Sally Sara (centre). Karen O’Brien from Liveringa Station and Helen Campion from Anna… Read more »

XE Market Analysis: Markets Bet on December Fed Rate Hike

OVERVIEW Reports state that the UK government is considering paying into the EU budget in order to maintain single market access. Eurozone inflation for September was confirmed at 0.4% year-on-year as the gradual recovery in prices continued. The Empire State manufacturing PMI came in at -6.8 for October, down from -1.99 last month and disappointing… Read more »

XE Market Analysis: North America – Oct 17, 2016

The dollar traded somewhat mixed in mostly narrow ranges in early-week trade. EUR-USD edged out an 11-week low at 1.0963, making this the sixth consecutive lower low on the daily chart, before the pair recouped toward 1.1000. Boston Fed president Rosengren repeated in a WSJ interview over the weekend his arguments for hiking sooner rather… Read more »

XE Market Analysis: Europe – Oct 17, 2016

The dollar has opened the week on a mixed-to-firm footing, edging out an 11-week high versus the euro, nudging higher versus the pound and commodity currencies, but holding near net steady against the yen. EUR-USD logged an 11-week low at 1.0963, making this the sixth consecutive lower low on the daily chart. Boston Fed president… Read more »

Korea about to trigger its safeguard provision on Aussie beef

IN a case of being a victim of one’s own success, Australian beef exports to South Korea are about to suffer a setback for several months as the country triggers its Safeguard market protection provision. The development comes as Australia’s beef exports to Korea perform strongly, in the face of a declining Korean domestic beef… Read more »

Beef stakeholders from 15 countries attend sustainability roundtable in Canada

Advancing zero deforestation in beef production, assessing the overall sustainability of the beef value chain and connecting consumers and sustainability were among the topics at the 2016 Global Conference on Sustainable Beef (GCSB) held earlier this month in Banff Springs, Alberta, Canada. A report of the meeting provided by the co-hosts the Global Roundtable for… Read more »

US Equity and Economic Review: Short-Term Market Trend is Slightly Lower

     This was a light week for U.S. economic news.  There were two labor market releases.  First, the labor market conditions index declined 2.2.  This data series, produced by the Kansas City Fed, is remarkably accurate.  There’s a .83 correlation between it and the monthly change in payrolls for the last 10 years as… Read more »

US Bond Market Week in Review: The Fed Again Overshoots Their GDP Predicsion

     On Wednesday, the Fed released the minutes from their September meeting.  As usual, their analysis of the current situation began with a discussion of the labor market, which they viewed positively.  The unemployment rate and the 4-week moving average of unemployment claims are low, the labor force participation rate and employment to population… Read more »

International Economic Week in Review: No Central Theme, Edition

     This week, there was no central theme or major report to highlight.  Instead, I’ll discuss the major releases from the developed regions along with some important speeches given by several central bankers.      EU news was positive.  Industrial production, which has been moving sideways since 4Q15, gained 1.6% M/M and 1.8% Y/Y.  All… Read more »

Gundamain feedlot team crowned Top Guns in implant performance

Andrew Herbert accepts the 2016 Coopers Top Gun award on behalf of Gundamain feedlot’s induction team from Coopers’ Rob Baynes, flanked by the Coopers “Top Guns” THE economic and welfare benefits of best-practise HGP implant procedure were highlighted in an important award presented during the BeefEx feedlot industry conference on the Gold Coast last week…. Read more »

Weekly Indicators: a slight darkening of the picture edition

Commodity prices as measured by industrial metals bottomed last November. ECRI subsequently turned up as well, enough so that both turned positive.  After briefly turning down enough to be negative, industrial metals are positive again. Stock prices S&P 500 Down -1.1% w/w  Stock prices became a positive having made new all-time highs in summer. Regional… Read more »

XE Market Analysis: Asia – Oct 14, 2016

The dollar traded on a slightly firmer footing in early N.Y. on Friday, buoyed by warmer PPI and decent retail sales data. Following weak consumer sentiment data later though, the greenback eased back into session lows. Wall Street gave back the bulk of early gains, which weighed down USD-JPY. That pairing topped at 104.47, later… Read more »

U.S. Retail Sales Rebound

OVERVIEW The market looks like it will end the week on a positive note with Asian and European markets in the green, following stronger inflation data from China. Bank of England Governor Mark Carney said the central bank is not “indifferent to the level of Sterling, and it does matter, ultimately for inflation”. Donald Tusk,… Read more »

Young Lotfeeder of the Year winner sees bright future in grainfed sector

TWENTY-nine year old Emily Pollock from Gunnee feedlot near Delungra in northern NSW was judged 2016 Young Lotfeeder of the Year during the grainfed industry’s BeefEx conference on the Gold Coast last week. Employed is livestock team supervisor at the Gunnee feedlot near Delungra in northern NSW, Emily grew up near Armidale on a beef… Read more »

Big rise in AuctionsPlus trading, as weaned steers sell to 519c live

Part of a line of 257 8-10 month old weaned steers 220kg from Consuelo Cattle Co, Rolleston, QLD which made 519c/kg to return $1145 on Friday. CATTLE numbers were up, up, up on AuctionsPlus this week, with a total listing of 12,527 head, up 43 percent on the previous week as conditions start to dry… Read more »

XE Market Analysis: Europe – Oct 14, 2016

USD-JPY edged out a two-day high of 104.15 in Tokyo trade today, but has so far lacked impetus to challenge Wednesday’s high at 104.63. The tick higher was mostly a reflection of yen weakness, which lifted EUR-JPY and other yen crosses. AUD-JPY, which is a risk appetite proxy, recouped most of the losses seen yesterday… Read more »

Confidence, cattle prices fuel red-hot market for three North Qld property sales

TWO well-known northern Queensland grazing properties sold under the hammer on Wednesday at rates close to, or above the 2007 market high-water point, while a third sold prior to auction for what may be a district beast area record price. The result is the latest expression of the current strength in the northern Australian grazing… Read more »

Australian super fund launches $400m late bid for Kidman

* Editor’s note: since this item was first posted earlier today, it has been revealed that the super fund trustee behind the bid is ASX-listed Equity Trustees.   AN Australian-owned superannuation fund backed by one of the largest trustee companies in Australia, has announced plans to bid for the S. Kidman cattle business. The super-fund,… Read more »

Green blanket covers western Qld, but prices stifling restocking

A picture of Winton taken from the air last week. Western Queensland from the air is a blanket of green and sunlight glinting off stockwater dams that until recently brimmed only with dust. It is a picture that suggests a rapid cattle herd rebuild may soon be underway, but on the ground that is not quite… Read more »

Property: Strong auction demand results in solid sales for CPC cattle holdings

THREE well-regarded central western Queensland grazing properties owned by Consolidated Pastoral Co sold at auction in Brisbane yesterday – all at rates regarded as ‘highly competitive’ in the current super-strong northern Australian property market. The three holdings all sold under the hammer, injecting almost $18 million into CPC’s coffers, to be re-directed into further development… Read more »

XE Market Analysis: Asia – Oct 13, 2016

The recent dollar rally took a breather in N.Y. on Thursday, taking the DXY to lows near 97.50, from seven-month highs of 98.12 seen overnight. EUR-USD found support ahead of 1.1000 through the session, later topping at 1.1054. USD-JPY suffered on the back of risk-off conditions, taking that pairing to 103.34 lows from 103.88 at… Read more »

Recruitment: Hiring during times of business growth

Latest listings on Jobs Central recruitment page: Overseer – Nockatunga Station (CPC) Station Managers (MDH Pty Ltd) Feedlot Manager – Tallawanta feedlot, NSW (Allied Beef) Feedlot Manager (Appletree Feedlot) Regional Rural Enterprise Officer (Central Land Council) Electrician (Bindaree Beef) Overseer/Station hand – Surat region QLD Chief Executive Officer (Cattle Council of Australia) Livestock Team –… Read more »

Chinese Exports Slump

OVERVIEW Weaker than expected Chinese trade data has put the market in another cautious ‘risk-off’ mode, with the Japanese Yen and Swiss Franc strengthening. Last night’s FOMC minutes indicated that its policy makers are getting closer to raising rates, with several Feds judging a hike would be warranted “relatively soon”. The ECB is said to… Read more »

XE Market Analysis: North America – Oct 13, 2016

The dollar traded mixed, logging trend highs versus the euro but retreating to over a net 0.5% loss on the day against the yen, having hit a 10-week peak during the early Tokyo session. A big miss in Chinese exports drove a risk-off play in forex markets in the Asia session. AUD-JPY, which is a… Read more »

XE Market Analysis: Europe – Oct 13, 2016

A big miss in Chinese exports drove a risk-off play in forex markets in the Asia session. AUD-JPY, which is a risk appetite proxy, shed nearly 1%, while USD-JPY, which had earlier clocked a 10-week high at 104.63, tipped back sharply to a low of 103.55, subsequently settling around 103.80. Aside from the 10% y/y… Read more »

BeefEx: Expansion plans signal positive vibe across feedlot sector

WHILE profitability and cattle supply is currently tough enough across the Australian feedlot sector, there’s no shortage of evidence of operators prepared to look over the horizon, with considerable expansion happening in feedyards across the country. Accounts of various capacity development projects – either recently completed, under construction, or about to be implemented – were… Read more »

‘One-percenters’ add up for Feedlot of the Year award winners

The Whyalla team celebrate their Feedlot of the Year win, for yards over 10,000 head – from left, John Collman, Craig Thorne, Anthony Cash, with Simon Lakin from Elanco, as well as Gino Destefani, Leigh Streeter and Daron Higgins. Image: Peter Sechi Photography. Whyalla feedlot team collecting their Feedlot of the Year award last night… Read more »

Cailin rides to success in feedlot career

2016 Zoetis medal winner Cailin O’Connor and Tess and Andrew Herbert from Gundamin Feedlot, Eugowra, NSW. What’s the secret to being a good pen rider? Concentration, and experience in different situations, conditions and climates, says 2016 Zoetis Medal winner Cailin O’Connor. Ms O’Connor, a pen rider at the Gundamain Feedlot at Eugowra near Orange, NSW,… Read more »

Opinion: Objective measurement does not negate need for independent graders

OPINION One of the most interesting outcomes from Senator Barry O’Sullivan’s travelling beef show last week was to hear and watch producers talk about the mistrust that producers felt. Rightly or wrongly there is concern amongst producers about the amount of trim prior to scales and the grading which is undertaken by  company graders. The… Read more »

XE Market Analysis: Asia – Oct 12, 2016

The dollar advanced further in N.Y. trade on Wednesday, taking the DXY over the 98,00 mark for the first time since March. EUR-USD dipped to 1.1005 lows, fresh two-plus month lows, as USD-JPY topped 104.45, also a two-month peak. Cable gave back the 1.2300 handle, settling into 1.2250, as USD-CAD advanced over 1.3285 as oil… Read more »

Katter says he “smells a rat” in Kidman sale process

Federal member for Kennedy Bob Katter has weighed into the S. Kidman & Co sale debate, holding a media conference to declare he “smells a rat” over the handling of the sale process. As has been widely reported in recent days, the long-running Kidman sale process appears close to a final result with the Kidman… Read more »

MLA’s 2015-16 eastern states saleyard survey results released

The results of MLA’s annual saleyard survey for 2015-16 have been released for NSW, Queensland and Victoria, with results for SA and WA soon to follow. In NSW, the three largest cattle selling centres for 2015-16 remained the same as the previous year. Dubbo was the largest in the state, with consignments totalling 236,651 head… Read more »

British Pound Recovers

OVERVIEW The British Pound regained some ground overnight, falling below 1.21 against the US Dollar yesterday on continued fears over a hard Brexit. Bank of Japan policy makers signaled that the bar to additional monetary easing has been raised following last month’s policy changes. Eurozone’s industrial output rose by a stronger than expected 1.6% in… Read more »

NVLX Wodonga 12 Oct 2016: Prices supported by wet conditions

Despite more rain and sodden paddocks numbers lifted to just over 1600 at NVLX Wodonga. Cattle prices were supported by wet conditions and the unusually low numbers at all selling centres. Rates were generally firm to cheaper, with the market showing some volatility, with returns varying for the yearling heifer portion. The vealer market showed… Read more »

XE Market Analysis: North America – Oct 12, 2016

The dollar has been trading mixed so far today, gaining versus the euro and yen, but losing ground to the pound, which rebounded strongly today, and the Australian dollar. EUR-USD clocked a 10-week low of 1.1031 while USD-JPY settled in the mid 103s, fractionally up on the day but remaining well within yesterday’s range, in… Read more »

Weekly Property Review – Cooperative approach can unlock potential rewards

Springfield near Mt Surprise is being markeked in conjunction with neighbouring St Ronans A COOPERATIVE approach by neighbouring land owners wanting to sell could be the key to unlock additional value, with several examples highlighting the financial benefits of aggregating to create scale and attract corporate buyers. Henry Slaney from Charters Towers-based Slaney & Co… Read more »

XE Market Analysis: Europe – Oct 12, 2016

Sterling rebounded two big figures against the dollar in logging a peak of 1.2325. The pair has since settled around 1.2270, but remains about 1.2% up on the day. The move was sparked by news, reported initially by Sky, that PM May has backed down and will allow parliament to scrutinise the government’s Brexit plan… Read more »

Kidman sale a ‘done deal’? Australian syndicate still in the picture

There may be another twist yet in the long-running and at times controversial saga to find a buyer for S. Kidman & Co. Reports this week have suggested a long-awaited sale is all but a done deal after Gina Rinehart’s Hancock Prospecting Pty Ltd and China’s Shanghai CRED formally launched a $365m bid on Sunday night to buy the… Read more »

David Warriner named as new NTLEA chair

The Northern Territory Livestock Exporters Association has named David Warriner as its new chairman. He replaces Andy Gray from Territory Rural who chose not to stand for a second term. NTLEA chief executive officer Stuart Kemp praised Mr Gray’s service and welcome Mr Warriner to the new role. “We’re very grateful to Andy for two years… Read more »

Feed grain update: The elephant in the crop

Luke Walker, Alliance Grains, Toowoomba. Quality is the elephant in the room with so much rain through August and September. In just a few weeks the wheat, barley, and chickpea harvest will be in full swing. As usual there are more questions than answers concerning the marketing and quality of the harvest, especially pulses thanks to… Read more »

XE Market Analysis: Asia – Oct 11, 2016

The dollar firmed in N.Y. trade on Tuesday, taking the DXY to seven-month highs of 97.68. Firmer yields and increased expectations for a Fed rate hike before year-end have supported. EUR-USD and cable led the charge, with the former falling to fresh two-month lows of 1.1055, and the latter bottoming at 1.2107, which on a… Read more »

Is a stabilizing unemployment rate a precursor to recession?

One of the increasing meme’s I’ve read on Doomer sites is that, because the level of initial jobless claims, or the unemployment rate, is so low, they are actually harbinger’s of recession.  One such commentator has gone so far as to claim that jobless claims are “in a bubble” — for about the last two… Read more »

Roma store 11 Oct 2016: Cows and calves to $1820

Errol Rolfe, Marie Downs, Roma, with livestock agent, Gary Cartwright, watched the Marie Downs steers sell to 420c/kg for 289kg to return $1213/head at Roma’s Store Sale on Tuesday. Picture: Martin Bunyard Yarding 6853 Change 4385 The number of cattle yarded increased this week, as parts of western Queensland dry out from recent rainfall. Large… Read more »

Kay’s Cuts: Who’d be a cattle feeder?

With the biennial BeefEx feedlot conference starting on the Gold Coast this morning, Beef Central’s regular US market commentator Steve Kay from Cattle Buyers Weekly provides some timely insight into the lotfeeding landscape in the US at present ….     Steve Kay IT’S often said that the biggest gamblers in the North American, and perhaps… Read more »

PPP Award seeks to acknowledge young emerging industry leaders

PROGRESSIVE young livestock sector stakeholders from across Australia are being encouraged to apply for the 2017 Zanda McDonald Award, which is now open for nominations. The award, which comes with a $30,000 prize package, offers a unique career-enhancing opportunity, whereby successful applicants are introduced to and gain exposure from the Platinum Primary Producers Group –… Read more »

Rand Plunges as Finance Minister Summoned

OVERVIEW A number of currencies are on the move today with the Dollar broadly strengthening on presidential polling, increasing bets that the Federal reserve will raise rates in December. The British Pound continues to move lower after new members of the Bank of England said that the Sterling could weaken further.  The New Zealand Dollar… Read more »

XE Market Analysis: North America – Oct 11, 2016

The dollar has traded firmer both yesterday and today, logging two-session highs today versus the euro and a three-session peak against the yen. Fed tightening expectations have been keeping the dollar bid. The U.S. currency was showing an average 0.4% gain versus its G3 peers plus sterling, as of the early European PM session. Our… Read more »

Weekly genetics review: Yearling bulls crack the code at Oodnadatta

Three years ago Oodnadatta (SA) cattleman Andrew Clarke of Allandale Station put out 15 two year old bulls following seasonal rain. Six were never seen again presumably overcome by tough conditions. That was a game changer for the manager of the 5000sq km cattle operation located 1100km north of Adelaide and 600km south of Alice… Read more »

Wagyu genetics/genomics field day explores opportunities

A TWO-DAY Wagyu Genetics and Genomics field day and workshop next month on Queensland’s Darling Downs will help unravel many of the questions existing and potential Wagyu producers have about how to benefit from the world-wide demand for Australian Wagyu beef. The first field day component of the event will be staged at Kerwee Lot… Read more »

XE Market Analysis: Europe – Oct 11, 2016

The dollar continued to trade firmer. EUR-USD logged a low of 1.1119, putting last Friday’s two-month nadir into reach, while USD-JPY’s rally extended to a peak of 104.04, swinging last Thursday’s six-week peak at 104.16 into scope. Fed tightening expectations having been keeping the dollar bid. Our post-employment data survey of Fed watchers found all… Read more »

Teys’ animal health feedback project aims to lift industry performance

ONE of the nation’s largest beef processors plans to provide all livestock suppliers with detailed animal health performance on slaughter cattle by early next year. The move is part of a broader vision by Teys Australia to embrace Value-Based Payment systems with suppliers over the next couple of years. Teys general manager for corporate affairs,… Read more »

Objective carcase measurement – coming soon to a beef plant near you?

MLA director Richard Norton addressing a producer meeting at Quilpie last week. Automated carcase scanners using x-ray and 3D cameras could start replacing humans in determining how carcases are graded and priced in Australian meatworks from next year. The introduction of objective measurement in the carcase grading process is being embraced as a way to… Read more »

XE Market Analysis: Asia – Oct 10, 2016

North American trade was light on Monday, with the U.S. partially closed, and Canada off for Thanksgiving. The dollar was mixed overall, posting modest gains versus the euro and yen, while losing ground to the CAD on firmer oil prices. EUR-USD eased from 1.1165 to 1.1139 lows, as USD-JPY topped at 103.79 up from 1.0330,… Read more »

Voting opens for CCA Board nominations

Marc Greening, NSW and David Hill, QLD have been re-nominated for their respective independent board positions with Cattle Council. Five State Farming Organisation board positions are also open for endorsement, including: Victorian Farmers Federation WA Farmers Federation AgForce Queensland Northern Territory Cattlemen’s Association Livestock SA The two independent board positions along with the state farming… Read more »

Wagga sale 10 Oct 2016: Price rally maintained

The price rally after recent rain was maintained at Wagga Wagga. More than 3900 cattle were yarded as the higher prices and the Labour day public holiday last Monday, drive increased supplies of cattle onto the market. Price results overall were mixed, reflecting the spring conditions. There was high demand for light-weight secondary weaner steers, with… Read more »

XE Market Analysis: German Exports Jump in August

OVERVIEW The U.S. presidential debate comprised accusations from both Trump and Clinton over the other’s behavior and personal life. U.S. markets are closed for Columbus Day.  The Organisation for Economic Cooperation and Development said its leading indicator points to stable growth momentum in major economies with UK growth stabilizing at a lower rate. The Eurozone… Read more »

XE Market Analysis: North America – Oct 10, 2016

Thin conditions have prevailed so far today amid holidays in Japan and Canada, and a partial holiday in the U.S. (Treasury markets and Federal Reserve closed, but Wall Street open). The Mexican Peso and Canadian dollar were showing net 1.7% and 0.3% gains versus the U.S. dollar, respectively, as of the early European PM, suggesting… Read more »

XE Market Analysis: Europe – Oct 10, 2016

Both the Mexican peso and Canadian dollar are higher, having rallied in early Asian trade before giving back some, but not all, of the gains during the second Trump versus Clinton presidential debate. The peso, going into the London open, is showing a 1.3% gain versus the U.S. buck, at 19.047, while the Canadian dollar… Read more »

Digital stockman musters AA Co cattle data

Digital technology is helping some of Australia’s largest beef industry players to deliver cattle and beef exactly to their customers needs, as MLA’s red meat digital forum in Brisbane heard last Thursday. EVERY night, a muster with a difference occurs across the Australian Agricultural Co’s vast cattle stations. It doesn’t involve physical stockmen or women,… Read more »

Rinehart, Shanghai CRED confirm bid to buy S. Kidman & Co

Mining magnate Gina Rinehart and Chinese real estate company Shanghai CRED have lodged a joint bid to buy Australia’s largest landholder S. Kidman and Co. In a statement issued on Sunday evening, Mrs Rinehart’s Hancock Prospecting Pty Ltd and Shanghai CRED have formed a joint venture company, Australian Outback Beef Pty Ltd (AOB). The joint… Read more »

Tight cattle supplies to continue through 2017, MLA forecasts

AUSTRALIAN cattle supplies are at their lowest level in 20 years and likely to remain tight throughout 2017 before slowly increasing from 2018 onwards, Meat & Livestock Australia’s quarterly cattle industry update released today suggests. MLA’s market information manager Ben Thomas said Australia’s severely depleted national cattle herd was the result of back-to-back years of… Read more »

More cyclones forecast for northern Australia this year

THE Bureau of Meteorology is predicting a return to a more active tropical cyclone season in 2016–17. Climate Prediction services manager, Dr Andrew Watkins, said Australians should expect an average to above-average tropical cyclone season due to neutral to weak La Niña conditions in the tropical Pacific Ocean. “This year we’re experiencing warmer-than-average sea surface… Read more »

BeefEx: Premier grainfed industry showcase launches + VIDEO

THE premier showcase for the grainfed beef industry for 2016, BeefEx launches tomorrow at the Royal Pines Resort on the Gold Coast with nearly 400 delegates registered to attend. Hosted by the Australian Lot Feeders Association, the BeefEx program is teeming with fresh content, boasting an esteemed line up of international speakers, a showcase of… Read more »

Cases of Q fever not associated with livestock increasing

The incidence of human cases of Q fever not associated with livestock is increasing in Victoria and Queensland – and a new national study involving The University of Queensland has researchers wondering why. Q fever, an infectious disease which causes prolonged, debilitating illness, is transmitted to humans from goats, sheep, cattle and other animals. UQ’s… Read more »

US Equity and Economic Review: Stronger ISM Numbers And a Market Treading Water

     This week, the Institute for Supply Management released the latest manufacturing and non-manufacturing reports.  The manufacturing number rebounded into positive territory, rising 2.1 points to 51.4.  New orders were up 6, production increased 3.2, and the anecdotal comments were encouraging.  The lack of participation was the only negative: only 7 of 18 sectors… Read more »

US Bond Market Week in Review: 2 Brief Points About Employment and Interest Rates

I’d like to make 2 brief points in this column: On Friday’s employment report: the headline number was 167,000 which lowered the 3-month average to 191,666.  Although the headline numbers have been coming down a bit, they are doing so in a 5% unemployment environment, meaning there are fewer people to hire.  Earnings were up… Read more »

International Economic Week in Review: Another Warning About Growth, This Time From the IMF

     In the post-Great Recession world, announcements from global groups such as the IMF, OECD and World Bank that warn about slowing growth occur with clockwork precision.  This week, the IMF took its turn, releasing the latest World Economic Outlook that contained the following general observation: Global growth is projected to slow to 3.1 percent… Read more »

Weekly Indicators: oil prices are no longer a tailwind edition

Commodity prices as measured by industrial metals bottomed last November. ECRI subsequently turned up as well, enough so that both turned positive.  After briefly turning down enough to be negative, industrial metals are positive again. Stock prices S&P 500 Down -0.7% w/w Stock prices became a positive having made new all-time highs during the last… Read more »

Cows & calves average $2500 as high demand on AuctionsPlus continues

These 91 weaned Angus steers 5-6 months old at 208kg from Merriwa, NSW made 531c/kg or $1105 on Friday. STRONG demand continued across most categories on AuctionsPlus last week, as soring restocking and backgrounding momentum continues to gather pace. Cows and calves were a highlight, averaging almost $2500, while young cattle demand was also strong…. Read more »

Another big slide seen in September beef exports

SEPTEMBER beef exports reflected the recent sustained decline in cattle slaughter across Australian eastern states, slumping to just over 75,405 tonnes for the month, according to Department of Agriculture figures released late last week. The figure is more than 26,000 tonnes, or 25.7 percent behind total exports seen in September last year, when beef processing… Read more »

XE Market Analysis: Asia – Oct 07, 2016

The dollar rattled around after the softer U.S. jobs report, though eventually lost altitude into the weekend on profit taking. The 156k NFP outcome was light of expectations, though for the most part did not alter the Fed rate outlook. December odds remained about where they were ahead of the data, near 60%. EUR-USD based… Read more »

XE Market Analysis: Flash Crash & Pound Plunges

OVERVIEW Markets are unsettled following the Pound plunging by over 6% in just a couple of minutes against the U.S. Dollar, overnight. Francois Hollande’s comments that the UK must be made to pay for leaving the EU has stirred concerns that the UK could lose access to the single market, causing further pressure on the… Read more »

XE Market Analysis: North America – Oct 07, 2016

The pound saw a dramatic “flash crash” dive and partial recovery during the early Asia session, which is a notoriously thin time of the day for sterling markets. The catalyst was remarks from French PM Hollande, who backed up Merkel in signalling that the EU will be heading into Brexit negotiations on a hardline stance…. Read more »

XE Market Analysis: Europe – Oct 07, 2016

The pound saw big volatility after Hollande signalled that the EU will be a tough stance at upcoming Brexit negotiations. Cable dove precipitously, making a low of 1.1841 on EBS before rebounding to 1.2483 and then settling around 1.2450, which is still a net loss of 1.2% on the day. The notoriously thin sterling market… Read more »

SE Asia Report: Indo policies threaten trade viability, Viet importers benefit

  Indonesia: Slaughter Steers AUD $4.27/kg live weight (Rp9,950 = $1AUD) Live steer prices remain unchanged with the average at Rp42,500 per kg live weight. The apparent small increase in the AUD price above is due to currency movements only. As for last month, importers dare not increase slaughter cattle prices in case they are… Read more »

Recruitment: Three hints to help make your new recruit shine

Latest listings on Jobs Central recruitment page: Chief Executive Officer (Cattle Council of Australia) Livestock Team – Iranda feedlot SA (Iranda Beef) Beef Sales Manager (Mort & Co) Northern Supply Coordinator – Darwin (AA Co) Meat Processing Staff – Livingstone Beef (AA Co) Pen Rider/Stockperson – Chinchilla Feedlot (Stanbroke) Landcare Coordinator-Barkly Region NT (Barkly Landcare)… Read more »

Young Lotfeeders take the stage at BeefEx

THREE Young Lotfeeder of the Year competition finalists for 2016 will make presentations at the BeefEx feedlot conference on the Gold Coast next week. The finalists for the Performance Feeds Young Lotfeeder title – Jeff Schuller from Coonamble feedlot, Coonamble, NSW; Amanda Moohen from Wonga Plains feedlot, Irvingdale, QLD; and Emily Pollock from Gunnee feedlot,… Read more »

XE Market Analysis: Asia – Oct 06, 2016

The dollar rallied in N.Y. trade on Thursday, taking the DXY to better than two-month highs of 96.67. Slightly better U.S. jobless claims data helped sentiment, and added to generally better data seen this week, which has improved the odds for a Fed rate hike into year-end. Of course, Friday’s employment report will be key… Read more »

Start with the problem, not the solution, ag tech startups advised

Interest in ag tech investment in Australia is taking off, as evidenced by the fully subscribed, standing-room-only crowd which packed a Brisbane conference room yesterday for MLA’s inaugural red meat industry digital strategy forum. In the rush to get new technology to market in an increasingly crowded space, one question repeatedly emerged at yesterday event: to what extent are new… Read more »

Dubbo sale 6 Oct 2016: Young cattle dearer, grown cattle ease

Following a few more days of fine weather numbers lifted by 500 for a yarding of 4070. It was another good quality yarding with a good selection of well finished young cattle right throughout the yarding along with some top runs of properly finished bullocks. Prime conditioned cows were also well supplied. The yarding was… Read more »

Japanese Yen Weakens

OVERVIEW  The Japanese Yen fell to a four-month low against the Dollar overnight as the U.S. services PMI raised the prospect of a rate hike. The Pound has fallen to a fresh 31-year low against the US Dollar as negative market sentiment once again causes investors to sell the Pound. German industrial orders rose more… Read more »

XE Market Analysis: North America – Oct 06, 2016

The dollar posted moderate gains against most currencies, though ranges were generally narrow. EUR-USD ebbed under 1.1200 and USD-JPY eked out a fresh one-month peak at 103.73, though there was little follow-through impetus with the pair’s range remaining less than 40 pips. Sterling managed to find a toe hold above the 31-year low at 1.2685… Read more »

XE Market Analysis: Europe – Oct 06, 2016

The main dollar pairings have eked out narrow ranges so far today. EUR-USD has remained in a narrow orbit of 1.1200, while the yen’s recent spell of underperformance, which has been in play since mid last week following the BoJ’s announcement of a new monetary policy framework, has come to a pause today. USD-JPY and… Read more »

Work to commence on code of conduct for saleyard buying

Cattle Council of Australia director David Hill, LNP Senator Barry O’Sullivan, AMPC chair Peter Noble and (not pictured) AMIC chair Lachie Hart and MLA managing director Richard Norton address cattle producers at a forum at the Roma Saleyards. A FLYING delegation of beef industry leaders touched back down in Brisbane last night and tangible results already… Read more »

XE Market Analysis: Asia – Oct 05, 2016

Incoming U.S. data was generally dollar positive in N.Y. trade on Wednesday. Aside from a minor miss in the ADP payroll survey, services ISM and factory orders beat expectations. Firmer yields and hawkish Fedspeak continued to keep a general bid under the greenback. EUR-USD topped at 1.1219 early, before putting in a low of 1.1190…. Read more »