Month: October 2016

Step-by-step guide to increase northern beef productivity

Northern beef producers now have access to a first of its kind, practical resource developed specifically to help boost the productivity of their breeding herds. The step-by-step guide is one of the outputs of CashCow, a project funded by Meat & Livestock Australia (MLA) in partnership with The University of Queensland, Northern Territory Government and… Read more »

Euro Jumps On ECB Rumours

OVERVIEW Activity in the services sector across the Eurozone grew at its weakest rate since the beginning of 2015. Concerns over Brexit weighed on business spending and sentiment. The Pound’s woes continue as it hit a fresh 31-year low against the Dollar, and a 5-year low against the Euro, with negative market sentiment adding to… Read more »

Dalby sale 5 Oct 2016: Cows ease, balance firm

More rain in the surrounding areas over the long weekend reduced Dalby’s yarding to 2070 head. Good runs of cows were 10c cheaper, while all other descriptions were fully firm. Brangus steers from Taroom, in store condition, 379kg, sold to 382.2c/kg to average $1448, and 362kg heifers sold to restockers for 373.2c/kg to average $1352…. Read more »

XE Market Analysis: North America – Oct 05, 2016

The euro clocked fresh highs against the yen and euro, among other currencies, but remained shy of yesterday’s peak it saw against the dollar. The yen and sterling continued to bear the brunt of Fed tightening possibilities and the ECB’s alleged desire to trim bond purchases. The final Eurozone services PMI for September was revised… Read more »

BeefEx conference countdown: Saluting education and excellence in lotfeeding

Last year’s Zoetis Education Medial winner Lorelle Starr is congratulated by Zoetis feedlot account manager Andrew Malloy and Ladysmith feedlot manager Brianna Daly AS part of the Australian Lot Feeders Association’s commitment to attracting and fostering leaders in the grainfed beef industry, the Zoetis Education Medal will once again be awarded at the 2016 BeefEx… Read more »

BeefEx feedlot conference program promises to stimulate, inspire

A STRONG lineup of international and domestic speakers will cover-off on global trade developments and other key red meat industry topics at the BeefEx 2016 industry conference on the Gold Coast next week. BeefEx is the feedlot sector’s biennial major conference, drawing together feedlot operators and their staff, nutritionists and veterinarians, regulators, service providers, transport… Read more »

Blackmore cattle deal elevates Gina into ranks of nation’s largest Wagyu producers

Australia’s wealthiest woman, miner Gina Rinehart is rapidly emerging as one of Australia’s largest breeders of Fullblood Wagyu cattle, following deals announced today for the purchase of an additional 1500 mated Wagyu females. The acquisitions include 1000 mature Fullblood Wagyu cows from David Blackmore’s Blackmore Wagyu herd in Victoria, and a further 500 fullblood breeders,… Read more »

Weekly property review: Who’s accountable for foreign land register inconsistencies?

THREE senior government ministers have declined to comment on inconsistencies in the level of Chinese investment in Australian cattle properties, as highlighted in last week’s property report. A compilation of cattle/beef properties sold to Chinese interests, as reported by Beef Central over the past 24 months, suggests the actual area of land controlled by Chinese… Read more »

XE Market Analysis: Europe – Oct 05, 2016

The euro has remained bid following reports that the ECB is considering tapering its QE program. EUR-USD lifted back toward the high seen yesterday after the London close, at 1.1218, while EUR-JPY rallied to fresh three-week high territory above 115.00. USD-JPY also managed to clock a new three-week high, at 102.99, with the dollar itself… Read more »

MAP packaging’s negative impact on beef tenderness comes as a bombshell

MAP-packaged beef in a Woolworths supermarket in Brisbane THE red meat industry has been rocked by an unexpected discovery that a popular form of retail meat packaging appears to have a serious negative impact on tenderness performance in both beef and lamb. Modified Atmosphere Packaging (MAP) has been a popular and growing packaging option in… Read more »

Processors, producers tackle market issues in Qld meetings

LNP Senator Barry O’Sullvan addresses a forum in Cloncurry last night. Many public hearings have been held around Australia in recent years with the aim of getting to the bottom of market competition issues between producers and processors. However, very few have involved producers and processors talking to each other in the same room. In… Read more »

Retailers respond to MAP package toughness discovery

REACTION from retail supermarket groups approached by Beef Central this week following the shock news that research has suggested that MAP packaging has a significant negative impact in meat tenderness has ranged from disquiet to disbelief. The results (see this morning’s main story) have completely blind-sided major red meat supply chain stakeholders, it seems. One… Read more »

XE Market Analysis: Asia – Oct 04, 2016

FX trade was relatively calm through the morning session, though the dollar picked up ground on all major currencies. There was no U.S. data to drive markets, though recent hawkish tilting Fedspeak took yields, and the USD higher. Into the London close, a report emerged indicating the ECB is said to be nearing a consensus… Read more »

NVLX Wodonga 4 Oct 2016: Yearling steers attract heavy attention

Despite Victorian and Riverina cattle producers facing more wet weather and flooding, agents offered a similar sized yarding of 1400 at NVLX Wodonga yesterday. The wet weather continues to influence the market this week, supporting prices, as saleyard numbers remain rather low by spring standards. Prices did vary, but most sales of well-finished trade cattle… Read more »

Weather causes delay in launch of NBN’s second SkyMuster satellite

SkyMuster 1 during launch last October . UNFAVOURABLE weather conditions over the launch site in French Guiana this morning have delayed today’s scheduled launch of the National Broadband Network’s second SkyMuster communications satellite. But the good news is that the launch should go ahead in the next 48 hours, further strengthening Australia’s satellite network for… Read more »

Better news from September ISM manufacturing and vehicle sales

We got our first look at September monthly economic data yesterday with the release of the ISM manufacturing and motor vehicle sales reports.  These are noteworthy every month because both are valuable short leading indicators on the production and consumption side, respectively, usually by about 6 months.  They assumed an additional importance because August data… Read more »

XE Market Analysis: Pound Hits 31-Year Low

OVERVIEW UK Construction PMI surveys for September were reported a six-month high of 52.3 against the expected 49.0. The UK economy continues to produce solid growth across sectors.  Germany’s trade association BGA, citing macro-economic uncertainties, cut its growth forecast from 4.5% to just 2.0% for 2017.  US Manufacturing surveys released overnight for September were better… Read more »

New skills-based taskforce to drive genetic improvement

A new skills-based industry taskforce has been appointed to drive the direction of the industry’s new National Livestock Genetics Consortium. The taskforce Meat & Livestock Australia has announced contains a range of representatives from across the livestock genetics industry, including producers who are at the forefront of genetic evaluation, improvement, and adoption. Seven of the… Read more »

Weekly Genetics review: Brahman Week competition reaches new heights on Day Two

IF bidding at yesterday’s first day of the 2016 Rockhampton Brahman Week Sale was ‘ferocious’ (as reported on Beef Central this morning) it’s hard to find a superlative to describe the sale’s second day because demand was sustained – and even improved when the Reds stepped into the ring. Monday’s first day of selling saw… Read more »

XE Market Analysis: North America – Oct 04, 2016

The dollar outperformed while the yen and sterling underperformed. USD-JPY surged into 13-day high terrain during the Tokyo session before the pace of gains moderated during the London AM session, when a new peak at 102.49 was logged, up from yesterday’s closing level at 101.64. Cable, meanwhile, dove below the post-Brexit lows seen in early… Read more »

XE Market Analysis: Europe – Oct 04, 2016

USD-JPY sprang to a 13-day high of 102.39, up from yesterday’s closing level at 101.64. This led dollar losses in some other pairings today, while EUR-JPY and other yen crosses also rallied. A survey by the BoJ, which is part of its comprehensive Tankan poll, found that corporate inflation expectations have continued to ebb despite… Read more »

Genetics: Driving profitability with greater fertility

FERTILITY is a key profit driver for the northern beef industry and the right genetics can fast-track a herd’s reproductive performance and, as a result, profitability. Department of Agriculture FutureBeef extension officer based at Roma, Tim Emery, took commercial producers back to the basics of how to tap into genetic potential at a Pastoral Profit workshop… Read more »

Innisfail rebuild joins growing list of proposed abattoir projects

The decommissioned Innisfail Meatworks last operated in 2006. Despite unfavourable conditions at present for the meat processing sector, due to low cattle numbers, high cattle prices and rising competition in export markets, more proposals seeking investment for abattoir proposals continue to emerge. Investor interest is currently being sought for new meat processing construction projects  from Hughenden… Read more »

Brahman Week bulls off to a blistering start

BUYER confidence fuelled by an extraordinary winter-spring season and near record high slaughter and live export cattle prices has seen the opening day of selling at the annual Rockhampton Brahman Week Sale yesterday hit stratospheric levels. In what is already shaping-up to be the greatest multi-vendor bull sale result in Australia’s history, there was a… Read more »

Chinese still showing interest in processing assets

Binnaway abattoir near Coonabarabran has attracted recent overseas interest – principally Chinese TWO red meat processing assets in southern Australia have attracted considerable recent interest from overseas-based investors – principally Chinese, Beef Central has been told. Colliers International’s Richard Royle, who has been handling the sale of the Tier One export accredited Binnaway abattoir southeast… Read more »

Vale Mike Burston

RESPECTED Victorian cattleman and industry leader Mike Burston passed away last week. Mr Burston, who received an Order of Australia Medal this year in the Queen’s Birthday honours for his services to industry, was a well-known identity in Victorian and national beef circles. Mike Burston He, along with Ron NcNeil from South Australia and the… Read more »

Tracey Hayes named among Australia’s most influential women

NTCA executive director Tracey Hayes addresses a function at the Australian Embassy in Jakarta. Northern Territory Cattlemen’s Association (NTCA) Chief Executive Officer Tracey Hayes has been named one of Australia’s 100 Women of Influence for 2016. The annual list, now in its fifth year, is compiled by the Australian Financial Review. It aims to “identify and celebrate… Read more »

Truckies welcome new road funding for northern Australia

The peak representative body for livestock transporters has welcomed a new $360m Northern Australian Road Program. The program is an 80:20 funding partnership between the Federal Government and the Queensland, Western Australia and Northern Territory Governments. “Improved road transport connectivity is the key to developing the northern areas of Australia,” Australian Livestock Rural Transporters Association (ALRTA) national president… Read more »

Mounting export challenge to Australia from US beef

IMPACTS from the arrival of Brazilian beef in the US, declining beef and cattle prices in the US, and the growing US beef export trade into North Asia were just some of the topics discussed at last week’s important Meat Importers Council of America conference held in San Francisco. Len Steiner Steiner Consulting’s Len Steiner… Read more »

Big northern runs of cattle boost AuctionsPlus turnover

Part of a line of 1080 young Brahman bulls out of Riveren and Inverway Stations in the NT’s VRD district that made 377.7c/kg liveweight, or $1223 a head on Friday. AFTER several rain-affected weeks of trading, very large lines of cattle offered out of the Northern Territory and North Queensland helped boost listings substantially on… Read more »