Month: November 2016

SA sheep producers seeking $300,000 for wild dog trappers

Livestock SA president Geoff Power WILD dogs will be a common sight in the Adelaide Hills if the South Australian Government did not invest more in wild dog control, Livestock SA said last week. Other states are spending millions of dollars on wild dog control, but Livestock SA president Geoff Power farmers have been unable… Read more »

Nothing behind sale rumours, says Manildra Meat Co

SPECULATION in the metropolitan media late last week that Manildra Group is planning to sell its NSW red meat processing operations are without foundation, the company told Beef Central this morning. Weekend press suggested Manildra Group is looking to sell its beef and sheepmeat processing operations at Cootamundra, but the company has rejected the claim… Read more »

Farmer delegation calls for fairer backpacker tax

A DELEGATION of farmers and growers has travelled to Canberra today to bring the realities of the ongoing backpacker tax uncertainty to MPs and Senators, the Chief Executive Officer of the National Farmers’ Federation (NFF), Tony Mahar said. The eight farmers have gone to Canberra despite a lack of interest from key parliamentary decision makers… Read more »

Red meat sector poorly-represented in cooperative business structures

THE modest level of engagement in producer-owned cooperative enterprises along the red meat production chain was highlighted in a recent report produced by the Australian Business Council of Cooperatives and Mutuals (BCCM). Worldwide, agribusiness and insurance sectors are the largest industries for cooperative and mutual business models, but agriculture is relatively poorly represented in a… Read more »

NSW Farmers welcome new native veg laws

New South Wales’ peak farm representative body has welcomed the repeal of the “unworkable and detrimental” Native Vegetation Act in the State. New vegetation management laws are set to be enacted in NSW in July 2017, after the Biodiversity Conservation Act 2016 and the Local Land Services Amendment Act 2016 were passed in both houses… Read more »

Selling Skymuster bandwidth to Qantas doesn’t fly with connectivity-starved farmers

The Federal Government says its rollout of the NBN is on schedule and exceeding revenue forecasts. However at the same time the Telecommunications Ombudsman has reported a rise in complaints about the NBN. In its annual report for 2016 the ombudsman said there were 13,406 new complaints about services delivered over the National Broadband Network (NBN),… Read more »

US Bond Market Week in Review: Expect a Rate Hike, Edition

     This week was loaded with Federal Reserve speeches, media appearances and interviews.  But the most important was Janet Yellen, who gave an upbeat presentation of the U.S economy while also clearly supporting an interest rate increase at an upcoming meeting, barring some type of negative economic shock.      Her comments highlighted the following economic… Read more »

US Equity and Economic Review: A Week of Solid News

     This week’s economic news was positive.  The leading and coincident indicators point to continued expansion.  Retail sales strongly advanced for the second consecutive month while housing starts printed one of their strongest reports in years.  Industrial production, which was unchanged, was the only weak number.  But weakness is confined to the oil sector;… Read more »

International Economic Week in Review: Most Bullish, Edition

     The main international story since the U.S. election is the rise in global bond yields.  Trump’s election has led investors to believe a large increase in U.S. bond issuance is around the corner, leading to a sell-off of U.S. treasuries.  Most other international news this week was positive.  E.U. news points to continued… Read more »

Sharp rise in young heifer prices in smaller AuctionsPlus offering

Part of a line of 48 7-8 month old recently-weaned Angus steers from Eurella, Rylstone, NSW averaging 218kg, which sold for 503c/kg or $1095 on Friday. NUMBERS decreased marginally to 7611 head on AuctionsPlus last week, where young heifer prices spiked sharply in response to strong buyer demand. Bidding interest remained strong, with 496 individual… Read more »

Weekly Indicators: long leading interest rates turn negative edition

Commodity prices bottomed about one year ago.last November. Recently metals briefly turned negative, but have now resumed being positive. Stock prices S&P 500 Up +0.8% w/w Stock prices became a positive having made new all-time highs in summer. They have not made new 6 month lows, so they remain a positive. It will take a… Read more »

XE Market Analysis: Asia – Nov 18, 2016

The dollar index printed fresh 13+ highs of 101.47 in N.Y. on Friday, the move coming as EUR-USD slid to 1.0570 lows, and as USD-JPY held firm over 110.50 into the close. USD-CAD found support into 1.3500, while cable slid over 100 points to near 1.2300. Aside from leading indicators, which had little impact on… Read more »

US Dollar Strengthens Further

OVERVIEW Mario Draghi said the Eurozone economy required continued monetary stimulus to support growth, and policy decisions will be based on the assessment of inflation prospects. German exports to the UK and the U.S. dropped sharply in the third quarter, highlighting the impact of the Brexit vote and the presidential election. The bond market sell… Read more »

Research leads to removal of meat colour from MSA requirements

Retail display used as part of the meat colour project at Charles Sturt University, Wagga Wagga AN extensive consumer-based research project has led to the removal of meat colour from Meat Standards Australia requirements this week. The move has been endorsed by the industry through the Meat Standards Australia Beef Taskforce, and subsequently approved by… Read more »

Project provides valuable insights into consumers’ views on meat colour

SUSPICIONS have been held for some time among some MSA stakeholders about apparent disparity between meat colour and pH results, and that meat colours recorded at grading might change over time. That’s led to the research project which has changed conventional thinking about the domestic Australian consumer’s views about acceptable meat colour. Several years ago… Read more »

Green light for online Wool Exchange Portal

Australian Wool Innovation chair Wal Merriman has confirmed to this morning’s AWI annual general meeting in Sydney that plans to develop an online Wool Exchange Portal will proceed. Earlier this year an industry review recommended the creation of an online portal as a path to reducing transaction costs and creating greater transparency in the wool exchange process. The Wool Exchange… Read more »

XE Market Analysis: Asia – Nov 17, 2016

The dollar continued higher through the N.Y. session on Thursday, taking the dollar index to fresh 14-year highs of 100.90 in the process. Fed chair Yellen virtually guaranteed a December rate hike in her congressional testimony, which took Treasury yields and the dollar higher. Sentiment was buoyed by decent incoming U.S. data as well, with… Read more »

Settlement completed on $100m Kimberley cattle land deal

SETTLEMENT has been finalised for four Western Australian Kimberley district cattle properties comprising the SAWA aggregation, which have sold for $100 million in what is likely to be the state’s biggest ever cattle land deal. The property portfolio, together with about 47,000 cattle, has been sold to investment group, Consolidated Australian Pastoral Holdings. Beef Central… Read more »

Recruitment: Seven ways to build employee commitment

Latest listings on Jobs Central recruitment page: Assistant Manager-Newcastle Waters (CPC) Head of Stock – Minderoo Cattle Stud Manager – Southern Highlands NSW (McLachlan Group) Operations Manager – Meat Standards Australia (Meat & Livestock Australia) Head Stockperson – Macumba Station (S.Kidman & Co) Manager, Sheep Genetics – Armidale (Meat & Livestock Australia) Graduate/Station Hand –… Read more »

Project targets buffalo flies with new controls

Controls targeting one of Australia’s most significant cattle pests, buffalo flies, will be investigated in a new research project aimed at providing area-wide control and preventing its southward spread. The project is one of 18 new on-farm research, development and adoption (RD&A) projects to receive Meat & Livestock Australia (MLA) investment instigated through MLA’s new… Read more »

Darwin’s $4.1m export yard upgrade to be fast-tracked

Darwin’s Berrimah Export Yards (BEY) will soon be able to process cattle all year round under a $4.1 million upgrade pledged by the Northern Territory Government. NT Minister for Primary Industry and Resources Ken Vowles, said the NT Govt had fast-tracked the election commitment to occur this financial year. The upgrade will create dozens of jobs… Read more »

The post-Brexit lows in interest rates finally ignite the housing market

I have been waiting with increasing concern for the post-Brexit new lows in interest rates to ignite the housing market.  This morning’s housing starts and permits data shows that has finally happened. To reiterate my mantra, interest rates lead housing permits and starts, with an assist from demographics.  Since the prime demographic of those entering… Read more »

UK Retail Sales At 14 Year High

OVERVIEW  Financial markets appeared to pause for breath on Wednesday morning after a week of frantic activity following the surprise election of Donald Trump. U.S. consumer price inflation was inline with expectations, rising 0.4% last month and 1.6% year-on-year, the fastest pace in two years. Eurozone inflation was a little weaker than expected last month,… Read more »

Wool prices rebound as buyers scramble for supply

WOOL prices rebounded this week with renewed demand for all qualities of Merino wool and recovery in broad crossbred rates. AWEX senior market analyst Lionel Plunkett said the lesser types experienced the greatest gains as buyers attempted to find cheaper alternatives in a rapidly rising market. The AWEX Eastern Market Indicator closed 24 cents higher… Read more »

Sheepmeat council backs MLA’s $150m carcase measurement initiative

SCA president Jeff Murray AUSTRALIA’S peak sheep meat producer body has joined its beef industry counterpart in supporting Meat & Livestock Australia’s commitment to roll-out objective carcase measurement technology nationally. The Sheepmeat Council of Australia this week welcomed the proposed $150 million initiative – believing it would enable scientific measurement of saleable meat yield and… Read more »

MLA online industry statistic searches made easy +VIDEO

[embedded content]MEAT & Livestock Australia has launched a short tutorial video on how to use the online statistics database. The database allows users to access a long-term compilation of key market trade statistics, industry prices, along with production and consumption data. The tutorial, accessed by clicking on the image above, is a step-by-step video which shows the user how to search… Read more »

Senate inquiry to probe whether livestock genetics should patented

Nationals Senator for Queensland Barry O’Sullivan. A Senate Inquiry to be introduced to federal parliament next week will consider whether a national interest test should apply to applications to patent livestock genetics. As reported by Beef Central yesterday, MLA will appeal in the Federal Court a decision by the Australian Patent Office to grant an… Read more »

Cattle exports slow amid Indonesian policy shift

As highlighted in the latest edition of Meat & Livestock Australia’s LiveLink released this morning, Australian live cattle exports in September and October were well below the historical average. With increased numbers of importers signing up to the Indonesian government’s 5:1 (one breeder for every five feeder cattle imports) policy, the trade picked up slightly during October… Read more »

What goes faster – farmers or racehorses?

The recent running of the Melbourne Cup provided an opportunity to compare the productivity gains by the thoroughbred racing industry and the Australian farm sector. By using improvements in the time of the winning horse as a proxy for productivity gains by the thoroughbred industry, and the recently published national agricultural productivity growth figures for… Read more »

Recruitment: Seven ways to build employee commitment

Latest listings on Jobs Central recruitment page: Manager, Sheep Genetics – Armidale (Meat & Livestock Australia) Operations Manager – Meat Standards Australia (Meat & Livestock Australia) Graduate/Station Hand – King Island (AgCap) Cattle Stud Manager – Southern Highlands NSW (McLachlan Group) Head Stockperson – Macumba Station (S.Kidman & Co) Livestock Market Officer – Roma (NLRS)… Read more »

Big variation exists in producer financial performance, despite high cattle prices

It is an exciting time to be in the beef industry, with high cattle prices and increasing demand for our quality product, a gathering of young beef producers in Roma, Queensland was told this morning. Ian McLean But even with the current level of returns for livestock, considerable variation exists in financial performance between enterprises,… Read more »

Biosecurity plan provides farm access clarity near mine

Writing and implementing a biosecurity management plan to manage unwanted farm visitors may sound daunting, but Queensland livestock producers are finding the process provides clarity and understanding on farm. Mount Larcom beef producers Ann and Larry Coward developed a biosecurity plan to give them more authority to manage uninvited visitors, such as government corporations, businesses… Read more »

Three red meat leaders in running for national Agribusiness export award

Three leading red meat industry companies have been named among eight finalists for the 54th Australian Export Awards National  Agribusiness Award for 2016. Federal trade minister Steve Ciobo this morning announced 81 finalists in the 54th Australian Export Awards, which recognise success in taking Australian innovation to the world. Among the eight finalists named for the… Read more »

XE Market Analysis: Asia – Nov 16, 2016

The dollar advanced further in N.Y. trade on Wednesday, despite some U.S. data misses. The dollar index rallied to 100.55, 14-year highs, as EUR-USD slipped to 1.0666 lows, and USD-JPY touched 109.75. USD-CAD pulled back to 1.3405, as oil prices shot up on reports that OPEC is close to production cap agreement. Cable bottomed under… Read more »

XE Market Analysis: Euro Weakens as Dollar Rally Continues

OVERVIEW September’s UK data showed the unemployment rate unexpectedly fell to an 11-year low of 4.8%. Average earnings however, rose 2.4% as expected. US producer prices were unexpectedly flat last month. Declining costs of services offset an increase in the costs of goods.  The Swiss National Bank’s Chairman and Vice Chairman both stressed the importance… Read more »

Vic company fined $50,000 after truckie floored by wool bale

WOOL industry employers have been urged not to leave safety to chance after a Footscray warehouse operator was convicted and fined $50,000 in the County Court. WorkSafe Victoria said the conviction and fine followed a successful appeal by the Director of Public Prosecutions over an incident in which a truck driver was injured by a… Read more »

Ruralco announces $4.2m net profit for FY 2016

Ruralco Holdings Limited has today reported a net profit after tax of $4.2 million for the 12 months to September 30, 2016. Down from $14.1 million in FY 2015, the result reflected $14m restructuring and divestment activities, Ruralco reported today. Overall revenue increased 10pc to $1.8 billion, and underlying gross profit increased 2pc to $304.9m…. Read more »

Weekly Property Review: Bidding up a storm, remotely

A SMALL, but increasing number of landholders are choosing to sell their rural property assets through online auctions, not unlike the now-familiar AuctionsPlus cattle and sheep marketing platform. Unlike AuctionsPlus, while physical pre-sale inspections of property assets is obviously still a ‘given’, the actual auction process in this case is carried out remotely, with bidders… Read more »

MLA launches Federal Court bovine genome patent fight

A Federal Court challenge has been launched by Meat & Livestock Australia against a patent decision that it fears will seriously threaten the future of genetic research in the cattle industry. In what appears to be an extraordinary development, Australia’s patent office IP Australia has approved an application by North American companies Cargill USA and… Read more »

High-tech feeders to unlock Wagyu feed efficiency gains

High-tech feed bins are being used to identify the most feed efficient genetics in the Wagyu industry. Kerwee feedlot general manager Steve Martin explains the role GrowSafe feed bins are playing in a net feed intake sire progeny trial during an Australian Wagyu Association conference at Kerwee on Monday. In a breed where cattle typically… Read more »

Growers seeking replacement after popular wheat variety downgraded

THE impending downgrade of Kennedy wheat from an Australian Prime Hard (APH) to a Feed classification has growers in Central Queensland (CQ) on the hunt for a replacement for the popular high-protein and high-yielding variety. Central Queensland growers are on the lookout for replacement for Kennedy wheat. AgForce grains president, Wayne Newton, said growers would… Read more »

GrainCorp posts $31 million profit

GRAINCORP has released its 2016 financial year results, showing an Underlying Earnings Before Interest, Depreciation and Amortisation of $256 million and a Statutory Net Profit After Tax of $31 million. Key points: Underlying EBITDA $256 million (FY15: $235 million) Underlying NPAT $53 million (FY15: $45 million) Statutory NPAT $31 million (FY15: $32 million) Fully franked… Read more »

XE Market Analysis: Asia – Nov 15, 2016

The dollar index printed fresh 11-month highs in N.Y. on Tuesday, with gains led by USD-JPY, which topped at 109.19. EUR-USD was heavy, though managed to hold over Monday’s trend low of 1.0711. Cable traded under 1.2400, though ended the session near 1.2450, as USD-CAD fell under 1.3500 as oil prices rallied sharply. Incoming U.S…. Read more »

Cattle, climate, communities and consumers in focus at processor conference

FEEDING seaweed to cattle to cut greenhouse gas emissions, preserving rural communities and developing new and profitable food products are just some of the diverse topics on the agenda at an Australian Meat Processor Corporation conference in Sydney later this month. The AMPC, the research & development body supporting the red meat processing sector in… Read more »

XE Market Analysis: Carney Warns of Slow Motion Slowdown for UK

OVERVIEW Third quarter Eurozone GDP growth came in as expected at 0.3% from the second quarter, matching the same weak pace of growth seen in Q2. German economic growth slowed more than expected in Q3, increasing just 0.2% from the second quarter and 1.5% annualized as exports fell following the Brexit vote.  U.S. retail sales… Read more »

Weekly rainfall wrap + 14 day outlook, 16 Nov 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Most of eastern and northern Australia received rain in the past week. Past seven days: At the beginning of the week, a broad area of low pressure extended from Western Australia, and through central and eastern parts of Australia. Showers and thunderstorms produced moderate falls in… Read more »

Weekly rainfall wrap + 14 day outlook, 16 Nov 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Most of eastern and northern Australia received rain in the past week. Past seven days: At the beginning of the week, a broad area of low pressure extended from Western Australia, and through central and eastern parts of Australia. Showers and thunderstorms produced moderate falls in… Read more »

NVLX Wodonga Sale 15 Nov: Two distinct price trends for younger/older cattle

At NVLX Wodonga sale yesterday, cattle prices dipped as numbers lifted to 2230. The market showed two distinct price trends, with young cattle to restockers dearer but cattle to processors cheaper. Some of the price falls were significant.  Trade steers 400-500kg, for example, slipped 15c to average 327c/kg. Looking at the big picture the flush… Read more »

XE Market Analysis: North America – Nov 15, 2016

The dollar sagged as the “Trumpflation” rally came to a pause. EUR-USD rebounded briefly back above 1.0800 and USD-JPY settled lower. In the mix was sterling underperformance following an unexpected dip in inflation data for October.[EUR, USD]The euro staged a rebound, led by a 0.5% gain in EUR-USD, which logged an intraday high at 1.0816…. Read more »

JBS suffers setback in third quarter financial results

The world’s biggest meat processor, JBS, has reported mixed trading results for the third ended September 30, with pre-tax earnings across the company down 18 percent and net income down 74 percent, in year-on year comparisons. The company ended the third quarter with net revenue of R$41.2 billion, pre-tax earnings of R$3.1 billion and net… Read more »

SE Asia Report: Large hole looming for Indo fresh beef supply in early 2017

  Indonesia: Slaughter Steers AUD $4.32/kg live weight (Rp9,950 = $1AUD) Live slaughter cattle prices have firmed a little to Rp43,000 per kg as feedlot inventories continue to dwindle. It will be interesting to watch the tug of war between raw supply and demand and the wishes of the Government of Indonesia as feedlot supplies… Read more »

Above-average winter crop rolls in across Australia

AS winter crop harvest gains momentum across Australia, growers are on track to produce one of the largest crops on record in a year hallmarked by a massive chickpea crop in the east and exceptional yields and oil content in canola throughout. Headers are moving through one of the most promising winter crops on record…. Read more »

Dairy calves could help ease cattle supply challenge, RMAC head suggests

MAKING better use of dairy calves may be part of the answer in easing the beef industry’s current cattle supply dilemma, caused by drought-driven national herd retraction to 20-year lows. Don Mackay, left, and Livecorp’s Simon Crean during Thursday’s red meat industry forum The subject came up during a Q&A session at last Thursday’s Meat… Read more »

Weekly kill: Grids continue to soften in face of better supply

THE softening trend in direct-consignment grid offers from Queensland export processors continued this week, in the face of what now appears to be a sustained lift in spring slaughter cattle availability. The seven-day eastern states kill ended Friday showed a sold 4 percent rise on the previous week, recording a figure of 133,960 head. That’s… Read more »

Cattle Council welcomes MLA commitment to objective carcase measurement

CATTLE Council of Australia has welcomed Meat and Livestock Australia’s commitment to objective carcase measurement technology, announced last week. Cattle Council board director David Hill said MLA’s intention to install the Dual Energy X-ray Absorptiometry technology in AUS-MEAT registered slaughter facilities across Australia was another positive step towards objective carcase measurement for the beef industry…. Read more »

MDC, SproutX join forces to encourage red meat tech innovation

Meat & Livestock Australia subsidiary the MLA Donor Company (MDC) has teamed up with Australia’s first national agtech innovation hub, SproutX, to encourage entrepreneurs and startups to solve some of the biggest issues facing the red meat and livestock industry, through new technology, ideas and data. The new partnership will provide a testbed and commercialisation… Read more »

XE Market Analysis: Asia – Nov 14, 2016

The dollar index advanced to 11-month highs in N.Y. on Monday, topping at 100.22. This came as EUR-USD slid to 10-month lows of 1.0712, USD-JPY rallied to five-month highs of 108.54, and USD-CAD topped at 1.3588, a nine-month high. Treasury yields moved to fresh trend highs, which was supportive of the USD, as was an… Read more »

Slow and steady wins the race

THE month of November has been all about races to date with the US Presidential Election and the Melbourne Cup in the first 10 days. The unusual thing is that many grain growers have had the time to actually take notice of such events as the mild spring and regular rain events continue to slow… Read more »

US Dollar Rallies High For 2016

OVERVIEW Last week’s election continues to drive FX movements, with the Euro remaining under pressure and the Dollar strengthening. Japan’s economy expanded at a faster pace in the third quarter growing 0.5% as exports recovered, but BoJ Governor Kuroda warned, “risks to both economic activity and prices are skewed to the downside”. Eurozone industrial output… Read more »

Ruralco announces $4.2m net profit for FY 2016

Ruralco Holdings Limited has today reported a net profit after tax of $4.2 million for the 12 months to September 30, 2016. Down from $14.1 million in FY 2015, the result reflected $14m restructuring and divestment activities, Ruralco reported today. Overall revenue increased 10pc to $1.8 billion, and underlying gross profit increased 2pc to $304.9m…. Read more »

ACCC says processors should publish price grids

Should processors and all major cattle purchasers publish their price grids for all to see? That was the first of 14 recommendations made by the Australian Competition and Consumer Commission in an interim report released on October 31 following a six-month study of competition issues in Australia’s cattle and beef market. The recommendation was one… Read more »

Agents react to ACCC recommendations

Livestock agents say they see no benefits in the introduction of a mandatory buyers register as proposed by the Australian Competition and Consumer Commission. Two weeks ago the ACCC completed a six-month investigation of competition issues in the Australian cattle and beef market, and released an interim report with 14 initial recommendations. The ACCC is… Read more »

Exporters set to take lead role in national electronic identification of sheep

Victorian Minister for Agriculture Jaala Pulford. A NATIONAL electronic identification system for sheep and goats in Australia could be driven by export meat processors meeting overseas customer traceability demands, saleyard operators and agents heard last week. Victorian processors at a sheep EID saleyard operators’ workshop near Ballarat last Friday said they might eventually only buy… Read more »

Global crop seed collection saved from war-torn Syria

Key points: Syrian conflict threatens ICARDA’s world crop seed collection at Aleppo ICARDA disperses collection to other nations Actions have preserved collection and breeding programs Australian plant breeders continue to have access to important genetic material SCIENTISTS have saved one of the world’s most important crop seed collections and breeding programs by dispersing it from… Read more »

NZ shearer celebrates win to host 2017 world championships in his home town

NZ shearer Nathan Stratford. NEW Zealand shearer Nathan Stratford has edged out reigning NZ and world champion Rowland Smith to host the coming world championships in his home town next February. The 40th anniversary World Shearing and Woolhandling Championships are being held in the South Island for the first time at ILT Stadium Southland in Invercargill… Read more »

People on the Move: Appointments, retirements, achievements

Beef Central publishes an occasional summary of appointments, departures or achievements occurring across the red meat supply chain, both private sector and government. Send submissions to AMIC appoints new GM for processor group New director role for former Wellard executive Vale Clive McEachern Wagyu association begins search for new CEO JBS northern livestock manager… Read more »

Grain trade digesting ramifications of Trump election

INDICATIONS the new US administration is likely to implement protectionist measures should be of concern to Australian farmers, according to National Farmers Federation president, Brent Finlay. “Any move away from more open markets towards protectionism can only have a negative impact on Australian farmers,” Mr Finlay said. “Australia exports over 70 per cent of what… Read more »

Where has Australia’s lamb been going at these good prices?

AUSTRALIA’S lamb exports October were slightly lower than last year, but still higher than the average shipments for the month over the last five years. And the prospects are reportedly good for continuing strong demand into key markets. Meat & Livestock Australia said despite the seasonal increase in spring lamb supplies, and consequent higher export… Read more »

Red meat sector poorly-represented in cooperative business structures

THE modest level of engagement in producer-owned cooperative enterprises along the red meat production chain was highlighted in a recent report produced by the Australian Business Council of Cooperatives and Mutuals (BCCM). Worldwide, agribusiness and insurance sectors are the largest industries for cooperative and mutual business models, but agriculture is relatively poorly represented in a… Read more »

Pasture plant material heading to Norway seedbank for safe storage

Department of Agriculture and Food senior technical officer Darryl McClements in the subterranean clover plots growing at South Perth. PASTURE plant seeds propagated by the Department of Agriculture and Food, Western Australia will be shipped to an international seedbank in Norway to insure against the loss of plant germplasm during large scale regional or global… Read more »

CPC sells pub interest to focus on beef production

The historic Noccundra Hotel was first licensed in 1886, and was built from locally hewn sandstone hauled to the site by camel wagon. THE historic Noccundra Hotel, one of the most remote watering holes in Queensland, has been sold by its unlikely owner, Consolidated Pastoral Co. CPC never had ambitions to expand out of cattle… Read more »

Higher cattle and property prices help lift Elders profit to $51.6m

Higher cattle and property prices helped Elders Ltd deliver a net profit after tax of $51.6 million, up 25 percent on the previous year, in today’s release of full year results for the 12 months to 30 September. Underlying net profit improved $13.2 million on the prior corresponding period to $41.2 million. A $15.7m improvement… Read more »

US Manufacturing Has Been Declining For Half a Century

The idea that US manufacturing jobs could regain their prominence was a central tenant of Trump’s populist message.  But a look at the long-term trends indicates this is a secular decline that can’t be reversed. Let’s start by looking at total manufacturing jobs. Manufacturing jobs jumped in WWII for obvious reasons.  Then, during the 1950s, they… Read more »

US Equity and Economic Review: A Data Light Week

     Perhaps by design, there was little meaningful economic news last week.  But we are seeing the 3Q earnings season winding down.  The news has been positive: We now have Q3 results from 445 S&P 500 members or 89% of the index’s total membership. Total earnings for these 445 index members are up +4.0%… Read more »

Weekly Indicators: the spike in interest rates and stocks is the story edition

Commodity prices bottomed about one year ago.last November. Recently metals turned negative, but have now resumed being positive, with a big positive move this week. Stock prices S&P 500 Up +3.8% w/w Stock prices became a positive having made new all-time highs in summer. They have not made new 6 month lows, so they remain… Read more »

Cows and calves feature in smaller AuctionsPlus offering

These Charolais and Santa cross steers from Narrabri NSW weighing 358kg made 352c/kg or $1265 a head on Friday NUMBERS offered on AuctionsPlus fell 18 percent to 7889 head this week, with joined females and cows and calves making up the biggest portion of the listings. Unjoined females were also in good supply, accounting for… Read more »

Mexican Peso Hits Fresh Record Lows

OVERVIEW The U.S. election and the prospect of a vast fiscal stimulus plan under Donald Trump continues to cause volatility across financial markets.  The Dollar is broadly higher as rising interest rates attract money flows to U.S. assets, particularly from emerging market assets.  After the Singapore Dollar fell to its weakest since February, Singapore’s central… Read more »

Golden year for high-oil canola

CANOLA crops are proving the shining light in this year’s winter crop harvest as headers move through the early crops, recording high yields and exceptional oil content in many areas. Australia is on track to produce between 3.4 and 3.6 million tonnes of canola this season. Australian Oilseeds Federation executive director, Nick Goddard, said canola… Read more »

Victoria costs sheep electronic identification transition at $17m

Victorian Minister for Agriculture Jaala Pulford has promised Victorian farmers ‘cost neutral’ electronic sheep tags. VICTORIA’S state government has put a price tag of $17 million on introducing mandatory electronic identification for sheep and goats. Minister for Agriculture Jaala Pulford announced the $17 million support package at a meeting of Victorian livestock saleyard operators at… Read more »

Wellard and large shareholder clash ahead of AGM

Australia’s largest livestock exporter is navigating more stormy seas this week after one of its largest shareholders revealed it will vote against three resolutions at the Wellard Limited annual general meeting later this month. Pakistan-based livestock company Butt Nominees became Wellard’s third largest shareholder earlier this year after it gradually increased its stake to 14.4 percent in… Read more »

Kay’s Cuts: Savouring the beef experience

A monthly column on the US beef market written exclusively for Beef Central by Steve Kay, publisher of US Cattle Buyers Weekly     I’VE been fortunate in my lifetime to have enjoyed many different types of beef. I grew up in New Zealand so my very first experience was with grassfed beef from Hereford-Holstein… Read more »

MLA industry forums: What was on producers’ minds?

Queensland lotfeeder Kev Roberts from Sandalwood feedlot poses a question during yesterday’s industry forums near Adelaide LONG-DISTANCE transport issues, relocating processing operations to regional areas, future directions for the MSA program, and MLA’s responses to recent TV coverage about beef production – these were some of the topics on producers’ minds during question-time in forums… Read more »

Recruitment: Do you have an employee induction program?

Latest listings on Jobs Central recruitment page: Livestock Market Officer – Roma  (NLRS) Sales Person – Rural Northern NSW (International Animal Health) Policy and Project Analyst (Australian Lot Feeders Association) Meat Process Workers (Thomas Foods International) Feedlot Livestock Hand (Whyalla Beef) Head Stockman-Walhallow Station (Walhallow Partnership) Business Analyst (Paraway Pastoral Co) Livestock Sales Representative (Quality… Read more »

Qld appoints new Ag Minister

AgForce has congratulated Queensland’s newly appointed Agriculture Minister and urged him to be a strong advocate for agriculture both in the community and in the Cabinet room. New Queensland Agriculture Minister Bill Byrne. “Representing the people of Rockhampton – Australia’s Beef Capital – Bill has long been a champion for the bush and I know… Read more »

XE Market Analysis: Asia – Nov 10, 2016

The dollar was jittery through the N.Y. session on Thursday, posting gains early on before pulling back some later in the session. EUR-USD printed near three week lows of 1.0865 before bouncing, as USD-JPY topped at 106.94, a four-month peak, before pulling back as tech stocks pulled back sharply. USD-CAD eased back from over 1.3500,… Read more »

Two long leading indicators continue to rate caution

We’ve had two economic releases this week that are both recent creations, and both of which have merit as long leading indicators: the Senior Loan Officer Survey, and the Labor Market Conditions Index.  The former has only an 18 year history, and the latter is a recent aggregation of data that goes back 50 years…. Read more »

Investors Consider Euro Elections After Trump Win

OVERVIEW In contrast to forecasters expectations, markets appear to be viewing yesterday’s election result as positive overall. The Dollar is broadly higher against its G10 counterparts, with signals that risks are improving against the Japanese Yen. Emerging market currencies are under pressure from the strengthening US Dollar, down by 2-3%, as money flows toward developed… Read more »

Stolen steers, tractor in Qld, missing motorbikes in NSW

Queensland Police are seeking assistance from the public to locate 38 steers believed to have been stolen from a property west of Wandoan between September 8 and October 8, 2016. The steers are of various breeds, however, are all cross branded with the brand at right. Anyone with information which could assist with this matter… Read more »

Recruitment: Do you have an employee induction program?

Latest listings on Jobs Central recruitment page: Meat Process Workers (Thomas Foods International) Livestock Market Officer – Roma  (NLRS) Sales Person – Rural Northern NSW (International Animal Health) Policy and Project Analyst (Australian Lot Feeders Association) Feedlot Livestock Hand (Whyalla Beef) Head Stockman-Walhallow Station (Walhallow Partnership) Business Analyst (Paraway Pastoral Co) Livestock Sales Representative (Quality… Read more »

XE Market Analysis: Europe – Nov 10, 2016

The dollar has held up and forex markets have generally been stable so far today following the extreme volatility of the last day. USD-JPY has settled in the mid 105s . A low was printed at 101.19 yesterday, and a high, seen in early Tokyo trade today, at 105.95, which is the loftiest level seen… Read more »

View towards 2020 and beyond the focus of MLA AGM

The future of the Australian red meat and livestock industry towards 2020 and beyond was the firm focus of the Meat & Livestock Australia Annual General Meeting held today in Hahndorf, South Australia. With more than 200 producers and industry representatives present, MLA has outlined the opportunities ahead for the industry, as strong investment continues… Read more »

Back floats ‘more people than livestock died’ defence of live export

Senator Chris Back A COMPARISON of livestock to human deaths in Australia during the six years to 2015 has been used to defeat the latest parliamentary attack on the live export of sheep and cattle. A Greens motion to end the live export of livestock from Australia was defeated in the Senate today. Senators yesterday rejected… Read more »

WA producer Jeff Murray re-elected as Sheepmeat Council of Australia leader

Sheepmeat Council of Australia president Jeff Murray, left, with vice-president Allan Piggott and treasurer John Wallace. WESTERN Australian producer Jeff Murray was re-elected president of the Sheepmeat Council of Australia at the organisation’s Annual General Meeting in Hahndorf, South Australia, yesterday. He was joined by new office bearers including South Australian producer Allan Piggott as… Read more »

Glyphosate approval draws wide ranging reactions

THE Australian Pesticides and Veterinary Medicines’ (APVMA) decision to approve the use of two glyphosate products on mature feed barley crops has drawn wide-ranging reactions from industry, mostly favourable. Grain receivers have advised growers that malt and food-barley varieties, if treated with glyphosate, will be binned as feed, and have warned of the consequences of… Read more »

MLA to drive $150 million rollout of objective carcase measurement in 90 abattoirs

Objective carcase measurement technology is set to be introduced much sooner and in a much bigger way across Australia’s beef and sheepmeat industries than many may have imagined or thought likely. In what is shaping as a rare and significant industry-led rollout of technology, Meat & Livestock Australia says it will borrow $150 million to… Read more »

MLA fires starter’s gun on carcase measurement, but is industry in the blocks?

Today’s revelations that MLA plans to borrow $150 million to install dual x-ray carcase measurement machines in up to 90 Australian abattoirs appears to have caught many in the industry by surprise. Peak industry councils are invariably supportive of the reasons for introducing objective carcase measurement, but are still yet to agree on how it should be… Read more »

More objectivity for red meet processing

Use of new technology in the entire beef and lamb red meat supply chain could bring greater transparency for beef producers.Farmers could finally find out why one animal was downgraded in the processing stage, and another from the same mob was not.Called Objective carcase measurement technology, it is based on the same scanners… Read more »

Inquiry backs 19pc backpacker tax

THE Senate Inquiry into the Working Holiday Maker Reform package recommends the Coalition Government’s legislation to provide a 19 per cent tax rate be passed to maintain Australia’s attractiveness to backpackers and secure supplementary harvest labour for Australian farmers. Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, said the Senate Committee’s… Read more »

Trump, America and the World Markets

In the wake of yesterday’s U.S. Election, global markets saw tumultuous volatility leading into the final results. The USD was heavily offered leading into the final tally, losing ground to most of its developed peers as a Trump win looked to be more and more likely. Site activity began to increase early in the day… Read more »