Month: November 2016

NVLX Wodonga 1 Nov 2016: Quality lifts with improved weather

Melbourne cup day produced a similar sized yarding of 1,700. The effect of a month’s improved weather conditions was reflected in the condition of cattle, with increased numbers of well finished yearlings. The market showed two distinct price trends for young cattle, with trade steers unchanged while the heifer portion lost 10c/kg. Trade steers made… Read more »

Paddock Practices – Tips for retaining seed this harvest

Seed for planting is a highly valuable asset and the way it is treated at harvest and in on-farm storage during summer is key to ensuring optimum quality for sowing next year. Best results from retained seed will typically come from: Pure variety cropsPaddocks that have not suffered weather damageMinimal weed seed contaminationStorage at cool… Read more »

Wagga 31 Oct 2016: Solid support for secondary grades

Wagga agents tendered a similar sized yarding of 3,800. The market this week found solid support for secondary steers, while trade and export cattle sold to mixed price trends. The market attracted steady restocker competition from local and interstate buyers across secondary grades. Like the season some cattle offered were in forward store condition showing… Read more »

New loans scheme to support farm businesses

New Farm Business Concessional Loans Scheme has opened to support farm businesses dealing with and recovering from drought; Loans provided at 2.47 per cent interest rate for 10 year term; Concessional loans available in Queensland, New South Wales, Victoria, Tasmania and South Australia until 30 June 2017 The Coalition Government has launched a new Farm Business… Read more »

Weekly rainfall wrap + 14 day outlook, 2 Nov 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Small areas of western Tasmania, inland parts of the Northern Territory, and eastern New South Wales received the highest falls in the past week. Past seven days: At the start of the week, a surface trough extending from central Western Australia to Victoria moved slowly… Read more »

Aussie Strengthens After RBA Keeps Rates on Hold

OVERVIEW The Bank of Japan left monetary policy on hold overnight, despite delaying time for hitting the inflation target to “around fiscal 2018”. China’s official Purchasing Managers’ Index showed activity expanded at the fastest pace in more than two years in October, with the PMI rising to 51.2 from 50.4 in September. UK manufacturing activity… Read more »

XE Market Analysis: North America – Nov 01, 2016

The dollar has traded mixed, tumbling against the Australian dollar, which outperformed after the RBA left policy unchanged, ebbing against the euro, while gaining versus the yen, which weakened after the BoJ left policy unchanged, trimmed CPI projections and pushed back its expected time for inflation to reach the 2% target. Many European nations are… Read more »

Beef producer share of retail dollar surges to all-time record high

THE beef producer share of the retail dollar for domestic beef has exceeded 50 percent for the first time since record-keeping started in 1998, latest Meat & Livestock Australia data shows. Producer share of the retail dollar averaged 51.25pc in the September quarter, as the surge in cattle prices has heavily outpaced any price increase… Read more »

XE Market Analysis: Europe – Nov 01, 2016

The Aussie dollar was the standout performing, rallying on the RBA’s decision to leave policy unchanged. AUD-USD and AUD-JPY are registering the biggest movement out of the currencies we track, showing respective gains of 0.7% and 0.8% into the London interbank open. Australia’s weak core inflation data had fed some speculation that the RBA might… Read more »

Weekly kill: Processors start scaling-up operations, as cattle numbers lift

IT’S been a long time coming, but some large Queensland and NSW beef processors are back to full-week kills this week – for the first time since April or May in some cases. The nation’s largest beef plant, JBS Dinmore, for example, has returned to double-shifts each working day, although kills remain limited to a… Read more »

Helicoverpa high in winter cereals

The Grains Research and Development Corporation (GRDC) is warning growers in Queensland and New South Wales to be aware of the potential for large populations of Helicoverpa armigera in winter cereal crops. Large flights of helicoverpa have occurred in these regions over the last two weeks and longer in some districts. This has seen significant… Read more »

Building better crops thanks to world's first wheat protein map

West Australian researchers have become the first in the world to map a wheat variety’s protein. The technique will now help crop breeders to build varieties that are tolerant to frost, salinity and it could even mean the development of grains suited to those with allergies.Professor Harvey Millar from the ARC centre for… Read more »

Foot and mouth disease setback for Russia

A fresh outbreak has resulted in the suspension of Russia’s only Foot and Mouth Disease-free zone, just six months after it was cleared of the virus. The development is a new blow to Russia’s to become a larger beef exporter. Russia has been investing heavily to create a more modern beef industry with grain feeding capability… Read more »

Cattle Council welcomes ACCC beef industry report, holds some reservations around transparency

The Cattle Council of Australia has backed recommendations to overhaul its industry but called for additional efforts to improve price transparency.The Australian Competition and Consumer Commission’s interim report made 14 recommendations aimed at improving fairness in meat pricing and reporting.In particular, Cattle Council president Howard Smith welcomed the changes around objective carcass… Read more »

Bio-engineered ‘plant meat’ arrives in California restaurants

THREE California restaurants have this month started selling a bio-engineered plant-based burger as part of their menu offer. Impossible Foods’ Impossible Burger is bio-engineered to mimic the taste, smell, appearance and mouth-feel of ground beef. By genetically modifying yeast to produce heme, an iron-containing molecule in red meat, the company has created a ‘bloody’ burger… Read more »

XE Market Analysis: Asia – Oct 31, 2016

The dollar started the Monday N.Y. session on a firmer footing, though lost altitude through the remainder of the session. Incoming U.S. data was nothing special, with personal income and consumption in-line, and the Chicago PMI coming up short of expectations. EUR-USD based at 1.0935, then rallied to 1.0976 in afternoon trade. Cable was the… Read more »

AuctionsPlus sets throughput records in October

The AuctionsPlus online saleyard has set monthly records for both cattle and sheep turnover during October. Commercial cattle throughput for the month just completed reached 39,897 head, representing year-to-date growth of 29 percent. Particularly strong activity out of Queensland was one of the drivers for the record, which was achieved with only four Fridays in… Read more »

XE Market Analysis: Eurozone Growth Soft but Steady

OVERVIEW Markets have opened on a cautious note ahead of a big week of central bank meetings. Uncertainty over the U.S. presidential election has increased with the polls narrowing following a new investigation into emails found on Hilary Clinton’s top aide’s laptop. U.S. consumer spending increased more than expected in September, rising 0.5% versus August…. Read more »