Month: December 2016

Roma store 13 Dec 2016: Weaners to 434c/kg

Yarding 4759 Change -2741 It was a modest yarding of store cattle for the final sale of the year. Quality varied from plain to good with cattle drawn from across western Queensland. Good restocker attendance lifted light weight yearling steers prices, while feedlot buyers were more selective when purchasing. Good numbers of light weight yearling heifers… Read more »

XE Market Analysis: UK Inflation Hits Two-Year High

OVERVIEW Chinese retail sales rose at their fastest pace since December 2015, climbing 10.8% year-on-year as the economy builds momentum towards year end. The German ZEW survey of economic sentiment was unchanged at 13.8 in December vs expectations of it rising to 14.  Swedish inflation rose 1.4% last month, the fastest pace in over four… Read more »

Weekly rainfall wrap + 14 day outlook, 14 Dec 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Pockets of the Kimberley, Pilbara and South West Land Division in Western Australia; parts of the Top End in the Northern Territory; areas of northern and central Queensland, northeastern New South Wales and northern Tasmania received the biggest falls in the past week. Past seven… Read more »

Weekly rainfall wrap + 14 day outlook,14 Dec 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Pockets of the Kimberley, Pilbara and South West Land Division in Western Australia; parts of the Top End in the Northern Territory; areas of northern and central Queensland, northeastern New South Wales and northern Tasmania received the biggest falls in the past week. Past seven… Read more »

XE Market Analysis: North America – Dec 13, 2016

The dollar firmed up against the yen and the euro, though lost ground versus the pound, which outperformed during the London AM session, and the Canadian dollar, which was supported by near 1% gain in oil prices on news that some Gulf states have given notice to customers of output cuts, an encouraging sign of… Read more »

Solid goat meat prices and demand will mean more market development

Boer meat goats. SOLID demand and growing investment in Australia’s goat meat industry is likely to continue the market’s development in 2017, according to Meat & Livestock Australia. Despite solid demand from international markets, lower production meant Australian goat meat exports declined 21 percent on year-ago levels, to 23,797 tonnes, for the year-to-November. MLA said… Read more »

Shearing contractors reminded to reduce animal welfare risks after shearer banned

SHEARING contractors have been reminded to reduce animal welfare risks and be vigilant in worker supervision after a South Australian shearer was banned for two years over sheep cruelty charges. A Lucindale shearer was last week banned from shearing sheep or being in charge of any farm animal in Victoria for two years, after pleading… Read more »

SE Asia Report: Indian buffalo gaining penetration in Indonesia

  Indonesia:  Slaughter Steers AUD $4.20 / kg live weight (Rp10,000 = $1AUD) Live slaughter prices are weakening very slightly with my monthly indicator rate at Rp42,000 which converts to AUD$4.20 with the weaker Rupiah. The reliable thing about the Indonesian government’s rapidly changing beef policy approach is that it gives me a never-ending supply… Read more »

Harvest receivals push towards 26 million tonnes

Harvest receivals wrap Eastern Australia BULK handler GrainCorp received 1.44 million tonnes of grain in the week to December 12 to lift its receivals in Queensland, NSW and Victoria combined to 8.6MT. Queensland harvest is mostly complete as growers turn their attention to growing the upcoming sorghum crop. In NSW and Victoria high winds and localised storms had slowed… Read more »

ESCAS approvals indicate first China beef cattle shipment “imminent”

The first shipment of cattle from Australia to China under the feeder/slaughter cattle protocol struck in July 2014 is likely to occur in the first few months of 2017. The trade opened 18 months ago but only three small air-consignments of slaughter-weight cattle have been delivered since then, two by Elders and one by Frontier…. Read more »

Cattle producer profits soar, but cost of production also hits record, RCS results show

WHILE beef producer profits have risen to record highs over the past year, production costs have also risen to unprecedented levels, Resource Consulting Services has revealed in its latest Profit Probe benchmark report. The results, for fiscal year 2015-16 ended June 30, are based on financial data aggregated from hundreds of RCS cattle producer clients… Read more »

XE Market Analysis: Asia – Dec 12, 2016

FX trade was relatively quiet in N.Y. on Monday, though the dollar faded fairly broadly through the session. There was no data to drive prices, and the risk backdrop was neutral overall, with Wall Street mixed, and yields off their highs. Oil prices eased back from 17-month highs as well, with profit taking the motivation… Read more »

Farm production to crack $60 billion

FOLLOWING news last week of Australia’s bumper winter crop, the gross value of Australian farm production is forecast to increase by 6.1 per cent, surpassing $60 billion in 2016–17, according to the latest agricultural commodities report. Released today by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), acting executive director, Peter Gooday,… Read more »

Saleyard closure/recommencement dates for 2016-17

[unable to retrieve full-text content]The following list from Meat & Livestock Australia’s National Livestock Reporting Service documents dates of saleyard closures and re-commencements around Australia: The post Saleyard closure/recommencement dates for 2016-17 appeared first on Beef Central. Source: Beef Central Saleyard closure/recommencement dates for 2016-17

XE Market Analysis: World Eyes on FED Decision

OVERVIEW The oil price hits an 18-month high after the recent OPEC deal on production. ​The markets have their eye on the FED meeting this week looking for any signals on further tightening.     Euro recuperates after last weeks’ tumble post ECB announcement. HIGHLIGHT This week is the FOMC two-day meeting, where a 0.25%… Read more »

Be quad safe this Christmas

VICTORIA’S peak farmer organisation is encouraging primary producers to remain focused on farm safety this Christmas holiday season by investing in protection devices to limit the risk of quad bike injuries on farms. The Victorian Farmers Federation is offering rebates of up to $600 (GST exempt) on two eligible protection devices – the Quadbar ™… Read more »

XE Market Analysis: North America – Dec 12, 2016

The dollar traded mostly softer, though USD-JPY still logged a trend high at 116.12, the loftiest level seen since February as the yen underperformed. The Canadian dollar and the euro outperformed, the former as oil prices rallied some 5% following the weekend’s pledge from major non-OPEC oil producing nations to cut production by 558k barrels… Read more »

XE Market Analysis: Europe – Dec 12, 2016

The dollar has traded mixed in early week trade so far, rallying to fresh trend highs versus the yen, but falling to new tend lows in the case against the Canadian dollar, which was buoyed by a 5%-plus surge in oil prices following the weekend meeting of OPEC and non-cartel oil producing nations. The dollar… Read more »

New opportunity for Australian wheat as India axes import tax

INDIA has dropped its 10 per cent import tax on wheat to zero, a move which is expected to trigger near-term sales for Australian wheat. India’s decision to drop its 10pc import tax for wheat is likely to trigger near-term sales opportunities for Australian wheat. MarketCheck’s head of marketing and advisory, Richard Perkins, said APW… Read more »

Top 10 Australian red meat food service/retail trends for 2016

HIGHER wholesale prices and shortage of beef supply caused by two years of drought-fuelled herd reduction has led to some significant shifts in the way beef is utilised and presented in Australia’s food service sector, as well as on retail shelves. With herd size sinking to 20-year lows, a record 74 percent of Australia’s beef… Read more »

South Australian shearer banned for two years after PETA-inspired probe + VIDEO

[embedded content]A SOUTH Australian shearer has effectively been banned from shearing sheep or being in charge of any farm animal in Victoria for two years, after pleading guilty to four animal cruelty offences relating to shearing in a north west Victorian shearing shed three years ago. Agriculture Victoria said the 60-year-old pleaded guilty to abusing… Read more »

Never Lamb Alone ad not lonely with award and 5 million-plus views + VIDEO

[embedded content]A LAMB marketing campaign that celebrated the diversity of the meat’s appeal has risen from a roasting before the Advertising Standard Board to notch up more than 5 million social media views and win its first industry award. Meat & Livestock Australia’s spring Never Lamb Alone advertisement recently won the People’s Choice award at… Read more »

Recruitment: Project looks at prospects for building network for red meat professionals

Latest listings on Jobs Central recruitment page: General Manager, QLD region (CPC) Stock Crew (Rangers Valley) 2017 Station positions – Tanbar (Paraway Pastoral Co) Commercial analyst (Lawson Grains) Senior Biosecurity Officer (NSW Local Land Services) Organic beef sales & production representative (OBE) Livestock administration supervisor (Bindaree Beef) Working manager Miamba feedlot (Teys Investments) CEO –… Read more »

New website promotes careers in agriculture

Five agricultural research and development organisations will today launch a new website aimed at promoting careers in agriculture. The “People in Agriculture” site (www.peopleinag.com.au), to be launched by Ag Minister Barnaby Joyce, will also offer compliance support for agricultural employers and provide a platform for employment information sharing. The centralised hub aims to help agriculture… Read more »

Watching underground water on the web

The 3D Water Atlas compiles and analyses data from Surat Basin bores An open access Water Atlas has gone online, giving the general public a 3D view of groundwater data from eastern Australia’s Surat Basin. Associate Professor Sue Vink of The University of Queensland’s Centre for Water in the Minerals Industry said the tool provided diverse… Read more »

$100,000 for better brucellosis testing

Coalition Government investing in better diagnostic testing for Bovine Brucella abortus Better diagnostic testing will help demonstrate Australia’s freedom from the disease CSIRO-AAHL to develop test over the next two years Freedom from Bovine Brucella abortus helps to maintain market access for livestock exports Australia’s reputation as a clean, green exporter will soon be strengthened thanks… Read more »

Inquiry into Lyme-like illness calls for more research and better treatment

Cattle ticks. For the past 20 years, a debate about the presence in Australia of Lyme disease caused by ticks transmitting a specific group of bacteria has resulted in often intense and confused media attention. While some claim the organism (known as Borrelia burgdorferi sensu lato) exists in this country, to date there has been… Read more »

Trials to evaluate automated detection of BRD in feedlot cattle

CUTTING-edge technology enabling automated detection of the leading cause of sickness in Australian feedlot cattle will be trialled in Australia under a new research project. Feedlot pen rider at JBS Prime City near Griffith Bovine Respiratory Disease (BRD) is the feedlot sector’s biggest health cost and historically has been detected by feedlot pen riders observation… Read more »

Big cow/calf offering, as dry summer start pushes AuctionsPlus numbers higher

Unjoined heifer highlights last week included these 379kg  Te Mania blood Angus heifers from Tonga Station Mansfield, VIC selling for 372c/kg live weight or $1410. DRIVEN by early southern interfaced weaner sales and the general dry start to summer, cattle numbers took off on AuctionsPlus last week. Almost 12,000 head was offered online last week,… Read more »

Weekly indicators: gas usage joins the US$ and interest rates as a negative edition

Commodity prices bottomed about one year ago. After briefly turning negative, metals have now surged higher since the election. Stock prices S&P 500 Up +3.1% w/w Stock prices became a positive having made new all-time highs in summer, and made more new highs this week. Regional Fed New Orders Indexes (*indicates report this week)(no reports… Read more »

XE Market Analysis: Asia – Dec 09, 2016

The dollar moved higher on Friday, aided by an outsized gain in Michigan consumer sentiment data, and ahead of what will almost certainly be a Fed rate hike next week. EUR-USD fell to 1.0532 lows, and will have last Monday’s 1.0505 in the crosshairs. USD-JPY meanwhile, topped 115.36 on the improved risk backdrop and higher… Read more »

Western Australian harvest gathers pace on 15.688 million tonne crop

PRODUCTION estimates for the Western Australian winter crop harvest have been lifted 600,000 tonnes in the past month to 15.688 million tonnes, according to the December crop report from the Grain Industry Association of Western Australia (GIWA). Production estimates for WA’s winter crop have risen to 15.688 million tonnes. Report author, Alan Meldrum, said as… Read more »

Supporters of mob-based sheep NLIS heartened by Sheepcatcher II tidbits

SUPPORTERS of Australia’s visual tag mob-based National Livestock Identification System for sheep and goats have been boosted by the first glimpses of the Sheepcatcher II exercise report. The Sheepmeat Council of Australia and WoolProducers Australia said in a statement they were heartened by news that the unreleased Sheepcatcher II report indicated that has been improvement in the… Read more »

Rinehart consortium’s Kidman acquisition gets FIRB nod

TREASURER Scott Morrison’s announcement that the Federal Government has approved the sale of S. Kidman & Co to the joint venture company Australian Outback Beef brings to a close the most convoluted cattle asset sale in the nation’s history. The 19-month sale process has had more twists and turns than an Alfred Hitchcock novel. Not… Read more »

Little support seen for listing in CBH member survey

CBH chairman, Wally Newman, image CBH A survey of Cooperative Bulk Handling Ltd (CBH) members has found only 12 per cent of respondents favour the public listing of Australia’s largest co-operative, and around 80pc favour retaining the current model. “Almost eight out of ten growers want some form of a co-operative with most of them… Read more »

Property: NT’s Bullo River sells again

Bullo River homestead RENOWNED Northern Territory cattle property, Bullo River Station, has changed hands for the second time in 16 months, this time for more than $15 million. Bullo River was made famous through the autobiographies of former owner the late Sara Henderson. The scenic Victoria River District cattle property, spanning 1627sq km, is located… Read more »

Is there any money in soil carbon projects? It seems there is now

Terry McCosker, CarbonLink One question more than any other is directed at CarbonLink’s Terry McCosker by producers wanting know more about on-farm carbon storing projects. Is there any money in it? Dr McCosker is currently answering that question in detail at a series of workshops around Queensland and New South Wales. But the short answer… Read more »

Wool forward buyers and sellers move to cope with market volatility

AN interesting and challenging week for the market at auction and in the forwards. The anticipated correction in the auction from five-year highs produced a larger than expected fall on the first trading day in all three centres. A base and a bounce occurred on the following day. These stimulated action from both buyers and… Read more »

Midfield Meat to spend $100,000 on Q-Fever awareness

VICTORIAN meat processor Midfield Meat International is funding a $100,000 Q Fever awareness campaign through the Victorian Farmers Federation’s Livestock Group as part of an undertaking with WorkSafe Victoria. The VFF said the $100,000 campaign is fully supported by Midfield and will be launched next year. It will include industry workshops, preparedness toolkits and targeted… Read more »

Regional Australia is crying out for equitable access to broadband

Internet and broadband connectivity are the foundation of the networked economy. But to ensure the benefits of the networked economy are evenly distributed, the Australian government needs to ensure access to the internet to encourage and support innovation. A recent report from SGS Economics and Planning highlights a widening gap between the economic workhorses of… Read more »

XE Market Analysis: Asia – Dec 08, 2016

The dollar rallied broadly after the ECB policy announcement and press conference, with gains pace by EUR-USD losses. The initial releases indicated the ECB would taper its asset purchases to EUR 60 bln from EUR 80 bln, though with Draghi extending the program for 9 months versus the 6 months expected, the markets ended up… Read more »

Recruitment: Project looks at prospects for building network for red meat professionals

Latest listings on Jobs Central recruitment page: General Manager, QLD region (CPC) Stock Crew (Rangers Valley) 2017 Station positions – Tanbar (Paraway Pastoral Co) Commercial analyst (Lawson Grains) Senior Biosecurity Officer (NSW Local Land Services) Organic beef sales & production representative (OBE) Livestock administration supervisor (Bindaree Beef) Working manager Miamba feedlot (Teys Investments) CEO –… Read more »

XE Market Analysis: ECB to Print Money Until Inflation Target Reached

OVERVIEW The European Central Bank kept interest rates on hold as expected. UK house prices reached a seven-month high in November, rising to 30, according to the RICS house price balance.  Japanese GDP growth was revised down from 2.2% to 1.3% in the third quarter as capital expenditure fell unexpectedly.   The Bank of Canada… Read more »

Robots open new front in war on weed resistance

DRIVERLESS farming robots with the ‘smarts’ to not only identify different weeds but then either spray or chip them out are nearing a commercial reality. The AgBot farming robot opens up a new world of integrated weed management options for farmers. The Queensland University of Technology (QUT) is close to releasing its light-weight autonomous AgBot… Read more »

Grainfed trading budget still deeply negative, despite softer feeder prices

A CONSIDERABLE easing in buy-price for feeder steers used as part of our regular 100-day grainfed trading budget formula has failed to stem the bleeding in results produced from our latest calculation performed this morning. While outcomes have improved a little in our forecast for a typical 450kg feeder steer entering a typical Darling Downs… Read more »

NLIS visual tag system can meet sheep and goat traceability standards, but is it?

SAFEMEAT Partners chairman Ross Keane AUSTRALIA’S current visual ear tag-based National Livestock Identification System for sheep and goats can meet required traceability performance standards, according to the unreleased Sheepcatcher II exercise report. The full report was considered by the National Livestock Identification System Sheep and Goat Advisory Committee yesterday and has been passed onto SAFEMEAT… Read more »

ADAMA becomes SwarmFarm business partner

GLOBAL crop protection specialists, ADAMA, and Australian ag-tech company, SwarmFarm Robotics, have announced a joint arrangement to establish ADAMA as SwarmFarm’s preferred global business partner. SwarmFarm driverless, automated robot set up for spot spraying. The arrangement will enable the two to help improve the productivity of farming systems and deliver simplicity to farmers around the… Read more »

Aussie wool is lost at the Quay says AWGA chairman Robert McBride

FOR anyone who has read the Australian Wool Innovation annual report, one feels the board has clearly lost direction and control of the wool levy. It’s hard to fathom how they are helping wool demand or on farm profitability in any way, the Merino industry has never been in a weaker position in its long… Read more »

AGT in talks to acquire InterGrain

AUSTRALIAN Grain Technologies (AGT) and InterGrain have begun formal negotiations on a deal to strengthen Australian-focused cereal breeding. The proposal under discussion would see AGT acquire InterGrain, bringing together two local plant breeding companies focused on the development and adoption of improved varieties to meet the unique needs of Australian grain growers. The two companies… Read more »

Teys Wagga Wagga plant picks up EU accreditation

TEYS Australia’s Wagga Wagga plant will shortly start processing both grainfed and grassfed cattle for the premium European Union beef export market, having gained EU-accreditation this week. The plant has now been granted EU accreditation by the Australian Department of Agriculture and Water Resources and will accept eligible livestock from early next year. Beef producers… Read more »

Case for a national Royalties for Regions program is obvious: O’Sullivan

Queensland Senator Barry O’Sullivan OPINION While I might have been a politician for only three years, I have been a businessman for 30 years and one thing I fully understand is that nothing happens without sufficient access to capital. The best laid plans in business can quickly come to a screeching halt if you cannot… Read more »

Red meat industry to discuss DEXA technology rollout

RED meat industry stakeholders from across the supply chain will come together in Brisbane on Monday to further discuss DEXA technology at a consultation workshop. Meat & Livestock Australia is convening the workshop, titled DEXA technology in the red meat industry, following the announcement at last month’s MLA annual meeting of a plan to install… Read more »

XE Market Analysis: Asia – Dec 07, 2016

The FX market was fairly quiet in N.Y. on Wednesday, with the dollar largely trading sideways, with the exception of USD-CAD, which fell following the BoC policy announcement, and despite oil price losses. EUR-USD ranged between 1.0726 and 1.0768 through the session, as USD-JPY slipped briefly under 113.50, before rallying over 113.90 on the back… Read more »

Charitable status of trespassing animal rights groups targeted

Government and industry roundtable meetings on animal welfare last year discussed whether animal rights groups should be stripped of their charitable status if they trespass on farmland in their attempts to expose animal cruelty. Documents obtained under NSW access to information laws by the Greens and published today by The Guardian, detailed discussions held in… Read more »

XE Market Analysis: Brexit Timetable Tumbles Sterling

OVERVIEW US factory orders rose 2.7% in October, the largest gain since June 2015 and the fourth straight month of gains.   UK industrial output suffered its biggest monthly drop in more than four years in October after the temporary shutdown of a major oilfield, while factory output also fell unexpectedly. German industrial production rose… Read more »

Weekly property review – The year that’s been in south-eastern Australia

2575ha Deltroit Station, one of the premier pastoral holdings on the eastern seaboard, was sold during the year by Inglis Rural Property to Australian agricultural investment group MH Premium Farms for close to $17m WHAT a difference a year can make. Twelve months ago, South Australia, Victoria and New South Wales experienced one of their… Read more »

Contracts exchanged for sale of NT’s Kalala, including 40,000 cattle

Cattle in the cooler on one of Kalala’s sets of yards IN WHAT promises to be one of the biggest property transaction deals in northern Australia this year, contracts have been exchanged for the sale of the large-scale Barkly Tableland breeding property, Kalala. The sale is understood to be contingent on Foreign Investment Review Board… Read more »

Young Victorian believes electronic tags can bring farmers back to sheep

Culla sheep producer Anthony Close YOUNG Western District sheep producer Anthony Close has a different view of Victoria’s go-it-alone move to mandate electronic sheep and goat identification. He believes wider use of electronic identification systems on sheep farms for production and management benefits, could ultimately help bring young people back into the sheep industry. Many… Read more »

November beef exports edge higher, in response to modestly larger kills

REFLECTING the recent spring rise in rates of slaughter across eastern Australia, November beef exports showed a modest but encouraging lift in volume after earlier falling to record mid-year lows. Data released by the Department of Agriculture today shows exports to all destinations during November at 86,724 tonnes – an encouraging 14pc up on October’s… Read more »

JBS plans US public listing next year

Brazil’s JBS, the world’s largest red meat processor, plans to launch a public listing of its subsidiary JBS Foods International in the US in the first half of 2017 as a part of a larger company reorganisation. A company statement issued on Monday said under the plan, the JBS Foods International unit would be responsible… Read more »

Drier and warmer as La Nina pattern fades

THE development of a La Niña weather pattern – which typically means increased rainfall, cooler maximum temperatures and greater cyclone activity – is no longer likely in the coming months, according to the latest outlook from the Bureau of Meteorology (BOM). Most climate models indicate sea surface temperatures in the tropical Pacific Ocean will remain… Read more »

Qld discovery could boost cholesterol-fighting properties of grains

Researchers in UQ’s Centre for Nutrition and Food Sciences have identified a new mechanism for how healthy cereals such as oats reduce the amount of cholesterol in the blood stream, thereby lowering the risk of heart disease. The discovery could lead to ways of boosting the cholesterol-fighting properties of other cereals including wheat. UQ’s Professor… Read more »

XE Market Analysis: Asia – Dec 06, 2016

The dollar firmed up some in N.Y. trade on Tuesday, though only by a bit overall. The dollar index was up about 0.4% to 100.60, after briefly dipping under the 100 mark in London. Incoming U.S. data was USD positive, with factory orders hitting a 1.5 year high. EUR-USD traded to 1.0699 lows after topping… Read more »

2017: a late-cycle year of inflation?

It appears that 2017 is setting up as a typical late cycle year of inflation.That’s certainly what the long bond seems to expect:But there are other reasons to think that inflation may be about to hit a recent high.  To begin with, over the last 8 months, prices have increased 1.7%, or roughly a 2.5%… Read more »

India leading global beef exports

India has returned to become the global leader for bovine meat (beef and buffalo meat/carabeef) exports by volume in 2016, according to Meat & Livestock Australia. Australia was the largest beef exporter in 2015, amid a year of near record production (just shy of the 2014 peak), and strong global demand. However, shipments have since… Read more »

Roma store 6 Dec 2016: Numbers jump 39pc

Yarding 7500 Change 2900 Yarding numbers jumped 39% as extreme hot weather prevailed across much of western Queensland. Majority of cattle penned were drawn from south-west parts of the State, with several consignments from both central and north-west areas. Some good quality lines of medium and heavy weight steers were penned, while early weaned male calves… Read more »

XE Market Analysis: German Industrial Orders Surge

OVERVIEW Last month the U.S. service sector saw activity growth increase at its fastest pace in over a year with the PMI jumping to 57.2 from 54.8 in October. The U.S. trade deficit widened to $42.6 billion in October as exports fell. Australia’s central bank kept interest rates on hold at 1.5% as expected. South… Read more »

NVLX Wodonga 6 Dec 2016: Vendors sell off before Xmas break

Numbers climbed to just over 2500 at NVLX Wodonga as vendors sell off before the annual Christmas holiday break. Prices did vary throughout the market, with some export and domestic processors not contesting all the better quality lines. Young secondary cattle returning to the paddock generally firmed 5-13c, with lighter weights returning to the paddock… Read more »

Weekly rainfall wrap + 14 day outlook, 7 Dec 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Northern Australia and coastal South Eastern Australia received the highest rainfall totals across Australia over the past seven days. Past week overview: At the beginning of the week, a broad area of low pressure covered much of the continent with associated low pressure troughs extended… Read more »

New index will provide insight into ag investment performance

INVESTORS in Australian agriculture will for the first time have access to a measure of the investment returns being generated by the sector, following the recent launch of a regularly-updated Index. The Australian Farmland Property Index was launched recently at the Australian Farm Institute’s roundtable conference in Brisbane. The index will enable investors to compare… Read more »

High lamb prices forecast to continue with strong domestic demand + VIDEO

[embedded content]CONTINUED strong domestic demand is expected to underpin higher lamb prices next year until a forecast recovery in exports in 2018, according to Meat & Livestock Australia’s 2017 Sheep Industry Projections. MLA manager of market information Ben Thomas MLA’s Manager of Market Information Ben Thomas said the 2017 sheep meat outlook for Australia was… Read more »

Defence land buy-up opposed by Qld farming families

THE Department of Defence’s proposal to buy up of significant tracts of grazing land for military training areas had upset farming families in central and north Queensland, state farm organisation AgForce said today. AgForce General President Grant Maudsley called on the Federal Government to ensure all alternatives were exhausted before they locked up agricultural land… Read more »

Harvest windfall for lentil burghers of South Australia

IT’S a big year for lentils in South Australia where harvest is nearing completion on crops that have, in many cases, yielded more than three tonnes/hectare, even in the more marginal rainfall areas. The lentil harvest in South Australia is producing heavy crops, some more than 3t/ha. Grain Producers South Australia chief executive, Darren Arney,… Read more »

2016 finishes as ‘best-ever year’ for bull sales

UNRELENTING bidding from buyers across the nation brought smiles to the faces of vendors as more than 20,000 bulls sold at auction averaged $7237 during 2016, Beef Central’s annual bull sales summary has revealed. It’s been described by agents as the ‘best year ever’ for the Australian seedstock industry. When the 2016 bull selling season… Read more »

How the ‘big nine’ beef breeds performed in 2016 bull sales

SET out below is a breed-by breed breakdown of results (average price, numbers sold and clearance rates) for the nine largest beef breeds, based on turnover of bulls sold across Australia in 2016. This summary supports this morning’s main story, “2016 finishes as ‘best-ever year’ for bull sales”. Breeds are listed in alphabetical order. The… Read more »

Weekly kill: Outlook not bright for early stages of 2017

AS THE long and eventful 2016 beef slaughter season draws to a close, stakeholders are starting to reflect on the year that was, and what lies ahead for 2017 in terms of cattle supply and beef production prospects. Tightest cattle supplies in 20 years has been the underlying story in the processing sector this year,… Read more »

Value-adding: Andrews Meats unveils new $20m sous-vide kitchen

SYDNEY-based specialist portioning and value-adding business Andrews Meat Industries has unveiled a new $20 million state-of-the-arty commercial kitchen specialising in sous-vide at its facility at Lidcombe. The new $20 million sous-vide kitchen is one of the most advanced cooked food service operations in Australia in terms of technology and scale. The 5000sq m operation can… Read more »

XE Market Analysis: Asia – Dec 05, 2016

The dollar struggled through the N.Y. session on Monday, posting highs early in the session before fading lower into the close. EUR-USD appeared to benefit from a fairly pronounced short-squeeze, making its way to highs just under 1.0800. USD-JPY meanwhile, failed to breach last week’s trend high, and fell to 113.16 lows from highs over… Read more »

Winter crop on track to hit record high

HEADERS are making good progress through what is shaping as a record Australian winter crop harvest with analysts predicting a 52.4-million-tonne crop, up 32 per cent on last season, according to the latest ABARES crop report released today. Australia’s winter crop is set to hit a record 52.4 million tonnes. Acting ABARES executive director, Peter… Read more »

The good oil on grain prices…

Nidera Australia, Peter McMeekin on the interplay between agriculatural production of biofuels and world oil prices following OPEC announcement to cut production. Global oil producers have announced a deal to help the market strike a balance between demand and a surfeit of supplies that has weighed heavily on oil prices since 2014. Organisation of the… Read more »

Wellard resolution outcomes reversed after poll counting error

In a surprise twist to last week’s Wellard Limited annual general meeting, an error has been exposed in the counting of poll results. An audit has found that a shareholder was incorrectly excluded from voting on three resolutions put forward by the board. The poll results have been recalculated to include the shareholder’s votes, and… Read more »

XE Market Analysis: Euro Rebounds After Italian Referendum Defeat

OVERVIEW Italians voted ‘no’ by a larger than expected margin, with 59% of votes siding against Prime Minister Renzi’s proposed reforms, leading to him resigning.  Markets initially reacted negatively to the news, but have since recovered their losses. The Eurozone services PMI dipped slightly to 53.8, but combined with the strong manufacturing PMI, it pointed… Read more »

AgData named Australia’s Regional Online Hero for 2016

The AgData team outside the company’s Toowoomba office. AgData chief marketing officer Stephen Dummett accepts the Regional Online Hero award on behalf of the AgData team at the awards ceremony last night. AgTech company AGDATA was last night named Australia’s Regional Online Hero for 2016 by the Regional Australia Institute (RAI) and Google Australia. Based… Read more »

XE Market Analysis: North America – Dec 05, 2016

The euro dove in early Asia before rebounding strongly during the European AM. EUR-USD was showing 0.4% gain after declines of more than 1% at the lows, while EUR-JPY has gone from a 1%-plus loss to a 1.0%-plus rise. While markets are cementing in expectations for the ECB to extend its QE program following the… Read more »

XE Market Analysis: Europe – Dec 05, 2016

The euro pared losses after diving by over 1% versus the yen and euro in early Asia. News that Italian PM Renzi suffered a resounding defeat in the weekend referendum on constitutional reform spooked markets, though in Austria the far right and with it anti-EU forces suffered an equally convincing defeat in the weekend’s presidential… Read more »

Energy security and affordability are priorities for farmers in climate review

NFF president Fiona Simson. THE Federal Government’s review of climate change policies must ensure the country has a smooth, affordable and reliable energy plan, the National Farmers Federation said today. National Farmers’ Federation president Fiona Simson welcomed the government’s announcement of a review of climate change policies, but said the government must ensure energy security… Read more »

Video: Growing grass for good ground cover in northern Australia

In this short video produced by FutureBeef, Richard and Amy Holcombe share their experiences of growing grass for good ground cover on their property in Moura, Central Queensland. [embedded content] Visit the Grazing and land management pages on the FutureBeef website to learn more about pasture monitoring, maintaining ground cover and other key principles of… Read more »

AuctionsPlus’ record month boosted by ewes and restocker lambs

These 17-18 month-old composite ewes sold for $203 at Kalangadoo, SA, on AuctionsPlus last week. A BIG weekly sheep and lamb offering has clinched a record monthly result for online saleyard AuctionsPlus. AuctionsPlus sheep and lamb numbers increased by 11,628 to 85,559 last week, bringing the November total to 341,791 head – a monthly record… Read more »

Research investigates India's national obsession with chickpeas

A researcher looking into how chickpeas are used in India has found consumers on the sub-continent use the pulse in hundreds of ways.Charles Sturt University consumer sensory scientist Anthony Saliba found India’s obsession with chickpeas was “something else”.He spent time in India interviewing people in their homes, at outdoor food… Read more »

Kay’s Cuts: One man’s meat is…

A monthly column written exclusively for Beef Central by US market analyst, Steve Kay, publisher of US Cattle Buyers Weekly. I GENERALLY avoid using oft-used sayings, especially in a headline. But I can’t think of a more appropriate time to use “One man’s meat is another man’s poison” to describe what occurred here in the… Read more »

Collars help to identify individual pasture intake of cattle

New prototype sensor collar for measuring pasture intake fitted on a grazing steer. Research using sensors and wireless networks to measure individual feed intake and efficiency of livestock in a commercial grazing environment is underway in New South Wales. The research is being conducted by the NSW Department of Primary Industries (NSW DPI) and CSIRO… Read more »

Wool4School rocks into 2017 with new star live performance theme

[embedded content]AUSTRALIAN Wool Innovation’s unique student design competition, Wool4School, will be open to Year 12 students for the first time, in 2017. And 2017 entrants will be required to design woollen garments suitable for global stars like Ariana, Adele, Sia and Justin Bieber. As well as the new design brief, AWI said Australia’s top student… Read more »

First-calf cows and calves average $2400 in larger AuctionsPlus offering

These Hereford cows and calves, part of a line of 300+ from Coolah NSW offered on Friday made $2250. CATTLE numbers rose on AuctionsPlus this week, with an offering of 8128 head, up 26 percent on the week prior. This size of the catalogue was aided by herd dispersals in NSW and other eastern states…. Read more »

US Army targets wool for sustainable fire-resistant combat uniforms

US Army Private Antwan Williams wearing the wool-blend fabric uniform. U.S. Army researchers are developing a light wool-based fire-resistant fabric to improve combat uniforms. The Army has developed a fabric composed of 50 percent wool, 42pc Nomex, 5pc Kevlar and 3pc P140 anti-static fibre. Textile technologist with the Army Natick Soldier Research, Development and Engineering… Read more »

Forecasted 6.9pc increase in wool prices expected to boost production

WOOL prices are expected to increase 6.9 percent in 2016-17, according to National Australia Bank. In NAB’s November Rural Commodities Wrap, the bank’s analysts said the higher prices are forecast to offset lower production in 2015-16 and provide some production incentive to wool growers in 2016-17. The value of Australian wool exports is forecast to… Read more »

Western Downs beef producer takes first steps in export exploration + VIDEO

[embedded content] Kirillee Donohoe from Donohoe Cattle Co on Queensland’s Western Downs is looking to the future of beef exports to Asian countries after her return from Shanghai as a participant in the recent AccessChina’16 trade mission. Wandoan-based Donohoe Cattle Co runs four grazing properties totalling about 7500ha, managing about 1200 head of cattle. Mrs… Read more »

Mobile blackspots program to boost phone coverage

THE National Farmers’ Federation (NFF) has welcomed an Australian Government commitment to deliver a further 266 base stations under the Mobile Blackspots Program. “The NFF are supporters of this program given that many of our members continue to endure a lack of mobile network coverage, or no coverage at all. This announcement is a positive step… Read more »

US Bond Market Week in Review: A Rate Hike Is In the Cards, Edition

     Numerous Fed Governors have correctly observed that both unemployment and inflation levels support a rate hike.  Unemployment is 4.6%; core CPI is 2.1% while total CPI is 1.6%.  But an ancillary question all Fed governors must answer is, “can the economy absorb an interest rate increase?”  Granted, a 25 basis point hike from… Read more »

US Equity and Economic Review: A Solid Week of News

     US news was very positive this week.  The second estimate for 3rd quarter GDP increased .3% to 3.2%.  Personal incomes and spending continued to rise as well.  Durable goods, which have been weak due to the oil market collapse, increased for the second consecutive month.   And the employment report showed solid gains.  The… Read more »

International Economic Week in Review: Oil Prices Might Reduce Deflationary Pressures, Edition

     This week’s most important international economic development was OPEC’s agreement to limit production.  As with all OPEC agreements, there are many details that could potentially unravel the consensus.  But the markets sent oil prices rallying, with the price of West Texas Intermediate Crude rising over 12% on the week.  Prices are now in… Read more »