Month: December 2016

South Australian grain growers ready for record harvest

South Australian grain producers are gearing up for one of the biggest harvests on record, with yields so good it is expected to boost the state’s economy by about $3 billion.Mallala wheat farmer John Lush said by the end of January he would have harvested enough wheat to make 20 million loaves… Read more »

Whither housing in 2017?

This has been a heckuva year for interest rates, which made in some cases new all-time lows in July, only to see 10 year US treasuries rise more than 1% off that bottom intraday this past week.If anything, interest rates are the longest of long leading indicators, because they affect housing so acutely.  Because of… Read more »

Weekly Indicators: the broad US$ joins interest rates as a negative edition

Commodity prices bottomed about one year ago.last November. Recently metals briefly turned negative, but have now resumed being positive, and surged higher in the last month. Stock prices S&P 500 Down -1.0% w/w Stock prices became a positive having made new all-time highs in summer, and made more new highs last week. Regional Fed New… Read more »

XE Market Analysis: Asia – Dec 02, 2016

The November U.S. jobs report was perhaps not as good as some were expecting, though was certainly good enough to keep a December Fed rate hike fully priced in. Yields and the dollar however, moved lower through most of the session, leaving EUR-USD at two-plus week highs of 1.0675. USD-JPY slipped under 114.00, and settled… Read more »

XE Market Analysis: U.S Unemployment Falls to A Nine-Year Low

OVERVIEW Sources at the ECB said they are likely to extend their bond purchases beyond March, with discussion over whether to reduce the monthly amount. Canadian employment increased by 10.7k in November, beating forecasts for a decline of 15k. 178,000 jobs were added in the U.S in November, higher than expected after 202,000 jobs were… Read more »

WA grain harvest reaches 9.5m tonnes, on track for 14m target

Western Australian grain growers took advantage of the good weather conditions during the month of November and have delivered a total of 9.5 million tonnes of grain to CBH’s receival sites around the Wheatbelt.The state’s main grain handler expects the state to exceed the average harvest of 11.2 million tonnes and is on… Read more »

Another big week of fine harvest conditions

Harvest receivals wrap Eastern Australia BULK handler GrainCorp received 2 million tonnes of grain in the week to November 28 to lift its receivals in Queensland, NSW and Victoria combined to 4.7MT. In Central Queensland, harvest is winding down, and the bulk of activity in southern Queensland has moved to the central and southern Downs. In NSW, plains crops… Read more »

Value-adding: Top Cut targets booming burger segment

SPECIALIST portioning and value-added red meat business Top Cut Foods has launched a pre-prepared premium burger range targeted at the food service sector, as the company notches-up 35 years of operations in Australia’s domestic and export red meat markets. Top Cut has recent ‘beefed-up’ its product portfolio with two new brands: The Laneway Street Food… Read more »

Recruitment: Re-positioning red meat career image

Latest listings on Jobs Central recruitment page: Assistant farm manager – South Australian position Station Positions 2017 – Davenport Downs (Paraway) Head Stockperson – Babbilora (Australian Country Choice) Production and Shipping Trainee – Beef (Mort & Co) Bull breeding unit manager – Carrum Station (AA Co) Station manager – Pier Pier (Paraway Pastoral Co) Livestock… Read more »

XE Market Analysis: Asia – Dec 01, 2016

The dollar rallied early in the session following stronger manufacturing ISM data, though spent most of the remaining session fading lower. The NASDAQ took another hit, apparently as Trump’s potential trade policies hurt tech shares, while yields rose. EUR-USD based at 1.0585 before printing 1.0659 highs on talk of ECB “tapering” of bond purchases, and… Read more »

Self-replacing Merino operations shine in NSW

DPI sheep development officer Geoff Casburn talks to producers at Trangie. SELF-REPLACING Merino operations selling trade weight wether lambs were the top gross margin performers in the past year, according to the latest NSW Department of Primary Industries data. DPI sheep development officer Geoff Casburn said Merino wool enterprises had the greatest growth with gross… Read more »

Weekly Indicators for November 21 – 25

Commodity prices bottomed about one year ago.last November. Recently metals briefly turned negative, but have now resumed being positive, and surged higher in the last several weeks. Stock prices S&P 500 Up +1.4% w/w (new record high) Stock prices became a positive having made new all-time highs in summer, and made more new highs this… Read more »

First eNVD approval to fast-track livestock data transfer

THE livestock industry’s move to a digital future is taking another positive step forward with an electronic National Vendor Declaration (eNVD) system now available to producers and participants in the value chain. To enable industry to start using the system, Meat & Livestock Australia has granted the first commercial license to Australian software provider, Aglive, to… Read more »

New technology to fast-track National Vendor Declarations

The livestock industry’s move to a digital future is taking another positive step forward with an electronic National Vendor Declaration (eNVD) system now available to producers and participants in the value chain. To enable industry to start using the system, Meat & Livestock Australia (MLA) has granted the first commercial license to Australian software provider,… Read more »

Merino sire evaluation trial boom spans Australia

AUSTRALIAN Merino breeders will be serviced by 10 active sire evaluation sites next year – the largest number operating since the organised assessment of sires within farm flocks began in 1989. Australian Merino Sire Evaluation Association executive officer Ben Swain said the number of sites indicated that independent genetic and visual sire and progeny evaluation… Read more »

ADM sells stake in GrainCorp

ARCHER Daniels Midland Company (ADM) announced today that it has entered into an underwriting agreement to sell its 19.9 per cent ownership stake in GrainCorp Limited for a total value of about A$387 million. “As part of our ongoing portfolio management, we carefully considered our equity investment position in GrainCorp and determined that we could… Read more »

Grain Central subscriber competition: And the winner is…

Signing up to receive Grain Central’s free daily news email has paid off for one reader in more ways than one. Southern Queensland cattle breeder, grain grower and lot feeder Spencer Morgan, The Grove Shorthorns, Condamine, not only has access to all of the day’s important national grain industry news in one convenient daily email, he… Read more »

XE Market Analysis: Sterling Surges on Brexit Comments

OVERVIEW Stock markets are down by around 1% across Europe while oil remains around $50 per barrel following yesterday’s OPEC agreement to cut production. UK manufacturing PMI showed growth cooled unexpectedly last month and Nationwide house price data showed prices rose at a slower pace of 4.4% in November.   Eurozone unemployment fell to a… Read more »

BOM severe weather update: Heatwave in Qld & NSW + VIDEO

[embedded content] THE heat has already started to build across Queensland—yesterday’s maximum temperatures in the high 30s to low 40s—and we expect those conditions to persist through the weekend and into early next week. The above video documents the Bureau’s three-day heatwave forecast. The Bureau defines a ‘heatwave’ as three-days where the minimum and maximum temperatures… Read more »

Five tips for beef cattle health and productivity over summer

by Beef Central, 02 December 2016 The Australian Cattle Veterinarians (ACV) say there are key measures beef producers should take to ensure their cattle are in optimal shape throughout the summer. “When I first go onto a farm at this time of year, there are five main things I think about to add value,” said… Read more »

Impact from non-tariff trade barriers on red meat explodes to $3.4b

THE impact on the Australian red meat industry from non-tariff trade barriers in export customer countries has been re-assessed, growing exponentially to $3.4 billion each year in latest findings. AMIC technical counsel, Rob Williams Rob Williams, the Australian Meat Industry Council’s technical counsel, outlined results from a recent re-examination of trade access impacts at this… Read more »

Face-saving deal with Greens sees 15pc backpacker tax passed

THE Federal Government’s 15 per cent backpacker tax legislation passed in the Senate last night following an 11th-hour deal with the Greens. The Upper House approved the motion 43 votes to 19. Barnaby Joyce In a deal struck yesterday afternoon on the last day of parliamentary sittings, the Greens extracted significant concessions from the Government in exchange… Read more »

Key crops look good for NSW grain growers

The grain harvest in New South Wales is in full swing and farmers are hoping for a good finish to the season after some lean years in parts of the state.There is excitement in the state’s west particularly, where contractors are reporting big yields.Some silos will be full for the first time in… Read more »

Farming robots – coming soon to a paddock near you

THE space-age, automated farming machines developed by the SwarmFarm Robotics project in Central Queensland are set to move into the commercialisation phase mid-way through next year with plans to build a batch of 50 units for release to the farming sector. SwarmFarm Robotics plans to build 50 of its driverless, robotic farming machines mid-way through… Read more »

Impact from non-tariff trade barriers on red meat explodes to $3.4b

THE impact on the Australian red meat industry from non-tariff trade barriers in export customer countries has been re-assessed, growing exponentially to $3.4 billion each year in latest findings. AMIC technical counsel, Rob Williams Rob Williams, the Australian Meat Industry Council’s technical counsel, outlined results from a recent re-examination of trade access impacts at this… Read more »

XE Market Analysis: Asia – Nov 30, 2016

The dollar traded higher in N.Y. on Wednesday, as incoming U.S. data helped sentiment, with the ADP jobs report, personal income, and the Chicago PMI all beating expectations. A surge in oil prices was a driver, which came following OPEC’s generally surprising agreement to cut production. WTI crude topped over $49/bbl, and up as much… Read more »

For Those of You Who Missed My Columns Last Week …

[unable to retrieve full-text content]You can find them here: US Equity Week in Review US Bond Market Week in Review International Week in Review Source: XE news feed For Those of You Who Missed My Columns Last Week …

Burren Junction grain facility upgrade cuts freight times

GRAINCORP has partnered with the NSW Government to deliver a $4.7 million upgrade to a major grains handling facility at Burren Junction in northern NSW. Rail loading times at Burren Junction in northern NSW will be reduced by 70 per cent as a result of a $4.7 million upgrade. Rail loading times will be reduced… Read more »

XE Market Analysis: U.S. Adds More Private Sector Jobs

OVERVIEW Oil prices soar as OPEC ministers reportedly agree to a production cut of around 1 million barrels a day. UK consumer confidence fell more than expected in November.  German retail sales soared 2.4% last month, the sharpest rise in 5 years and more than double market expectations as rising wages and record low borrowing… Read more »

Minister defends Sky Muster NBN performance

Rural Communications minister Fiona Nash has defended the performance of the recently launched Sky Muster NBN satellites, on the same day numerous farming groups launched a united campaign to lobby for improved digital connectivity in regional areas. A group of 15 rural advocacy groups yesterday formed the “Regional, Rural and Remote Communications Coalition” to champion better communications… Read more »

Dalby sale 30 Nov 2016: Biggest yarding in four months

[embedded content] Eastern Rural weekly Dalby video market report from Peter Bird Total yarding 6,187 head  Some good falls of rain Sunday and Monday night, up to 100mm in the local area. Biggest yarding in the last four months. Bullocks and Cows slightly cheaper 5c to 10c balance of categories fully firm on last week’s… Read more »

Let’s look at the harvest so far

So it seems the weather remains favourable for harvest conditions across all major Australian grain belts. Yields continue to be strong and the quality range is surprisingly holding between ASW and APW grades on the east coast. Western Australia remains the exception as they are yet to bin any wheat over 13 per cent protein…. Read more »