Month: January 2017

Top End hay season off to ‘best start in five years’

The above average start to the Top End wet season creates the best hay growing conditions in five years, according to a Katherine based contractor. Source: ABC Beef Cattle Top End hay season off to ‘best start in five years’

CPC ships its first cattle to Indonesia for 2017

The Consolidated Pastoral Company (CPC) has shipped its first load of cattle to Indonesia for 2017. Source: ABC Beef Cattle CPC ships its first cattle to Indonesia for 2017

Queensland demands details on Defence plan to acquire conservation land

About 5,000 hectares of national park in central Queensland that is home to 11 endangered species is facing compulsory acquisition for a military base expansion, State Environment Minister Steven Miles says, adding that he has sought details from the Commonwealth. Source: ABC Beef Cattle Queensland demands details on Defence plan to acquire conservation land

Cattle rot on the streets as Dalits revolt against discrimination

When India’s revered cattle die, it is usually low-caste Dalits who remove the carcasses — but fed-up with being attacked by “cow-protection” vigilantes, they are abandoning the task that has long defined them. Source: ABC Beef Cattle Cattle rot on the streets as Dalits revolt against discrimination

Queensland slams Defence plans for compulsory land acquisition

The Queensland Government condemns Federal Government plans to compulsorily acquire its properties for the expansion of a military base in the region. Source: ABC Beef Cattle Queensland slams Defence plans for compulsory land acquisition

Rain soaks outback cattle station, flooding Georgina River

Lake Nash Station on the Queensland-Northern Territory border welcomes more rain this week, and sees the Georgina River flood. Source: ABC Beef Cattle Rain soaks outback cattle station, flooding Georgina River

NTCA welcomes Adam Giles appointment in key cattle role with Hancock Prospecting

The Northern Territory Cattleman’s Association has welcomed the appointment of former chief minister Adam Giles to a senior role within Gina Rinehart’s family business Hancock Prospecting. Source: ABC Beef Cattle NTCA welcomes Adam Giles appointment in key cattle role with Hancock Prospecting

Chatsworth manager heads south towards family

After managing Chatsworth Station near Boulia for 35 years, John Jones is loading up the horses and heading south. Source: ABC Beef Cattle Chatsworth manager heads south towards family

Key challenges in store for live cattle export industry's 2017

A shortage of productive heifers might signal a difficult year ahead for those operating in the live cattle export sector. Source: ABC Beef Cattle Key challenges in store for live cattle export industry’s 2017

Outback pilots deliver goods to remote communities cut-off by wet

Northern Territory outback aircraft deal with tough weather conditions during food drops and property flyovers as the big wet continues. Source: ABC Beef Cattle Outback pilots deliver goods to remote communities cut-off by wet

Kimberley cattle country soaked by January rains

Cattle stations in the Kimberley region of Western Australia have an extremely wet start to 2017. Source: ABC Beef Cattle Kimberley cattle country soaked by January rains

Political fallout continues over defence land grab in Queensland

Political pressure mounts as the federal government is called to explain its role in defence plans for compulsorily acquiring prime grazing land in Queensland. Source: ABC Beef Cattle Political fallout continues over defence land grab in Queensland

Cattle to face simulated heatwave for study into their welfare

Radio transmitters are inserted into the stomachs of 24 feedlot cattle to monitor their body temperatures, as part of trial investigating the impact of heatwaves on the animals, with an aim to improve their welfare and performance. Source: ABC Beef Cattle Cattle to face simulated heatwave for study into their welfare

Taking a punt on summer cropping

Paddocks full of lush green feed are a rare sight in the Riverina at this time of year. Source: ABC Beef Cattle Taking a punt on summer cropping

Southern growers sign off on a winter crop harvest to remember

The eastern seaboard winter crop harvest has all but wrapped up with harvesters stripping exceptional yields from the last of the crops to come off in south-west Victoria and south-east South Australia. The post Southern growers sign off on a winter crop harvest to remember appeared first on Grain Central. Source: Grain Central Southern… Read more »

GrainCorp and Cargill Australia to sell Allied Mills joint venture

Grain companies GrainCorp and Cargill Australia hope to offload their ownership of Allied Mills, Australia’s largest producer of flour and bakery pre-mixes, to a private equity firm. Source: ABC Grain GrainCorp and Cargill Australia to sell Allied Mills joint venture

Outback hotel builds shearing shed in beer garden

An outback Queensland hotel is embracing the return of sheep to the region by building a shearing shed in the beer garden. Source: ABC Livestock Outback hotel builds shearing shed in beer garden

Pacific Equity Partners buys Allied Mills from GrainCorp, Cargill

GrainCorp Ltd and Cargill Australia have today announced their intention to sell Allied Mills Australia Pty Ltd to Pacific Equity Partners (PEP) for a combined considered value of A$317 million. The post Pacific Equity Partners buys Allied Mills from GrainCorp, Cargill appeared first on Grain Central. Source: Grain Central Pacific Equity Partners buys Allied… Read more »

Agriculture safety campaign

WorkSafe Queensland are running an Agriculture safety campaign to educate people about safety concerns on farms and in agricultural based activities. “Did you know that only 3% of Queenslanders work on farms, but almost 30% of workplace deaths happen on them? Around 13 Queensland agriculture workers die each year as a result of a workplace… Read more »

Sorghum prospects fade for Central Queensland; focus turns to winter crops

Any chance of a significant sorghum planting in Central Queensland (CQ) this season appears to be fading fast as low prices and the failure of summer rains prompt farmers to abandon plans for the summer crop and look ahead to winter crop alternatives. The post Sorghum prospects fade for Central Queensland; focus turns to winter… Read more »

Queensland's LNP, ALP to fight PM over Defence land acquisition

Both sides of Queensland politics unite to pressure the Prime Minister to stop the compulsory acquisition of prime agricultural land for an army training ground expansion. Source: ABC Livestock Queensland’s LNP, ALP to fight PM over Defence land acquisition

South Australia sees jump in Q fever cases

An increase in cases of Q fever in South Australia prompts a reminder about vaccination. Source: ABC Livestock South Australia sees jump in Q fever cases

Solar offers sustainability for Victorian farmer

A Victorian farmer is the latest to invest in solar power for a financially sustainable future for his family. Source: ABC Livestock Solar offers sustainability for Victorian farmer

Combining ag and data careers

Agriculture and the computer sciences offer exceptional prospects for graduates. The post Combining ag and data careers appeared first on Grain Central. Source: Grain Central Combining ag and data careers

More Bass Strait cattle deaths prompt calls for tougher laws

An animal law expert demands an overhaul of Tasmania’s livestock regulations after more cattle die while being shipped across the Bass Strait. Source: ABC Livestock More Bass Strait cattle deaths prompt calls for tougher laws

Local produce being used for Port Lincoln craft beer

Two Port Lincoln beer brewers aim to be as local as possible as they jump on board the popular craft beer train. Source: ABC Grain Local produce being used for Port Lincoln craft beer

XE Market Analysis: Sterling Slides on Brexit Speculation

OVERVIEW Emerging market currencies are under pressure in the week where Donald Trump will officially become the 45th President of the USA. The IMF raised its economic growth forecasts for the U.S. economy this year by 0.1%, and next year by 0.4%, as it expects Trump’s policy plans to boost activity. In an interview with… Read more »

XE Market Analysis: North America – Jan 16, 2017

The pound dove in response to weekend reports that the UK PM May will announce tomorrow that the government will be pursuing a so-called hard Brexit, leaving free access to the single market so as to take full control of the border. Cable hit a three-month low of 1.1987 in the early London AM, and… Read more »

XE Market Analysis: Europe – Jan 16, 2017

Sterling dove on weekend Brexit news, with a speech by PM May scheduled for Tuesday reported by several Sunday newspapers to be the venue where she will make clear that the government will take the UK out of free access of the EU’s single market. Confirmation of a “hard” Brexit in other words, though government… Read more »

Mackay growers miss planting opportunity

There have been mixed results for Queensland rice plantings following heavy rainfall in the north. Source: ABC Grain Mackay growers miss planting opportunity

Wild dog workshops give landholders bait use skills and approval

A wild dog triggering a canid pest ejector in north west NSW. Photo – Grant Davis. SOUTH-WESTERN New South Wales landholders have this week to register for 1080 and Canid Pest Ejector training and wild dog control workshops. Landholders in the Anabranch, Pooncarie, Ivanhoe, Hillston and Balranald areas have until Friday January 20 to register for the one-day… Read more »

International Economic Week in Review: More Positive News, Edition

     There was no central, unifying theme this week.      News from the EU continued in a positive vein.  Industrial production rose a very strong 1.5% M/M and 3.2% Y/Y.  More importantly, the overall level shows an increase beyond its sideways range of the last year: The unemployment rate was stable at 9.8%.  And… Read more »

US Bond Market Week in Review: A Rate Hike is a Lock, Edition

     We had a number of Fed speakers this week.  Philly Fed President Lacker stated, “The economy is displaying considerable strength.”  Regarding the employment situation, he approvingly cited the U3 and U6 levels, the historically low number of layoffs, and the high level of quits as indicators of labor market health.  He also believes inflation… Read more »

US Equity and Economic Review: The Post-Election Rally Fades

       This was a very light news week for the United States.  Most importantly, the Census’ retail sales figures increased .6% M/M and 4.1% Y/Y.  The comparable ex-auto numbers were 3.4%.  The following graph shows both numbers meaningfully increasing in the 2H16:      The BLS released the latest JOLTs data.  On a percentage… Read more »

Second chance for Queensland grains-to-ethanol plant

Australia’s first grains-to-ethanol plant, once under threat of closure, is now hoping to expand its operation in southern Queensland following the introduction of new laws which says ethanol-blended E10 fuel has to make up at least 30 per cent of petrol available for sale. Source: ABC Grain Second chance for Queensland grains-to-ethanol plant

Weekly Indicators: the "Trump election effect" fades edition

Commodity prices bottomed over one year ago. After briefly turning negative, metals have now surged higher since the election. Stock prices S&P 500 Down -0.1% w/w  Stock prices are positive, having made a string of new all-time highs beginning last summer. Regional Fed New Orders Indexes (*indicates report this week)(no reports this week) Empire State… Read more »

PTIC females to $2150 in larger AuctionsPlus offering

This mob of Santa Gertrudis/Angus cows and calves from Glen Innes made $2450 on Friday. The 4-6 year olds were offered station-mated to Angus bulls and had sappy 180kg calves at foot. YOUNG steers and unjoined heifer calves dominated online listings on AuctionsPlus last week, making up 80 percent of the 4674 head offered. Numbers… Read more »

XE Market Analysis: Asia – Jan 13, 2017

FX trade was relatively quiet in N.Y. on Friday, though the dollar did perk up marginally, leaving the USD index at 101.30 into the close. Decent retail sales and in-line PPI data helped USD sentiment, though ahead of a long U.S. weekend, the rally petered out early. EUR-UD topped at 1.0675 before falling to 1.0597… Read more »

XE Market Analysis: North America – Jan 13, 2017

The dollar traded softer, but has remained comfortably above the post-Trump press conference lows. USD-JPY has ebbed to the upper 114s after failing to sustain gains above 115.00, but remains over a big figure up on yesterday’s one-month low at 113.75. EUR-USD has firmed up to the mid 1.06s after logging an intraday low in… Read more »

XE Market Analysis: Europe – Jan 13, 2017

The dollar is trading softer into the London open, but remains comfortably above the post-Trump press conference lows. USD-JPY has ebbed to the upper 114s after failing to sustain gains above 115.00, but remains over a big figure up on yesterday’s one-month low at 113.75. EUR-USD has firmed up to around 1.0630 after logging an… Read more »

Early new year rise in imported beef prices in US

IMPORTED grinding beef prices have risen in the US this week, largely in response to very tight supply following declining kills in Australia and New Zealand in December, and normal Christmas holiday seasonal closures. The market for imported 90CL blended cow beef was quoted on Wednesday at US195-200c/lb, up US10c from the previous week and… Read more »

Bedtime video story tells tale of canola seed

From seed to ship: Bedtime canola story tells the tale of a little seed’s journey Source: ABC Grain Bedtime video story tells tale of canola seed

Recruitment: Dealing with employee turnover – How to ‘stop the hop’

Latest listings on Jobs Central recruitment page: Station manager – Cooinbil, Riverina (Paraway Pastoral Co) Agricultural Economist (Minderoo) Farm Supervisor/Manager – Wylarah (AA Co) Project Coordinator – NLIS (MLA) Station Manager – Balquhidder (Cygnet Park Group) Station Hand / Couple (Stockport Pastoral Co) Livestock Analyst (Rimfire Resources client) Head Stockman – Hughenden district (Dunluce Grazing)… Read more »

Farmers, communities reap bumper harvest rewards

Despite low prices and high rates of grain storage, analysts say farmers and regional economies are already benefitting from this season’s bumper harvest. Source: ABC Grain Farmers, communities reap bumper harvest rewards

Recruitment: Dealing with employee turnover – How to ‘stop the hop’

Latest listings on Jobs Central recruitment page: Station manager – Cooinbil, Riverina (Paraway Pastoral Co) Agricultural Economist (Minderoo) Farm Supervisor/Manager – Wylarah (AA Co) Station Manager – Balquhidder (Cygnet Park Group) Station Hand / Couple (Stockport Pastoral Co) Livestock Analyst (Rimfire Resources client) Head Stockman – Hughenden district (Dunluce Grazing) Head Stockperson – Gulf region… Read more »

XE Market Analysis: Asia – Jan 12, 2017

The dollar remained under pressure at the N.Y. open on Thursday, though despite sharp early Wall Street losses, managed to put in a bit of a recovery through the session. Firmer export prices and softer import prices, along with a smaller than expected rise in jobless claims had little overall market impact. EUR-USD opened at… Read more »

Recruitment: Dealing with employee turnover – How to ‘stop the hop’

Latest listings on Jobs Central recruitment page: Station manager – Cooinbil, Riverina (Paraway Pastoral Co) Agricultural Economist (Minderoo) Farm Supervisor/Manager – Wylarah (AA Co) Station Manager – Balquhidder (Cygnet Park Group) Station Hand / Couple (Stockport Pastoral Co) Assistant Farm Manager (Cunningham Cattle Co) Livestock Analyst (Rimfire Resources client) Head Stockman – Hughenden district (Dunluce… Read more »

Dubbo sale 12 Jan 2016: Hot conditions curb opening yarding

Numbers were up considerably compared to the first sale for 2017 which only produced 460 cattle. Almost all of the cattle were sourced from local districts with the very hot conditions throughout the week making it almost impossible for the far western people to contemplate stock work. There was one large consignment from the Coonamble… Read more »

Foot-and-mouth disease – what are the chances?

Hopefully we will never see an outbreak of foot and mouth disease (FMD) in Australia in our life time. That is, after all, the aim of our quarantine and on-farm biosecurity protocols. We have had a number of emergency animal diseases (EAD) in this country over the past 40 years, including equine influenza in 2007,… Read more »

XE Market Analysis: Trump Talk Dents Dollar

OVERVIEW Markets are still reacting to Donald Trump’s press conference yesterday, where he failed to provide any detail on his plans to boost the economy. The German economy grew 1.9% last year, the fastest pace of expansion in 5 years as private spending rose alongside higher wages and government spending. Eurozone industrial output surged 1.5%… Read more »

Farm deaths in 2016 more than double mining & construction

RESEARCH by the Australian Centre for Agricultural Health and Safety based on media coverage from 2016 indicates there were 63 on-farm injury deaths throughout Australia last year. The main causes were tractors (9), other farm machinery (9) and quad bikes (6). These three factors accounted for almost 40 per cent of all cases. (Click on… Read more »

XE Market Analysis: North America – Jan 12, 2017

The Trump-deflation trade took the place of the Trumpflation trade. The dollar extended declines that were seen after Trump’s press conference yesterday amid a lowering in expectations for accelerated growth after the president elect failed to deliver details on fiscal or infrastructure plans while displaying a zeal for trade protectionism. The buck was off its… Read more »

XE Market Analysis: Europe – Jan 12, 2017

Dollar weakness has been the predominant theme so far today after president-elect Trump failed to deliver any fresh insights on his fiscal plans in yesterday’s press conference. This was a prompt for the dollar to further correct gains seen during last November-December’s Trumpflation trade. USD-JPY ebbed to one-month lows under 114.20, putting in some more… Read more »

NSW winter harvest is the biggest one ever

The New South Wales winter harvest for 2016/2017 will be the biggest one ever. Source: ABC Grain NSW winter harvest is the biggest one ever

Strong start to western VIC weaner sales + pictures

WESTERN Victoria’s feature beef weaner sales have started strongly this week, with solid competition from processors, bullock finishers, interstate buyers and district restockers. Initial sales at Hamilton in Victoria’s Western District have lifted producer returns by $200-$300 a head above 2016 prices for young Angus steers, with many drafts averaging heavier than last year, up… Read more »

AWEX wool price indicator hits 5.5 year high on supply concerns

AUSTRALIA’S main wool price indicator hit a 5.5-year high yesterday as demand spiked due to supply concerns among major buyers. The Australian Wool Exchange has reported that its Eastern Market Indicator reached 1413 cents on Wednesday, with the trade reporting strong demand from China, Europe and India for quality Merino wools. Australian Wool Network auctioneer… Read more »

Farm deaths in 2016 more than double mining and construction combined

RESEARCH by the Australian Centre for Agricultural Health and Safety based on media coverage from 2016 indicates there were 63 on-farm injury deaths throughout Australia last year. The main causes were tractors (9), other farm machinery (9) and quad bikes (6). These three factors accounted for almost 40 per cent of all cases. (Click on… Read more »

New MLA lamb ad steaks another claim on diversity and without a vegan joke

[embedded content]EVERYONE is again invited to an Aussie barbecue in Meat & Livestock Australia’s latest lamb campaign leading up to Australia Day. In an extension of the diversity theme of the preceding spring campaign, but noticeably not referring to January 26 as Australia Day, the new TV and online commercial features actors representing the ethnic… Read more »

Wellard readies for China livex trade with VIC quarantine facility purchase

LIVE cattle exporter Wellard has finalised the $2.5 million purchase of a south-west Victorian property for development of its first company-owned pre-export quarantine facility in southern Australia. Wellard’s South East Asia general manager Bernie Brosnan said the 340ha Clonlee property, south-west of Hamilton near Condah, is only 60km from the port of Portland. The property… Read more »

2017 tariff adjustments provide further export impetus for Australia

While Australian beef continues to struggle for competitiveness in international markets due to high cattle prices, shortage of slaughter stock and cost-to-operate in the processing sector, some further relief is being experienced in the latest round of tariff adjustments in key export customer countries. January 1 signalled another cycle of annual tariff and quota relaxations… Read more »

ACCC needs more teeth to ensure market transparency: ABA

The Australian Beef Association is calling for the Federal Government to give the ACCC’s Agricultural Enforcement and Engagement Unit greater powers to conduct industry investigations. ABA executive officer David Byard said the ACCC was forced to rely on a 10-year-old data when it conducted its recent Australian cattle and beef market study, because it did not have… Read more »

XE Market Analysis: Asia – Jan 11, 2017

The dollar and Wall Street were bid up ahead of the Trump press conference, though volatility spiked up as the president-elect spoke, resulting in stocks and yields diving, and the dollar turning sharply lower as profit taking set in. Trump’s comments on curbing drug prices and military spending got the ball rolling, taking major equity… Read more »

MLA’s new lamb ad embraces generations of boat people, and vegans too

[embedded content] Meat & Livestock Australia (MLA) has today launched its latest lamb marketing campaign which puts lamb at the forefront of celebrating modern Australia and who we are as a nation. The campaign features a cast of Australians from all walks of life coming together over a lamb barbecue, highlighting Australia’s universal love of… Read more »

XE Market Analysis: Turkish Lira's Losses Accelerate

OVERVIEW Major FX is relatively steady while some emerging market currencies are significant under-performers as we await Donald Trump’s press conference at 11:00ET. UK industrial and manufacturing production both rose more than expected in November, adding to signs that growth momentum continued in the fourth quarter. Despite UK exports hitting an all-time high in November,… Read more »

XE Market Analysis: North America – Jan 11, 2017

The dollar picked up bids during the European AM as markets factored in the chance that U.S. president-elect Trump will reignite the “Trumpflation” rally. EUR-USD sank to the low 1.05s, posting a two-session low at 1.0513, while USD-JPY lifted to a two-session high at 116.46. The Australian and NZ dollars outperformed, AUD-USD clocking a one-month… Read more »

XE Market Analysis: Europe – Jan 11, 2017

Forex markets have been hunkering down ahead of the U.S. president-elect Trump’s press conference, his first since the election, scheduled later on Wednesday, looking for some clarity on the political and fiscal agendas of the incoming administration. USD-JPY has settled around 116.00, above last week’s one-month low at 115.07, and below the pre-Christmas trend high… Read more »

Summer crops sizzle as heatwave hits eastern Australia

HEATWAVE conditions sweeping across eastern Australia are forecast to continue for several days, with widespread temperatures in the low to mid-40s sapping moisture from already dry summer cropping fields. (Click on map to enlarge) Temperatures well above average for southern Queensland and northern NSW have triggered Severe to Extreme Heatwave conditions on the Bureau of… Read more »

Australia looks to put China snail concerns to rest

An invitation to visit Western Australia’s agricultural region has been extended to a Chinese quarantine agency. Source: ABC Grain Australia looks to put China snail concerns to rest

First Australian Beef Sustainability Framework released for public comment

A new website launched today will enable industry and community stakeholders to provide their feedback on the draft Australian Beef Sustainability Framework. What is sustainable beef production in Australia? For the first time, that question now has a clearly defined answer. After 12 months of work, including wide-ranging consultation with industry and the broader community,… Read more »

Weekly rainfall wrap + 14 day outlook, 11 Jan 2017

Today’s 14-day rainfall outlook – scroll to bottom of article Rainfall was recorded across all of northern Australia – from the Pilbara and the central interior of Western Australia, in much of the Northern Territory; also in the central west, northern and the central coast of Queensland. Rainfall was also recorded in the southern, central… Read more »

Near-record grain volumes recorded at silos in eastern Australia

A bulk grain handler receives a near-record volume of grain this year from New South Wales, Victorian and Queensland farmers, despite flooding and extended wet conditions across much of the south-east. Source: ABC Grain Near-record grain volumes recorded at silos in eastern Australia

XE Market Analysis: Asia – Jan 10, 2017

The dollar meandered inside of recent ranges through the N.Y. session on Tuesday, with the unit mixed overall. Aside from wholesale data, which were ignored, the calendar was bare. Wall Street managed modest gains, while yields slipped some. President-elect Trump’s Wednesday press conference could be of some market interest, depending on how much detail The… Read more »

Review of Australia’s biosecurity arrangements seeks stakeholder comment

Stakeholders have until the end of February to comment on a draft report prepared by an independent review committee on Australia’s biosecurity arrangements, including the Intergovernmental Agreement on Biosecurity. The review, supported by Commonwealth, state and territory governments, was launched last March by agriculture minister Barnaby Joyce. The review is being led by a three-person… Read more »

NVLX Wodonga 10 Jan 2017: Price spikes for young and export categories

Bidding at NVLX Wodonga was stronger in a larger yarding of 1705. Price spikes of 8-21c/kg were recorded for various grades of young cattle and export categories. The market gathered pace when major export processors were forced to show their hands through way of what rates they could deliver. Bullocks 600kg plus surged 18c, while… Read more »

XE Market Analysis: Turkish Lira Hits Fresh Record Lows

OVERVIEW Markets are generally subdued amid a lack of significant economic data as investors await the President-elect’s press conference tomorrow. Chinese consumer price inflation slowed to 2.1% in December, but producer prices surged at their fastest pace in 5 years as the price of coal and other raw material jump.  The British Retail Consortium reported… Read more »

Forecast for H1 of 2017: positive strength

At the outset of every year I lay out a forecast for each half.  My method of forecasting is pretty simple — in fact by now it is boilerplate.  I start each forecast each year the same way. My method is so simple, I call it the K.I.S.S. method. Even though the Index of Leading… Read more »

Competitor watch: India’s growth in carabeef likely to continue in 2017

THE US Department of Agriculture estimates India’s cattle and water buffalo population in 2017 at around 303 million head, more than 12 times the size of Australia’s cattle population. Indian buffalo meat in an Asian wet market Indian carabeef and beef production is forecast to increase by around 2.3 percent this year to 4.4 million… Read more »

Weekly rainfall wrap + 14 day outlook, 11 Jan 2016

Today’s 14-day rainfall outlook – scroll to bottom of article Rainfall was recorded across all of northern Australia – from the Pilbara and the central interior of Western Australia, in much of the Northern Territory; also in the central west, northern and the central coast of Queensland. Rainfall was also recorded in the southern, central… Read more »

XE Market Analysis: North America – Jan 10, 2017

The dollar reached the early European PM session with little substantial net change versus the other major currencies, having recouped most of losses seen during the Asian session. EUR-USD settled around 1.0580 after clawing out a 12-day peak at 1.0627 in Asia. USD-JPY recouped to the upper 115s after logging a two-session low of 115.19… Read more »

XE Market Analysis: Europe – Jan 10, 2017

The dollar has traded steady-to-softer, losing moderately versus the euro and yen, but gaining versus a still-underperforming sterling. USD-JPY logged a two-session low of 115.19 as Tokyo markets returned to the fray following a long weekend in Japan. The conjecture in the market is that higher oil prices and recent weakness in the yen have… Read more »

Cotton on track for second highest production year

THE Australian cotton industry is heading towards the second biggest production year on record with potential for a 4.5-million-bale crop when harvest rolls around in April/May. This season’s crop is below the largest national crop in 2012 when 5.3 million bales were picked, but is likely to top the following year’s production that went 4.4… Read more »

Kay’s Cuts: 2017 shapes as a ‘protein blockbuster’ year for US

A monthly column written exclusively for Beef Central by Steve Kay, publisher of US Cattle Buyers Weekly THE new 2017 year looks like being a blockbuster of a year for the US meat and livestock industry. Three years of herd rebuilding means domestic beef production will increase again this year from last, after a surge… Read more »

Investment in oats, offshore interests feature in CBH results

COOPERATIVE Bulk Handling Ltd (CBH Group) on Monday reported results for the year ended 30 September 2016, which included business investment in Australian oat processing, flour milling in Indonesia and The Philippines, and barley malting in Vietnam. In Australia, the Blue Lake Milling oat business CBH purchased in July 2015 will expand its processing capacity,… Read more »

CBH delivers record rebate to West Australian grain growers

Western Australia’s main grain handler and Australia’s largest exporter of grain, the CBH Group, will spend a record $62.7 million on rebates to WA farmers. Source: ABC Grain CBH delivers record rebate to West Australian grain growers

Weekly kill: New year slaughter pricing trends yet to emerge

IT may be some weeks yet before clear trends start to emerge in new season slaughter cattle pricing across Eastern Australia. With many export beef plants across Queensland, NSW and Victoria only just getting back to work this week after the Christmas/New Year break, most grid prices are little changed from rates seen in late… Read more »

Review of Australia’s biosecurity arrangements seeks stakeholder comment

Stakeholders have until the end of February to comment on a draft report prepared by an independent review committee on Australia’s biosecurity arrangements, including the Intergovernmental Agreement on Biosecurity. The review, supported by Commonwealth, state and territory governments, was launched last March by agriculture minister Barnaby Joyce. The review is being led by a three-person… Read more »

XE Market Analysis: Asia – Jan 09, 2017

The dollar maintained a softer tone through the N.Y. session on Monday, though traded ranges were relatively narrow overall. Yields dipped, while Wall Street was narrowly mixed, with the DJIA again unable to print the 20k mark. The economic calendar was empty through the morning session. EUR-USD bottomed at 1.0513 early in the session before… Read more »

Why John Taylor — a Leading Candidate to Replace Yellen — Shouldn't Lead the Federal Reserve

From Bloomberg: With just over a year remaining on Janet Yellen’s current term as chair of the Federal Reserve, comments from three of her potential successors at this this weekend’s annual American Economic Association meeting are noteworthy. Glenn Hubbard of Columbia University, along with Stanford University’s John Taylor and Kevin Warsh, are all seen by… Read more »

XE Market Analysis: Pound Slammed After PM Brexit Comments

OVERVIEW German industrial production rose 0.4% versus expectations for a larger 0.7% increase. The trade surplus came in above expectations at €21.7bn, as both imports and exports rose strongly. European unemployment data was released at 9.8%, with concern over Italy unemployment rate hitting an 18-month high of 11.9%. Federal Reserve board member, Eric Rosengren, said… Read more »

McDonald’s sells China operations to local consortium in $1.7b deal

GLOBAL burger giant McDonald’s will sell a controlling interest in its mainland China and Hong Kong business for US$1.7 billion. The buyer is Chinese state-owned conglomerate CITIC, and US private equity firm the Carlyle Group. The deal, for 80 percent of McDonald’s China operations, gives CITIC and Carlyle franchise rights for 20 years. CITIC and… Read more »

Wagga 9 Jan 2016: Mixed trends in first sale of 2017

The first sale of 2017 at Wagga produced mixed price trends in a yarding of 3,200. Light weight store cattle rates softened due to fewer restocking orders in place. Light weight straight bred weaner steers, 200-280kg returning to the paddock made from 320c to 396c/kg. Plain-quality steers sold down to 318c, while the better conditioned… Read more »

Drought assistance available through RACQ fund

Queensland community organisations impacted by drought have been encouraged to apply for funding from the RACQ Foundation to help groups get back up and running. RACQ Foundation spokesperson Renee Smith said the drought had devastating effects on many organisations’ ability to deliver critical services to regional communities. “With more than 80 percent of the state… Read more »