Month: March 2017

XE Market Analysis: North America – Mar 31, 2017

The dollar remained bid, despite the latest protestations from the Trump camp on forex levels, with the greenback logging 16-day highs versus the euro and a 10-day peak against the yen. The buck also firmed against the pound, which ebbed following the European Council’s publication of its draft guidelines on Brexit negotiations, which will be… Read more »

XE Market Analysis: Europe – Mar 31, 2017

The dollar remained bid, rising to fresh highs versus the yen and other currencies, despite the latest protestations from team Trump on the forex front. EUR-USD fell into 16-day low terrain under 1.0675, while USD-JPY rallied to a 10-day peak of 112.20. Source: XE news feed XE Market Analysis: Europe – Mar 31, 2017

CBH Group chief executive Andy Crane announces departure

Andy Crane announces he will step down as CBH Group chief executive after eight years at the helm of the grain handling cooperative. Source: ABC Grain CBH Group chief executive Andy Crane announces departure

Late starters come out on top in mediocre mungbean season

Late-sown mungbean crops have been the only shining light in a season to forget for most mungbean growers in the northern cropping zone this year. The post Late starters come out on top in mediocre mungbean season appeared first on Grain Central. Source: Grain Central Late starters come out on top in mediocre mungbean… Read more »

ACCC flags concern over proposed acquisition of InterGrain by AGT

The Australian Competition and Consumer Commission (ACCC) has expressed initial concerns about the proposed acquisition of InterGrain Pty Ltd by Australian Grain Technologies Pty Ltd. The post ACCC flags concern over proposed acquisition of InterGrain by AGT appeared first on Grain Central. Source: Grain Central ACCC flags concern over proposed acquisition of InterGrain by… Read more »

Sheep shearers disqualified, fined upto $3500 on cruelty charges

FOUR shearers who pleaded guilty to animal cruelty charges were disqualified from owning or being in charge of sheep for one to two years and fined $1000-$3500 in the Horsham Magistrates Court today. The post Sheep shearers disqualified, fined upto $3500 on cruelty charges appeared first on Sheep Central. Source: Sheep Central Sheep shearers… Read more »

Corporate profits bounce back (in Q4 2016!)

One of the established long leading indicators is corporate profits.  But it is reported with a very long lag.  That’s why in January, when I made my long range forecast for 2017, I used the less leading but generally reliable “proprietors income” as a proxy. Source: XE news feed Corporate profits bounce back (in… Read more »

NT Cattlemens’ Association conference kicks off in Darwin

A few years ago the-then NT Cattlemens Association President David Warriner told the association’s annual conference that sustained prices of 300c/kg were needed to maintain the viability of grassfed cattle production in northern Australia. As we now know, that wish was soon delivered, with prices hitting 385c last year. The post NT Cattlemens’ Association conference… Read more »

Short-term disruptions, but positive impact ahead as Cyclone Debbie departs

Ex-Tropical Cyclone Debbie yesterday tracked slowly over QLD’s southeast corner, and moved out to sea overnight. Localised flooding persists today, and there have been some substantial disruptions to beef processing operations from Mackay to the NSW border. But the moisture will also benefit cattle producers. The post Short-term disruptions, but positive impact ahead as Cyclone… Read more »

Court orders Govt to provide documents essential to livex legal challenge

THE Federal Court in Sydney this morning made an order that former Labor agriculture minister Joe Ludwig and the Commonwealth must provide ministerial documents relating to his decision to ban live exports to Indonesia in June 2011. The order by Federal Court judge Justice Rares came after an 18-month battle by industry to obtain the… Read more »

XE Market Analysis: Asia – Mar 30, 2017

The dollar started the day on a stronger footing, getting a boost overall from an upgraded U.S. Q4 GDP revision. Stocks and yields moved higher, supportive of the greenback as well. Later, the dollar fell across the board, as CNBC reported that the Trump administration is assessing ways to penalize currency manipulators. Better risk taking… Read more »

Recruitment: How do I separate two outstanding candidates for one role?

In agriculture, it can sometimes be hard to find just one star prospect for a job vacancy, let alone two or more. But what to do when you are faced with a tough decision of choosing between two equally well-qualified, seemingly great candidates? Here’s some useful suggestions. The post Recruitment: How do I separate two… Read more »

Call for five-star safety rating system for quad bikes

The National Farmers’ Federation (NFF) and the Rural Doctors Association of Australia (RDAA) are calling for a five-star safety rating system for quad bikes following a spate of incidents this year. The post Call for five-star safety rating system for quad bikes appeared first on Grain Central. Source: Grain Central Call for five-star safety… Read more »

Diesel fuel prices find level of stability around 130c in regional areas

Diesel fuel prices have found an unusual level of stability across regional and rural areas of Australia since January, after experiencing sharp rises during the final three months of 2016. The post Diesel fuel prices find level of stability around 130c in regional areas appeared first on Beef Central. Source: Beef Central Diesel fuel… Read more »

XE Market Analysis: Euro Dips on ECB and Inflation Data

OVERVIEW Economic sentiment in the Eurozone dipped very marginally in March against the forecast for a slight rise. Consumer confidence was unchanged as expected but inflation expectations surged to its highest reading since 2013. Spanish inflation cooled sharply in March slowing from an annual rate of 3% in February to 2.1%.  Chicago Fed President, Charles… Read more »

XE Market Analysis: North America – Mar 30, 2017

The dollar saw fresh highs versus the euro, which remained under general pressure, and remained generally underpinned against most other currencies. EUR-USD clocked a 10-day low at 1.0730. A combo of ECB-speak and Eurozone data maintained pressure on the common currency. USD-JPY clocked a six-day high at 111.42 during the Tokyo session before seeing choppy… Read more »

Seasonal climate outlook April-June 2017 + VIDEO

April is likely to be drier than average in the central, south and southwest of Australia, but wetter for eastern NSW, southeast Queensland and far northern Australia. The post Seasonal climate outlook April-June 2017 + VIDEO appeared first on Sheep Central. Source: Sheep Central Seasonal climate outlook April-June 2017 + VIDEO

Seasonal climate outlook April-June 2017

April is likely to be drier than average in the central, south and southwest of Australia, but wetter for eastern NSW, southeast Queensland and far northern Australia. The post Seasonal climate outlook April-June 2017 appeared first on Beef Central. Source: Beef Central Seasonal climate outlook April-June 2017

XE Market Analysis: Europe – Mar 30, 2017

The dollar has continued to hold up, trading at or near one-week-plus highs versus the other major currencies. USD-JPY earlier clocked a six-day high at 111.42, since ebbing back toward 111.00. EUR-USD has remained heavy, coming within a pip of yesterday’s 10-day low at 1.0740, which was seen after a Reuters report suggested that the… Read more »

South Australia loses good bloke and great stock agent Gary Nowlan

A GOOD bloke and great auctioneer has been lost to Australian agriculture with the passing of former Elders stock agent Gary Nowlan in Adelaide last Saturday. The post South Australia loses good bloke and great stock agent Gary Nowlan appeared first on Sheep Central. Source: Sheep Central South Australia loses good bloke and great… Read more »

Dubbo 30 March 2017: Prices lift in bigger yarding

There was also a much better selection of young cattle suitable for the restockers as growers take advantage of the stronger markets. The post Dubbo 30 March 2017: Prices lift in bigger yarding appeared first on Beef Central. Source: Beef Central Dubbo 30 March 2017: Prices lift in bigger yarding

Productivity report calls for scrapping of GM ban, cuts to ag regulation

The Productivity Commission’s final report into regulation in agriculture released this week has called on the NSW, South Australian, Tasmanian and ACT Governments to remove their moratoria on genetically modified (GM) crops. The post Productivity report calls for scrapping of GM ban, cuts to ag regulation appeared first on Grain Central. Source: Grain Central … Read more »

Subsidised sheep and goat electronic tag sales increase with new ordering service

ELECTRONIC sheep and goat ear tag sales have increased in Victoria with the introduction of a new protocol enabling rural distributors to order tags through the State Government’s online service. The post Subsidised sheep and goat electronic tag sales increase with new ordering service appeared first on Sheep Central. Source: Sheep Central Subsidised sheep… Read more »

Senate inquiry report into red meat processing extended until June

The Senate inquiry into the effect of market consolidation on the red-meat-marketing sector has been granted an extension to June, so the committee can conduct more hearings. The post Senate inquiry report into red meat processing extended until June appeared first on Beef Central. Source: Beef Central Senate inquiry report into red meat processing… Read more »

Loxton livestock market closes after 110 years of sales

Riverland locals young and old reminisce as the curtain closes on the Loxton livestock market after around 110 years of sales. Source: ABC Livestock Loxton livestock market closes after 110 years of sales

NSW branded beef program’s China focus leads to business with online retail giant

Years of hard work in establishing a foothold in the sometimes challenging China beef market has paid off for a progressive family-scale branded beef supply chain based in NSW. The Mackenzie family’s Macka’s Australian Black Angus Beef business recently hosted a visit by customers of China’s huge Alibaba online retail platform. The post NSW branded… Read more »

Awareness project aims to fill employment gaps in processing industry

With more than 100 career paths to choose from and the growing need to plan human resources to keep the $23 billion red meat processing industry sustainable, the Australian Meat Processor Corporation has launched an awareness campaign designed to attract staff to the sector. The post Awareness project aims to fill employment gaps in processing… Read more »

Government loans for cyclone affected farmers

Loans will be made available to cyclone-affected farmers, while continuing wet weather prevents them from assessing damage to their properties. Source: ABC Beef Cattle Government loans for cyclone affected farmers

Top Japanese chefs get a taste of Australia

Twenty of Japan’s up-and-coming chefs are visiting Australia this week to sample the best of the country’s premium food and beverages, including beef. The post Top Japanese chefs get a taste of Australia appeared first on Beef Central. Source: Beef Central Top Japanese chefs get a taste of Australia

Australian bat population facing threat from white-nose syndrome

Australia’s cave-dwelling bat population could be seriously affected if the fast-spreading white-nose syndrome is unwittingly introduced. Source: ABC Livestock Australian bat population facing threat from white-nose syndrome

XE Market Analysis: Asia – Mar 29, 2017

The dollar was relatively steady through the N.Y. session on Wednesday, trading on either side of 1.0750 against the euro, after slipping from over 1.0780 at the open, and on either side of 111.00 versu the yen. Risk taking levels were mixed, as yields dipped, and Wall Street underperformed. Cable was choppy after the official… Read more »

Technology: How to keep your mobile phone connected when the network is down

How can we let people communicate using their mobile phones, when the phone network isn’t available? Flinders University’s Dr Paul Gardner-Stephen has spent the past seven years designing low-cost devices and free software to try to solve this problem. The post Technology: How to keep your mobile phone connected when the network is down appeared… Read more »

XE Market Analysis: British Pound Stable as Article 50 Triggered

OVERVIEW A source at the ECB said that March’s message of reducing their stimulus was “way over-interpreted”.  Ian McCafferty from the BoE played down suggestions that he would follow Kristen Forbes lead and start voting for a rate hike. UK consumer borrowing slowed less than expected in February, rising £1.44bn versus forecasts of £1.3bn. The… Read more »

XE Market Analysis: North America – Mar 29, 2017

Sterling largely took the signing of the official Brexit divorce papers in stride, moving modestly higher against both the dollar and the euro. Elsewhere, mostly steady equity markets in the U.S. and Europe, along with sideways action in sovereign yields, has seen the dollar flatten out as well. The U.S. economic calendar is light today,… Read more »

Producers to get grassroots funding insights at Adelaide forum

The head of Australia’s biggest crowd-funder will share finance insights with farmers and graziers at a national Farming Together forum being held in Adelaide in June. Increasingly, primary producers engaged with the Farming Together program are looking for clever ways to access investment and capital. The post Producers to get grassroots funding insights at Adelaide… Read more »

XE Market Analysis: Europe – Mar 29, 2017

It’s D-day for Brexit and the pound is down, showing an average 0.4% loss versus the G3 currencies heading into the London interbank open. There is an awful lot of water to pass under the bridge over the next two years, which is the minimum time for negotiations following today’s expected long-awaited triggering of Article… Read more »

Restocker indicator surges again on rain

Recent rain has triggered a renewed rally in restocker buying interest. The post Restocker indicator surges again on rain appeared first on Beef Central. Source: Beef Central Restocker indicator surges again on rain

Productivity Commission says Australia needs a national animal welfare agency

The Productivity Commission has been accused of ignoring significant industry and Government efforts to achieve world-leading animal welfare standards in Australian agriculture, and favouring skewed welfare group policies to solve problems that don’t actually exist. The post Productivity Commission says Australia needs a national animal welfare agency appeared first on Beef Central. Source: Beef… Read more »

PETA ups ante on shearer sheep cruelty cases

ANIMAL rights body PETA has linked sheep shearing with drugs on a large roadside billboard in the western Victorian city of Horsham, as four shearers are about to be sentenced over 60 animal cruelty charges. The post PETA ups ante on shearer sheep cruelty cases appeared first on Sheep Central. Source: Sheep Central PETA… Read more »

Weekly rainfall wrap + 14 day outlook, 29 Mar 2017

A number of upper-level troughs triggered thunderstorm activity across most of Queensland, as well as northern and eastern New South Wales, with moderate to locally heavy falls reported in some areas. The post Weekly rainfall wrap + 14 day outlook, 29 Mar 2017 appeared first on Beef Central. Source: Beef Central Weekly rainfall wrap… Read more »

XE Market Analysis: Asia – Mar 28, 2017

The dollar started out on a mostly steady footing in N.Y. on Tuesday, though made advances later in the session, as the latest consumer confidence report was way higher than forecast. This resulted in rising yields, rising stocks, and a rising dollar. In addition, House Speaker Ryan made encouraging statements on his conference’s ability to… Read more »

Roma store 28 March 2017: Solid to dearer market for 5865

Onlookers were plenty, due to a conference to combat the Pimelea weed today at the Roma Store Sale where numbers were down 275 to yard 5,865 head. The post Roma store 28 March 2017: Solid to dearer market for 5865 appeared first on Beef Central. Source: Beef Central Roma store 28 March 2017: Solid… Read more »

XE Market Analysis: Rate Hike Focus Steadies Greenback

OVERVIEW A German chamber of commerce survey found almost half of the 1,300 firms surveyed expect Brexit to have a negative impact on trade. Exports to the UK have already begun falling. US consumer confidence surged to 125.6 in March, its highest reading in 16 years. US house prices rose at an annualized pace of… Read more »

NVLX Wodonga 28 March 2017: Heavy rain has instant impact on prices

Heavy rain across much of NSW and Victoria had an immediate effect on prices at NVLX Wodonga on Tuesday, in a slightly smaller yarding of just under 1400. The post NVLX Wodonga 28 March 2017: Heavy rain has instant impact on prices appeared first on Beef Central. Source: Beef Central NVLX Wodonga 28 March… Read more »

Robb to address sold-out NT Cattlemens conference

Agricultural economist and former Federal Government trade minister Andrew Robb will present his view of the the challenges and opportunities for increasing beef exports into Asia, particularly China, at the NT Cattlemen’s Association annual conference starting on Friday. The post Robb to address sold-out NT Cattlemens conference appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: North America – Mar 28, 2017

The dollar and other major currencies traded in relatively narrow ranges. The unwinding of the “Trumpflation” trade came to a pause, reflected by a calm trading in stock markets and the dollar. EUR-USD settled in the mid 1.080s after yesterday failing to sustain gains above 1.0900. USD-JPY lodged itself in the mid 110.0s after clocking… Read more »

Weekly genetics review: Gender equality being seen in seedstock industry

While bulls have long been the main provider of genetic power, embryo transfer is just one tool which has lifted the influence of the female side of the pedigree equation, and provided the opportunity for some studs to sell more quality females as part of their marketing strategy. The post Weekly genetics review: Gender equality… Read more »

New online Education Centre offers range of genetics tools and resources

Angus Australia has launched a new online information resource for seedstock producers and other stakeholders with an interest in genetics and reproduction. The post New online Education Centre offers range of genetics tools and resources appeared first on Beef Central. Source: Beef Central New online Education Centre offers range of genetics tools and resources

XE Market Analysis: Europe – Mar 28, 2017

The dollar and Wall Street regained some composure after the storm caused by the Trump administrations to achieve promised health care reforms. USD-JPY has found a footing after clocking a four-month low at 110.11 yesterday, which completed a run of eight down days out of the last nine sessions. EUR-USD has settled in the mid… Read more »

Warwick Show Celebrates 150 Years

This year marked 150 Years of the Warwick Agricultural Show 24th, 25th, 26th March 2017. The Governor General Sir Peter Cosgrove officially opened the 150th Show on Friday Night. Riverina Australia has been involved in sponsorship of the show for many years going back to the days of Warwick Stockfeeds & Bonza Stock Feeds. This… Read more »

Motorbikes deliver meat and ready meals throughout Asian cities

Entrepreneurs with motorbikes deliver meat, wine, and ready meals to the door in Asian cities, creating opportunities for Australian meat exporters. Source: ABC Beef Cattle Motorbikes deliver meat and ready meals throughout Asian cities

Debbie on track to deliver rain to eastern Qld, NSW

Severe Tropical Cyclone Debbie was making landfall along the North Queensland coast between Bowen and Proserpine this afternoon as today’s Beef Central news email was being published. The post Debbie on track to deliver rain to eastern Qld, NSW appeared first on Beef Central. Source: Beef Central Debbie on track to deliver rain to… Read more »

China’s relaxation on Brazilian imports eases mood

Despite China and several other large importing countries dropping suspensions on Brazilian meat imports on Sunday, Brazil still faces some short-term difficulties in export and domestic markets as a result of its Government investigation into corruption in the meat inspection system. The post China’s relaxation on Brazilian imports eases mood appeared first on Beef Central. … Read more »

MLA report says fast-tracking OCM worth $420m, AMPC says more study needed

An independent report has found a $420 million per annum potential benefit to the Australian red meat industry from the full adoption of objective measurement technology. The post MLA report says fast-tracking OCM worth $420m, AMPC says more study needed appeared first on Beef Central. Source: Beef Central MLA report says fast-tracking OCM worth… Read more »

Third tractor incident in a week claims another life

WorkSafe Victoria is calling on all workplaces to prioritise safety following the death of three workers in separate incidents in the State all involving tractors. The post Third tractor incident in a week claims another life appeared first on Grain Central. Source: Grain Central Third tractor incident in a week claims another life

Gina Rinehart urges lower taxes and more technology in ag sector

Australia’s richest person, Gina Rinehart, speaks at length about her agricultural business’s focus on technology and innovation. Source: ABC Beef Cattle Gina Rinehart urges lower taxes and more technology in ag sector

Indian abattoir crackdown could impact buffalo meat exports

Indian buffalo meat exports to Indonesia could be impacted in coming weeks, after a newly elected Hindu Government began cracking down on slaughterhouses in India’s biggest buffalo meat processing state. The post Indian abattoir crackdown could impact buffalo meat exports appeared first on Beef Central. Source: Beef Central Indian abattoir crackdown could impact buffalo… Read more »

Wagga sale 27 March 2017: Numbers drop, prices rise 10-50c/kg

Weaner steer prices hit their highest level in three months on the back of widespread rain. The post Wagga sale 27 March 2017: Numbers drop, prices rise 10-50c/kg appeared first on Beef Central. Source: Beef Central Wagga sale 27 March 2017: Numbers drop, prices rise 10-50c/kg

XE Market Analysis: Asia – Mar 27, 2017

The dollar added to overnight losses in N.Y. morning trade on Monday, though perked up some after the London close, as Wall Street recovered a good chunk of their early losses. USD-JPY bottomed at 110.12, a four month base, before recovering over 110.50. EUR-USD topped at 1.0906, a four month high, then later eased back… Read more »

Younger farmers investing for the future

Younger Australian farmers are the most likely to invest in both their farming businesses and their own skills, according to Commonwealth Bank research released ahead of the Farm World field days in Warragul, Victoria. The post Younger farmers investing for the future appeared first on Grain Central. Source: Grain Central Younger farmers investing for… Read more »

XE Market Analysis: Trump-Care Setback Hammers Dollar

OVERVIEW The US Dollar has slumped to a four-month low against a basket of currencies.  Sterling is strong ahead of Wednesday’s triggering of Article 50. Commodity linked currencies stumble in risk-off trade.  HIGHLIGHT The week starts with risk aversion due to two events: firstly, Trump’s healthcare reform act failed to be passed in Congress and… Read more »

XE Market Analysis: North America – Mar 27, 2017

The dollar logged a four-month-plus low against the yen, a four-week low versus sterling and a three-month-plus low in the case against the euro, in addition to fresh lows against other currencies. The losses reflect a fresh unwinding of the “Trumpflation” trade following the failure of the health care bill late on Friday. S&P 500… Read more »

XE Market Analysis: Europe – Mar 27, 2017

The dollar has been under pressure following the failure of Trump’s healthcare reform bill, which has cast doubt over his ability to push through his other reform bills. USD-JPY has been the biggest mover, with markets demanding the safe haven yen. The pair is showing over a 1% decline, having fallen four-month-plus low of 110.15…. Read more »

Clear timeline needed for China chilled access deal

High quality Wagyu beef is just one of the likely winners out of Friday’s historic announcement over chilled access for Australian beef into China, but a clearly-defined timeline will be critical for the agreement to provide any tangible value for industry. The post Clear timeline needed for China chilled access deal appeared first on Beef… Read more »

Sunnies turn to gold for lucky Queensland growers

In a tough year for summer crops throughout the northern grain belt, a small group of growers lucky enough to be under timely, localised storms on Queensland’s southern Darling Downs have hit the jackpot with their sunflower crops this season. The post Sunnies turn to gold for lucky Queensland growers appeared first on Grain Central. … Read more »

Animal welfare key component in new WA Rangelands Beef brand

Western Australian processor Harvey Beef has partnered with the Kimberley and Pilbara Cattlemens Association in launching a new Rangelands beef brand this week, carrying a strong animal welfare component as part of its brand messaging. The post Animal welfare key component in new WA Rangelands Beef brand appeared first on Beef Central. Source: Beef… Read more »

Wool growers’ Graziers Investment Company enters final stages

WOOL grower-owned Graziers Investment Company Ltd is on track to be wound up this year, with an estimated $20 million in assets to be distributed to shareholders. The post Wool growers’ Graziers Investment Company enters final stages appeared first on Sheep Central. Source: Sheep Central Wool growers’ Graziers Investment Company enters final stages

WA meat processor to brand rangelands beef

A new WA rangelands-branded beef line promises to be hormone and antibiotic free, animal-welfare friendly, and raised on the natural grasses of the north. Source: ABC Beef Cattle WA meat processor to brand rangelands beef

Research into new cattle tick vaccine showing promise

Queensland researchers have identified nine novel antigens for use against cattle ticks. They are now calling for Expressions of Interest to become a licensee for development, registration and commercialisation of a tick vaccine. The post Research into new cattle tick vaccine showing promise appeared first on Beef Central. Source: Beef Central Research into new… Read more »

Champion NZ shearer Rowland Smith has won 21 of 25 finals – what’s next?

CHAMPION New Zealand shearer Rowland Smith is as busy as his country’s Prime Minister – and that’s just in his spare time. The post Champion NZ shearer Rowland Smith has won 21 of 25 finals – what’s next? appeared first on Sheep Central. Source: Sheep Central Champion NZ shearer Rowland Smith has won 21… Read more »

Aglive eNVD goes live for WA sheep producers supplying Wellard plant

WELLARD Limited’s Beaufort River Meats is the first Western Australian meat processor to receive electronic National Vendor Declarations from sheep producers. The post Aglive eNVD goes live for WA sheep producers supplying Wellard plant appeared first on Sheep Central. Source: Sheep Central Aglive eNVD goes live for WA sheep producers supplying Wellard plant

DNA parentage testing improved breeding value accuracy in research trial

DNA parentage testing of progeny from multiple sire mating groups significantly improves the accuracy of breeding values associated with their bloodlines, a new trial has found. The post DNA parentage testing improved breeding value accuracy in research trial appeared first on Sheep Central. Source: Sheep Central DNA parentage testing improved breeding value accuracy in… Read more »

Footrot vaccine now available after university research

A FOOTROT vaccine available for all but rare strains of the debilitating sheep hoof disease has been developed by the University of Sydney School of Veterinary Science. The post Footrot vaccine now available after university research appeared first on Sheep Central. Source: Sheep Central Footrot vaccine now available after university research

US Equity and Economic Review: It's Just a Correction, Nothing More

     The housing market continues to grow.  New home sales increased 6.1% M/M and 12.8% Y/Y.  While existing home sales declined 3.7% M/M they rose 12.8% Y/Y.  The following chart places these figures into a longer-term context: Source: XE news feed US Equity and Economic Review: It’s Just a Correction, Nothing More

International Economic Week in Review: Edging Higher

     Earlier in the week, Gavyn Davies at the FT published a story that theorized about potential ways that the latest expansion could end.  According to him, these three options represent the highest possibilities: Source: XE news feed International Economic Week in Review: Edging Higher

US Bond Market Week in Review: Gradual Lift-Off Has Begun

     The Fed’s consensus is now for additional rate hikes.  Cleveland President Mester – who is a non-voting member – argued for 3 rate hikes this year in addition to a reduction in the Fed’s balance sheet.  Chicago Fed President Evans – who does vote on interest rate policy – is arguing for 2 additional… Read more »

Weekly Indicators: almost no negatives edition

February data included a decrease in existing home sales, but an increase in the more economically important new home sales. Durable goods orders increased, although “core” durable goods decreased slightly.   Source: XE news feed Weekly Indicators: almost no negatives edition

JBS slashes Brazilian processing capacity in wake of market crisis

JBS has cut meat processing capacity in its Brazilian operations by up to 35pc, in the latest washout from the country’s rapidly escalating meat inspection crisis this week. The post JBS slashes Brazilian processing capacity in wake of market crisis appeared first on Beef Central. Source: Beef Central JBS slashes Brazilian processing capacity in… Read more »

Numbers, prices lift on AuctionsPlus after rain

The impact of recent rain in parts of NSW and Queensland was seen in both numbers offered and prices delivered in AuctionsPlus online trading this week. Young breeding stock and steers sold particularly well, with young PTIC females making a top of $2460. The post Numbers, prices lift on AuctionsPlus after rain appeared first on… Read more »

XE Market Analysis: Asia – Mar 24, 2017

FX Trade was nervous in N.Y. on Friday, though ranges overall were relatively narrow, and the dollar mixed. Uncertainty over the outcome of the House healthcare bill was behind the market chop, with wrangling going on between House leadership and the White House through most of the session. EUR-USD ranged between 1.0815 and 1.0791 through… Read more »

XE Market Analysis: Eurozone Business Growth Fastest in 6 Years

OVERVIEW BoE policymaker Vlieghe’s comments dampen rate increase prospects causing Pound to give back gains. The US Dollar is steady as we wait for another vote on the new healthcare legislation later today. Euro strengthens on Purchasing Managers survey report of buoyancy in the service and manufacturing sectors. The Japanese Yen had its strongest run… Read more »

Positive trends in most housing sales indicators continue

With the exception of existing home sales, the least important metric, the housing market continues to show surprising strength in the face of rising interest rates. Source: XE news feed Positive trends in most housing sales indicators continue

XE Market Analysis: North America – Mar 24, 2017

The dollar lost ground to an outperforming euro following forecast-beating PMI data out of the Eurozone, ebbed back to near net unchanged levels versus the yen after clocking a two-day high during the Tokyo session, and held generally tight ranges versus most other currencies. Stock markets were mostly higher in Asia, but have traded lower… Read more »

XE Market Analysis: Europe – Mar 24, 2017

The dollar has traded firmer along with Wall Street, recovering some of ground lost midweek. USD-JPY logged a two-session high at 111.48 and EUR-USD a two-session low at 1.0760. The USD index is up 0.4% from the seven-week low it logged on Wednesday. Markets are giving the benefit of the doubt to Trump’s ultimatum on… Read more »