Month: March 2017

Chinese investor backs out of NZ processing investment deal

Chinese investor Binxi Foods has backed out of its proposed investment in Invercargill, NZ meat processor, Blue Sky Meats. The post Chinese investor backs out of NZ processing investment deal appeared first on Beef Central. Source: Beef Central Chinese investor backs out of NZ processing investment deal

Near misses prompt CBH to release rail safety message + video

Western Australian Cooperative Bulk Handling Ltd, CBH Group (CBH) has warned drivers to be vigilant around rail crossings as a number of vehicles have come close to colliding with its trains. The post Near misses prompt CBH to release rail safety message + video appeared first on Grain Central. Source: Grain Central Near misses… Read more »

Beef big winner in historic China market access agreement

China and Australia officially reached agreement this morning over greatly improved market access for Australian chilled and frozen beef and sheepmeat, expanded trade in offals and a new trade in live sheep exports.The agreement ends a three-year industry and government crusade to improve trade terms for red meat. The post Beef big winner in historic… Read more »

Industry reaction to China red meat market access breakthrough

Australian meat processors and beef producers, and large Chinese retail customers have all enthusiastically supported this morning’s announcement about expanded red meat trade access with China. The post Industry reaction to China red meat market access breakthrough appeared first on Beef Central. Source: Beef Central Industry reaction to China red meat market access breakthrough

Record wool prices boost Grassgro gross margin analysis results

RECENT gross margin analysis of wool and prime lamb operations is predicting stellar profits for fine wool growers in western Victoria and across Australia at current auction prices. The post Record wool prices boost Grassgro gross margin analysis results appeared first on Sheep Central. Source: Sheep Central Record wool prices boost Grassgro gross margin… Read more »

Agreement on live export slaughter sheep and goat protocol to China

PROMOTION of a protocol for the export of Australian slaughter sheep and goats is listed among trade restrictions set to be unlocked by a joint statement signed by Minister for Agriculture Barnaby Joyce and China’s Minister of Foreign Affairs, Minister Wang Yi, today. The post Agreement on live export slaughter sheep and goat protocol to… Read more »

How wide can a fire break be in Qld? Work on 10 metres, says DNRM

Yesterday we asked how wide can a fire break be in Queensland, after a Central Queensland landholder was ordered to pay almost $1 million fines and Government legal expenses for building fire breaks up to 40 metres wide. The post How wide can a fire break be in Qld? Work on 10 metres, says DNRM… Read more »

China to take more chilled and frozen Aussie meat

More Australian meat processors will be allowed to send more product to China under a deal announced today. Source: ABC Beef Cattle China to take more chilled and frozen Aussie meat

Tropical low drenches Pilbara cattle country

A tropical low drenches the WA mining town of Port Hedland and surrounding Pilbara cattle stations. Source: ABC Beef Cattle Tropical low drenches Pilbara cattle country

Recruitment: Keeping it casual – building and retaining a casual workforce

One in four Australian employees now work on a casual basis, and the trend is taking hold as much in agriculture as in other business sectors. Managing casual workforces can sometime be a challenge for business owners not familiar with the process, but there are also benefits to both parties. The post Recruitment: Keeping it… Read more »

Roma saleyards to host Pimelea update this Tuesday

Pimelea continues to have a devastating effect on cattle operations throughout Southern Queensland. An information day to be held at Roma this coming Tuesday will help to answer questions about developing a Pimelea research project. The post Roma saleyards to host Pimelea update this Tuesday appeared first on Beef Central. Source: Beef Central Roma… Read more »

Sheepmeat council backs current NLIS as damaging Sheepcatcher II details leak

AUSTRALIA’S peak federal and state meat industry body leaders are expected to decide today whether to release all or part of the long-awaited Sheepcatcher II report. The post Sheepmeat council backs current NLIS as damaging Sheepcatcher II details leak appeared first on Sheep Central. Source: Sheep Central Sheepmeat council backs current NLIS as damaging… Read more »

Opinion: New campaign against self-assessable clearing codes emerging

In this opinion piece, Property Rights Australia spokesperson and Queensland cattle producer Dale Stiller says that with a Queensland election around the corner, environmental activist groups are stepping up their campaigns for more onerous vegetation management regulations. The post Opinion: New campaign against self-assessable clearing codes emerging appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: Asia – Mar 23, 2017

The dollar was fairly stable in N.Y. trade on Thursday, as the market largely hunkered down into the key U.S. House healthcare vote. USD-JPY was the most reactive to the vote news flow, rallying to session highs of 111.25 on reports the vote would be delayed so a deal could be made, then pulling back… Read more »

XE Market Analysis: UK Retail Sales Boom

OVERVIEW Sterling stronger today following better than expected retail sales. The Bank of Japan’s minutes stated that the country’s economic recovery is continuing at a moderate pace. Eurozone current account surplus fell to its lowest level in 15 months. New Zealand leaves rates on hold at 1.75%. HIGHLIGHT Retail sales in the UK surged in… Read more »

Dubbo sale 23 March 2017: Market lifts on rain

Up to 80mm and more of fantastic rain for the week in most local districts reduced numbers considerably for a yarding of 1645. The post Dubbo sale 23 March 2017: Market lifts on rain appeared first on Beef Central. Source: Beef Central Dubbo sale 23 March 2017: Market lifts on rain

First Victorian casualties confirmed from new rabbit calicivirus release

CSIRO scientists have confirmed the first pest rabbits in Victoria to die from the newly-released Korean strain of calicivirus, known as RHDV1 K5. Two dead rabbits were found near a release site at Tanybryn, south-west of Melbourne, and another was found near a release site at Kaniva in western Victoria. The post First Victorian casualties… Read more »

XE Market Analysis: North America – Mar 23, 2017

The dollar has found a toehold but still retains a heavy tone into the key vote on healthcare in the U.S. House later today. USD-JPY has recouped above 111.00 after logging a four-month low at 110.73 yesterday, though met decent sellers above 111.50 during the Tokyo session, and had again dipped back under here as… Read more »

XE Market Analysis: Europe – Mar 23, 2017

The dollar has found a toehold but still retains a heavy tone into the key vote on healthcare in the U.S. House later today. USD-JPY has recouped above 111.00 after logging a four-month low at 110.73 yesterday, though met decent sellers above 111.50 during the Tokyo session. EUR-USD has settled near 1.0800 after clocking a… Read more »

Stable flies bite livestock producer's bottom line

Livestock producers in Western Australia lose millions of dollars each year due to stable fly bites. Source: ABC Beef Cattle Stable flies bite livestock producer’s bottom line

Why does Yolk colour vary?

Consumers link egg quality to yolk colour. Depending on the nutrition of the laying hen, yolk colour can vary from a very pale yellow to deep orange. Pigments are transferred directly from the diet to the forming egg yolks in the ovaries. Hens fed diets based on wheat, barley, sorghum or other non-pigmented grains will… Read more »

Australian exporters’ phones running hot in wake of Brazilian meat crisis

Repercussions from the meat inspection investigation in Brazil which has attracted dramatic international headlines since last weekend are having an immediate and significant effect on demand and price for Australian export beef. The post Australian exporters’ phones running hot in wake of Brazilian meat crisis appeared first on Beef Central. Source: Beef Central Australian… Read more »

Metre-tall chicken shines light on lesser-known breed

A giant chicken becomes an internet sensation after confused video watchers believe it is a person in a chicken costume. Source: ABC Livestock Metre-tall chicken shines light on lesser-known breed

Grazier to appeal $1m land clearing fine

A Queensland grazier will appeal a court decision ordering him to pay almost $1 million in fines and legal costs for illegally clearing native vegetation. Source: ABC Beef Cattle Grazier to appeal m land clearing fine

Qld landholder hit with record $1m penalty for making fire breaks too wide

How wide can a fire-break be in Queensland? Getting the answer wrong, despite receiving conflicting advice from several different Queensland Government staff, has just resulted in a Queensland landowner being forced to pay a record $999,780 in fines and costs. The post Qld landholder hit with record $1m penalty for making fire breaks too wide… Read more »

Nufarm delivers half year revenue, EBIT and profit growth

Nufarm Limited has reported underlying earnings before interest, tax, depreciation and amortisation of $128.7 million, underlying earnings before interest and tax of $85.0 million and net profit after tax of $20.0 million for the six months to January 31, 2017. The post Nufarm delivers half year revenue, EBIT and profit growth appeared first on Grain… Read more »

Wagyu conference: Holstein dairy cows seen as untapped breeding resource for F1s

A special section at the 2017 Wagyu industry conference will explain how dairy farmers with Holstein breeders can access significant premiums by joining the bottom half of their herds to Wagyu to produce F1 feeder steers and heifers. The post Wagyu conference: Holstein dairy cows seen as untapped breeding resource for F1s appeared first on… Read more »

Increasing prospect of tropical cyclone developing this weekend

North Queensland is on high alert with an increasing risk of a cyclone developing later this week. The post Increasing prospect of tropical cyclone developing this weekend appeared first on Beef Central. Source: Beef Central Increasing prospect of tropical cyclone developing this weekend

XE Market Analysis: Asia – Mar 22, 2017

The dollar was lower again in N.Y. on Wednesday, with risk-off again in play. EUR-USD rallied to one-month highs of 1.0824, and USD-JPY to four-month lows of 110.75. Cable printed the 1.25 handle for the first time in a month, though pulled back some following the terrorist attack in London. USD-CAD eased back from over… Read more »

XE Market Analysis: Global Risk Appetite Slumps

OVERVIEW Investors’ risk aversion drives safe haven buying. The US Dollar is trading at a four-month low against the Yen as major indices and treasury yields plummet.  US House Price Index is reported flat against an expected increase of 0.4%. BOJ deputy governor Iwata says, “a continuously falling Yen is not a benefit to the… Read more »

XE Market Analysis: North America – Mar 22, 2017

The dollar made fresh lows versus the yen, which continued to outperform amid a risk aversion coursed its way from Wall Street, which had its worse day since last October yesterday, through Asia and into the European AM session. The greenback trade more mixed against other currencies, gaining versus the dollar bloc as commodity prices… Read more »

XE Market Analysis: Europe – Mar 22, 2017

The dollar has remained under the cosh amid investor concerns that the Trump administration is getting bogged down, delaying the implementation of hoped-for reflation policies. Falling Treasury yield yields have been a driver, which have also been a kicker for financial stocks, exacerbating stock market woes in the latest phase. Wall Street had its worse… Read more »

Weekly Property Review: Banks continue bullish approach to beef lending

This week’s Property Review continues our two-part series on financial institutions’ current attitudes towards lending in the beef sector. Major lenders are maintaining longer-term risk policies when it comes to managing their beef loan book, feedback suggests. The post Weekly Property Review: Banks continue bullish approach to beef lending appeared first on Beef Central. … Read more »

Property: Switch to cotton buoys demand for Riverina irrigation

Irrigated land in southern NSW is in hot demand from investors and family farming operations as the region’s cotton industry expands. The post Property: Switch to cotton buoys demand for Riverina irrigation appeared first on Grain Central. Source: Grain Central Property: Switch to cotton buoys demand for Riverina irrigation

Has the ACCC thrown RMAC a massive hospital pass?

In the final report from its cattle and beef market study released earlier this month, the Australian Competition Consumer Commission laid responsibility for implementing its 15 recommendations on the shoulders of the Red Meat Advisory Council. The post Has the ACCC thrown RMAC a massive hospital pass? appeared first on Beef Central. Source: Beef… Read more »

South Australian saleyard is watching Victoria’s sheep EID transition closely

SOUTH Australia’s major prime lamb-selling saleyard at Naracoorte could be among the first interstate saleyards near the Victorian border to implement electronic scanning of sheep and lambs. The post South Australian saleyard is watching Victoria’s sheep EID transition closely appeared first on Sheep Central. Source: Sheep Central South Australian saleyard is watching Victoria’s sheep… Read more »

WA sheep producers throw in with sheepmeat council market study

WESTERN Australian sheep producers are hoping growing disparities in lamb, sheep and skin prices between the eastern states and WA will be addressed by a new study into sheep meat marketing. The post WA sheep producers throw in with sheepmeat council market study appeared first on Sheep Central. Source: Sheep Central WA sheep producers… Read more »

Ag Technology: Remote monitoring lifts performance in water medication systems

Technology is helping lift the performance, reliability and flexibility of water medication systems used widely to supplement livestock, with a new app allowing users to monitor and manage systems remotely The post Ag Technology: Remote monitoring lifts performance in water medication systems appeared first on Beef Central. Source: Beef Central Ag Technology: Remote monitoring… Read more »

Sizzling Colt for Riverina

This stunning colt was the highest priced lot at the recent Magic Millions 2017 Gold Coast March Yearling Sale. Sold by Riverina customer, Gleeson Thoroughbred Connections, the colt was fed on Riverina FEED & BREED PELLETS. Congratulations Wally, Jill and team. We look forward to being involved with more cracking yearlings like this one!

Roma store 21 March 2017: Rain boosts yarding, prices

Recent rain must have been the motivator for the buyers at Roma Store sale with a robust yarding of 8136 head, a lift over 3500 head on last week. The post Roma store 21 March 2017: Rain boosts yarding, prices appeared first on Beef Central. Source: Beef Central Roma store 21 March 2017: Rain… Read more »

Safety focus for Rocky low-stress stock handling clinic

Well-known livestock handling educator and cattleman Boyd Holden will deliver a low-stress stockmanship clinic near Rockhampton next month aimed at demonstrating the economic benefits of LSS and safety by design in yards facilities. The post Safety focus for Rocky low-stress stock handling clinic appeared first on Beef Central. Source: Beef Central Safety focus for… Read more »

XE Market Analysis: Asia – Mar 21, 2017

The dollar was broadly lower through the N.Y. session on Tuesday, leaving the DXY at six-week lows of 99.68. Risk-off conditions weighed generally, though for EUR-USD, talk from council members of the ECB moving to a neutral from easing bias supported the euro, taking the pairing to 1.0819 highs. Cable was up to one-month highs… Read more »

NVLX Wodonga 21 March 2017: Market continues on solid note

Cattle prices at NVLX Wodonga have continued on a solid note. Numbers dipped slightly to 1545 in a very mixed quality offering. The post NVLX Wodonga 21 March 2017: Market continues on solid note appeared first on Beef Central. Source: Beef Central NVLX Wodonga 21 March 2017: Market continues on solid note

Weekly rainfall wrap + 14 day outlook, 22 Mar 2017

The biggest falls of rain across Australia in the past week were recorded in parts of the Kimberley, pockets of the west of the Northern Territory, and in locations in north-western Queensland. The post Weekly rainfall wrap + 14 day outlook, 22 Mar 2017 appeared first on Sheep Central. Source: Sheep Central Weekly rainfall… Read more »

Beef 2018 mentoring program aims to invest in industry’s future

Applications are now open for industry stakeholders to take part in the Beef Australia 2018 Graeme Acton Beef Connections mentoring program. The post Beef 2018 mentoring program aims to invest in industry’s future appeared first on Beef Central. Source: Beef Central Beef 2018 mentoring program aims to invest in industry’s future

NZ buyer takes semen interest in Angus bull for $25,000

A New Zealand buyer has paid $25,000 for a semen share in an exciting young Australian Angus sire that has spent the past two years producing commercial calves in a beef herd near Canberra. The post NZ buyer takes semen interest in Angus bull for $25,000 appeared first on Beef Central. Source: Beef Central … Read more »

Current U.S. Economic Indicators All Point to Moderate Growth

  The chart above graphs the 4 coincident economic indicators used by the Conference Board. The graph uses a base 100 methodology, using the end of the last recession as “100.”      Industrial production (green) is the weakest indicator.  But the decline in oil production is the primary reason for the decline.      Real… Read more »

XE Market Analysis: North America – Mar 21, 2017

The dollar came under a fresh bout of broad pressure during the European AM session. Cable led the way with an advance of nearly 1% following hotter than expected UK inflation data, which helped the pair on its way to a three-week peak at 1.2471. EUR-USD clocked a new six-week high at 1.0804, winding in… Read more »

XE Market Analysis: Europe – Mar 21, 2017

The dollar has traded mixed after tumbling in the wake of last week’s “dovish rate hike” by the Fed. EUR-USD has carved out a fresh six-week peak at 1.0788, breaching above Friday’s high at 1.0782. EUR-JPY and other euro crosses have also remained bid, with investors still in process of discounting reduced political risk into… Read more »

Wet season too late for central Queensland farmer, more on the way

After a hot, dry spring and summer, the Bureau of Meteorology confirms the wet season is finally hitting Queensland, although it has come too late for Biloela grazier Darren Jenson, who has already sold off all his cattle. Source: ABC Beef Cattle Wet season too late for central Queensland farmer, more on the way

Collaborative research partnership to boost livestock genetics and productivity

A new multi-million dollar collaborative R&D funding partnership between MLA and NSW DPI will provide a significant boost to genetic and productivity gains in the livestock industry. The post Collaborative research partnership to boost livestock genetics and productivity appeared first on Beef Central. Source: Beef Central Collaborative research partnership to boost livestock genetics and… Read more »

Canola seed shortage forces farmers to adopt home-grown strategy

Canola growers gearing up for a surge in plantings this winter cropping season have been forced to dip into their stocks of farm-retained, open pollinated varieties to make up for a shortfall in seed supplies of commercial hybrid lines. The post Canola seed shortage forces farmers to adopt home-grown strategy appeared first on Grain Central. … Read more »

Best young auctioneers soon to be going, going, gone to Sydney

The best young auctioneers from around the country will travel to Sydney next month to compete in the 2017 Australian Livestock & Property Agents Association (ALPA) National Young Auctioneers Competition. The post Best young auctioneers soon to be going, going, gone to Sydney appeared first on Beef Central. Source: Beef Central Best young auctioneers… Read more »

Trade repercussions roll on from Brazil’s overblown meat ‘scandal’

South Korea, the United States, the EU and Chile have joined China overnight in suspending or tightening inspections of imported Brazilian meat, following dramatic weekend media reports about a meat inspection ‘scandal’ in Brazil. The post Trade repercussions roll on from Brazil’s overblown meat ‘scandal’ appeared first on Beef Central. Source: Beef Central Trade… Read more »

Learning cattle station tricks of the trade in the Red Centre

Indigenous pastoral trainees spend two weeks camping out in Alice Springs learning the skills required to work in the cattle industry. Source: ABC Beef Cattle Learning cattle station tricks of the trade in the Red Centre

Western Australia appoints experienced animal welfare leader

FORMER World Organisation for Animal Health director Sarah Kahn will lead the team overseeing Western Australia’s animal welfare regulatory changes. The post Western Australia appoints experienced animal welfare leader appeared first on Sheep Central. Source: Sheep Central Western Australia appoints experienced animal welfare leader

XE Market Analysis: Asia – Mar 20, 2017

The FX market was quiet in N.Y. on Monday, with major dollar pairings largely trading inside of narrow ranges. There was no data to drive prices, while many were likely distracted by the near session-long congressional grilling of FBI director Comey on Russia. EUR-USD managed a 1.0760 to 1.0739 range, while USD-JPY was stuck inside… Read more »

Australian exporters eye Mexican opportunity

Australian beef products suitable for taco or fajita type meals could begin returning to Mexico in higher volumes this year after the Central American country confirmed it will drop tariffs as it tries to take the heat out of domestic beef prices. The post Australian exporters eye Mexican opportunity appeared first on Beef Central. … Read more »

XE Market Analysis: Article 50 Triggers Date Set

OVERVIEW The Pound is steady as a date has been set for triggering Article 50.  US Dollar weakens as potential delays to President Trump’s massive infrastructure plans occur.  The Euro strengthens as geo-political concerns over the presidential election subside.   HIGHLIGHT Source: XE news feed XE Market Analysis: Article 50 Triggers Date Set

Wagga sale 20 March 2017: Hot, dry conditions add to supply pressure

Hot dry conditions continue to put supply pressure on the market, with producers mostly offloading secondary condition stock. The post Wagga sale 20 March 2017: Hot, dry conditions add to supply pressure appeared first on Beef Central. Source: Beef Central Wagga sale 20 March 2017: Hot, dry conditions add to supply pressure

XE Market Analysis: North America – Mar 20, 2017

The USD index hit a fresh six-week low at 99.86, extending the run lower since last Wednesday’s less hawkish than anticipated FOMC guidance. The index lifted off its lows, but at 100.01 was still down by over 1.6% since the Fed’s announcement, as of the late London AM session. Downside momentum has been abating over… Read more »

XE Market Analysis: Europe – Mar 20, 2017

The dollar has remained under the cosh. USD-JPY edged out a three-week low at 112.47, making this the fourth straight day of lower lows this pairing has seen. EUR-USD is heading in to the London interbank open at intraday highs above 1.0750, with Friday’s six-week peak t 1.0782 back into scope. AUD-JPY is trading at… Read more »

Red meat exporters confident of China access news during Premier Li’s visit

Red meat exporters are confident that this week’s state visit to Australia by Chinese Premier Li Keqiang will yield significant trade access improvements for Australian beef and sheep meat. The post Red meat exporters confident of China access news during Premier Li’s visit appeared first on Sheep Central. Source: Sheep Central Red meat exporters… Read more »

Victorian ultrafine flock wins fourth consecutive Zegna wool award

VICTORIAN ultrafine wool growers David and Susan Rowbottom have won the prestigious Ermenegildo Zegna Vellus Aureum Trophy for the fourth consecutive year. The post Victorian ultrafine flock wins fourth consecutive Zegna wool award appeared first on Sheep Central. Source: Sheep Central Victorian ultrafine flock wins fourth consecutive Zegna wool award

Beef exporters confident of China access breakthrough during President’s visit

Red meat exporters are confident that this week’s state visit to Australia by Chinese Premier Li Keqiang will yield significant trade access improvements for Australian beef and sheepmeat. The post Beef exporters confident of China access breakthrough during President’s visit appeared first on Beef Central. Source: Beef Central Beef exporters confident of China access… Read more »

China slaps ban on Brazilian meat exports over processing ‘scandal’

China has placed a temporary ban on Brazilian meat imports, following dramatic weekend media reports published across the world suggesting a major meat industry scandal is unfolding in Brazil. The post China slaps ban on Brazilian meat exports over processing ‘scandal’ appeared first on Beef Central. Source: Beef Central China slaps ban on Brazilian… Read more »

Horsham saleyard manager urges more time for sheep EID trials

VICTORIAN saleyards will need more time to trial electronic sheep tagging hardware and software than has been allowed by the State Government, according to Horsham Regional Livestock Exchange manager Paul Christopher. The post Horsham saleyard manager urges more time for sheep EID trials appeared first on Sheep Central. Source: Sheep Central Horsham saleyard manager… Read more »

Intense storm belts north coast farming community of New Italy

Intense storms over parts of the New South Wales north coast over the weekend have caused flash flooding and damaged farmland. Source: ABC Livestock Intense storm belts north coast farming community of New Italy

RSPCA Victoria argues for continued farm livestock role at inquiry

RSPCA Victoria says a 10-year-old agreement limits its role to investigating animal welfare issues on farms to incidences where 10 or fewer livestock are involved. The post RSPCA Victoria argues for continued farm livestock role at inquiry appeared first on Sheep Central. Source: Sheep Central RSPCA Victoria argues for continued farm livestock role at… Read more »

From flowers to livestock – Dutch auction offers insights

AUSTRALIA’S livestock selling systems could take a leaf from the Netherlands flower auction system by introducing produce and EID compliance quality rankings, according to Hans van der Hoek, owner of Netherlands-based livestock data company Litams. The post From flowers to livestock – Dutch auction offers insights appeared first on Sheep Central. Source: Sheep Central … Read more »

Search is on for Australia’s top young wool broker

THE annual search for Australia’s top wool broker has begun. The National Council of Wool Selling Brokers of Australia 2017 Wool Broker Award is in its sixth successful year and nominees are needed. The post Search is on for Australia’s top young wool broker appeared first on Sheep Central. Source: Sheep Central Search is… Read more »

Business as usual for header insurance

Grain Producers Australia (GPA) says reports of insurance no longer being available to contract harvesters due to fire risk are exaggerated, following a meeting between GPA’s Grains Policy Council, GRDC, Australian Custom Harvesters (ACH) and representatives of major insurance providers to explore the issue. The post Business as usual for header insurance appeared first on… Read more »

RSPCA Victoria’s remit limited to ’10 livestock or less’

RSPCA Victoria says a 10-year-old agreement limits its role to investigating animal welfare issues on farms to incidences where 10 or fewer livestock are involved. The post RSPCA Victoria’s remit limited to ’10 livestock or less’ appeared first on Beef Central. Source: Beef Central RSPCA Victoria’s remit limited to ’10 livestock or less’

Mick Keogh: ‘Market transparency matters’

In the current post-regulation era for Australian agricultural markets, there is a growing awareness of the importance of market transparency as a key factor to ensure markets remain competitive, and the benefits of sectoral efficiency gains are distributed equitably through supply chains. The post Mick Keogh: ‘Market transparency matters’ appeared first on Beef Central. … Read more »

Rural communications coalition charges on Canberra

A broad coalition of regional organisations is converging on Canberra today to press upon politicians the urgent need to ensure regional Australians have access to more reliable and affordable telecommunications services. The post Rural communications coalition charges on Canberra appeared first on Beef Central. Source: Beef Central Rural communications coalition charges on Canberra

International Economic Week in Review: the BOE and BOJ Hold

     Deflation has been one of the top economic stories of the last 4-5 years.  Starting in 2014, declining energy prices were a primary reason for this development.  But when OPEC agreed to cut production in 2015, oil prices rallied to ~$50 barrel.  Across the globe, the energy price component of most CPI measures… Read more »

US Equity and Economic Review: The Good News Continues

     This week’s news was mostly bullish.  The LEIs continued to increase and the housing market is still growing.  Weak industrial production growth was the only negative.  As for the markets, they continue to consolidate recent gains.  Although they are expensive, the solid economic and earnings news provides ample support for their current rally.  … Read more »

Cows & calves to $2375 in smaller AuctionsPlus offering

Rain across some parts of NSW and QLD helped boost competition through AuctionsPlus online sales this week, where listings totalled 7175 head, down 17pc on the previous week. Solid prices were achieved across the board. The post Cows & calves to $2375 in smaller AuctionsPlus offering appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: Asia – Mar 17, 2017

FX trade took a bit of a breather in N.Y. trade on Friday, with most major dollar pairings consolidating following USD losses seen earlier in the week. Dollar direction was mostly sideways, as witnessed by a near unchanged close in the DXY. Incoming U.S. data was mixed, as industrial production was light, while Michigan sentiment… Read more »

XE Market Analysis: French Poll Trips Up Euro

OVERVIEW Yesterday, ECB board member Ewald Nowotny said the ECB could hike its remuneration of bank deposits.  Theresa May rejected calls for a second Scottish independence referendum, saying it’s unfair to ask the Scottish people to decide without knowing the UK/EU Brexit deal. US industrial production fell unexpectedly in January, with output declining 0.1%. New… Read more »

XE Market Analysis: North America – Mar 17, 2017

The dollar was heading into the New York interbank open near net unchanged on the day versus the yen, euro and Canadian dollar, while showing moderate losses against sterling and the Australian dollar. The post-Fed announcement rally in global stock markets came to a pause with investors now casting attention on the G20 meeting to… Read more »

XE Market Analysis: Europe – Mar 17, 2017

The euro has remained broadly underpinned in the wake of the kick-down of the anti-EU movement at the Dutch election and after ECB member Nowotny said late yesterday that the deposit rate may be hiked before the repo rate. Nowotny’s comments were not intended to signal the timing of a policy tightening, but have been… Read more »

Best barra catch in three years expected

An early wet season in northern Australia is expected to boost barramundi catches to their best in three years. Source: ABC Livestock Best barra catch in three years expected

Winter sowing intentions: early rains underwrite WA crop prospects

Widespread rains across Western Australia’s grainbelt at the end of January and the start of February have given growers a promising head start for the forthcoming winter cropping program. The post Winter sowing intentions: early rains underwrite WA crop prospects appeared first on Grain Central. Source: Grain Central Winter sowing intentions: early rains underwrite… Read more »

Aussie dollar underpins grain values: US expert

In a world awash with grain, United States grains expert, Dan Basse, advises Australian farmers to keep a close watch on the Australian dollar because it will largely dictate the value of Australian grain prices. The post Aussie dollar underpins grain values: US expert appeared first on Grain Central. Source: Grain Central Aussie dollar… Read more »

Beef Central’s beef news quiz – March 2017

Test your knowledge of Australian beef industry news with Beef Central’s monthly quiz. The post Beef Central’s beef news quiz – March 2017 appeared first on Beef Central. Source: Beef Central Beef Central’s beef news quiz – March 2017

Mexico waives tariffs on 200,000t beef import quota

After an apparent false-start last year, Mexico has emerged as a potential new export market for Australian boxed beef. The post Mexico waives tariffs on 200,000t beef import quota appeared first on Beef Central. Source: Beef Central Mexico waives tariffs on 200,000t beef import quota

Global news: Brazil to exceed 222mt | Russian harvest 120mt | India to move first in 17-18 | Egypt aims to double crop

Brazil’s grain harvest should exceed 222 million tonnes; Russia: 2016 grain harvest exceeded 120 million tonnes; Indian to be first to harvest 2017-18 wheat crop; Controversy as Egyptian researchers aim for two crops in one year The post Global news: Brazil to exceed 222mt | Russian harvest 120mt | India to move first in 17-18… Read more »

Victoria’s saleyards to battle tight schedule to meet sheep EID agenda

VICTORIA’S saleyards will be on a tight timetable to start scanning electronically tagged sheep and goats by a July 1 2017 deadline set by the state government. The post Victoria’s saleyards to battle tight schedule to meet sheep EID agenda appeared first on Sheep Central. Source: Sheep Central Victoria’s saleyards to battle tight schedule… Read more »

10 snapshots from MLA’s global beef markets forum in Brisbane

MLA’s Global Market Forum in Brisbane on Tuesday gave a room full of industry stakeholders the opportunity to gain some first-hand market insights from MLA’s regional managers across the world. In addition to our stories filed earlier, here are some brief ‘snapshots’ of other topics discussed on the day The post 10 snapshots from MLA’s… Read more »

JBS’s global footprint pays off in solid full-year financial result

The diversified global nature of JBS’s operations paid dividends with a set of solid results reported for the company’s full financial year. Whereas a year earlier, JBS’s Australian business was one of the star performers, the company’s US beef operations are now benefiting from greater access to slaughter cattle and lower US cattle prices. The… Read more »