Month: March 2017

XE Market Analysis: US Stocks Hit Record Highs

OVERVIEW Eurozone inflation rose to 2% last month, slightly exceeding the ECB’s target. The latest weekly US jobless claims fell to a 44-year low as the labor market continues to strengthen. Canada’s economy grew at faster pace than expected in the final three months of last year, expanding at an annual pace of 2.6%. The… Read more »

Dubbo sale 2 March 2017: Feeder steers 6c to 12c dearer

With the extra competition created by the return of a buyer feeder steers were 6c to 12c dearer while the feeder heifers were firm to 2c/kg dearer The post Dubbo sale 2 March 2017: Feeder steers 6c to 12c dearer appeared first on Beef Central. Source: Beef Central Dubbo sale 2 March 2017: Feeder… Read more »

Real money supply nears the caution zone

In my last “Weekly Indicators” installment, I noted that real M2 money supply has decelerated enough that it is close to being downgraded from a positive to neutral. I wanted to follow up on why that is, and relating that to the “Kasriel indicator.” Source: XE news feed Real money supply nears the caution… Read more »

Nominations open for CBH Group Growers Advisory Council

The CBH Group is encouraging grower members to nominate for one of the five open roles on the Growers Advisory Council (GAC). The post Nominations open for CBH Group Growers Advisory Council appeared first on Grain Central. Source: Grain Central Nominations open for CBH Group Growers Advisory Council

Industry at loggerheads over DEXA: ABA

In this contributed item, the ABA provides opinion about the different industry views that have emerged about the adoption of DEXA objective carcase measurement technology; and whether MLA has stepped beyond its charter in proposing its adventurous Project 150 adoption model. The post Industry at loggerheads over DEXA: ABA appeared first on Beef Central. … Read more »

Beef Central news briefs

US beef sales to China may be bargaining chip, analyst says Newly appointed US ambassador to China, Iowa Governor Terry Branstad, says he will work to increase US beef shipments to the huge market. At the same time, an industry expert has warned that US beef exports to China could become a casualty if US… Read more »

Nutrient replacement and dry feed management is on Stawell program

SOIL nutrient replacement after a wet year and dry feed management will be addressed at a Meat & Livestock Australia Pasture Update seminar at Stawell on March 27. The post Nutrient replacement and dry feed management is on Stawell program appeared first on Sheep Central. Source: Sheep Central Nutrient replacement and dry feed management… Read more »

XE Market Analysis: North America – Mar 02, 2017

The dollar has remained bid, extending recent gains against the yen, sterling, Canadian dollar, among other currencies today, though holding just off the highs seen versus the euro yesterday following perky inflation numbers out of the Eurozone.[EUR, USD] Source: XE news feed XE Market Analysis: North America – Mar 02, 2017

Project targets profit drivers of mixed sheep/cropping systems

Sheep producers with cropping operations in New South Wales and Tasmania are being sought to participate in a project to help define the unique profit drivers in mixed farming systems. The post Project targets profit drivers of mixed sheep/cropping systems appeared first on Sheep Central. Source: Sheep Central Project targets profit drivers of mixed… Read more »

Livestock focus at first two VFF policy forums next week

VICTORIA’S livestock producers will next week get their say on what their peak farmer group should be doing at two policy forums in the state’s north east. The post Livestock focus at first two VFF policy forums next week appeared first on Sheep Central. Source: Sheep Central Livestock focus at first two VFF policy… Read more »

XE Market Analysis: Europe – Mar 02, 2017

The dollar has remained bid amid a combo of a rising Wall Street and rising Treasury yields. USD-JPY has forayed further into two-week high territory, making a peak of 114.21 so far. EUR-USD has remained heavy after logged an eight-day low at 1.0514 yesterday, though data showing the biggest rate of gain in German import… Read more »

Holmes à Court buys into live export

Paul Holmes à Court’s company, Heytesbury Pty Ltd, buys 10 per cent of Australia’s largest live export company, Wellard. Source: ABC Beef Cattle Holmes à Court buys into live export

Wellard shares: Heytesbury in, Butt out

One of Australia’s largest cattle producers, Heytesbury Pty Ltd, has purchased a significant shareholding in Australia’s largest livestock exporting company Wellard Limited. The post Wellard shares: Heytesbury in, Butt out appeared first on Beef Central. Source: Beef Central Wellard shares: Heytesbury in, Butt out

Hawkesbury landholder pleads guilty to illegal water-taking charges

A Hawkesbury landowner has been prosecuted and pleaded guilty for various breaches under the NSW Water Management Act, resulting from including illegal works and piping to unlawfully tap into a neighbour’s water supply. The post Hawkesbury landholder pleads guilty to illegal water-taking charges appeared first on Grain Central. Source: Grain Central Hawkesbury landholder pleads… Read more »

February trade reflects listless state of beef exports

The tough and increasingly competitive global beef trade is reflected in Australia’s February export statistics, released yesterday afternoon. The post February trade reflects listless state of beef exports appeared first on Beef Central. Source: Beef Central February trade reflects listless state of beef exports

Lepto ruled out as possible culprit in NT human, cattle disease outbreak

A disease outbreak in the Northern Territory has apparently sickened up to eight pastoral company staff and led to an animal disease investigation. The post Lepto ruled out as possible culprit in NT human, cattle disease outbreak appeared first on Beef Central. Source: Beef Central Lepto ruled out as possible culprit in NT human,… Read more »

KAI planning to export quinoa to China for the first time

The company developing stage two of the Kimberley’s Ord Irrigation Scheme plans to export quinoa to China for the first time. Source: ABC Grain KAI planning to export quinoa to China for the first time

XE Market Analysis: Asia – Mar 01, 2017

The dollar added to overnight gains early in the session, which came following ramped up chances for a March Fed rate hike following the Fed’s Dudley remarks late on Tuesday. Decent incoming U.S. data helped dollar sentiment some as well, with decent income and a better manufacturing ISM outcome. Profit taking set in ahead of… Read more »

XE Market Analysis:Dollar Rallies on Rate Hike Expectations

OVERVIEW US consumer spending rose 0.2% in January, less than expected. Inflation jumped 0.4%, reducing consumer buying power. Growth in US manufacturing accelerated at the fastest pace in over two years last month while new orders also jumped.  The UK manufacturing PMI fell to 54.6 last month as growth slowed from a 2-1/2 year high…. Read more »

Likelihood of El Nino in 2017 increases

Recent changes in both the tropical Pacific Ocean and atmosphere, and climate model outlooks surveyed by the Bureau, suggest the likelihood of El Niño forming in 2017 has risen. The post Likelihood of El Nino in 2017 increases appeared first on Beef Central. Source: Beef Central Likelihood of El Nino in 2017 increases

XE Market Analysis: North America – Mar 01, 2017

The dollar rallied as odds for Fed tightening rose after NY Fed Dudley said late yesterday that the case for monetary policy tightening “has become a lot more compelling.” While Dudley’s remarks are consistent with other Fed speakers, his carry added of weight for markets as he is at the dovish end of the spectrum… Read more »

XE Market Analysis: Europe – Mar 01, 2017

The dollar has rallied since late-session yesterday and into the Asian session today. The principal catalyst were remarks by NY Fed’s Dudley, who said in an interview with CNN that the case for further monetary tightening “has become a lot more compelling,” citing a “very large” rise in household and business confidence and “very buoyant”… Read more »

Territory Indigenous land opens up for grazing licences

A number of parcels of Indigenous land in the Katherine region in the Northern Territory are being offered up for pastoral leases by traditional owners, in a bid to capitalise on a strong northern live export cattle industry. The post Territory Indigenous land opens up for grazing licences appeared first on Beef Central. Source:… Read more »

Wool grower bodies unite on AWI levy oversight after staff payment shock

AUSTRALIA’S wool grower bodies have aligned behind the need for more industry oversight over levy expenditure after Australian Wool Innovation disclosed high ex-gratia staff severance payments at a Senate estimates hearing. The post Wool grower bodies unite on AWI levy oversight after staff payment shock appeared first on Sheep Central. Source: Sheep Central Wool… Read more »

Grassfed cattle restructure group meets

The independent implementation committee overseeing the creation of a single new body to represent Australian grassfed cattle producers nationally met in Sydney last week. The post Grassfed cattle restructure group meets appeared first on Beef Central. Source: Beef Central Grassfed cattle restructure group meets

Goat musterers pay to $10,500 for top Kelpies at Jerilderie working dog auction

GOAT musterers rounded up the sheep producers at the 12th annual Jerilderie Working Dog Auction at the weekend, driving Kelpie prices to record levels. The post Goat musterers pay to $10,500 for top Kelpies at Jerilderie working dog auction appeared first on Sheep Central. Source: Sheep Central Goat musterers pay to ,500 for top… Read more »

Demand for horsemanship skills growing, says trainer

Stockmen and graziers are increasingly leaving their motorbikes in the shed and returning to horseback to muster their livestock, a Queensland horseman says. Source: ABC Livestock Demand for horsemanship skills growing, says trainer

New national grains manager’s mission to grow Elders’ accumulation business

Developing the company’s grain accumulation business will be the key role for Elders’ new National Grain Manager, with a recruitment process drawing to a close this month. The post New national grains manager’s mission to grow Elders’ accumulation business appeared first on Grain Central. Source: Grain Central New national grains manager’s mission to grow… Read more »

Winners and losers: how climate will change temperate drylands

Projected global warming will likely decrease the extent of temperate drylands by a third over the remainder of the 21st century coupled with an increase in dry deep soil conditions during agricultural growing season. The post Winners and losers: how climate will change temperate drylands appeared first on Grain Central. Source: Grain Central Winners… Read more »

Top End Indigenous land offered up for grazing licence

Indigenous land south west of Katherine in the Northern Territory is being offered up for a pastoral lease by traditional owners. Source: ABC Beef Cattle Top End Indigenous land offered up for grazing licence

Roma store 28 Feb 2017: Yearling steers dominate market

Medium and light weight yearling steers dominated the market with active restockers in attendance after some scattered showers improving morale. The post Roma store 28 Feb 2017: Yearling steers dominate market appeared first on Beef Central. Source: Beef Central Roma store 28 Feb 2017: Yearling steers dominate market

XE Market Analysis: Asia – Feb 28, 2017

FX trade was fairly light in N.Y. on Tuesday, as traders hunkered down ahead of the evening SOTU address from president Trump. The dollar was mostly softer through the morning session, likely as prospects for any policy details coming out of the speech were discounted. The President may still surprise with specifics, but that appeared… Read more »

Weekly rainfall wrap + 14 day outlook, 1 Mar 2017

Rainfall during the past week was recorded in the northwest and along the south coast of Western Australia, the northern half of the Northern Territory, northern and eastern Queensland and eastern New South Wales. The post Weekly rainfall wrap + 14 day outlook, 1 Mar 2017 appeared first on Beef Central. Source: Beef Central … Read more »

NVLX Wodonga 1 March: Trade cattle shortage underpins market

The market maintained the strong trend from the previous sale at NVLX Wodonga this morning, spurred on by the seasonal shortage of trade cattle in the south. The post NVLX Wodonga 1 March: Trade cattle shortage underpins market appeared first on Beef Central. Source: Beef Central NVLX Wodonga 1 March: Trade cattle shortage underpins… Read more »

XE Market Analysis: Markets Await Trump Speech

OVERVIEW The Pound remains on the backfoot as Brexit realities and the possibility of another Scottish referendum raise concerns.  UK consumer confidence edged 1 point lower in February. Rising inflation has made households more cautious. Japan’s industrial output unexpectedly fell 0.8% last month, the first decline in six months, caused in part by a slowdown… Read more »

Been paying attention? Take Grain Central’s grain news quiz

Test your knowledge on current Australian grain industry news with Grain Central’s monthly quiz The post Been paying attention? Take Grain Central’s grain news quiz appeared first on Grain Central. Source: Grain Central Been paying attention? Take Grain Central’s grain news quiz