Month: April 2017

Roma store 4 Apr 2017: Weaner steers to 451c/kg

All buyers were in attendance and operating in a very strong market. The post Roma store 4 Apr 2017: Weaner steers to 451c/kg appeared first on Beef Central. Source: Beef Central Roma store 4 Apr 2017: Weaner steers to 451c/kg

XE Market Analysis: Asia – Apr 04, 2017

Major dollar pairings were fairly well behaved through the N.Y. session Tuesday, leaving the greenback mixed overall. EUR-USD touched 1.0636 lows into the open, then later rallied to 1.0668 highs. USD-JPY meanwhile got a boost from an uptick in risk taking levels, which came following President Trump’s call for $1.0 tln in infrastructure spending. The… Read more »

NVLX Wodonga 4 Apr 2017: Stronger trends in smaller yarding

Cattle prices have shown stronger price trends over trade and secondary categories in a smaller yarding of 1030 at NVLX Wodonga. The post NVLX Wodonga 4 Apr 2017: Stronger trends in smaller yarding appeared first on Beef Central. Source: Beef Central NVLX Wodonga 4 Apr 2017: Stronger trends in smaller yarding

XE Market Analysis: US Dollar Holds Gains as Trade Deficit Shrinks

OVERVIEW Australia’s central bank kept interest rates on hold as expected at 1.5%. Trade data for Australia showed a surplus of A$3.57 billion in February, more than double the previous month. Canada’s trade balance swung to an unexpected deficit of almost C$1 billion in February as exports fell 2.4%. Eurozone retail sales rose 0.7% in… Read more »

Weekly rainfall wrap + 14 day outlook, 5 Apr 2017

Ex-tropical cyclone Debbie brought very heavy rainfall from Bowen to St Lawrence and adjacent inland areas before turning south-southeast, with moderate to heavy falls east of a line from about Bowen on the central coast of Queensland south to St George, and across the Queensland–New South Wales border to Moree in northern New South Wales…. Read more »

XE Market Analysis: North America – Apr 04, 2017

The dollar and yen continued to ascend versus most other currencies amid a mostly risk-off environment. Most stock markets in Asia and Europe followed Wall Street declines of yesterday, while S&P 500 futures also came under pressure. The yield gap between French and German 2-year debt rose to new post-euro crisis highs amid positioning ahead… Read more »

Weekly genetics review: Artificial breeding gathering momentum

While most Australian dairy farms are ‘bull-free zones’ relying entirely on artificial insemination to impregnate their cows, AI in beef herds is also growing – in both seedstock and commercial herds. The post Weekly genetics review: Artificial breeding gathering momentum appeared first on Beef Central. Source: Beef Central Weekly genetics review: Artificial breeding gathering… Read more »

Data collection key for Central Qld commercial Wagyu producer

Central Queensland commercial Wagyu producer Darren Hamblin collects and interprets performance data at a level that sets him apart from most commercial beef producers. The post Data collection key for Central Qld commercial Wagyu producer appeared first on Beef Central. Source: Beef Central Data collection key for Central Qld commercial Wagyu producer

XE Market Analysis: Europe – Apr 04, 2017

The yen remained bid. USD-JPY fell for a third consecutive session, logging a one-week low at 110.36. Stock market weakness, amid reports investors have been rotating capital into bonds from equities as part of a Q2 strategy, has been weighting on the pair in accordance with the usual correlative pattern. Some yen crosses are showing… Read more »

Repro360 program aims for better outcomes from reproduction technologies

A new online and telephone ‘helpline’ resource for cattle breeders has been launched to improve reproductive management within Australian livestock systems. The post Repro360 program aims for better outcomes from reproduction technologies appeared first on Beef Central. Source: Beef Central Repro360 program aims for better outcomes from reproduction technologies

Grain Central’s April 2017 grain news quiz

Test your knowledge on current Australian grain industry news with Grain Central’s monthly quiz The post Grain Central’s April 2017 grain news quiz appeared first on Grain Central. Source: Grain Central Grain Central’s April 2017 grain news quiz

Fitness-trackers on sheep could revolutionise industry

Fitness-trackers can help humans get their 10,000 thousand steps per day, but use them on sheep and it will revolutionise the industry, according to researchers. Source: ABC Livestock Fitness-trackers on sheep could revolutionise industry

Agricultural damage bill grows as floodwater continues to rise

Some producers upstream of the Fitzroy River in Rockhampton start assessing the damage caused by ex-tropical cyclone Debbie, while others are still waiting for rivers to peak. Source: ABC Beef Cattle Agricultural damage bill grows as floodwater continues to rise

Brazil intent on expanding beef markets in Asia

The Australian beef industry is urged to differentiate its products as Brazil expands its markets in Asia. Source: ABC Beef Cattle Brazil intent on expanding beef markets in Asia

South African vet highlights trace mineral impact on bull fertility

Prominent South African vet Dr Martin Ferreira will touch down in Australia this week for a speaking tour highlighting the impact of trace minerals on bull fertility and semen quality. The post South African vet highlights trace mineral impact on bull fertility appeared first on Beef Central. Source: Beef Central South African vet highlights… Read more »

McDonald’s US move to chilled-only beef: What does it mean for Australia?

A decision by burger giant McDonald’s to adopt a ‘fresh, never frozen’ policy on part of its beef burger offer in the US market is raising questions about the possible impact on Australian frozen beef exports. The post McDonald’s US move to chilled-only beef: What does it mean for Australia? appeared first on Beef Central. … Read more »

Weekly kill: Weather disrupts kills in QLD, NSW

Disruptions caused by last week’s cyclonic wet weather and flooding were in clear evidence in weekly kill statistics released by NLRS this morning. Queensland’s kill was back 23pc, with more like this week, evidence suggests. The post Weekly kill: Weather disrupts kills in QLD, NSW appeared first on Beef Central. Source: Beef Central Weekly… Read more »

NT cattlemen’s conferences: telling it like it is since 1984

In many conferences the annual president’s address is a routine agenda item. At the Northern Territory Cattleman’s Association Conference, it is a scene-setting opening salvo, a forthright and much-anticipated highlight that sets the straight-talking tone for the rest of the event. The post NT cattlemen’s conferences: telling it like it is since 1984 appeared first… Read more »

Thomas Foods International joins ranks of PCAS users

The beef industry’s Pasturefed Cattle Assurance System has attracted another large supply chain, with Thomas Foods International this week signing license agreements to take up the third-party audited program to underpin its grassfed branded beef offer. The post Thomas Foods International joins ranks of PCAS users appeared first on Beef Central. Source: Beef Central … Read more »

Maiden voyage for live export ship Yangtze Harmony

There is a new player in Australia’s livestock exporting industry and its first ship has just left Fremantle bound for Oman. Source: ABC Beef Cattle Maiden voyage for live export ship Yangtze Harmony

Wagga sale 4 April 2017: Higher prices attract more secondary cattle

More than 3300 cattle were yarded at Wagga, as the higher prices of last week drove increased supplies of unfinished cattle onto the market. Price results were mixed, reflecting the plainer quality The post Wagga sale 4 April 2017: Higher prices attract more secondary cattle appeared first on Beef Central. Source: Beef Central Wagga… Read more »

XE Market Analysis: Acceleration on Global Manufacturing Activity

OVERVIEW The US manufacturing sector maintained very strong levels as the PMI cooled slightly from a 2-1/2 year high.  UK manufacturing activity lost some momentum last month as export orders slowed and demand for consumer goods weakened.  The Eurozone manufacturing PMI was unchanged from the flash estimate, with activity growth at a 6-year high for… Read more »

British company buys international marketing rights for pain relief product Tri-Solfen

The owners and developers of the Tri-Solfen have sold the international marketing rights for the pain-relief product to British company Dechra in a deal worth $18 million. The post British company buys international marketing rights for pain relief product Tri-Solfen appeared first on Beef Central. Source: Beef Central British company buys international marketing rights… Read more »

XE Market Analysis: North America – Apr 03, 2017

The dollar majors have been mostly steady in early week trade. USD-JPY recouped to around 111.50 after logging a two-session low at 111.13 in Tokyo trade. EUR-USD managed to remain above Friday’s a two-week low at 1.0650, though price action can best be described as remaining heavy as intraday gains stalled around 1.0680. Cable came… Read more »

New tech to spot cattle tick without leaving the homestead

A leading United States scientist is joining forces with CQUniversity Australia to tackle animal welfare challenges in extensive production systems, through the use of digital technologies which can identify sick animals before the farmer even leaves the homestead. The post New tech to spot cattle tick without leaving the homestead appeared first on Beef Central. … Read more »

XE Market Analysis: Europe – Apr 03, 2017

The dollar majors are steady in early week and early-quarter trade. USD-JPY has recouped to around 111.50 after logging a two-session low at 111.13 earlier in Tokyo trade. EUR-USD has posted a narrow range around 1.0670-80 after finding a toehold on Friday, when a two-week low was left at 1.0650. A batch of data out… Read more »

Wellard to raise $52 million

Wellard Limited has announced a fundraising initiative to raise approximately $52 million to replenish working capital. The post Wellard to raise $52 million appeared first on Beef Central. Source: Beef Central Wellard to raise million

High cattle prices put pressure on Wellard

Australia’s largest livestock exporter announces it will look to shareholders to raise $52 million as high cattle prices put pressure on trade. Source: ABC Beef Cattle High cattle prices put pressure on Wellard

MLA surveys impact of Indian buffalo meat in Indonesia

In nine months Indian buffalo meat has grown to claim 20 percent of the Greater Jakarta beef market – but uptake has not been as rapid as we might have thought, market research by MLA suggests. The post MLA surveys impact of Indian buffalo meat in Indonesia appeared first on Beef Central. Source: Beef… Read more »

Does AWI’s ICC committee provide enough oversight?

AUSTRALIAN Wool Innovation chairman Wal Merriman has hit back at calls for WoolProducers Australia to be enshrined as an oversight body to the grower levy-funded research, development and marketing body. The post Does AWI’s ICC committee provide enough oversight? appeared first on Sheep Central. Source: Sheep Central Does AWI’s ICC committee provide enough oversight?

Wool growers urged to innovate and implement on-farm

WESTERN Victorian wool and sheep meat producers have been urged to innovate to reclaim “acres” from competing commodities and to take some responsibility to adopt new technology and practices on farm. The post Wool growers urged to innovate and implement on-farm appeared first on Sheep Central. Source: Sheep Central Wool growers urged to innovate… Read more »

US Equity and Economic Review: The Markets Consolidate the Trump Bump

     The BEA released the 3rd revision to 4Q GDP.  Overall growth was 2.1% quarter to quarter and 1% Y/Y.  Let’s analyze the four major spending categories, beginning with personal consumption expenditures: Overall PCEs increased 3.5% quarterly and 3.1% annually.  All three components grew consistently on a Q/Q and Y/Y basis.  The U.S. consumer is… Read more »

US Bond Market Week in Review: Williams and Rosengran Explain Why the Fed is Raising Rates

     Academic bloggers and other high-profile commentators have argued there is still sufficient slack in the economy to warrant keeping rates low for now.  Labor utilization measures (such as the U-6 unemployment rate) and wages are still weak.  Top-line economic growth is still modest or moderate (to use two of the Fed’s favorite adjectives).  And… Read more »

International Economic Week in Review: Brexit Begins

     The week’s biggest news was the UK’s invocation of Article 50, formally beginning “Brexit.”  Numerous people have offered commentary on this event.  But there are only 2 firm conclusions anyone can draw about the situation.  First, the EU will make sure that the UK experiences large enough economic pain to dispel other countries… Read more »

Family braves floodwaters to save horse on their doorstep

A father and son from Murwillumbah team together to save a neighbour’s horse from drowning, nursing the animal through the night in freezing floodwaters. Source: ABC Livestock Family braves floodwaters to save horse on their doorstep

Weekly Indicators: short term again very positive edition

February data included mixed measures of consumer confidence, one soaring and one declining slightly, a more positive Chicago PMI, increases in personal income and spending, but spending flat adjusted for inflation, and an increase in the Case-Shiller house price index. In the rear view mirror, Q4 GDP was revised slightly higher, and Q4 corporate profits… Read more »

Wool is best performing rural commodity this year – NAB

WOOL has been the strongest performing commodity in agriculture since February this year, NAB Agribusiness said this week. Australian agricultural markets have started 2017 in broadly stable territory according to the March Rural Commodities Wrap from NAB Agribusiness, but wool has been the strongest performing commodity. The post Wool is best performing rural commodity this… Read more »

Next few decades can be ‘absolutely extraordinary’: Andrew Robb

Former trade minister Andrew Robb told an audience of 400 cattle producers and beef industry stakeholders in Darwin on Friday that the next few decades can be extraordinary for Australian agriculture, but Australian investment in Asia is needed to capitalise on the opportunity. The post Next few decades can be ‘absolutely extraordinary’: Andrew Robb appeared… Read more »

Aus ag needs foreign capital now more than ever: Robb

Former federal trade minister Andrew Robb has urged businesses in northern Australia to take the fight for foreign investment to the Government. The post Aus ag needs foreign capital now more than ever: Robb appeared first on Beef Central. Source: Beef Central Aus ag needs foreign capital now more than ever: Robb

Stewart Foster wins inaugural Emerging Indigenous Pastoral Leader Award

Morestone Downs leading hand Stewart Foster, 22, was named the inaugural winner of the Alward Foster Memorial Emerging Indigenous Pastoral Leader Award at last Friday’s NTCA conference in Darwin. The post Stewart Foster wins inaugural Emerging Indigenous Pastoral Leader Award appeared first on Beef Central. Source: Beef Central Stewart Foster wins inaugural Emerging Indigenous… Read more »

Weekly and monthly turnover records set on AuctionsPlus

A strong surge in trading over the past fortnight sparked by rain has delivered weekly and monthly cattle turnover records for AuctionsPlus. Steers and unjoined heifers dominated this week’s catalogue. The market ranged from 5c to 20c dearer across most of the weight ranges. The post Weekly and monthly turnover records set on AuctionsPlus appeared… Read more »

XE Market Analysis: Asia – Mar 31, 2017

The dollar traded lower through most of the N.Y. session on Friday, with week/month/quarter end positioning the driving factor. Incoming data was mixed, with personal income and Chicago PMI both beating, while consumption and Michigan sentiment missed their marks. EUR-USD topped just over 1.0700, then later eased into 1.0665 lows, while USD-JPY faded from 111.97… Read more »

‘Beef Plan North’ to help industry tackle trade opportunities

Four cattle producer-representative organisations signed an agreement at the NTCA conference in Darwin on Friday, which should add horsepower to efforts to coordinate the future development of the Northern Australian beef industry. The post ‘Beef Plan North’ to help industry tackle trade opportunities appeared first on Beef Central. Source: Beef Central ‘Beef Plan North’… Read more »

Trade talks continue with Vietnam over prawn issue

High-level talks to prevent possible trade repercussions for Australia’s cattle export industry to Vietnam in response to Australia’s suspension of Vietnamese prawn imports continue, the NTCA conference in Darwin was told last Friday. The post Trade talks continue with Vietnam over prawn issue appeared first on Beef Central. Source: Beef Central Trade talks continue… Read more »

XE Market Analysis: Canadian Dollar Rises on Strong GDP

OVERVIEW Eurozone consumer price inflation slowed in March far more than the market had expected, dipping to 1.5% from 2% in February with core inflation dropping to 0.7%.  Donald Tusk said the EU will not pursue a punitive approach to Brexit.  UK quarterly GDP growth was unrevised at 0.7% as expected though the annualized figures… Read more »