Month: August 2017

XE Market Analysis: North America – Aug 31, 2017

The dollar rallied for a second day, getting a helping hand via re-energized selling in EUR-USD on the Reuters report of ECB sources saying that policymakers have been becoming increasingly worried about the pace of euro gains. EUR-USD dove to a new four-session low of 1.1846, earlier having met solid selling interest above 1.1900. The… Read more »

Bindaree Beef sells majority stake to Hong Kong based investor

New South Wales processor Bindaree Beef will tomorrow announce the sale of 51pc of the business to wealthy Hong Kong based Australian citizens, the Hui family and their investment firm, Archstone Investment. The post Bindaree Beef sells majority stake to Hong Kong based investor appeared first on Beef Central. Source: Beef Central Bindaree Beef… Read more »

At $17,000 a carcase, Wagyu is serious business in Japan’s wholesale meat market

Watching individual high quality Wagyu carcases sell for the equivalent of $17,000 Australian left an indelible impression on the Australian Wagyu tour group on the first day of their 2017 study tour to Japan today. The post At $17,000 a carcase, Wagyu is serious business in Japan’s wholesale meat market appeared first on Beef Central. … Read more »

GrainCorp co-mingles its storage, logistics and marketing units

GrainCorp has announced moves to simplify its business structure through the creation of a single Grains business unit from the existing Storage and Logistics and Marketing businesses. The post GrainCorp co-mingles its storage, logistics and marketing units appeared first on Grain Central. Source: Grain Central GrainCorp co-mingles its storage, logistics and marketing units

XE Market Analysis: Europe – Aug 31, 2017

The dollar continued higher for a second day, with the narrow trade-weighted USD index logging a four-session peak at 93.02 as EUR-USD ebbed to a four-session low at 1.1866. USD-JPY climbed above 110.50, extending the recovery from the four-month low seen on Tuesday at 108.26. The move has been concomitant with a pick in risk… Read more »

Damage and disease risks triggering vast landholder funded feral pig shoots

Landholders organising a large feral pig cull in western Queensland say concerns about disease and biosecurity risks have become as much a motivation for the campaign as the need to curb damage wild pigs cause to crops, pasture, livestock and fencing and water infrastructure. The post Damage and disease risks triggering vast landholder funded feral… Read more »

Cattle exporter Wellard reports $77m loss

Australia’s largest livestock exporter Wellard Limited reports “extremely disappointing” $77 million loss, blaming high cattle costs and a drop in demand. Source: ABC Beef Cattle Cattle exporter Wellard reports m loss

Kimberley abattoir gets nod to export beef to US

The only abattoir in the Kimberley has just received approval to export its beef to the United States. Source: ABC Beef Cattle Kimberley abattoir gets nod to export beef to US

Seasonal climate outlook Sep-Nov 2017

For most of the country, there are roughly equal chances of a wetter or drier spring, according to the Bureau of Meteorology’s latest three month climate outlook released this morning. The post Seasonal climate outlook Sep-Nov 2017 appeared first on Sheep Central. Source: Sheep Central Seasonal climate outlook Sep-Nov 2017

Wellard reports $77m loss for full year to June 2017

Wellard Ltd has released its full financial results for the year ended 30 June 2017 to the ASX today, confirming a net loss after tax of $77.3 million. The post Wellard reports $77m loss for full year to June 2017 appeared first on Beef Central. Source: Beef Central Wellard reports m loss for full… Read more »

Drought in western Queensland forces organic cattle onto conventional market

With widespread drought conditions across most of western Queensland, some cattle intended to be grown for the organic market are instead being sold to conventional feedlots. Source: ABC Livestock Drought in western Queensland forces organic cattle onto conventional market

Additional water now available for Gulf agriculture projects

Previously unallocated water from the Gulf water catchment in north west Queensland is being made available to agriculture by the Queensland Government. The post Additional water now available for Gulf agriculture projects appeared first on Grain Central. Source: Grain Central Additional water now available for Gulf agriculture projects

10 Qld beef families funded to establish co-operative

A group of 10 north Queensland cattle producing families has received $157,000 to establish a farming cooperative. The post 10 Qld beef families funded to establish co-operative appeared first on Beef Central. Source: Beef Central 10 Qld beef families funded to establish co-operative

XE Market Analysis: Asia – Aug 30, 2017

The dollar rallied in the aftermath of the strong ADP jobs report, and the upgraded Q2 GDP revision, taking EUR-USD to 1.1895 lows from 1.1930 into the open. USD-JPY bounced to 110.43 from around 110.00. After a brief correction lower following a Trump tweet, which said “talking is not the answer” with regards to N…. Read more »

XE Market Analysis: Dollar Strengthens After GDP Revised Up

OVERVIEW North Korea concerns ease, sending stocks higher. Upward revisions to US Q2 GDP growth have raised Fed rate hike expectations. ADP reported a higher than forecast number of US jobs created in August. UK mortgage approval data was stronger than expected, though consumer lending slowed. German CPI rose to 1.8% in August, exceeding expectations… Read more »

Grainfed losses ease to $69/head in latest trading budget

While declining feeder cattle values have provided some relief, the recent kick in feedgrain prices has kept profitability well into the negative in Beef Central’s latest 100-day grainfed trading budget calculated yesterday, where our typical feeder steer registered a loss of $69. Our latest trading budget has delivered a theoretical loss of $69 per head,… Read more »

XE Market Analysis: North America – Aug 30, 2017

The dollar recovered some lost ground today. The narrow trade-weighted USD index was showing a 0.2% gain at 92.42 as of the early European PM session, up from yesterday’s low at 91.55, which is the lowest level seen since January 2015. EUR-USD fell to a low of 1.1938, down over 40 pips from yesterday’s New… Read more »

Middle Eastern investor sells-up remaining agricultural properties in SA

A Middle Eastern investor with an agriculture portfolio valued at nearly half a billion dollars has announced it is selling its remaining farmland in South Australia. Source: ABC Grain Middle Eastern investor sells-up remaining agricultural properties in SA

Queensland Gulf water now available

Applications can now be made for 92,500 megalitres of water in the Cloncurry and Gilbert Rivers. The post Queensland Gulf water now available appeared first on Beef Central. Source: Beef Central Queensland Gulf water now available

XE Market Analysis: Europe – Aug 30, 2017

The dollar is trading firmer against most of its main peers, while the yen has underperformed. USD-JPY has led the way, with the pair having recouped above 110.00 from yesterday’s low at 108.26. Yen crosses are also higher, with EUR-JPY rallying to a 19-month high today, for instance. Trump’s measured response to North Korea’s launch… Read more »

Property: Qld grazing’s ‘Golden triangle’ maintains its lustre

Southern Qld’s ‘golden triangle’ area bordered by Taroom, Roma and Wandoan had set the pace for grazing land market improvement in the northern state, lifting 25-35pc in some examples over the course of the past 12-18 months, valuer Doug Knight suggests. The post Property: Qld grazing’s ‘Golden triangle’ maintains its lustre appeared first on Beef… Read more »

Latest flystrike research recommends producers cull sheep struck by flies

SHEEP producers should cull any sheep which have been struck by flies and their progeny, the latest Australian breech flystrike research has recommended. The post Latest flystrike research recommends producers cull sheep struck by flies appeared first on Sheep Central. Source: Sheep Central Latest flystrike research recommends producers cull sheep struck by flies

Shiploads of southern wheat on the radar for Brisbane

Southern Queensland’s dry-induced feedgrain deficit is drawing grain from further and further south each week, and some in the trade say a vessel from South Australia or Victoria is close to pricing itself into Brisbane to alleviate metropolitan demand. The post Shiploads of southern wheat on the radar for Brisbane appeared first on Grain Central. … Read more »

RMAC responds to ACCC recommendations, blasts Senator’s criticism of industry leadership

The Red Meat Advisory Council has released its formal response to 15 recommendations made by the Australian Competition and Consumer Commission in its final beef and cattle market study report in March. The post RMAC responds to ACCC recommendations, blasts Senator’s criticism of industry leadership appeared first on Beef Central. Source: Beef Central RMAC… Read more »

Queensland boosts cluster fencing promotion to grow the flock + VIDEOS

OUTBACK Queensland community and industry bodies are continuing to promote the uptake and funding of cluster fence development for wild dog control and sheep industry growth. The post Queensland boosts cluster fencing promotion to grow the flock + VIDEOS appeared first on Sheep Central. Source: Sheep Central Queensland boosts cluster fencing promotion to grow… Read more »

Abattoir closures must force recognition of unsustainable regulatory costs: AMIC

The Australian red meat processing industry’s peak industry council has called on levels of Government and industry to recognise the impact that record input costs, regulatory burden and encumbered market access is having on the industry, following the closure of another processing company within Australia. The post Abattoir closures must force recognition of unsustainable regulatory… Read more »

Lambex 2018 gets a new date, venue, organiser and international theme

AUSTRALIA’S top lamb industry expo – Lambex – has announced a new event organiser, venue, date and focus for the 2018 conference in Western Australia. The post Lambex 2018 gets a new date, venue, organiser and international theme appeared first on Sheep Central. Source: Sheep Central Lambex 2018 gets a new date, venue, organiser… Read more »

Savings for Pilbara pastoralists as live export shipping resumes

Pastoralists in Western Australia’s Pilbara region are excited to see live exports resume from the port of Port Hedland for the first time in more than three years. Source: ABC Livestock Savings for Pilbara pastoralists as live export shipping resumes

Japan Wagyu tour promises to expand Aussie breeders’ knowledge

Almost 40 Australian beef industry stakeholders with an interest in Wagyu cattle leave for Japan out of Sydney this morning, on a two-week study tour designed to further their knowledge and understanding of the Japanese Wagyu supply chain. The post Japan Wagyu tour promises to expand Aussie breeders’ knowledge appeared first on Beef Central. … Read more »

XE Market Analysis: Asia – Aug 29, 2017

It looked like the dollar was out for the count early in the Tuesday N.Y. session, though a bounce in home prices, and a much better than expected consumer confidence outcome rallied stocks, helping the greenback off the floor. EUR-USD fell from near 1.2040 to lows of 1.1982, while USD-JPY topped at 109.53, after printing… Read more »

Online wool sales rise and fall with auction market fluctuations

ONLINE AuctionsPlus wool sales retracted as the record-breaking physical wool market appeared to run its course last week. The post Online wool sales rise and fall with auction market fluctuations appeared first on Sheep Central. Source: Sheep Central Online wool sales rise and fall with auction market fluctuations

Roma store 29 Aug 2017: Market lifts with quality

The quality was above average and the market was 15c/kg stronger on last week. Additional restockers were in attendance and all usual buyers were present and operating. The post Roma store 29 Aug 2017: Market lifts with quality appeared first on Beef Central. Source: Beef Central Roma store 29 Aug 2017: Market lifts with… Read more »

XE Market Analysis: North Korea Missile Launch Rocks Markets, Euro Soars

OVERVIEW North Korea’s missile launch overnight reignites fears that it has no intention of easing tensions with the US, and that military conflict remains a serious risk.  Swiss Franc and Japanese Yen are in demand due to risk aversion global stocks being down sharply. Euro surges through 1.20 with the US Dollar under broad pressure…. Read more »

Weekly rainfall wrap + 14 day outlook, 30 Aug 2017

A vigorous cold front produced moderate falls across southeastern Australia at the start of the week. A cut-off low pressure system and cold front generated showers and thunderstorms in southeastern South Australia later in the week. The post Weekly rainfall wrap + 14 day outlook, 30 Aug 2017 appeared first on Sheep Central. Source:… Read more »

A tale of two housing slowdowns

Last year after interest rates spiked in the wake of the Presidential election, I forecast a slowdown in the housing market, which duly arrived beginning this spring. We had a similar slowdown in early 2014 after the “taper tantrum:” Source: XE news feed A tale of two housing slowdowns

Wagga sale 29 Aug 2017: Weaker trend over most classes

In a bigger yarding at NVLX Wodonga rates continued to show weaker trends over most classes. The one highlight of the sale was vealers where well finished calves spurred most domestic buyers which lifted prices notably. The post Wagga sale 29 Aug 2017: Weaker trend over most classes appeared first on Beef Central. Source:… Read more »

XE Market Analysis: North America – Aug 29, 2017

The dollar came under broad pressure while the yen outperformed as a run-to-the-hills sentiment coursed through global markets, with North Korea escalating geopolitical tensions by launching a missile over Japan (ultimately landing in the sea to the east). This comes with the markets trying to assess the economic damage in storm-afflicted Texas, and amid an… Read more »

NSW moves to strengthen stock theft laws

The New South Wales Government says it will move to strengthen laws concerning stock theft, trespass and illegal hunting following a review of the current law by former NSW Police Force Assistant Commissioner Steve Bradshaw. Police Minister Troy Grant Grant said the Bradshaw Review identified a number of areas for improvement in responding to rural crime… Read more »

XE Market Analysis: Europe – Aug 29, 2017

The dollar has come under fresh pressure as the London interbank take to their desks. EUR-USD has punched out new 31-month highs, this time above 1.1990, while the narrow trade-weighted USD index hit a 16-month low at 92.06. USD-JPY dove to a four-month low at 108.33 in early Asia-Pacific dealings before settling in the upper… Read more »

Weekly genetics review: What will commercial breeders pay for bulls?

While bull vendors appreciate bidding interest from other studs for the genetics they are producing, and welcome the added competition at sales, commercial cattle producers are still the most reliable and stable supporters of bull sales, year-in, year-out. How much are they prepared to pay for good bulls this year? The post Weekly genetics review:… Read more »

Hailstorms dump more misery on struggling WA crop farmers

Broadacre farmers in Western Australia, who have struggled all year with dry conditions, are now suffering from hail and storm damage. Source: ABC Grain Hailstorms dump more misery on struggling WA crop farmers

Lessons from the Angus Sire Benchmarking Program

Progeny of high performing sires for yearling weight had progeny that were on average 35kg heavier than those from low performers, worth around $105 per animal, a recent project exploring the value of EBVs and Selection Indexes has found. The post Lessons from the Angus Sire Benchmarking Program appeared first on Beef Central. Source:… Read more »

Hassad lists South Australian cropping aggregations, Raby in NSW

Hassad Australia has listed its two South Australian cropping aggregations, Cummins/Ungarra on the Eyre Peninsula and Glendale in the Mid North, as well as its Macquarie Valley sheep property, Raby, in NSW for sale to make way for a planned expansion into post-farm gate operations. The post Hassad lists South Australian cropping aggregations, Raby in… Read more »

Harvey not the Wallbanger markets feared…

The US Pro Farmer crop tour last week reflects dryness affecting corn and soybean production estimates in survey states. Nonetheless the record corn crops in Brazil and Argentina are likely to see those exporters dominate export trade. US Gulf shipments of corn and beans will also struggle in the aftermath of hurricane Harvey The post… Read more »

Will the future of meat production be in a brewing vat?

As the debate rages about the future for laboratory-grown meat, Australian producers believe there will always be demand for naturally grown beef that is ethically produced by Australian farmers. Source: ABC Livestock Will the future of meat production be in a brewing vat?

Churchill abattoir closure leaves Woolworths looking for a northern beef kill

Churchill abattoir in southeast Qld has announced that it will close its doors from the end of September, in a dramatic reflection of the parlous financial state of the Australian red meat processing sector at present. The shock closure has left the nation’s largest supermarket retailer without a northern beef kill, in just four weeks’… Read more »

Bluetongue zone extended south to include 20 new NT properties

Approximately 20 new properties within Central Australia and the Barkly now fall within the bluetongue virus zone within the Northern Territory. Source: ABC Livestock Bluetongue zone extended south to include 20 new NT properties

Producers taking advantage of LPA, J-BAS info sessions around the country

Livestock producers have been crowding into halls and conference venues around the country to learn more about their changing responsibilities under new Livestock Production Assurance biosecurity rules and Johne’s Disease management arrangements. The post Producers taking advantage of LPA, J-BAS info sessions around the country appeared first on Beef Central. Source: Beef Central Producers… Read more »

Qld grids surge 20c/kg as slaughter cattle ‘tap’ turns off

Some Qld grid prices have lifted sharply since Friday, as the steady supply of slaughter cattle pushed towards processors by widespread dry conditions runs out of steam. Several direct consignment offers lifted a dramatic 20c/kg in one jump on Friday, taking best offers on four-tooth heavy grassfed ox back up to 490c/kg. The post Qld… Read more »

Senate McKenzie’s venting not helpful to industry: Cattle Council

Cattle Council of Australia is calling out Senator Bridget McKenzie’s public venting against Peak Industry Council’s handling of the Australian Competition and Consumer Commission’s (ACCC) recommendations as a complete misrepresentation of the facts. The post Senate McKenzie’s venting not helpful to industry: Cattle Council appeared first on Beef Central. Source: Beef Central Senate McKenzie’s… Read more »

XE Market Analysis: Asia – Aug 28, 2017

The dollar lost ground through the N.Y. session, with fallout from Yellen’s non-policy speech on Friday continuing to weigh down the greenback. Trade was relatively thin, as London was on holiday. EUR-USD printed 2.5 year highs of 1.1983, coming from near 1.1925 at the open, while USD-JPY fell back from 109.41 highs, easing into 109.00… Read more »

Wagga sale 29 Aug 2017: Price fluctuate in bigger yarding

Prices continued to fluctuate in a bigger yarding at Wagga as the market struggled to find a base amid mixed quality, seasonal variations and volatile grain prices. The post Wagga sale 29 Aug 2017: Price fluctuate in bigger yarding appeared first on Beef Central. Source: Beef Central Wagga sale 29 Aug 2017: Price fluctuate… Read more »

NSW moves to strengthen stock theft laws

The New South Wales Government says it will move to strengthen laws concerning stock theft, trespass and illegal hunting following a review of the current law by former NSW Police Force Assistant Commissioner Steve Bradshaw. The post NSW moves to strengthen stock theft laws appeared first on Beef Central. Source: Beef Central NSW moves… Read more »

XE Market Analysis: North America – Aug 28, 2017

The dollar saw fresh lows versus the euro, yen and other currencies in early Asia-Pacific trade before currency pairings settled in narrow ranges, with liquidity lacking amid the absence of London markets today. EUR-USD has settled to a narrow range around 1.1920-40 after logging a new 31-month high at 1.1959 in early Asia, extending the… Read more »

Elders’ humble son of Queensland wool industry is top Australian broker

A HUMBLE son of Australia’s outback wool industry is the nation’s top young broker for 2017. Elders Walgett district wool manager Brett Smith was presented with the prestigious 2017 National Council of Wool Selling Brokers of Australia Wool Broker Award at the 2017 Wool Week dinner in Melbourne last Friday night. The post Elders’ humble… Read more »

Is feeder steer production displacing the north’s traditional grassfed bullock?

Is the northern beef industry drifting away from grassfed bullocks towards feeder steer production? It’s been a topic of considerable conversation in supply chain circles over the past six months or so. In this article, we seek some answers from producers, lotfeeders and processors. The post Is feeder steer production displacing the north’s traditional grassfed… Read more »

AgQuip sees launch of world’s first articulated tractor with CVT

Case IH has introduced Continuously Variable Transmission (CVT) into its high-horsepower, Steiger tractors, making the Steiger the world’s first articulated tractor with CVT. The post AgQuip sees launch of world’s first articulated tractor with CVT appeared first on Grain Central. Source: Grain Central AgQuip sees launch of world’s first articulated tractor with CVT

Record-breaking bull sale in Fitzroy Crossing

The annual bull sale at Fitzroy Crossing has broken a number of records, with 198 bulls selling for more than $990,000, which is understood to be the highest-grossing bull sale in Western Australia’s history. Source: ABC Beef Cattle Record-breaking bull sale in Fitzroy Crossing

Why did goat prices suddenly fall off a cliff?

The chart tells the story: after a sustained and continuous rise spanning more than three years, goat prices have suddenly plummeted, losing more than 30 percent of their value in a few short weeks. The post Why did goat prices suddenly fall off a cliff? appeared first on Beef Central. Source: Beef Central Why… Read more »

Interest in UNE sheep and wool units booming, but ag course uptake waning

STUDENT uptake of sheep and wool courses at the University of New England has tripled in the last 10 years, but the overall number of agricultural students is waning, a Wool Week luncheon crowd was told last week. The post Interest in UNE sheep and wool units booming, but ag course uptake waning appeared first… Read more »

Wool4School students present winning designs for Australian singers

SINGERS Kylie Minogue, Ed Sheeran, Lady Gaga, Sia and Taylor Swift are among the many superstars Australian school students have been designing for as part of the latest Wool4School competition. The post Wool4School students present winning designs for Australian singers appeared first on Sheep Central. Source: Sheep Central Wool4School students present winning designs for… Read more »

Victoria’s top young auctioneers to line up at Pakenham next month

THE annual ALPA Victorian Young Auctioneers Competition will feature 10 of the state’s top young livestock sellers in Pakenham next month. The post Victoria’s top young auctioneers to line up at Pakenham next month appeared first on Sheep Central. Source: Sheep Central Victoria’s top young auctioneers to line up at Pakenham next month

Rice company set for $40 million profit

SunRice, the consumer brand and trading name of Ricegrowers Limited and one of Australia’s largest exporters of processed branded foods, anticipates its FY18 Net Profit after Tax (NPAT) will be around $40 million. The post Rice company set for $40 million profit appeared first on Grain Central. Source: Grain Central Rice company set for… Read more »

Flystrike Assist app revamped and ready for high-risk WA fly season

WESTERN Australia’s innovative Flystrike Assist app has been updated and revamped ahead of an expected high-risk blowfly season in the state. The post Flystrike Assist app revamped and ready for high-risk WA fly season appeared first on Sheep Central. Source: Sheep Central Flystrike Assist app revamped and ready for high-risk WA fly season

Ostwald Bros placed in voluntary administration

Prominent Darling Downs civil engineering and construction firm Ostwald Brothers has been placed in voluntary administration. The post Ostwald Bros placed in voluntary administration appeared first on Beef Central. Source: Beef Central Ostwald Bros placed in voluntary administration

International Economic Week in Review: A Hurricane Shortened Edition

              This is a hurricane shortened piece (we’re fine). Markit released their latest survey numbers earlier in the week.  Manufacturing rose .9 to 57.4; the services index was down slightly, moving from 55.4 to 54.9 and the composite increased .1 to 55.8.  Output and new orders both rose, while new export orders increased to its highest… Read more »

Draft new ag export laws released for industry feedback

Agricultural exporters have until October 24 to read and provide feedback on draft new agricultural export legislation developed by the Federal Government. The post Draft new ag export laws released for industry feedback appeared first on Beef Central. Source: Beef Central Draft new ag export laws released for industry feedback

Animal kingdom to include domestic violence boarding facility

Australia’s largest animal refuge facility would include cat condos and a wing dedicated to housing the pets of domestic violence victims as part of a Sydney council’s ambitious blueprint. Source: ABC Livestock Animal kingdom to include domestic violence boarding facility

US Equity and Economic Week in Review: Real Estate and Equity Market Weakness

        This week was all about housing.  On Wednesday, the Census Bureau released the latest new home sales figures, which were disappointing.  They fell 9.4% M/M and 8.9% Y/Y.  Large declines in the Northeast (-23%) and West (-21%) caused the weakness.  Sales were down in the $200,000-$299,000 (-29%) and $300,000-$399,000 (-23) price… Read more »

Weekly Indicators: no eclipse of the positive data edition

July data included a decrease in both new and existing home sales, while prices continued to increase.  Durable goods orders also declined, but ex-transportation, and “core” orders increased.   Source: XE news feed Weekly Indicators: no eclipse of the positive data edition

Sharp drop-off in AuctionsPlus catalogue as dry bites

This week’s AuctionsPlus catalogue was back more than 2300 head or 30pc on the previous week, to 5453 head. That’s the smallest offering since the Easter-affected week of 15 April, and a fraction of the year-high offering of +13,000 seen back in late June, as dry conditions spread. The post Sharp drop-off in AuctionsPlus catalogue… Read more »

Globally-recognised chefs gathering for Beef 2018

Some of the best-known celebrity chefs from across Asia, Europe, the Middle East and Australia are already booked for presentations at next May’s Beef 2018 industry Expo in Rockhampton. The post Globally-recognised chefs gathering for Beef 2018 appeared first on Beef Central. Source: Beef Central Globally-recognised chefs gathering for Beef 2018

XE Market Analysis: Asia – Aug 25, 2017

The dollar was steady into the Yellen speech from Jackson hole, though pulled back following the release of her prepared comments, which revealed no new clues on the policy outlook. As a result, the FX market appeared to go back to its baseline expectations of no more rate hikes this year. EUR-USD spiked up to… Read more »

XE Market Analysis: Big Focus on Wyoming for Today

OVERVIEW Euro is stronger as German business sentiment outperforms expectations. Jackson Hole hots up with Janet Yellen and Mario Draghi on the card for today. Gold soars as markets focus on central bankers. HIGHLIGHT US durable goods orders knock the Dollar ahead of the Jackson Hole main events. Source: XE news feed XE Market… Read more »

XE Market Analysis: North America – Aug 25, 2017

EUR-USD picked up from lows in the wake of an above-forecast German Ifo sentiment index for August, which showed a more modest pullback from July’s record high than had been anticipated alongside an encouraging jump in business expectations. The euro logged a post-data high of 1.1801 before stalling out, with market participants lacking commitment to… Read more »

XE Market Analysis: Europe – Aug 25, 2017

Forex markets have been directionally challenged for the most part in Asian trading to far, with participants hunkered down ahead of the Yellen and Draghi show at the Jackson Hole symposium today. EUR-USD has continued to narrowly orbit the 1.1800 level, and Cable has steadied near 1.2800, despite yesterday’s dismal CBI distributive sales report having… Read more »

Could falling Australian cattle prices trigger more live shipments to China?

Exporters and importers have been watching and waiting for months for the economics of the Australia to China cattle export trade to align, and it seems the recent downturn in Australian cattle prices is bringing that point closer. The post Could falling Australian cattle prices trigger more live shipments to China? appeared first on Beef… Read more »

Inaugural Australian Wool Industry Medals reward passion and persistence

PEOPLE with an enduring passion for wool, people and sheep were rewarded at the inaugural presentation of Australian Wool Industry Medals in Melbourne last night. The post Inaugural Australian Wool Industry Medals reward passion and persistence appeared first on Sheep Central. Source: Sheep Central Inaugural Australian Wool Industry Medals reward passion and persistence

Respected NT cattleman leaves for CPC after 32 years with AACo

Respected Northern Territory cattleman Henry Burke settles into his new role with Australia’s second-largest cattle company after 32 years with the country’s largest. Source: ABC Beef Cattle Respected NT cattleman leaves for CPC after 32 years with AACo

Ban the wet/dry scan and find your productive ewes

“BAN the scan” is becoming an Australian sheep industry catchcry, as consultant and educator Dr Jason Trompf urges producers to move away from pregnancy scanning ewes for wet/dry, or pregnancy only, to the detection of dry, single and twin bearing ewes. The post Ban the wet/dry scan and find your productive ewes appeared first on… Read more »

Global beef prices may be set to rise, analyst suggests

While supply-side issues have driven the beef market in Australia over the past two months, the demand-side of the equation may be about to re-exert greater influence, pushing prices higher, an independent analyst says. The post Global beef prices may be set to rise, analyst suggests appeared first on Beef Central. Source: Beef Central … Read more »

Recruitment: Close link between staff satisfaction and ag business performance

The most successful farmers overseas have mastered staff retention and are considered ‘employers of choice’ in their industry and community, a recently returned Nuffield scholar says. The strongest businesses were led by strong leaders that practiced good governance, core values, continual communication and accountability measures, according to WA farmer and grazier Reece Curwen. The post… Read more »

Speakers confirmed for MSA Award and producer forums around Australia

With the first of MLA’s 2017 Meat Standards Australia Excellence in Eating Quality Awards and producer forums less than a month away, a strong line-up of speakers has been confirmed for each state, including industry expert speakers and guest appearances from some of Australia’s best known past and present sporting stars. The post Speakers confirmed… Read more »

Free eNVD launched to integrate sheep, goat, beef declarations

A NEW free electronic National Vendor Declaration for Australia’s sheep and goat meat, and beef producers has been launched by Meat & Livestock Australia subsidiary, the Integrity Systems Company. The post Free eNVD launched to integrate sheep, goat, beef declarations appeared first on Sheep Central. Source: Sheep Central Free eNVD launched to integrate sheep,… Read more »

XE Market Analysis: Asia – Aug 24, 2017

FX trade was relatively calm in N.Y. on Thursday, with narrow ranges the rule for major dollar pairings. More of the same is in the cards ahead of Friday’s Jackson Hole speeches from Yellen and Draghi. On the U.S. data front, jobless claims were about in-line with expectations, though existing home sales were softer than… Read more »

Dubbo sale 24 Aug 2017: Yearling steer and heifer prices lift

Vealers to the trade were cheaper mainly due to the variation in quality while the steer yearlings were firm to 4c dearer. Heifer yearlings to the trade were 10c to 14c dearer. The post Dubbo sale 24 Aug 2017: Yearling steer and heifer prices lift appeared first on Beef Central. Source: Beef Central Dubbo… Read more »

The 2017 housing stall continues

Yesterday’s new home sales report — subject always, to sharp revisions — for now confirms the slowdown in the housing market. Although the previous months were revised higher, sales of new single family homes have failed to make a new high for — months (blue in the graph below), and confirm the stagnation shown by… Read more »

XE Market Analysis: Markets Watch as Jackson Hole Kicks Off

OVERVIEW British Pound slumps as GDP for Q2 is confirmed at 0.3%. Currency markets eye Jackson Hole in a vacuum of significant economic data. ECB policy maker, Ardo Hansson, says he is not concerned about the strength of the Euro. HIGHLIGHT Source: XE news feed XE Market Analysis: Markets Watch as Jackson Hole Kicks… Read more »

Wool prices come quickly off last week’s record indicator peak

AUSTRALIAN wool growers and brokers reacted strongly to the dramatic market correction this week, passing in 14 percent of the auction offering. The post Wool prices come quickly off last week’s record indicator peak appeared first on Sheep Central. Source: Sheep Central Wool prices come quickly off last week’s record indicator peak

Livestock Biosecurity Network appoints AHA manager as CEO

ANIMAL Health Australia biosecurity executive manager Duncan Rowland will head up the Livestock Biosecurity Network from mid-October. The post Livestock Biosecurity Network appoints AHA manager as CEO appeared first on Sheep Central. Source: Sheep Central Livestock Biosecurity Network appoints AHA manager as CEO

XE Market Analysis: North America – Aug 24, 2017

EUR-USD drifted below 1.1800, extending the modest downward drift from yesterday’s post-PMI high at 1.1823. Position trimming appears to in play ahead of tomorrow’s speeches by Fed’s Yellen and ECB’s Draghi from the Jackson Hole symposium. USD-JPY settled in the lower 109.0s, so far holding comfortably within yesterday’s range, lacking directional bias. Source: XE… Read more »

XE Market Analysis: Europe – Aug 24, 2017

Sterling posted a fresh eight-year low versus the euro during the pre-London session in Asia, and Cable a new eight-week low, at 1.2774. The underperformance of the pound comes after the solid flash August PMI data out of the Eurozone yesterday and ahead of today’s second estimate Q2 GDP release out of the UK, which… Read more »

Old ships used for live export under scrutiny

The maritime safety regulator is aiming to crack down on outdated livestock export vessels in a bid to improve animal welfare on old ships. Source: ABC Livestock Old ships used for live export under scrutiny

Carcase grading: Dentition barriers starting to come down

A major breakthrough is happening this week in the often vexatious and divisive issue of the use of dentition as an indicator of determining meat quality in the Australian beef industry. The post Carcase grading: Dentition barriers starting to come down appeared first on Beef Central. Source: Beef Central Carcase grading: Dentition barriers starting… Read more »

Eight-year mission to move on from industry’s costly dentition assessment

This week’s announcement that the beef industry is to adopt an alternate meat trading cipher based solely on meat quality, with no reference to dentition, represents the final stage in an eight-year crusade for change. The post Eight-year mission to move on from industry’s costly dentition assessment appeared first on Beef Central. Source: Beef… Read more »

Report outlines crop insurance options now available for grain growers

National grain farmer representative body, GrainGrowers, has today released a report highlighting the Multi-Peril Crop Insurance (MPCI) options available this year for grain farmers. The post Report outlines crop insurance options now available for grain growers appeared first on Grain Central. Source: Grain Central Report outlines crop insurance options now available for grain growers

Higher $A brings goat’s four-year price rise to a halt

A steady four-year rise in Australian goat prices has been brought to a sudden and dramatic halt in August by the recent sharp rise in the Australian dollar. The post Higher $A brings goat’s four-year price rise to a halt appeared first on Beef Central. Source: Beef Central Higher $A brings goat’s four-year price… Read more »