Month: August 2017

SA police boost Operation Poach to combat livestock thefts

Regional police will receive extra training to combat the spike in livestock thefts from farms in South Australia. Source: ABC Livestock SA police boost Operation Poach to combat livestock thefts

Footrot spreads in NSW, despite dry conditions

Sheep graziers across New South Wales are being warned that an outbreak of virulent footrot is spreading, despite dry seasonal conditions. Source: ABC Livestock Footrot spreads in NSW, despite dry conditions

Electronic National Vendor Declarations launched

Producers can now use the eNVD to transfer Livestock Production Assurance (LPA) information, as well as animal health declarations, Meat Standards Australia (MSA) declarations and National Feedlot Accreditation Scheme (NFAS) documents, electronically. The post Electronic National Vendor Declarations launched appeared first on Beef Central. Source: Beef Central Electronic National Vendor Declarations launched

XE Market Analysis: Asia – Aug 23, 2017

The dollar gave up some of its overnight gains in N.Y. trade on Wednesday, as risk-off conditions returned following Tuesday’s sharp Wall Street gains. Stocks were lower on Wednesday, following Trump’s speech the previous evening, where he threatened to shut down the government if his border wall was not funded. EUR-USD rallied to 1.1819 highs,… Read more »

Failure to ID cattle with NLIS tags costs Dubbo producer $1370

Failure to attach permanent NLIS identifiers to cattle presented for sale at Dubbo has cost a Central West primary producer $1370 in a fine and costs. The post Failure to ID cattle with NLIS tags costs Dubbo producer $1370 appeared first on Beef Central. Source: Beef Central Failure to ID cattle with NLIS tags… Read more »

MLA funding for seven new on-farm producer demonstration projects

Groups in New South Wales, Victoria, Western Australia and Tasmania have each received up to $25,000 for seven different projects as part of the Meat & Livestock Australia (MLA) Producer Demonstration Sites (PDS) program in 2017-18. The post MLA funding for seven new on-farm producer demonstration projects appeared first on Beef Central. Source: Beef… Read more »

XE Market Anaylsis: Sterling Under Pressure as the UK Government Steps into Negotiations

OVERVIEW The Euro strengthens as manufacturing data reaches a 6-year high. Sterling under pressure as Brexit uncertainty weighs. Robust trade data from China helps stocks. New home sales in the US fall 9.4% in July. HIGHLIGHT Source: XE news feed XE Market Anaylsis: Sterling Under Pressure as the UK Government Steps into Negotiations

XE Market Analysis: North America – Aug 23, 2017

The dollar traded softer versus the main European currencies and the yen, though held up better against the Canadian dollar and other commodity currencies. The euro outperformed concomitantly with a rise in Bund yields following Eurozone PMI data, with the surveys showing an unexpected improvement to a reading to 57.4 in the composite flash reading… Read more »

Weekly property review: Quality listings starting to re-emerge

After a period of time where grazing listings of any significance have been few and far between due to drying conditions across large parts of eastern Australia, some interesting assets are starting to come to market, reports property editor Linda Rowley. The post Weekly property review: Quality listings starting to re-emerge appeared first on Beef… Read more »

What’s water worth in the north?

The access to, use of and reliability of water continues to be a strong driver for rural land sales, where higher-value crops or permanent plantings are replacing traditional land use, HTW says in its latest August property market report. There is still capital for such new developments, but finding the right combinations of land, water,… Read more »

AWH launches a ‘China Plan’ based on domestic wool-handling growth

AUSTRALIA’S biggest wool handler AWH is hoping efficiency initiatives and data-driven innovation can “pull-through” more bales into its farm to port network, leading to an expansion into China. The post AWH launches a ‘China Plan’ based on domestic wool-handling growth appeared first on Sheep Central. Source: Sheep Central AWH launches a ‘China Plan’ based… Read more »

AACo boss farewells shareholders at annual meeting

With the departure of its CEO, the chairman of Australia’s largest beef producer says the firm will push ahead with its luxury branded beef strategy. Source: ABC Beef Cattle AACo boss farewells shareholders at annual meeting

Live export prices ease under A$ pressure

For the first time in over a year, quotes for feeder steers out of Darwin have eased to 320c/kg, a level not seen since June 2016. The post Live export prices ease under A$ pressure appeared first on Beef Central. Source: Beef Central Live export prices ease under A$ pressure

Boom in feedlot numbers continues, with June quarter close to 1.1m head

After crashing through the one million head barrier for the first time in the March quarter, numbers on feed across the Australian feedlot industry continue to expand, hitting a new record high around 1.1 million head in the quarter ended June 30. The post Boom in feedlot numbers continues, with June quarter close to 1.1m… Read more »

Precision wins Brownhill Cup for Premer farmer

Premer district farmer and Precision Seeding Solutions director, David McGavin, has been named the 2017 winner of the Brownhill Cup for his work in precision farming. The post Precision wins Brownhill Cup for Premer farmer appeared first on Grain Central. Source: Grain Central Precision wins Brownhill Cup for Premer farmer

AA Co has ‘built something to be proud of’, chairman tells shareholders

Australian Agricultural Co board chairman Don McGauchie told shareholders attending the company’s annual general meeting in Darwin this morning that over the past four years, the company had “built something to be proud of.” The post AA Co has ‘built something to be proud of’, chairman tells shareholders appeared first on Beef Central. Source:… Read more »

Breed for ‘bricks’ to produce efficient ewes, advises NZ sheep scientist

A LOW, squat, wide brick of an animal will be the efficient breeding ewe of 2027. New Zealand sheep scientist Dr Mark Ferguson is urging producers to reduce selection pressure for big framed sheep. The post Breed for ‘bricks’ to produce efficient ewes, advises NZ sheep scientist appeared first on Sheep Central. Source: Sheep… Read more »

Superfine wool growers adopt policy encouraging an end to mulesing

AUSTRALIA’S superfine wool growers have adopted a policy encouraging the ultimate removal of the need for mulesing. The post Superfine wool growers adopt policy encouraging an end to mulesing appeared first on Sheep Central. Source: Sheep Central Superfine wool growers adopt policy encouraging an end to mulesing

Goat meat prices fall in August following stronger Australian dollar

GOAT meat prices have fallen this month, following on from the strengthening of the Australian dollar against the US currency, Meat & Livestock Australia has reported. The post Goat meat prices fall in August following stronger Australian dollar appeared first on Sheep Central. Source: Sheep Central Goat meat prices fall in August following stronger… Read more »

Producers urged to collect Pimelea samples for researchers

Queensland cattle producers are being encouraged to collect Pimelea plant samples and assist scientists who are researching ways to stop cattle being poisoned by the toxic plant. The post Producers urged to collect Pimelea samples for researchers appeared first on Beef Central. Source: Beef Central Producers urged to collect Pimelea samples for researchers

Pastoralists, environmentalists clash over lease expansions

A pastoralist in the Kimberley faces opposition from environmental groups over plans to extend his pastoral lease to unallocated crown land. Source: ABC Livestock Pastoralists, environmentalists clash over lease expansions

XE Market Analysis: Asia – Aug 22, 2017

The dollar firmed up some in N.Y. trade on Tuesday, leaving EUR-USD at session lows under 1.1850 into the close. USD-JPY meanwhile, topped 109.50, while cable printed one-month lows of 1.2812. USD-CAD bucked the trend, falling to two week lows of 1.2527 after better Canada retail sales volumes. Risk-on returned, with stocks aided by talk… Read more »

Weekly rainfall wrap + 14 day outlook, 23 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, 23 Aug 2017 appeared first on Beef Central. Source:… Read more »

Roma store 22 Aug 2017: Restockers active in heifer-dominated sale

All buyers were present along with active restockers operating in a stronger market where the majority of the yarding were young heifers with 1000 less steers presented for competition. The post Roma store 22 Aug 2017: Restockers active in heifer-dominated sale appeared first on Beef Central. Source: Beef Central Roma store 22 Aug 2017:… Read more »

NVLX Wodonga 22 Aug 2017: Export market a highlight

The highlight of the sale was the export market which was boosted by stronger demand from Thomas Food International. Bullocks rates lifted 7c making from 272-298c to average 294c/kg. Heavy grown steers 500-600kg benefited from stronger domestic competition which helped underpin values. Heavy steers lifted 4c making from 270-300c/kg. The post NVLX Wodonga 22 Aug… Read more »

XE Market Analysis: An Upset in Economic Sentiment for Germany

OVERVIEW The UK Public Sector net borrowing grew by 9% year-over-year. President Trump commits an additional 4,000 troops to Afghanistan. The Chinese Yuan continues to strengthen as it pushes towards its highest level in almost a year. Retail sales from Canada rose 0.7% excluding autos. HIGHLIGHT Source: XE news feed XE Market Analysis: An… Read more »

XE Market Analysis: North America – Aug 22, 2017

EUR-USD drifted over 50 pips lower during the London AM session in nearing 1.1750, giving back nearly all of the gain posted yesterday. Much weaker than expected German investor confidence in the latest ZEW survey helped the euro lower, though the common currency had already been under the cosh ahead of the release. The survey… Read more »

XE Market Analysis: Europe – Aug 22, 2017

The dollar has traded softer versus many currencies during the pre-London session in Asia, including against the euro, and commodity and emerging world currencies, though the greenback gained versus the yen. A revival in risk appetite brought some pressure on the Japanese currency, while there remains a degree of position jostling ahead of the Jackson… Read more »

Webinar offers practical tips for managing fixed-time AI programs

A 30 minute webinar providing cattle producers with simple, practical tips to ensure the best outcomes in managing fixed-time AI programs will be staged on Monday, September 4. The presentation from animal reproduction company Vetoquinol will be informative for first-timers, as well as experienced breeding program managers or veterinarians. The webinar will provide simple, practical… Read more »

Selection tool makes it easier to source the right Angus semen

Angus Australia has released an addition to the Angus SaleSelect tool, called Angus SemenSelect. This companion tool makes it easier for breeders of Angus cattle to search for and find the semen most suitable to their AI breeding programs. The post Selection tool makes it easier to source the right Angus semen appeared first on… Read more »

Ewe forums helping lamb industry reach lean meat yield and MSA goals

LEADING sheep meat scientists are outlining the latest eating quality research at It’s Ewe Time forums in Western Australia and Victoria this month. The post Ewe forums helping lamb industry reach lean meat yield and MSA goals appeared first on Sheep Central. Source: Sheep Central Ewe forums helping lamb industry reach lean meat yield… Read more »

Efficiency, productivity drive Nolan Meats’ new distribution centre + VIDEO

A $23 million investment in latest refrigeration and automated product handling infrastructure has taken place at Queensland’s Nolan Meats processing facility near Gympie in southern Queensland. The post Efficiency, productivity drive Nolan Meats’ new distribution centre + VIDEO appeared first on Beef Central. Source: Beef Central Efficiency, productivity drive Nolan Meats’ new distribution centre… Read more »

Weekly kill: Grid price slide takes a breather

After a sequence of four or five weeks where there has been a steady correction in direct consignment grid offers from Queensland and northern NSW processors, most over the hooks quotes this week are unchanged from seven days ago. The post Weekly kill: Grid price slide takes a breather appeared first on Beef Central. … Read more »

The future of food

As the mining boom slows, and issues such as food security, climate change and sustainability come to the forefront of global consciousness, a new opportunity is arising for Australian producers and manufacturers to position themselves at the forefront of the food and agribusiness revolution. The post The future of food appeared first on Grain Central. … Read more »

Casino forum urges support for new cattle producer organisations

An estimated 160 people attended yesterday’s Casino Beef Forum to discuss new livestock biosecurity and Johne’s disease rules and grassfed cattle industry representation. The post Casino forum urges support for new cattle producer organisations appeared first on Beef Central. Source: Beef Central Casino forum urges support for new cattle producer organisations

Who sows barley cannot reap wheat…

The wheat market has been stealing the limelight in recently with the Chicago Board of Trade (CBOT) futures pushing significantly higher through June and early July, only to retreat at the same dizzy pace ever since. The post Who sows barley cannot reap wheat… appeared first on Grain Central. Source: Grain Central Who sows… Read more »

Waltzing Australia book giveway winners

Beef Central would like to thank the hundreds of people who entered our Waltzing Australia book give away competition. The post Waltzing Australia book giveway winners appeared first on Beef Central. Source: Beef Central Waltzing Australia book giveway winners

XE Market Analysis: Asia – Aug 21, 2017

After trading largely sideways overnight, the dollar lost ground in N.Y. trade on Monday, leaving the DXY at one-week lows of 93.00. Risk-off conditions remained, see stocks and yields mostly lower. The was no U.S. data to drive markets to start the week. EUR-USD rallied to six-session highs of 1.1828, after opening at 1.1760, while… Read more »

Wagga sale 21 Aug 2017: Export shortage drives price momentum

The dearer trend was obvious at the commencement of the sale with top quality younger lines of heavy grown steers 500 -600kg in limited supply. Amongst the offering was a B-Double load of 100 day grain fed bullocks which ignited the bidding to record a top price of 303c to average 291c/kg. The post Wagga… Read more »

XE Market Analysis: Another High-Level Departure from Trump's Administration

OVERVIEW The UK government tries to step up negotiations on Brexit with Europe. The Norwegian Krone continues to strengthen as we approach the elections in Norway. Wholesale trade numbers in June from Canada fail to liven up the Loonie. The Bundesbank upgrades growth expectations for Germany for this year. HIGHLIGHT The departure of Steve Bannon… Read more »

The apartment boom, revisited

One of the things I have been surprised about in the last several years is the relative lack of apartment construction. With the large Millennial generation in their 20s and 30s, the big increases in rent, and the collapse in supply during the housing bust, I figured there would be a boom. Source: XE… Read more »

XE Market Analysis: North America – Aug 21, 2017

USD-JPY settled to the lower 109.0s after capping out at a 109.42 on Friday. Market participants are keeping a weather eye on the Korean peninsular, with Pyongyang today warning of a “merciless strike” as the U.S. and South Korea prepare for military drills. Although markets are well accustomed to these sort of sabre rattling, the… Read more »

Next generation of WA farmers coaxed to stay in sheep

The mood is positive as agricultural students compete for glory at the state’s largest sheep show and sale. Source: ABC Livestock Next generation of WA farmers coaxed to stay in sheep

XE Market Analysis: Europe – Aug 21, 2017

The dollar majors traded without drama during the pre-London open session in Asia. USD-JPY settled to the lower 109.0s after capping out at a 109.42 on Friday, which was seen following a pop higher on the news that Trump advisor Bannon was out (on the view that the executive branch will be left less acutely… Read more »

Record dry July causes further pain for NSW farmers

A record dry July on top of a dry June has put pressure on struggling winter crops and pastures. Source: ABC Grain Record dry July causes further pain for NSW farmers

AGM investor scrutiny to focus on AA Co’s Livingstone plant

Australian Agricultural Co’s decision to hold its 2017 annual general meeting in Darwin this week will inevitably draw attention to the performance of the company’s Livingstone Beef processing plant. The post AGM investor scrutiny to focus on AA Co’s Livingstone plant appeared first on Beef Central. Source: Beef Central AGM investor scrutiny to focus… Read more »

Feedlot restricted by water price

The owners of a cattle and sheep feedlot in Western Australia’s Wheatbelt say the price of water for their animals is too expensive and is restricting business growth. Source: ABC Beef Cattle Feedlot restricted by water price

Casino cattle sales suspended as agents and council dispute upgrade fees

The future of cattle sales in one of northern New South Wales largest cattle selling centres is under a cloud after the local council took the dramatic step of suspending this week’s cattle sales after agents refused to support its new fee increases. The post Casino cattle sales suspended as agents and council dispute upgrade… Read more »

Australia’s largest wool handler AWH announces digital cost-saving initiatives

AUSTRALIA’S largest wool handler AWH believes a 10-15 percent saving in handling charges for its broker clients is achievable through a revolutionary suite of digital data applications and “game-changer” farm-to-market wool-handling innovations. The post Australia’s largest wool handler AWH announces digital cost-saving initiatives appeared first on Sheep Central. Source: Sheep Central Australia’s largest wool… Read more »

Everyday rural heroes: Selfless sacrifices for vital causes

In the past few days the highways of western Queensland have been pedaled by everyday people making extraordinary efforts to help others. The post Everyday rural heroes: Selfless sacrifices for vital causes appeared first on Beef Central. Source: Beef Central Everyday rural heroes: Selfless sacrifices for vital causes

Poll wagyu auction attracts lots of interest

There was plenty of interest from northern cattle producers at the world’s first physical sale of poll wagyu genetics at the weekend. Source: ABC Livestock Poll wagyu auction attracts lots of interest

Wool growers warned against viewing Wool Exchange Portal as sale option

WOOL-HANDLING giant AWH’s new chief executive officer Michael Jones has warned growers against viewing Australian Wool Innovation’s proposed Wool Exchange Portal as a means of bypassing brokers. The post Wool growers warned against viewing Wool Exchange Portal as sale option appeared first on Sheep Central. Source: Sheep Central Wool growers warned against viewing Wool… Read more »

Scanning powers planning for Victorian prime lamb producer

LOWER rainfall in two of the past three years has forced Heywood district prime lamb and beef producer Georgina Gubbins to increase forward management planning. The post Scanning powers planning for Victorian prime lamb producer appeared first on Sheep Central. Source: Sheep Central Scanning powers planning for Victorian prime lamb producer

Australian wool production forecast kept at 340mkg for 2017-18

AUSTRALIAN wool production is expected to stabilise at 340 million kilograms in 2017-18 due to a slight increase in sheep shorn and despite an expected dip in fleece weights. The post Australian wool production forecast kept at 340mkg for 2017-18 appeared first on Sheep Central. Source: Sheep Central Australian wool production forecast kept at… Read more »

Six-monthly shearing is paying off for Mumblebone in NSW

A MOVE to double shearing combined with a balanced breeding program has generated extra profit from maiden ewes for New South Wales breeder Chad Taylor. The post Six-monthly shearing is paying off for Mumblebone in NSW appeared first on Sheep Central. Source: Sheep Central Six-monthly shearing is paying off for Mumblebone in NSW

Western Australian appoints new Lifetime Ewe Management co-ordinator

WESTERN AUSTRALIA’S program to lift sheep productivity has been boosted by the appointment of Albany local Brydie Creagh as a Lifetime Ewe Management (LTEM) co-ordinator. The post Western Australian appoints new Lifetime Ewe Management co-ordinator appeared first on Sheep Central. Source: Sheep Central Western Australian appoints new Lifetime Ewe Management co-ordinator

Meet an Arnhem Land crew catching feral buffalo

Catching feral buffalo in remote central Arnhem Land is not a job for the faint-hearted. Source: ABC Livestock Meet an Arnhem Land crew catching feral buffalo

International Economic Week in Review: A Solid Week of News

            This week, there was no macro theme tying all the data together, save a general positive tone in the EU and Japan, but more weakness in the UK.             The RBA released their latest meeting minutes this week, which contained the following analysis of the Australian economy: Source:… Read more »

US Equity and Economic Week in Review: Solid Economic Fundamentals Provide Support For a Correcting Market

            This week saw the release of several key statistics: building permits and housing starts (which, depending on your interpretation, are either long-leading or leading indicators), along with two coincident indicators: industrial production and retail sales.  It seems appropriate to fold these releases into a broader analysis of the long-leading leading… Read more »

Girl Power: Women in the Northern cattle industry smashing the ‘dust ceiling’

The masculine image of cowboys and stockmen is getting a shake-up in the Northern cattle industry as more and more women smash through the ‘dust ceiling’ and take on strong leadership roles. The country’s largest cattle companies say women account for around 50% of their recruitment applications, and acknowledge it’s a welcome trend. Source:… Read more »

Weekly Indicators: another sea of green edition

July data featured another positive reading of the Index of Leading Indicators, despite a decline in both housing permits and starts. Industrial production and retail sales were also both positive, although manufacturing production was slightly negative and capacity utilization was flat. The preliminary August reading of the Michigan consumer sentiment survey was positive. June total… Read more »

Prolonged dry reflects in lower AuctionsPlus clearance rates

Commercial cattle listing numbers poked their head on AuctionsPlus this week, lifting by 8pc on the previous week to 7785 head. However the prolonged dry across eastern Australia continued to tighten its grip as the national online clearance fell by 4pc to 46pc. The post Prolonged dry reflects in lower AuctionsPlus clearance rates appeared first… Read more »

Victor Churchill’s ‘ultra-premium’ Blackmore Wagyu offer at $500/kg

Sydney’s famous Victor Churchill’s butchery will push the boundaries of retail pricing for beef in Australia when it markets cuts from a single ultra-premium Fullblood Wagyu carcase for up to $500/kg from Monday. The post Victor Churchill’s ‘ultra-premium’ Blackmore Wagyu offer at $500/kg appeared first on Beef Central. Source: Beef Central Victor Churchill’s ‘ultra-premium’… Read more »

XE Market Analysis: Asia – Aug 18, 2017

The combination of terror attacks, and ongoing U.S. political gyrations riled markets again in N.Y. on Friday, taking USD-JPY to four month lows of 108.61 in the process, as risk-off conditions prevailed. Later in the session, it became clear that White House advisor Bannon was on his way out, which quickly brought a relief rally… Read more »

XE Market Analysis: Spanish Attacks Spark Fresh Nervousness

OVERVIEW House price growth in China slowed more than expected in July, with prices rising 9.7%. Canadian inflation ticked up to 1.2% in July but remained well below the Bank of Canada’s 2.0% target. US consumer sentiment rose more than expected to 97.6 in August. HIGHLIGHT Source: XE news feed XE Market Analysis: Spanish… Read more »

XE Market Analysis: Europe – Aug 18, 2017

The yen and safe have assets remained in demand amid a backdrop of U.S. political concerns, which boils down to reduced odds for the implementation of Trump’s pro-growth agenda, with the latest terror attack on a Western nation by Islamist extremists, this time in Barcelona, also in the mix. USD-JPY carved out a four-session low… Read more »

US grinding beef prices continue to slump

Imported Australian lean manufacturing beef prices in the US continued their sharp recent decline this week, reaching A559c/kg. That’s back almost $1/kg over the past six weeks – the most dramatic fall seen since the latter stages of 2015. The post US grinding beef prices continue to slump appeared first on Beef Central. Source:… Read more »

Hopkins Transport’s Dean Clarke wins national rural transport safety award

A pioneering driver training program implemented by Dean Clarke at Tamworth’s Hopkins Transport has been recognised with the 2017 National Heavy Vehicle Regulator – Australian Livestock and Rural Transporter’s Association Safety Innovation Award. The post Hopkins Transport’s Dean Clarke wins national rural transport safety award appeared first on Beef Central. Source: Beef Central Hopkins… Read more »

M.C. Herd wins LRTAV safety award for cattle unloading frame + VIDEO

An innovative automated cattle handling frame that enables drivers to safely unload cattle at M.C. Herd’s Geelong processing plant has won the Livestock & Rural Transporters Association of Victoria (LRTAV)’s safety award. The post M.C. Herd wins LRTAV safety award for cattle unloading frame + VIDEO appeared first on Beef Central. Source: Beef Central … Read more »

NSW landholders encouraged to embrace technology at upcoming field day

NSW cattle and sheep producers will have a great opportunity to assess new and emerging technologies and how they can be used to improve their business at an upcoming technology in pastoral systems field day in the state’s west. The post NSW landholders encouraged to embrace technology at upcoming field day appeared first on Beef… Read more »

Inquiry launched into Murray Darling water theft and corruption issues

The Senate has moved to establish an inquiry into the integrity of the water market in the Murray-Darling Basin, following revelations of improper conduct that aired on the ABC’s Four Corners program on July 24. The post Inquiry launched into Murray Darling water theft and corruption issues appeared first on Grain Central. Source: Grain… Read more »

Is 'humane' food the next big consumer trend?

Food trends can equate to big money and the latest one — humane food — should be no exception as consumers take an interest in how the animals that provide their food are raised. Source: ABC Beef Cattle Is ‘humane’ food the next big consumer trend?

Trucking company pulled up by Fair Work for underpaying workers

Farming waste company Downes Rice Hulls is forced to repay 16 short-changed workers $94,000 as the Fair Work Ombudsman continues a campaign to uphold minimum entitlements. Source: ABC Grain Trucking company pulled up by Fair Work for underpaying workers

Recruitment: Online rural job ads continue to grow

The total number of online job advertisements for employment in the rural sector grew again in 2016, an agribusiness update issued by recruitment specialist Rimfire Resources says. Within 2016, the Rural Jobs Index compiled by Rimfire recorded 30.75pc more online job ads than 2015, while 2015 saw 12.79pc more jobs recorded than the year before…. Read more »

Wool prices surge as Chinese processors move to buy forward

AUSTRALIA’S wool price benchmark has broken through 1600c/kg clean for the first time as Chinese buyers switch from “hand-to-mouth” to forward buying. The post Wool prices surge as Chinese processors move to buy forward appeared first on Sheep Central. Source: Sheep Central Wool prices surge as Chinese processors move to buy forward

XE Market Analysis: Euro Hits 3-Week Low After ECB Warns of Currency’s Strength

OVERVIEW Eurozone second quarter growth was upgraded to 2.2% year-on-year.  FOMC minutes showed Fed members were becoming increasingly wary about recent weak inflation. UK government says it is “confident we will have made sufficient progress by October to advance the (Brexit) talks to the next phase”. UK retail sales rose 0.3% in July, annual growth… Read more »

XE Market Analysis: Asia – Aug 17, 2017

The dollar was mixed in N.Y. trade on Thursday, losing ground to the euro and yen, while posting modes gains against the CAD. Cable was relatively steady. Incoming U.S. data was net positive, as jobless claims fell more than expected, the Philly Fed fell less than anticipated, and industrial production was firmer, though under consensus… Read more »

US Bond Market Week in Review: Is the Fed Changing Their Thinking on Inflation?

        My formative years stretched from the mid-1970s to mid-1980s.  While my economic awareness at the time was at best weak, I do remember that inflation was a very important issue that was constantly on my father’s mind.  It’s also obvious that this period continues to haunt today’s central bankers as they… Read more »

Dubbo 17 Aug 2017: Southern rain sparks restocker interest

Quality was mixed with a large percentage of the yarding consisting of young cattle lacking finish with growers making the decision to sell before their cattle started to lose too much condition with the ongoing dry. The post Dubbo 17 Aug 2017: Southern rain sparks restocker interest appeared first on Beef Central. Source: Beef… Read more »

Exclusion fencing program could put one million sheep back into Qld’s Central West

UP to one million sheep could be returned to Queensland’s central western region, if current and proposed exclusion fencing projects are fully executed, an economic analysis has determined. The post Exclusion fencing program could put one million sheep back into Qld’s Central West appeared first on Sheep Central. Source: Sheep Central Exclusion fencing program… Read more »

XE Market Analysis: North America – Aug 17, 2017

EUR-USD ebbed back under 1.1700, over 70 pips down from pre-Europe levels in a move composed of about one part general dollar firming and about three parts general euro weakening. Relatively sustained selling of EUR-JPY, traded at three-day lows, drove broader declines in the common currency. Eurozone data showing a bigger than expected trade surplus… Read more »

XE Market Analysis: Europe – Aug 17, 2017

The yen has seen its safe haven bid revived following the collapse of Trump’s business councils. The Japanese currency is showing a 0.3% bid going into the London interbank open, although the currency is off its highs. USD-JPY logged a three-day low at 109.76. EUR-JPY also carved out a three-session low. The dollar has traded… Read more »

Prawn imports investigated for months before white spot outbreak

The Federal Government admits it kept an investigation into potentially illegal prawn imports secret, months before an outbreak of white spot disease devastated the prawn industry in south-east Queensland. Source: ABC Livestock Prawn imports investigated for months before white spot outbreak

Labor’s Ekka Roundtable works on solutions for red meat supply chain competitiveness

Senior Labor Party parliamentarians sat down with red meat supply chain industry heavyweights during Brisbane’s Ekka last week, in the first stage of Labor’s plan to map-out a strategic direction to support the red meat industry, in the face of mounting global competition. The post Labor’s Ekka Roundtable works on solutions for red meat supply… Read more »

Red Meat Advisory Council pushes back against ACCC reforms

The Red Meat Advisory Council pushes back against sweeping recommendations designed to improved transparency and accountability in the livestock industry. Source: ABC Livestock Red Meat Advisory Council pushes back against ACCC reforms

APVMA performance slump to be examined

A review will examine what is behind a slump in the rate of approvals by national chemical regulator, the APVMA, which has lost senior staff ahead of a move from Canberra to Armidale. Source: ABC Livestock APVMA performance slump to be examined

Exclusion fencing program could put one million sheep back into Qld’s Central West

An economic analysis has determined that up to one million sheep could be returned to Queensland’s central western region, if current and proposed exclusion fencing projects are fully executed. The post Exclusion fencing program could put one million sheep back into Qld’s Central West appeared first on Beef Central. Source: Beef Central Exclusion fencing… Read more »

Bureau introduces mid-monthly seasonal climate outlooks

Spring (September to November) rainfall is likely to be below average for western parts of Australia, according to the Bureau’s mid monthly climate outlook statement released today The post Bureau introduces mid-monthly seasonal climate outlooks appeared first on Beef Central. Source: Beef Central Bureau introduces mid-monthly seasonal climate outlooks

Casino forum: Invitations lost in the ether

Our article yesterday “Casino meeting to focus on Johne’s and producer representation” reported that an invitation had been extended to Meat & Livestock Australia to attend and address this coming Monday’s producer meeting. The post Casino forum: Invitations lost in the ether appeared first on Beef Central. Source: Beef Central Casino forum: Invitations lost… Read more »

Sudden departure for Brahman Breeders’ CEO

The Australian Brahman Breeders Association’s board issued a short statement this morning confirming that chief executive officer Robert Biddle has left the organisation. The post Sudden departure for Brahman Breeders’ CEO appeared first on Beef Central. Source: Beef Central Sudden departure for Brahman Breeders’ CEO

XE Market Analysis: Asia – Aug 16, 2017

The dollar was relatively steady through the morning session, though took a late hit following news the president’s policy forum is disbanding, taking EUR-USD to 1.1776 from near 1.1690, and USD-JPY to session lows of 110.15 from near 110.80. Wall Street pared gains in the wake of the announcement, as yields stayed down. The dollar… Read more »

Company fined $11,250 for supplying unregistered veterinary chemical product

A business supplying horse health-care products has been fined $11,250 by the Australian Pesticides and Veterinary Medicines Authority (APVMA) for possession and supply of an unregistered veterinary chemical product. The post Company fined $11,250 for supplying unregistered veterinary chemical product appeared first on Beef Central. Source: Beef Central Company fined ,250 for supplying unregistered… Read more »

July housing permits and starts continue to fail to make new highs

As of last month, neither permits nor starts had made new highs since winter, and it was sufficient to tip the scales in how I look at the long leading indicators, from positive to neutral. Source: XE news feed July housing permits and starts continue to fail to make new highs

XE Market Analysis: UK Unemployment Falls To Fresh 42-Year Low

OVERVIEW Eurozone second quarter growth was upgraded to 2.2% year-on-year. ECB sources said Mario Draghi won’t discuss monetary policy at next week’s Jackson Hole meeting. US housing starts and building permits both fell in July.  Australian wage growth remained at a record low of 1.9% in the second quarter. HIGHLIGHT Source: XE news feed … Read more »

Melbourne label wins regional Woolmark Prize final with recycled wool

MELBOURNE label BLAIRARCHIBALD has won the menswear section of the 2017/18 International Woolmark Prize Australia and New Zealand regional final at an awards event in Sydney. The post Melbourne label wins regional Woolmark Prize final with recycled wool appeared first on Sheep Central. Source: Sheep Central Melbourne label wins regional Woolmark Prize final with… Read more »

Wool forward market opens with renewed interest

THE wool forward market opened with renewed interest from the bid side this week, with an offer sweep across the board ahead of the auction opening. The post Wool forward market opens with renewed interest appeared first on Sheep Central. Source: Sheep Central Wool forward market opens with renewed interest