Month: October 2017

XE Market Analysis: North America – Oct 31, 2017

The dollar has traded mixed so far today, losing moderate ground to the euro and sterling, among other currencies, while lifting out of a two-day low in the case against the yen. In the U.S., political intrigue along with the announcement, promised to be made tomorrow, of the new Fed chair, will remain focal points… Read more »

Kerwee notches up 60 years, as feedlot unveils major expansion + pictures

The Hart family’s Kerwee business notched up a double celebration yesterday, marking 60 years of operations in the cattle industry, while unveiling a major redevelopment of the company’s feedlot of the same name near Jondaryan on Queensland’s Darling Downs. The post Kerwee notches up 60 years, as feedlot unveils major expansion + pictures appeared first… Read more »

Humble beginnings for Kerwee/Stockyard business

As part of Kerwee’s 60th anniversary, marked by the company’s major feedlot expansion officially unveiled earlier today, Beef Central presents a brief history of the lotfeeding company and its export meat trading subsidiary, Stockyard, established by Robin Hart. The post Humble beginnings for Kerwee/Stockyard business appeared first on Beef Central. Source: Beef Central Humble beginnings… Read more »

XE Market Analysis: Europe – Oct 31, 2017

The euro rally of yesterday has run out of puff, with EUR-USD settling around 1.1630-40, below the 1.1657 high, while EUR-JPY has remained heavy, near yesterday’s 131.45 low. The yen, meanwhile, remains underpinned despite dovish guidance from the BoJ. USD-JPY logged a 12-day low at 112.95, and AUD-JPY has remained near the seven-month lows seen… Read more »

Western VIC livestock producers trial perennial-annual pasture options

WESTERN Victorian producers will investigate high value annual forage options for the region’s perennial pastures dominate livestock systems in a Meat & Livestock Australia Producer Demonstration Site project. The post Western VIC livestock producers trial perennial-annual pasture options appeared first on Sheep Central. Source: Sheep Central Western VIC livestock producers trial perennial-annual pasture options

NCC Brahman bull sets $325,000 all breeds Australian record price

A 24-month-old grey Brahman bull broke an 11-year-old Australian all breeds price record at the NCC (Nobbs Cattle Company) Brahmans’ on-property bull sale at Inverrio, Duaringa, Qld, earlier today. The post NCC Brahman bull sets $325,000 all breeds Australian record price appeared first on Beef Central. Source: Beef Central NCC Brahman bull sets 5,000… Read more »

Zoetis raises $100,000 for mental health service beyondblue for second year

ANIMAL health company Zoetis has raised $100,000 for support service beyondblue for the second consecutive year. The post Zoetis raises $100,000 for mental health service beyondblue for second year appeared first on Sheep Central. Source: Sheep Central Zoetis raises 0,000 for mental health service beyondblue for second year

Clearer descriptions on horizon for grainfed, grassfed beef – and everything ‘in between’

The Australian beef industry will soon have access to new beef product description ciphers in the wake of recent Australian Meat Industry Language & Standards Committee decisions. The post Clearer descriptions on horizon for grainfed, grassfed beef – and everything ‘in between’ appeared first on Beef Central. Source: Beef Central Clearer descriptions on horizon… Read more »

Sheep feeding tips for Western NSW producers in free webinar

WESTERN New South Wales landholders can gain useful insights on managing the nutritional needs of stock in an upcoming webinar focusing on pastoral livestock nutrition for dry times. The post Sheep feeding tips for Western NSW producers in free webinar appeared first on Sheep Central. Source: Sheep Central Sheep feeding tips for Western NSW… Read more »

Agribusiness: StockCo partners with AWN to provide livestock funding solutions

Livestock finance provider StockCo has partnered with the Australian Wool Network to provide AWN’s customer base with access to StockCo’s strategic livestock funding solutions. The post Agribusiness: StockCo partners with AWN to provide livestock funding solutions appeared first on Sheep Central. Source: Sheep Central Agribusiness: StockCo partners with AWN to provide livestock funding solutions

Co-operatives: what are they?

Co-operatives have become an integral part of the Australian business world, with more than 2000 co-operatives now operating and the sector having a turnover of over $27.8 billion. The post Co-operatives: what are they? appeared first on Grain Central. Source: Grain Central Co-operatives: what are they?

XE Market Analysis: Asia – Oct 30, 2017

Stocks, yields and the dollar were all lower in N.Y. on Monday, with upcoming events and data keeping the markets nervous overall. The FOMC meeting kicks off on Tuesday, while an announcement on who the next Fed chief will be could come anytime this week. ADP jobs figures, and the October jobs report come later… Read more »

XE Market Analysis: British Pound on The Rise Ahead of BoE Meeting

OVERVIEW USD is weaker as Trump’s former campaign manager was indicted. The EUR is stable at lower levels, as the EZ economic sentiment improves. CAD is soft as the market awaits GDP and jobs data. HIGHLIGHT Source: XE news feed XE Market Analysis: British Pound on The Rise Ahead of BoE Meeting

Wagga sale 30 Oct 2017: Heavy export cattle prices strengthen again

Heavy export cattle prices strengthened again following on from the dearer trend the previous week. The higher prices offered, caused a larger number of well-finished heavy grown steers and bullocks to enter the market regardless of the favourable spring conditions. The post Wagga sale 30 Oct 2017: Heavy export cattle prices strengthen again appeared first… Read more »

XE Market Analysis: North America – Oct 30, 2017

The dollar lost ground to the euro, sterling and yen, among other currencies, although held better versus the still-underperforming NZ dollar and the Australian buck. The euro outperformed as Spanish yields dropped as markets price out secession risk. EUR-USD lifted nearly 50 pips to the 1.1640 area, and EUR-JPY and most other euro crosses also… Read more »

China lifts ban on Australian beef plants

The Departments of Trade and Agriculture are expected tomorrow to announce the lifting of China’s suspension of six large Australian red meat export plants, imposed unexpectedly back in July. Collectively, the six de-listed plants took around 30pc of Australia’s exports to China out of the market. The post China lifts ban on Australian beef plants… Read more »

XE Market Analysis: Europe – Oct 30, 2017

Narrow ranges prevailed for the most part in early week trading in currency markets. The biggest mover was, once again, the New Zealand dollar, which fell by over 0.5% as markets continue to adjust to the expected policy package of the new coalition government. A risk-off theme gave the yen an underpinning, amid concerns about… Read more »

Europe equivocates over glyphosate’s future

Europe has again postponed a decision on extending the approval of the non-selective herbicide, glyphosate, after the European Commission failed to reach a consensus on the issue last week. The post Europe equivocates over glyphosate’s future appeared first on Grain Central. Source: Grain Central Europe equivocates over glyphosate’s future

Peak wool grower body brands Merriman AWI election letter as ‘inappropriate’

AUSTRALIAN Innovation chairman Wal Merriman has personally endorsed the AWI board’s preferred candidates in the 2017 election in a letter branded as inappropriate by peak grower body WoolProducers Australia. The post Peak wool grower body brands Merriman AWI election letter as ‘inappropriate’ appeared first on Sheep Central. Source: Sheep Central Peak wool grower body… Read more »

Grassfed industry groups welcome restructure funding

Two groups involved in the grassfed cattle industry restructure implementation committee have issued statements welcoming the committee’s successful application to receive $500,000 in funding to help to create a new fully directly elected peak body to represent grassfed cattle producers in Australia. The post Grassfed industry groups welcome restructure funding appeared first on Beef Central. … Read more »

Daniel McIntyre reclaims national open shearing title for New South Wales

NEW South Wales’s Daniel McIntyre has reclaimed the title of Australia’s top open shearer with a quick yet clean performance at the Bendigo showgrounds on Saturday. The post Daniel McIntyre reclaims national open shearing title for New South Wales appeared first on Sheep Central. Source: Sheep Central Daniel McIntyre reclaims national open shearing title… Read more »

Where is the 2018 cattle market heading? Look for October low, suggests report

A low-point in the current cattle price cycle around October next year is indicated in an independent analysis of price trends released last week. The post Where is the 2018 cattle market heading? Look for October low, suggests report appeared first on Beef Central. Source: Beef Central Where is the 2018 cattle market heading?… Read more »

$3m grant to tackle northern Australia’s biggest cattle pests

A $3 million grant has been secured to fund the development of a new biological product to treat two of the northern beef industry’s most significant pests – cattle tick and buffalo fly. The post $3m grant to tackle northern Australia’s biggest cattle pests appeared first on Beef Central. Source: Beef Central m grant… Read more »

VIC bluetongue zone duration extended – ‘not all preliminary results negative’

BLUETONGUE virus testing of cattle herds around Echuca in northern Victoria has been completed, but maintenance of a temporary 100km zone around the area will be extended for another month while results are confirmed. The post VIC bluetongue zone duration extended – ‘not all preliminary results negative’ appeared first on Sheep Central. Source: Sheep… Read more »

Sustainability of Western Australia’s sheep flock will be live export focus

THE long-term sustainability of Western Australia’s sheep flock will be in focus when livestock export industry stakeholders gather in Perth next month for the LIVEXchange 2017 conference. The post Sustainability of Western Australia’s sheep flock will be live export focus appeared first on Sheep Central. Source: Sheep Central Sustainability of Western Australia’s sheep flock… Read more »

Plans unveiled for Creswick Woollens Mills development

PLANS to boost Creswick Woollen Mills visitor numbers by 30 percent within four years have been unveiled by the Andrews Labor Government. The post Plans unveiled for Creswick Woollens Mills development appeared first on Sheep Central. Source: Sheep Central Plans unveiled for Creswick Woollens Mills development

Wild dog control focus turns peri-urban with northern NSW survey

NORTHERN New South Wales’s peri-urban residents are being enlisted in the war against wild dogs. Next month northern NSW residents can have their say in local wild dog management plans and activities by participating in a targeted survey. The post Wild dog control focus turns peri-urban with northern NSW survey appeared first on Sheep Central. … Read more »

Lamb and wool shipments help boost Victoria to new export record

RISING lamb and wool shipments have helped Victoria set a new record with food and fibre exports reaching $12.8 billion – the biggest total in the state’s history. The post Lamb and wool shipments help boost Victoria to new export record appeared first on Sheep Central. Source: Sheep Central Lamb and wool shipments help… Read more »

Competitor watch: India’s bovine exports will continue, despite setbacks

Arguably no supplier to the world beef market over the last decade has had as much impact as India has in disrupting traditional trading patterns in beef. Despite recent setbacks, latest USDA forecasts suggest that cattle and buffalo (carabeef) production will increase by 1.2pc to 4.3 million tonnes next year, after a slower year in… Read more »

International Economic Week in Review: Two Banks Issue New Policy

            This week’s news was positive.  The Bank of Canada maintained their current 1% interest rate policy.  More importantly, the underlying data for the country is very strong. The ECB halved their bond buying program while maintaining rates at their current level.  Other news from the EU supported the ECB’s… Read more »

US Economic Week in Review: A Week of Good News

            This week’s news was positive.  The BEA released their first estimate of 3Q GDP — a healthy 3% annual rate.  The Chicago Fed’s National Activity Index increased and durable goods orders were up.  New home sales also increased.  While a large, post-Harvey surge in the South was mostly responsible, there were also increases… Read more »

Weekly Indicators: mortgage rates turn negative again edition

In the rear view mirror, the preliminary GDP report for Q3 came in at a strong +3.0%. As I pointed out yesterday, however, both long leading indicators in the report — real private residential fixed spending and inflation adjusted proprietors’ income — were negative.   Source: XE news feed Weekly Indicators: mortgage rates turn… Read more »

Sharp rise in AuctionsPlus listings, as heifer and steer prices log further rises

Recent rain over the eastern seaboard has put a spring back into the market’s step, with this week’s cattle offering increasing to 9245 head, up 45pc on the week before. Young steer and heifer prices continued their recent rise. The post Sharp rise in AuctionsPlus listings, as heifer and steer prices log further rises appeared… Read more »

New life for Bourke as rain falls and new abattoir rises

The Mayor of Bourke in NSW is hopeful for the future of the outback town with recent rain turning the area into a lush green landscape as the community prepares to welcome a massive new $60 million abattoir. Source: ABC Livestock New life for Bourke as rain falls and new abattoir rises

XE Market Analysis: Asia – Oct 27, 2017

The dollar was mostly higher in N.Y. trade on Friday, supported by a better than expected 3.0% Q3 U.S. GDP print. The dollar’s move up was led by EUR-USD losses and USD-CAD gains. USD-JPY though, again gave back the 114 handle, after printing three-month highs post-data. EUR-USD fell to three-month lows of 1.1575, as Madrid/Catalan… Read more »

XE Market Analysis: North America – Oct 27, 2017

The dollar index rallied to three-month highs in European trade, topping at 94.92, as the U.S. House passed budget legislation that opens the door to a tax reform package in the coming weeks. Global equities rallied overnight, with U.S. futures indicating a higher Wall Street open. Solid earnings from the likes of Amazon, Google, and… Read more »

XE Market Analysis: Europe – Oct 27, 2017

The euro has remained heavy in the wake of the ECB’s dovish guidance yesterday. EUR-USD clocked a fresh three-month low at 1.1624 during pre-Europe trading in Asia, bringing the cumulative decline since the central bank’s announcement to 1.6%. EUR-JPY posted an eight-day low at 132.59. Market attention today will turn to the political front in… Read more »

Comment: Is the Organic movement claiming the ‘moral high ground’ on animal welfare?

Is the organic beef sector unfairly claiming the ‘moral high ground’ over conventional beef producers in the area of animal welfare? Some argue the movement’s vigorous use of terms like ‘cruelty free’, ‘ethical’ and ‘humanely raised’ inevitably implies that conventional beef cattle are managed using cruelty, a lack of ethics, and are ‘inhumanely’ raised. The… Read more »

Harvest 2017: what will you do with all your grain?

With harvest just around the corner it is likely too late for many to increase silo storage capacity, but growers still have time to implement on-farm bunkers to avoid slow turnaround times to receival sites, writes Jemma Pearl in this cross-posting from the Birchip Cropping Group. The post Harvest 2017: what will you do with… Read more »

New research: Grains are back on the menu for Australians

After years of going against the grain, new research shows fewer Australians are limiting grain foods like breads and breakfast cereals, with consumption of legumes, including beans, peas and lentils, rising an additional 4 percent since 2014. The post New research: Grains are back on the menu for Australians appeared first on Grain Central. … Read more »

Northern live export prices continue to defy demand headwinds

Prices for live export steers in northern Australia continue to defy the strong headwinds buffeting demand in key South East Asian markets. The post Northern live export prices continue to defy demand headwinds appeared first on Beef Central. Source: Beef Central Northern live export prices continue to defy demand headwinds

Cattle Council receives $500,000 to help with grassfed industry restructure

The Federal Government has announced a $500,000 grant to help the grassfed cattle industry to develop a new directly elected peak industry body, under the working title of Cattle Australia, as recommended by the recent Senate Committee inquiry into the red meat sector. The post Cattle Council receives $500,000 to help with grassfed industry restructure… Read more »

Top NZ and Aussie shearers and rousies hit Bendigo and Warrnambool

TOP Australian and New Zealand shearers and wool handlers have flocked to Bendigo and Warrnambool for a big program of competition at the week’s end. The post Top NZ and Aussie shearers and rousies hit Bendigo and Warrnambool appeared first on Sheep Central. Source: Sheep Central Top NZ and Aussie shearers and rousies hit… Read more »

Potentially $5-6 million unclaimed in GIC Ltd wind-up

LIQUIDATORS for the wool grower-owned Graziers’ Investment Company Ltd estimate up to $5-6 million could remain unclaimed in the wind-up of the company. The post Potentially $5-6 million unclaimed in GIC Ltd wind-up appeared first on Sheep Central. Source: Sheep Central Potentially -6 million unclaimed in GIC Ltd wind-up

Merino wool prices lift again, but crossbreds fall further

MERINO wool prices improved 10-40 cents a kilogram this week as buyers fought for market share, but crossbred values fell a further 20-30 cents. The post Merino wool prices lift again, but crossbreds fall further appeared first on Sheep Central. Source: Sheep Central Merino wool prices lift again, but crossbreds fall further

Hancock appoints George Scott as GM; Whyalla manager as feedlots head

Hancock Prospecting has appointed experienced large-scale cattle operations manager George Scott as its new general manager for agriculture operations, and Whyalla feedlot manager Chris Fenwicke as GM for feedlots and livestock procurement. The post Hancock appoints George Scott as GM; Whyalla manager as feedlots head appeared first on Beef Central. Source: Beef Central Hancock… Read more »

Spike in backyard beekeeping in Perth as people embrace organic foods

Backyard beekeeping is the buzz around Perth as the number of Western Australians embracing healthy eating options and taking up the hobby triples in the past year. Source: ABC Livestock Spike in backyard beekeeping in Perth as people embrace organic foods

Barnaby out, as High Court determines citizenship issue

Agriculture Minister and deputy prime minister Barnaby Joyce has been declared ineligible to sit in Parliament by the High Court this afternoon. The post Barnaby out, as High Court determines citizenship issue appeared first on Beef Central. Source: Beef Central Barnaby out, as High Court determines citizenship issue

Sheep meat and wool leadership gets $637,000 boost + VIDEO

LEADERSHIP capability in Australia’s sheep meat and wool sectors has been given a $630,000-plus boost from the Federal Government. The post Sheep meat and wool leadership gets $637,000 boost + VIDEO appeared first on Sheep Central. Source: Sheep Central Sheep meat and wool leadership gets 7,000 boost + VIDEO

Recruitment survey: What’s more important – qualifications or experience?

Some time back, we asked readers what they thought was more important for the meat and livestock industry workforce – practical experience, qualifications or both. There were some interesting responses. The post Recruitment survey: What’s more important – qualifications or experience? appeared first on Sheep Central. Source: Sheep Central Recruitment survey: What’s more important… Read more »

XE Market Analysis: Asia – Oct 26, 2017

The dollar got a boost from the ECB, which laid out plans to extend its QE program through the first nine-months of 2018, albeit at lowered purchasing levels. EUR-USD fell to 1.1665 lows, a two-plus month base, from 1.1815 ahead of the policy announcement. USD-JPY topped at 114.03, though was again pushed back from the… Read more »

Opinion: Australian Beef Association questions red meat report findings

ABA chief executive officer David Byard questions the findings of a recent report suggesting Australia is the world’s largest beef exporter and Australians eat more red than anybody else, and says industry representative groups need to work harder to build important supply chain cohesion. The post Opinion: Australian Beef Association questions red meat report findings… Read more »

Dubbo sale 26 Oct 2017: Southern processors add to market support

Young cattle to the trade were 6c to 10c dearer with most of the support coming from Southern processors and central tablelands processors. The post Dubbo sale 26 Oct 2017: Southern processors add to market support appeared first on Beef Central. Source: Beef Central Dubbo sale 26 Oct 2017: Southern processors add to market… Read more »

September new home sales: the tail end of the hurricanes

Last month I started my note on August new home sales by saying:  “Yesterday’s new home sales report, on a nationwide basis anyway, can be thrown into the trash basket.” This was due to the failure of about 30% of counties in Florida and Texas constituting 14% of the entire national market being unable to… Read more »

XE Market Analysis: North America – Oct 26, 2017

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. USD-JPY ground lower to… Read more »

XE Market Analysis: Europe – Oct 26, 2017

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. With both the September… Read more »

How to keep dogs happy and healthy in the northern heat

Humid and wet conditions give rise to all kind of nasty illnesses, so what do you need to be aware of when it comes to keeping a healthy dog? Source: ABC Livestock How to keep dogs happy and healthy in the northern heat

National review of cattle preg testing could lead to Australia-wide standard

Eighty-one year-old legislation which prevents non-veterinarians from pregnancy testing cattle is disadvantaging cattle producers in Queensland compared to their counterparts in the NT, WA and NSW, the AgForce live export forum in Townsville was told this week. The post National review of cattle preg testing could lead to Australia-wide standard appeared first on Beef Central. … Read more »

Nationals Senator O’Sullivan considering audit office investigation into AWI

NATIONALS Senator Barry O’Sullivan is considering seeking an Australian National Audit Office investigation into the decision-making processes of the wool grower levy-funded body Australian Wool Innovation. The post Nationals Senator O’Sullivan considering audit office investigation into AWI appeared first on Sheep Central. Source: Sheep Central Nationals Senator O’Sullivan considering audit office investigation into AWI

Seasonal climate outlook Nov 2017-Jan 2018

For the three months November to January, most of the country has just a 50 percent chance of being wetter than average, according to the latest Seasonal Climate outlook statement released by the Bureau of Meteorology today. The post Seasonal climate outlook Nov 2017-Jan 2018 appeared first on Sheep Central. Source: Sheep Central Seasonal… Read more »

XE Market Analysis: British Pound Jumps as Economy Improves

OVERVIEW USD is slightly softer despite strong goods orders and new home sales.  GBP is outperforming on November rate hike bets. CAD hits a 3-month low after cautious Bank of Canada statement. The AUD slides after inflation disappointment. EUR is steady with German business confidence at a record high. HIGHLIGHT Source: XE news feed … Read more »

Dalby sale 25 Oct 2017: Demand strong through all classes

Demand was strong through all classes with restockers and feedlots competing. Market trends saw light weight steers to restock sell on a firm to dearer market trend with some Southern influence. The post Dalby sale 25 Oct 2017: Demand strong through all classes appeared first on Beef Central. Source: Beef Central Dalby sale 25… Read more »

Project to enhance tick resistance in cattle earns Government support

Research with the potential to greatly enhance Queensland’s $5 billion per annum beef industry has earned $250,000 funding from the state government’s Advance Queensland Innovation Partnerships program. The research into improving tick resistance in beef cattle could be a global game-changer, the government says. The post Project to enhance tick resistance in cattle earns Government… Read more »

VIC livestock farmers to fight over animal welfare body changes

VICTORIAN farmers will go to war over Andrews Labor Government plans to establish a dedicated public sector group for farm and companion animals called Animal Welfare Victoria. The post VIC livestock farmers to fight over animal welfare body changes appeared first on Beef Central. Source: Beef Central VIC livestock farmers to fight over animal… Read more »

XE Market Analysis: North America – Oct 25, 2017

The dollar lost ground to the euro, and more especially the pound, which rallied strongly on unexpected strength in UK prelim Q3 GDP data, while gaining ground against the yen and Australian dollar, the latter of which took a hit following a miss in Australian CPI data.[EUR, USD] Source: XE news feed XE Market… Read more »

Weekly property review – Heat expected to come out of off-market listings

A rural finance advisor who has been involved in the rural property market for 25 years claims he has never seen anything like the current number of property sale transactions being conducted off-market. The post Weekly property review – Heat expected to come out of off-market listings appeared first on Beef Central. Source: Beef… Read more »

Wild dog gun fight: Why farmers want to keep their pistols

Farmers who have used handguns on their properties for years are angry and confused by new, tighter restrictions on their weapons. Source: ABC Livestock Wild dog gun fight: Why farmers want to keep their pistols

XE Market Analysis: Europe – Oct 25, 2017

The Aussie dollar came under pressure following sub-forecast inflation data out of Australian, which pushed back on any nascent ideas that the RBA may have been headed for a rate hike. AUD-USD lost 0.7% in making a 0.7716 low, which is the lowest level seen since mid July. Australian Q3 CPI slowed to a 1.8%… Read more »

No action from Agriculture Minister Joyce on AWI Senate Estimates admissions

MINISTER for Agriculture Barnaby Joyce has indicated he will take no action over Australian Wool Innovation chairman Wal Merriman’s admissions in Senate Estimates of breaching AWI’s Code of Conduct and damaging the body’s standing. The post No action from Agriculture Minister Joyce on AWI Senate Estimates admissions appeared first on Sheep Central. Source: Sheep… Read more »

AWI chairman Wal Merriman admits breach of wool body’s conduct code

AUSTRALIAN Innovation chairman Wal Merriman has admitted in a Senates Estimates hearing that he breached the AWI Code of Conduct and had damaged the standing of the wool grower-owned levy-funded body. The post AWI chairman Wal Merriman admits breach of wool body’s conduct code appeared first on Sheep Central. Source: Sheep Central AWI chairman… Read more »

Indonesia’s 1:5 breeder/feeder ratio front of mind issue at Townsville livex forum

One statistic presented to yesterday’s AgForce live export forum in Townsville yesterday in a nutshell highlighted the complexity of the trading environment Australian exporters deal with to keep Australia’s 600,000 cattle per year export trade to Indonesia moving. The post Indonesia’s 1:5 breeder/feeder ratio front of mind issue at Townsville livex forum appeared first on Beef… Read more »

WoolProducers seeks release of AWI report into ‘man in the mirror’ incident

AUSTRALIA’S peak wool grower body has sought the release of a report into the ‘man in the mirror’ incident involving Australian Wool Innovation chairman Wal Merriman. The post WoolProducers seeks release of AWI report into ‘man in the mirror’ incident appeared first on Sheep Central. Source: Sheep Central WoolProducers seeks release of AWI report… Read more »

Weekly genetics review: The back-stories behind recent record-setting heifer prices

While bull sales usually claim centre-stage in the seedstock industry, in recent weeks two Angus female sales – one in California US and the other in Australia – produced astonishing results. There’s some interesting genetics ‘back-stories’ behind both…. The post Weekly genetics review: The back-stories behind recent record-setting heifer prices appeared first on Beef Central. … Read more »

What’s your beef, Australia? Curtis Stone to headline chefs at Beef 2018 in Rockhampton + VIDEO

Internationally celebrated Australian chef Curtis Stone will headline the lineup of culinary talent participating in the Beef Australia 2018 industry expo in Rockhampton next May. The post What’s your beef, Australia? Curtis Stone to headline chefs at Beef 2018 in Rockhampton + VIDEO appeared first on Beef Central. Source: Beef Central What’s your beef,… Read more »

MLA acts quickly to replace group marketing manager Howie

MEAT & Livestock Australia has announced it has found a replacement for its former group marketing manager Andrew Howie, who starts in a new position at Westpac next month. The post MLA acts quickly to replace group marketing manager Howie appeared first on Sheep Central. Source: Sheep Central MLA acts quickly to replace group… Read more »

Butter price spike: Why sweet treats are getting more expensive

Strong global demand for dairy products is driving up the price of butter. But how is it happening during a period of mostly stable milk prices? Source: ABC Livestock Butter price spike: Why sweet treats are getting more expensive

XE Market Analysis: Asia – Oct 24, 2017

The dollar edged higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. There was no data to move markets, though risk-on conditions helped support the greenback. EUR-USD was fairly steady through the session, with no one making waves ahead of Thursday’s ECB meeting. USD-JPY tested the 114.00 mark, though ultimately failed again…. Read more »

How the pet goat is setting up home in suburbia

More people on city fringes are choosing goats as pets, but a rise in ownership prompts a warning from vets. Source: ABC Livestock How the pet goat is setting up home in suburbia

XE Market Analysis: New Zealand Dollar Slumps To 5-Month Low

OVERVIEW USD steady as markets focus on Fed and ECB policy decisions. GBP under pressure as Barnier warns no “bespoke” Brexit. EUR marginally higher, EZ data misses’ expectations. US stock markets hit fresh record highs.  HIGHLIGHT Source: XE news feed XE Market Analysis: New Zealand Dollar Slumps To 5-Month Low

Weekly rainfall wrap + 14 day outlook, 25 Oct 2017

An extensive cloudband and surface trough became associated with a cold front producing moderate to locally heavy falls between southwestern Queensland and eastern Victoria. The post Weekly rainfall wrap + 14 day outlook, 25 Oct 2017 appeared first on Beef Central. Source: Beef Central Weekly rainfall wrap + 14 day outlook, 25 Oct 2017

Roma store 24 Oct 2017: Rain holds market strong

Quality was generally good, not all buyers were in attendance, however representatives were purchasing on behalf of the absent. The rain has held the market strong. The post Roma store 24 Oct 2017: Rain holds market strong appeared first on Beef Central. Source: Beef Central Roma store 24 Oct 2017: Rain holds market strong

NVLX Wodonga 24 Oct 2017: Trade prices lift

Trade prices lifted as buyers were more intent on competing for a market share on all the better finished lines. Young cattle suitable for the trade generally experienced a 2-6c rise, although there were times where plainer conditioned stock struggled to attract all buyers The post NVLX Wodonga 24 Oct 2017: Trade prices lift appeared… Read more »

XE Market Analysis: North America – Oct 24, 2017

EUR-USD has settled around 1.1750-70 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. USD-JPY has scaled to fresh intraday highs, making 113.75, with the pair recouping most of the decline seen yesterday,… Read more »

XE Market Analysis: Europe – Oct 24, 2017

The dollar majors have posted relatively narrow ranges so far today. EUR-USD has settled around 1.1750 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. A plenary meeting on Thursday’s in Catalan’s regional… Read more »

AWI chairman estimates he could hold up to half the votes in director elections

AUSTRALIAN Wool innovation chairman Wal Merriman was told he should decline proxies given by grower shareholders, after he estimated in a Senate Estimates hearing today that could hold up to half the potential votes in a board election. Under questioning from Regional and Rural Affairs and Transport Legislation Committee chairman Barry O’Sullivan, it was revealed… Read more »

Hancock expects China live export business to start within 12 months + PHOTOS

Gina Rinehart’s Hancock Prospecting has told a live export forum in Townsville this morning that it hopes to start exporting cattle from northern Australia to a quarantine island near China in about one year’s time. The post Hancock expects China live export business to start within 12 months + PHOTOS appeared first on Beef Central. … Read more »

'I'm from the bush': Wool boss apologises for telling reporter to f*** off

Australian wool industry chairman Wal Merriman apologises for telling a journalist to f*** off, saying he used language that was more fitting for a shearing shed. Source: ABC Livestock ‘I’m from the bush’: Wool boss apologises for telling reporter to f*** off

Weekly kill: Qld, NSW kills continue to sag in wake of rain

It’s clearly evident that Qld and northern NSW is again experiencing a big deficit in beef kills this week in the wake of recent rain, with plants across the region in various stages of suspension. Some processors raised grids 10c/kg on cows on Monday, primarily because of southern states competition. The post Weekly kill: Qld,… Read more »

Listed trust outlays $53m for Camm North Qld grazing assets

Listed property trust Rural Funds Group has made a $53 million investment in the northern beef industry, purchasing Camm Agriculture Group’s three North Qld grazing properties in a deal where the Camm family will lease-back, and continue to manage the assets. The post Listed trust outlays $53m for Camm North Qld grazing assets appeared first… Read more »

Cape York town welcomes new vet service to curb strays

A free monthly vet service is introduced into the small Cape York town of Coen in a bid reduce the number of wild dogs roaming the streets. Source: ABC Livestock Cape York town welcomes new vet service to curb strays

XE Market Analysis: Asia – Oct 23, 2017

The dollar was modestly higher in N.Y. trade on Monday, though the DXY managed better than two-week highs of 94.01. There was no data to drive markets, and the risk backdrop had little impact on the FX market, with both yields and stocks range bound. EUR-USD topped at 1.1763 into the London close, then later… Read more »

SA’s Mt Schanck station could make $50m-plus

A price above $50 million is anticipated for one of South Australia’s best grazing properties, Mt Schank station near Mt Gambier, which is about to be offered to the market through expressions of interest. The post SA’s Mt Schanck station could make $50m-plus appeared first on Beef Central. Source: Beef Central SA’s Mt Schanck… Read more »

XE Market Analysis: Pound Slumps as UK Monetary Policy in Spotlight

OVERVIEW Sterling on the backfoot as markets prepare for UK GDP ahead of the interest rate announcement next week. Kiwi Dollar reaches a five-month low on labor government concerns.  Donald Trump says he will decide on the next FED chair “very shortly”. HIGHLIGHT Source: XE news feed XE Market Analysis: Pound Slumps as UK… Read more »

Wagga sale 23 October: Prices gain traction for second week

Cattle prices gained traction at Wagga yesterday posting back-to-back price increases. Agents yarded 4400 cattle, 300 more than the previous market. The post Wagga sale 23 October: Prices gain traction for second week appeared first on Beef Central. Source: Beef Central Wagga sale 23 October: Prices gain traction for second week

Top ranking saleyards by turnover in your state for 2016-17

Meat & Livestock Australia has compiled a survey of cattle saleyards across Australia, ranked in each state by turnover for the 2016-17 financial year. Who’s picked up or lost ground in your state? The post Top ranking saleyards by turnover in your state for 2016-17 appeared first on Beef Central. Source: Beef Central Top… Read more »

XE Market Analysis: Europe – Oct 23, 2017

The dollar has traded mixed in early-week trading so far, gaining on the euro and yen, but losing ground to sterling, the Canadian dollar and other dollar bloc currencies. The yen weakened in the wake of Japan’s election, which returned Abe as prime minister with a resounding mandate for a continuation of ‘Abenomic’ policies, which… Read more »

AWI’s ‘man in the mirror’ chairman Wal Merriman sends a qualified apology

AUSTRALIAN Innovation chairman Wal Merriman has formally apologised to Merino breeders in a research focus group he covertly observed behind a one-way mirror, but not for continuing to watch and listen to them. The post AWI’s ‘man in the mirror’ chairman Wal Merriman sends a qualified apology appeared first on Sheep Central. Source: Sheep… Read more »