Month: November 2017

XE Market Analysis: North America – Nov 30, 2017

The dollar has mostly gained ground today after picking up bids during the European AM session. The buck logged an 11-day versus the yen, and recoup lost ground versus the euro and sterling, after seeing a two-month low in the case against the latter during Asian trading. Lower than expected inflation data out of the… Read more »

Weekly Property Review: New England focus for Wagyu mini property boom

The New England region in northern NSW is one of the hot-spot locations for land investment by Australia’s new or expanding Wagyu breeders, property editor Linda Rowley reports in this second part of her two-part series. The post Weekly Property Review: New England focus for Wagyu mini property boom appeared first on Beef Central. … Read more »

XE Market Analysis: Europe – Nov 30, 2017

Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EUR-GBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be… Read more »

Opinion: Shareholder engagement remains big challenge for MLA AGM process

Complacency continues to plague stakeholder voting participation in the MLA annual general meeting process, statistics requested by Beef Central from this year’s meeting suggest. Just over 5pc of MLA members were motivated to engage in voting this year.   The post Opinion: Shareholder engagement remains big challenge for MLA AGM process appeared first on Beef… Read more »

Coopers brings malting in-house with new $65m plant

Australia’s largest domestically owned brewer, Coopers, has opened a $65 million malting plant today at its Regency Park brewery in Adelaide to mark the biggest single investment in the the family company’s 155-year history. The post Coopers brings malting in-house with new $65m plant appeared first on Grain Central. Source: Grain Central Coopers brings… Read more »

Seasonal climate outlook Dec 2017-Feb 2018

The summer rainfall outlook issued by the Bureau of Meteorology this morning shows no strong swing towards a wetter or drier conditions for most of Australia. The post Seasonal climate outlook Dec 2017-Feb 2018 appeared first on Beef Central. Source: Beef Central Seasonal climate outlook Dec 2017-Feb 2018

Widespread rain and thunderstorms ahead for multiple states

A significant thunderstorm and rainfall system is evolving across southern and eastern Australia with the potential for widespread flooding in parts of Victoria and southern and central NSW, according to the Bureau of Meteorology. The post Widespread rain and thunderstorms ahead for multiple states appeared first on Beef Central. Source: Beef Central Widespread rain… Read more »

MLA research targets preventative probiotic in fight against pimelea

Meat & Livestock Australia (MLA) is investing in a new research project aimed at producing a preventative probiotic for cattle to mitigate poisoning from the potentially fatal pasture plant, pimelea. The post MLA research targets preventative probiotic in fight against pimelea appeared first on Beef Central. Source: Beef Central MLA research targets preventative probiotic… Read more »

XE Market Analysis: Asia – Nov 29, 2017

The dollar started the N.Y. session on a firmer footing in early N.Y. trade on Wednesday, though later faded, taking the DXY to a low of 93.13 from session highs of 93.43. EUR-USD bounced from 1.1818 lows to top later at 1.1865, while USD-JPY faded to 111.69 from highs near 112.15. USD-CAD slipped early, basing… Read more »

XE Market Analysis: Sterling Stronger on Rumored Breakthrough in Brexit Negotiation

OVERVIEW The Sterling leaped to a two-month high earlier today on renewed Brexit negotiation progress. The US Dollar slips on concerns of a shutdown in the US government after Democrats pull out of the meeting with the President. Cryptocurrency Bitcoin surges to another all-time high above $11,000. HIGHLIGHT Source: XE news feed XE Market… Read more »

Diesel prices climb to two-year high

Diesel fuel prices across regional and rural areas of Australia have hit a two-year high this month, after climbing sharply since August. The post Diesel prices climb to two-year high appeared first on Beef Central. Source: Beef Central Diesel prices climb to two-year high

XE Market Analysis: North America – Nov 29, 2017

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand… Read more »

XE Market Analysis: Europe – Nov 29, 2017

Sterling has been the star performer, with markets responding to a story in the Telegraph newspaper reporting that the UK and the EU have agreed on a financial divorcing settlement, which could be up to GBP 55 bln, according to other sources. Despite a government source saying that “there is, as yet, no settlement” and… Read more »

Former WoolPoll chair proposes a grower vote on AWI levy mix in 2018

AUSTRALIAN wool growers should get a vote on how their levy funds are spent, in the 2018 WoolPoll, former Australian Wool Innovation director and past WoolPoll chair John Keniry said today. The post Former WoolPoll chair proposes a grower vote on AWI levy mix in 2018 appeared first on Sheep Central. Source: Sheep Central … Read more »

VIC and NSW floods expected in thunderstorm and rainfall system

A SIGNIFICANT thunderstorm and rainfall system is evolving across southern and eastern Australia with the potential for widespread flooding in parts of Victoria and southern and central NSW. The post VIC and NSW floods expected in thunderstorm and rainfall system appeared first on Sheep Central. Source: Sheep Central VIC and NSW floods expected in… Read more »

AWI shareholders denied votes in director election raise idea of new poll

AUSTRALIAN Wool Innovation shareholders who received their 2017 voting papers late or not at all support an investigation into the flawed election mail-out and possibly another poll, if the number of affected votes is large. The post AWI shareholders denied votes in director election raise idea of new poll appeared first on Sheep Central. … Read more »

Elders offers Indonesian feedlot and beef business for sale

Five months after completing the sale of its livestock export business to an Australian and Chinese owned company, Elders has confirmed it is now offering its Indonesian cattle feedlot and beef processing assets for sale. The post Elders offers Indonesian feedlot and beef business for sale appeared first on Beef Central. Source: Beef Central … Read more »

Young cattleman takes over management of remote Top End property

From leaving school in the remote community of Borroloola at just 15 years old, to managing a cattle station at 28, Jason Craigie has come a long way in a short amount of time. Source: ABC Beef Cattle Young cattleman takes over management of remote Top End property

Unlocking Indigenous-owned land’s pastoral potential

Indigenous land managers from South Australia, the Northern Territory, Queensland and Western Australia who collectively manage 70,000 head of cattle met for an Indigenous Cattleman’s Workshop in Port Augusta last week. Business management, best pastoral practice and creating robust peer support networks were key themes discussed. The post Unlocking Indigenous-owned land’s pastoral potential appeared first… Read more »

Police arrest man over alleged wool thefts in Melbourne

VICTORIAN police have arrested a man following an investigation into a series of alleged wool thefts in Melbourne earlier this year. The post Police arrest man over alleged wool thefts in Melbourne appeared first on Sheep Central. Source: Sheep Central Police arrest man over alleged wool thefts in Melbourne

Weekly rainfall wrap + 14 day outlook, 29 Nov 2017

A series of low pressure troughs produced moderate falls across northern Australia. Moderate to locally heavy falls were recorded in southeastern Australia. The highest weekly total was 187mm at Nardoo Station in northwest Queensland. The post Weekly rainfall wrap + 14 day outlook, 29 Nov 2017 appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: Asia – Nov 28, 2017

The dollar was mixed in N.Y. trade on Tuesday, with some choppy price action noted in both USD-JPY and GBP-USD. The former fell to session lows of 111.06 from near 111.45 after a reported N. Korea missile test. Cable meanwhile, rocketed up to 1.3371 highs from 1.3235 after reports circulated that the EU and U.K…. Read more »

Maleny Dairies defies dairy downturn with million-dollar upgrades

As Australia’s dairy industry crisis continues, Maleny Dairies invests $6 million dollars into improving the delivery of its award-winning milk. Source: ABC Livestock Maleny Dairies defies dairy downturn with million-dollar upgrades

Qld police investigating suspicious dozer fire in FNQ

The Queensland Police service has confirmed this afternoon that detectives from its Major and Organised Crime Squad (Rural) are investigating the arson of a Caterpillar Dozer on a cattle station south west of Mount Garnet. The post Qld police investigating suspicious dozer fire in FNQ appeared first on Beef Central. Source: Beef Central Qld… Read more »

Roma store 28 Nov 2017: Light restocker steers to 418c

Competition was again very strong with light restocker yearling steers selling to a top of 418c, to average 383c, while medium weight feeder steers topped at 338c, to average 325c/kg. The post Roma store 28 Nov 2017: Light restocker steers to 418c appeared first on Beef Central. Source: Beef Central Roma store 28 Nov… Read more »

NVLX Wodonga 28 Nov 2017: Competition eases for feeder heifers

Cattle markets in the past week have been erratic and NVLX Wodonga experienced the same fluctuating price trends, depending on quality and competition The post NVLX Wodonga 28 Nov 2017: Competition eases for feeder heifers appeared first on Beef Central. Source: Beef Central NVLX Wodonga 28 Nov 2017: Competition eases for feeder heifers

XE Market Analysis: North America – Nov 28, 2017

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand… Read more »

XE Market Analysis: Europe – Nov 28, 2017

The dollar has lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy, and on the political front in Germany and Catalonia, along with the risk for the Irish border to… Read more »

APVMA boss to overhaul the organisation as it relocates from Canberra

The newly appointed boss of Australia’s chemical regulator concedes it is “unsustainable” for the organisation to continue as it has in recent years. Source: ABC Livestock APVMA boss to overhaul the organisation as it relocates from Canberra

Weekly kill: Cattle supply looks ‘adequate’ for run through to Christmas

Slaughter cattle supply across eastern Australia looks adequate for the remaining three weeks of the 2017 processing season, with only modest changes evident in grid pricing across eastern states this week. Don’t be surprised to see some QLD grids ease later in the week, however, as supply meets, or exceeds current requirements. The post Weekly… Read more »

Property: $45 million offer secures large-scale King Island cattle aggregation

In a major vote of confidence in the King Island beef industry, a Victorian businessman has outlaid a figure understood to be around $45 million to secure one of the island’s largest grazing property portfolios totalling 6785ha, plus 5500 quality Angus cattle. The post Property: $45 million offer secures large-scale King Island cattle aggregation appeared… Read more »

Europe renews glyphosate licence for five years

The European Commission (EC) has voted to renew the licence for the non-selective herbicide, glyphosate, for another five years in an 11th-hour decision that breaks a long-running deadlock. The post Europe renews glyphosate licence for five years appeared first on Grain Central. Source: Grain Central Europe renews glyphosate licence for five years

Craig Mostyn to purchase WA processor V&V Walsh in staged buyout

Diversified Western Australian food and agribusiness company, Craig Mostyn Group will purchase large WA beef and lamb processor and exporter, V&V Walsh in a staged buyout over the next five years. The post Craig Mostyn to purchase WA processor V&V Walsh in staged buyout appeared first on Beef Central. Source: Beef Central Craig Mostyn… Read more »

AgForce calls for Govt to act quickly to clarify Far North clearing claims

Tensions are rising over land-clearing on a cattle station in far northern Queensland, following unconfirmed reports of a bulldozer being set on fire on the property this week. The post AgForce calls for Govt to act quickly to clarify Far North clearing claims appeared first on Beef Central. Source: Beef Central AgForce calls for… Read more »

Glyphosate chemical licence renewed for five years in Europe

The European Union decides to renew the licence for glyphosate herbicide for just five more years but long-term future is unclear. Source: ABC Grain Glyphosate chemical licence renewed for five years in Europe

Sheep Producers Australia extends lamb definition deadline by a week

SHEEP Producers Australia is extending the deadline for producers and supply chain members to provide feedback on the proposed lamb definition change by a week to Wednesday December 6 2017. The post Sheep Producers Australia extends lamb definition deadline by a week appeared first on Sheep Central. Source: Sheep Central Sheep Producers Australia extends lamb… Read more »

XE Market Analysis: US Dollar Remains Soft

OVERVIEW USD slipped to 2-month low, with recovers on new home sales. The Euro hits a 2-month high on hopes for a German ‘grand coalition’. Japanese Yen rises as the Chinese stock market fall prompts investor caution. The South African Rand is experiencing a volatile session (see featured currency). Source: XE news feed XE… Read more »

XE Market Analysis: Asia – Nov 27, 2017

The dollar was mostly firmer in N.Y. trade on Monday, supported by better housing data, and hopes for a U.S. tax reform package, as the Sentate pushes to pass its version this week. EUR-USD eased back to 1.1898 lows after printing new 2-month highs of 1.1961 early in the session. USD-JPY was on the rise… Read more »

Podcasts to listen to while you're driving your tractor

Whether you’re planting or harvesting, taking cattle to a sale or dropping the kids to boarding school, podcasts can help alleviate boredom. Source: ABC Beef Cattle Podcasts to listen to while you’re driving your tractor

WA meat processor V&V Walsh agrees to CMG Group buy-out

LEADING Western Australian meat processor V&V Walsh has agreed to its phased acquisition by food and agribusiness company, the Craig Mostyn Group (CMG). The post WA meat processor V&V Walsh agrees to CMG Group buy-out appeared first on Sheep Central. Source: Sheep Central WA meat processor V&V Walsh agrees to CMG Group buy-out

Wagga sale 27 Nov 2017: Signs spring cattle rush coming to a close

In a bigger yarding at Wagga of 4750 prices continue to track at steady rates for secondary cattle suitable to lot feed. The post Wagga sale 27 Nov 2017: Signs spring cattle rush coming to a close appeared first on Beef Central. Source: Beef Central Wagga sale 27 Nov 2017: Signs spring cattle rush… Read more »

Lamb definition divide erupts between states as submission deadline nears

VICTORIA’S peak farmer body is opposing the changing of Australia’s definition for lamb, citing a risk of compromising product quality and calling for a business case for the move. The post Lamb definition divide erupts between states as submission deadline nears appeared first on Sheep Central. Source: Sheep Central Lamb definition divide erupts between… Read more »

Significant Australian Wagyu growth ahead in next five years

Australia’s production of Wagyu beef is expected to grow significantly in the next five years, however at a slightly less rapid rate than previously predicted, results of the 2017 Australian Wagyu Association member survey suggest. The post Significant Australian Wagyu growth ahead in next five years appeared first on Beef Central. Source: Beef Central … Read more »

Bindaree’s Chinese partner ‘lacked moral compass’, court says in $31m judgement

In a stark lesson for customers about the volatility of Australian meat and livestock markets, a Supreme Court judge has ordered a Chinese business to pay NSW processor Bindaree Beef more than $31 million for reneging on beef supply deals linked to cattle prices, struck in 2015. The post Bindaree’s Chinese partner ‘lacked moral compass’,… Read more »

First cross ewes sell to $309, young Merino ewes to $246.50 on AuctionsPlus

FIRST cross ewe made $309, young Merino ewes sold to $246.50 and first cross ewe lambs peaked at $230 on AuctionsPlus last week. The post First cross ewes sell to $309, young Merino ewes to $246.50 on AuctionsPlus appeared first on Sheep Central. Source: Sheep Central First cross ewes sell to 9, young Merino… Read more »

Meat processors get ACCC approval for electricity tenders

A GROUP of eastern states’ sheep meat, beef, pork and poultry processors will be allowed to establish a joint energy purchasing group and run joint tender processes for electricity and gas for 11 years.  The post Meat processors get ACCC approval for electricity tenders appeared first on Sheep Central. Source: Sheep Central Meat processors… Read more »

More farmers preparing to invest in tech and innovation: survey

A survey of 1400 Australian farmers conducted in September 2017 indicates a high level of on-farm investment in innovation and technology is planned for 2018. The post More farmers preparing to invest in tech and innovation: survey appeared first on Beef Central. Source: Beef Central More farmers preparing to invest in tech and innovation:… Read more »

Theileriosos warning after cattle deaths in SA

Cattle producers are being urged to stay alert for any signs of theileriosis, a tick-borne disease which may cause anaemia, weakness and death in animals under stress. The post Theileriosos warning after cattle deaths in SA appeared first on Beef Central. Source: Beef Central Theileriosos warning after cattle deaths in SA

US Economic Week in Review: The Autopilot Economy Continues to Move Forward

            We continue to see healthy numbers from the economy.  While the LEIs increased smartly this month, we’ll more than likely see a slower but positive number next month.  The Census Bureau continues to report durable goods orders in the $220-$240 million/month range, indicating a steady demand.  The existing home… Read more »

Weekly Indicators: it's all about bond yields edition

The sparse October data in this short week included a big jump in leading indicators (heavily influenced by a bounce back in hurricane-related data, an increase in existing home sales, a decline in total durable goods, but an increase in core durable goods, and a decline in both the present and future outlook in the… Read more »

Goats, deer and a creepy creeper photos win invasive species competition

IMAGES of environmental damage by feral goats and deer feature among the winning entries in the annual Centre for Invasive Species Solutions photo competition. The post Goats, deer and a creepy creeper photos win invasive species competition appeared first on Sheep Central. Source: Sheep Central Goats, deer and a creepy creeper photos win invasive… Read more »

Heifer prices trend down in 10,600 head AuctionsPlus offering

Heifer prices trended downwards, while steer prices were mostly higher in an AuctionsPlus offering of 10,652 head this week. The post Heifer prices trend down in 10,600 head AuctionsPlus offering appeared first on Beef Central. Source: Beef Central Heifer prices trend down in 10,600 head AuctionsPlus offering

XE Market Analysis: Asia – Nov 24, 2017

FX trade was relatively quiet in N.Y. on Fridahy, with many traders remaining on holiday following Thursday’s Thanksgiving Day. The greenback was mostly lower however, pushing the DXY to a two-month base of 92.68. EUR-USD vaulted to 1.1944 highs, while cable touched seven-week highs of 1.2259. USD-CAD reversed lower ras oil prices remained firm, while… Read more »

XE Market Analysis: US Dollar Under Pressure as Euro Gains

OVERVIEW Quiet holiday-thinned trade has caused the US Dollar to hit 5-week lows. GBP supported by positive Brexit noises. CAD is quiet but oil prices are higher. HIGHLIGHT Source: XE news feed XE Market Analysis: US Dollar Under Pressure as Euro Gains

XE Market Analysis: North America – Nov 24, 2017

The dollar traded mixed today, losing ground to the euro and, to a lesser extent, the pound, while grinding higher versus the yen and Canadian dollar, amongst other currencies. Strong data out of the Eurozone, today and yesterday, fed a bid for the euro, while the dollar settled against other currencies today after underperforming yesterday… Read more »

$5 million upgrade announced for Inverell yards

INVERELL’s cattle and sheep saleyards complex in northern NSW will receive a $5 million upgrade over the next nine months, the facility’s owners Regional Livestock Exchanges announced today. The post $5 million upgrade announced for Inverell yards appeared first on Beef Central. Source: Beef Central million upgrade announced for Inverell yards

Survey finds strong lamb, wool and technology investment intentions

ABOUT a third of Australian wool and prime lamb farmers surveyed by the Commonwealth Bank are looking to expand their operations. The post Survey finds strong lamb, wool and technology investment intentions appeared first on Sheep Central. Source: Sheep Central Survey finds strong lamb, wool and technology investment intentions

New bone work finds cloning did not cause early arthritis in Dolly and Co

CONCERNS that cloning caused early-onset osteoarthritis in Dolly the sheep are unfounded, according to experts at the University of Nottingham and the University of Glasgow. The post New bone work finds cloning did not cause early arthritis in Dolly and Co appeared first on Sheep Central. Source: Sheep Central New bone work finds cloning… Read more »

XE Market Analysis: Europe – Nov 24, 2017

The dollar has managed to find a footing, with USD-JPY recouping above 111.50, putting in a little distance from the two-month low seen at 111.06 during early trading yesterday. EUR-USD dipped under 1.1840 after earlier edging out a nine-day high of 1.1859. An evolving political crisis in Ireland seems to have encouraging some selling of… Read more »

$46m industry impact identified in early beef language reforms

Industry reforms already implemented as a result of the Beef Language White Paper recommendations are starting to deliver massive benefits to industry, stakeholders heard at an industry forum in Alice Springs on Wednesday. An analysis suggested an additional $46.4m in value would be delivered annually across the supply chain as a result of just one… Read more »

South Australian wool and sheep meat producer chooses MLA for progress

SOUTH Australian Merino breeder and sheep meat producer Andrew Michael has successfully chosen Meat & Livestock Australia over Australian Wool Innovation to progress his industry. The post South Australian wool and sheep meat producer chooses MLA for progress appeared first on Sheep Central. Source: Sheep Central South Australian wool and sheep meat producer chooses… Read more »

Capital investment will underpin future red meat productivity, Alice Springs audience told

The need for greater capital and investor confidence to underpin future red meat sector productivity growth was a theme visited several times at Wednesday’s industry forums and annual meetings held in Alice Springs. The post Capital investment will underpin future red meat productivity, Alice Springs audience told appeared first on Beef Central. Source: Beef… Read more »

Religious complaints against MLA lamb campaign upheld

COMPLAINTS against Meat & Livestock Australia’s latest spring lamb advertising initiative have been upheld, following an independent review’s finding against the Advertising Standard Bureau’s dismissal of religious opposition to the campaign. The post Religious complaints against MLA lamb campaign upheld appeared first on Sheep Central. Source: Sheep Central Religious complaints against MLA lamb campaign… Read more »

Energy costs a challenge for malting, oils

GrainCorp has cited concerns about the rising cost of energy and its impact on the bottom line for its malt-processing and edible oil divisions which rely heavily on it. The post Energy costs a challenge for malting, oils appeared first on Grain Central. Source: Grain Central Energy costs a challenge for malting, oils

Hassad Australia close to finalising sale of NSW and SA properties

QATAR-OWNED Hassad Australia expects to finalise the sale of several properties this year to fund a further investment in lamb and grain marketing and value-adding. The post Hassad Australia close to finalising sale of NSW and SA properties appeared first on Sheep Central. Source: Sheep Central Hassad Australia close to finalising sale of NSW… Read more »

Recruitment: Earning others’ trust in the workplace

Latest listings on Jobs Central recruitment page: Senior Member Services Officer – Angus Australia Junior Portfolio Manager-Regional NSW (Rimfire client) Production Overseer-Qld Ag Training Colleges Dozer Operator – Mt Spencer Station Property Manager-beef,grazing, cropping – Augathella QLD Junior Stock & Station Agent – Bowyer & Livermore Livestock Lamb Value Chain Manager – Hassad Australia Senior… Read more »

Grain transport costs unveiled in new report

National grain farmers’ representative body, GrainGrowers, has welcomed the release of report into the transport costs impacting on the grains industry which provides new insights into the $5.8 billion the sector spends on transport each year. The post Grain transport costs unveiled in new report appeared first on Grain Central. Source: Grain Central Grain… Read more »

Opinion: Land clearing – putting the cart before the horse?

Land clearing has become a very  emotional issue, almost an article of faith (a church) and has thus become polarised with very little common ground or common sense. Why has it become so? What was the reason for it? The post Opinion: Land clearing – putting the cart before the horse? appeared first on Beef… Read more »

Australian wool prices fall as buyers get more discerning

WOOL prices fell at Australian auctions this week, with finer Merino and crossbred clips the most-affected. The post Australian wool prices fall as buyers get more discerning appeared first on Sheep Central. Source: Sheep Central Australian wool prices fall as buyers get more discerning

Cattle Council of Australia names new CEO

After holding its 2017 annual general meeting in Alice Springs earlier this week the Cattle Council of Australia has announced a Chief Executive Officer to replace Duncan Bremner, who resigned from the position in July.  The post Cattle Council of Australia names new CEO appeared first on Beef Central. Source: Beef Central Cattle Council… Read more »

Dubbo sale 23 Nov 2017: Market solid for most categories

A good quality yarding with a top selection of grown steers in prime condition a number of which had come off crops or have had grain assistance. The post Dubbo sale 23 Nov 2017: Market solid for most categories appeared first on Beef Central. Source: Beef Central Dubbo sale 23 Nov 2017: Market solid… Read more »

Dolly's skeleton shows her joints aged normally

The sheep was put to sleep amid concerns she was suffering age-related diseases, but concerns over a direct link between Dolly’s osteoarthritis and cloning were unfounded, researchers find. Source: ABC Livestock Dolly’s skeleton shows her joints aged normally

XE Market Analysis: North America – Nov 23, 2017

The dollar has remained on a weakening track following soft data out of the U.S. yesterday, which was followed up by the minutes to the recent Fed policy meeting highlighting policymaker concern about the persistence of benign inflationary readings. EUR-USD rallied to an eight-day high of 1.1847 while the USD index (DXY) concomitantly fell to… Read more »

XE Market Analysis: Europe – Nov 23, 2017

The dollar has remained on a downward path. USD-JPY extended the sharp decline of yesterday, logging a two-month low of 111.06 in a thin Asia-Pacific session, lacking Tokyo participation due to Japan’s version of thanksgiving, before settling around the 111.30 mark. EUR-USD logged an eight-day high of 1.1839 while the USD index (DXY) concomitantly fell… Read more »

Animal welfare, supply chain relationships front-of-mind for producers at Alice Springs

Animal welfare, ways to improve technology adoption and how to cultivate better collaborative supply chain relationships were the front-of-mind challenges raised by red meat producers during question time at industry forum sessions held yesterday in Alice Springs as part of the annual industry AGMs. The post Animal welfare, supply chain relationships front-of-mind for producers at… Read more »

Panel puts gene editing under the microscope

What can gene editing deliver for agriculture? Is regulation keeping up with this latest development in genetic technology? Will consumers accept it more readily than they have GMOs? The post Panel puts gene editing under the microscope appeared first on Grain Central. Source: Grain Central Panel puts gene editing under the microscope

In search of the best steak in Bali

Beef Central’s southeast Asian correspondent Ross Ainsworth recently conducted an interesting consumer experiment: Seeking out the best restaurant steak available on the Indonesian resort island of Bali. Included were samples from quality boxed beef imports from Australia, as well as Australian cattle imported live, and fed and slaughtered in Indo. Some of the results may… Read more »

XE Market Analysis: Asia – Nov 22, 2017

The dollar took it on the chin in N.Y. trade on Wednesday, taking the DXY to one-week lows of 93.44. Hawkish ECB speak from Coeure, who hinted at an end to QE in September next year. In addition, FX market jitters over Yellen comments on low inflation dented the dollar. EUR-USD topped at 1.1798 after… Read more »

Two new directors voted onto MLA board

MLA members supported the election of three directors to the MLA board at yesterday’s industry AGM in Alice Springs – an incumbent and two first-time boardmembers – one each from Queensland and South Australia. The post Two new directors voted onto MLA board appeared first on Beef Central. Source: Beef Central Two new directors… Read more »

XE Market Analysis: UK Budget Unveils Need for Increased Borrowing

OVERVIEW Chancellor Hammond plans to spend more over the next couple of years to offset the impact of Brexit. US consumer sentiment index dropped to 98.5 from 100.7 in October as we head towards the Thanksgiving holiday. The Euro demonstrates resilience despite the political uncertainty going into next year. HIGHLIGHT The UK budget gave first-time… Read more »

Brand Australia to underpin Australian exports

The Federal Government will develop a unified and cohesive national brand to promote Australian products in export markets. The post Brand Australia to underpin Australian exports appeared first on Beef Central. Source: Beef Central Brand Australia to underpin Australian exports

Dalby sale 22 Nov 2017: Feeder steer prices rise

Wide spread rain in some of the Western areas restricted some movements of cattle, although there were consignments from the Channel country, resulting in a smaller yarding of 4,043 head, down by 1,284. The post Dalby sale 22 Nov 2017: Feeder steer prices rise appeared first on Beef Central. Source: Beef Central Dalby sale… Read more »

Australian Beef Sustainability Framework backs MLA’s carbon-neutral commitment

The Australian Beef Sustainability Framework has backed MLA’s commitment made yesterday that the red meat industry should aim to be carbon-neutral by 2030. The post Australian Beef Sustainability Framework backs MLA’s carbon-neutral commitment appeared first on Beef Central. Source: Beef Central Australian Beef Sustainability Framework backs MLA’s carbon-neutral commitment

Weekly property review: Wagyu interest generating its own mini property boom

Property buying activity specifically for Wagyu cattle production has been increasingly evident over the past two years, with several regions across the eastern seaboard emerging as favoured locations. Areas like the Hunter Valley and New England region in northern NSW have become Wagyu grazing ‘conversion hot-spots’ since 2016 and the trend has created its own… Read more »

Hassad sells showcase Raby, plus Glendale and Ungarra aggregations

Hassad Australia has entered into contracts for the sale of its showcase Warren district (NSW) grazing property Raby, plus the South Australian Glendale aggregation near Burra and Ungarra aggregation on the Eyre Peninsula. The post Hassad sells showcase Raby, plus Glendale and Ungarra aggregations appeared first on Beef Central. Source: Beef Central Hassad sells… Read more »

Woolies is grinding us down, flour producer says

Flour mill Laucke’s dispute with Woolworths deepens, with the SA company claiming six of its products have been pulled from shelves because of an ongoing cost dispute. Source: ABC Grain Woolies is grinding us down, flour producer says

Red meat industry can be carbon-neutral by 2030, says MLA

AUSTRALIA’S red meat industry can become carbon neutral by 2030, Meat & Livestock Australia managing director Richard Norton told the company’s annual general meeting in Alice Springs this afternoon. Mr Norton said achieving the goal would put Australia head and shoulders above its competitors, giving consumers even more confidence in the quality and integrity of… Read more »

Australian red meat sector sets 2030 carbon neutral target

Research and marketing group Meat and Livestock Australia says the country’s red meat industry could be carbon neutral by 2030, and the target will prove farming red meat is environmentally sustainable. Source: ABC Beef Cattle Australian red meat sector sets 2030 carbon neutral target

Satellites and helicopters watch the grass grow at Sundown Valley

The Statham family’s Sundown Pastoral Company at Kingstown west of Armidale in the New England area of NSW is Australia’s largest high performance pasture program, and one of the country’s largest cattle backgrounding operations. The post Satellites and helicopters watch the grass grow at Sundown Valley appeared first on Beef Central. Source: Beef Central … Read more »

VFF calls for end to AWI-MLA rift, and renewed flystrike and mulesing research

A VICTORIAN Farmers Federation call for sheep industry co-operation on breech flystrike research is seeking to end the rift between Australian Wool Innovation and Meat & Livestock Australia on the issue. The post VFF calls for end to AWI-MLA rift, and renewed flystrike and mulesing research appeared first on Sheep Central. Source: Sheep Central … Read more »

Will farm advisers still exist in a robotic, digital age?

With crop monitoring and analysis increasingly being outsourced to the latest automated sensing technologies, will there still be a role for agronomists and farm advisers in the digital age of the future? The post Will farm advisers still exist in a robotic, digital age? appeared first on Grain Central. Source: Grain Central Will farm… Read more »

Slaughter reporting issue raises concerns over transparency, competitiveness, says ACCC

ACCC’s Mick Keogh explained to red meat stakeholders attending the industry AGMs in Alice Springs today why reliable market information and objective performance data will be essential to future productivity gains in the red meat industry. The post Slaughter reporting issue raises concerns over transparency, competitiveness, says ACCC appeared first on Sheep Central. Source:… Read more »

CHS Broadbent buys GrainFlow’s Jondaryan site

CHS Broadbent has increased its storage and handling capabilities with the purchase of the Cargill-owned GrainFlow site at Jondaryan on southern Queensland’s Darling Downs. The post CHS Broadbent buys GrainFlow’s Jondaryan site appeared first on Grain Central. Source: Grain Central CHS Broadbent buys GrainFlow’s Jondaryan site

Making time for mates in turbulent dairy industry

Dairy farmers say social support is helping to ease the pressures of the job in a turbulent time for the industry. Source: ABC Livestock Making time for mates in turbulent dairy industry

Coles defends its actions in legal challenge by beef processor ACC

National supermarket retailer Coles has defended its actions, following the filing of an injunction by the company’s northern beef supply chain partner Australian Country Choice over breach of contractual obligations in beef/offal export. The post Coles defends its actions in legal challenge by beef processor ACC appeared first on Beef Central. Source: Beef Central … Read more »

Fake meat fight brewing in meat industry

The consumption of food like chickpea patties, insects and lab-grown meat is on the rise and challenging traditional meat industries, according to an international report. Source: ABC Livestock Fake meat fight brewing in meat industry