Month: November 2017

Young Beef Producers Forum: Tech enhancing, but also challenging, our comfort levels

Feeling uncomfortable yet? That question was posed more than once by AuctionsPlus’ CEO Anna Speer to 200 young beef producers on Friday as she took them on a fascinating, and at times confronting, journey into how emerging technologies are rapidly reshaping the rural and global landscape before our eyes. The post Young Beef Producers Forum:… Read more »

Farmers cut out antibiotics amid superbug worries

Excessive use of antibiotics by farmers and doctors has health officials fearing millions could die each year from antimicrobial resistance as superbugs take hold. Source: ABC Livestock Farmers cut out antibiotics amid superbug worries

New Year recruitment drive for new Sheep Producers of Australia CEO

SHEEP Producers Australia is looking for a new chief executive officer after veterinarian Dr Kat Giles resigned after overseeing the body’s transition from its Sheepmeat Council of Australia origins. The post New Year recruitment drive for new Sheep Producers of Australia CEO appeared first on Sheep Central. Source: Sheep Central New Year recruitment drive… Read more »

Ten quick farm facts to share, as Australia celebrates National Agriculture Day + VIDEO

National Agriculture Day, being celebrated today, has resonated strongly with Australian citizens, with social media, morning TV and city newspapers alive with conversations this morning about the contribution being made by people engaged in the ag sector. The post Ten quick farm facts to share, as Australia celebrates National Agriculture Day + VIDEO appeared first… Read more »

Ten quick farm facts to share, as Australia celebrates National Agriculture Day + VIDEO

National Agriculture Day, being celebrated today, has resonated strongly with Australian citizens, with social media, morning TV and city newspapers alive with conversations this morning about the contribution being made by people engaged in the ag sector. The post Ten quick farm facts to share, as Australia celebrates National Agriculture Day + VIDEO appeared first… Read more »

Surveying the red meat industries for improved profitability

How well does the red meat industry value product quality? It’s a question researchers at the University of New England are seeking answers for, and they are hoping to engage with lamb producers and other stakeholders along the supply chain to achieve it. The post Surveying the red meat industries for improved profitability appeared first… Read more »

Qld’s Kylie Stretton named 2017 Beef Industry Rising Champion

Queensland’s Kylie Stretton was named 2017 NAB Agribusiness Beef Industry Rising Champion at a gala dinner in Alice Springs tonight. The post Qld’s Kylie Stretton named 2017 Beef Industry Rising Champion appeared first on Beef Central. Source: Beef Central Qld’s Kylie Stretton named 2017 Beef Industry Rising Champion

WoolProducers Australia urges growers to share stories on first AgDay + VIDEO

PEAK wool grower body WoolProducers Australia is encouraging people involved in agriculture and consumers to celebrate National AgDay today. The post WoolProducers Australia urges growers to share stories on first AgDay + VIDEO appeared first on Sheep Central. Source: Sheep Central WoolProducers Australia urges growers to share stories on first AgDay + VIDEO

XE Market Analysis: Euro Weakens After German Coalition Talks Fail

OVERVIEW British Pound is higher after news on the weekend increased financial settlement. The US Dollar is recovering some ground, doubts remain on tax reform. The Euro is weaker as German political risk and Draghi both weigh. The Turkish Lira is down over 1%, adding to Friday’s losses. HIGHLIGHT Source: XE news feed XE… Read more »

October housing permits and starts indicatte slowdown ending

Last week’s report on housing permits and starts was big news, because housing finally broke out to new highs, surpassing last winter’s numbers, after a slowdown for 9 months.  Source: XE news feed October housing permits and starts indicatte slowdown ending

Wagga sale 20 Nov 2017: Export processors retreat

Export prices continued to soften this week with one major processor buying the bulk of the offering. The post Wagga sale 20 Nov 2017: Export processors retreat appeared first on Beef Central. Source: Beef Central Wagga sale 20 Nov 2017: Export processors retreat

Surveying the red meat industries for improved profitability

How the does the red meat industry value product quality? UNE researchers are conducting pioneering research that seeks to place a value on product quality information, and to compare the values expressed at the different stages of the supply chain – and they need the help of industry stakeholders. The post Surveying the red meat… Read more »

Aussie producers play a role in the fight against antibiotic resistance

As part of World Antibiotic Awareness Week (13-19 November), the Australian Veterinary Association (AVA) is highlighting the importance of veterinarians and farmers working together to use antibiotics responsibly in livestock. The post Aussie producers play a role in the fight against antibiotic resistance appeared first on Beef Central. Source: Beef Central Aussie producers play… Read more »

Wool grower campaign to assess AWI vote pack fall-out after Cocking loss

WOOL growers have started a campaign to assess the magnitude of unreceived Australian Wool Innovation pre-election voting papers and implement a full election audit. The post Wool grower campaign to assess AWI vote pack fall-out after Cocking loss appeared first on Sheep Central. Source: Sheep Central Wool grower campaign to assess AWI vote pack… Read more »

Young Beef Producers Forum: Five steps to getting started in ag

One of the most common questions Resource Consulting Services (RCS) general manager David McLean says he hears from young people in agriculture is this: with the price of land as high as it is, how do I actually make a start? The post Young Beef Producers Forum: Five steps to getting started in ag appeared… Read more »

Queensland harvest winding down, NSW and Vic holding up

As Queensland harvest draws to a close, the quality of receivals progressing southward through New South Wales and Victoria is holding up, amid on-again off-again rainy conditions. The post Queensland harvest winding down, NSW and Vic holding up appeared first on Grain Central. Source: Grain Central Queensland harvest winding down, NSW and Vic holding… Read more »

Small rise in live exports in October, trade eyes Turkey opportunity

Feeder and slaughter cattle exports edged above 66,000 head in October, five percent higher year-on-year. Meat & Livestock Australia says there are increased prospects for cattle exports to Turkey to expand, as the Turkish government targets a 700,000 head import quota in order to control domestic beef prices.  The post Small rise in live exports in… Read more »

Live slaughter sheep trade to China could take years to develop

AUSTRALIA’S live slaughter sheep protocol with China was currently “completely uncommercial” and the trade might take years to mature, the 2017 LIVEXchange conference was told in Perth last week. The post Live slaughter sheep trade to China could take years to develop appeared first on Sheep Central. Source: Sheep Central Live slaughter sheep trade… Read more »

National poll outlines extent of city-agriculture disconnect

STARTLING new research has revealed that Australians have grown disconnected from where their food and fibre comes from and are oblivious of the farm sector’s economic contribution. The post National poll outlines extent of city-agriculture disconnect appeared first on Sheep Central. Source: Sheep Central National poll outlines extent of city-agriculture disconnect

South Australian grain co-op signs up for port pact

A grain growers’ co-operative in South Australia has signed a deal to develop a logistics/export business. The post South Australian grain co-op signs up for port pact appeared first on Grain Central. Source: Grain Central South Australian grain co-op signs up for port pact

Wombats 'dozed', burnt during private land clearing, Tasmanian group says

Wombat Rescue Tasmania is calling for an education campaign after burrows were apparently destroyed in the state’s north during a gorse-clearing operation. Source: ABC Livestock Wombats ‘dozed’, burnt during private land clearing, Tasmanian group says

Lab-grown meat, insects, vege meat substitutes: Will they steal beef’s protein status?

Alternative proteins including plant-based meat substitutes, emerging insect or algae-based products and lab-grown meat patties are starting to successfully compete for the consumer’s ‘centre of the plate,’ an international report says. The post Lab-grown meat, insects, vege meat substitutes: Will they steal beef’s protein status? appeared first on Beef Central. Source: Beef Central Lab-grown… Read more »

Competitor watch: Is the US nearing the top of its beef production cycle?

US beef production is expected to continue to grow in the next two years, thanks to an expanding beef cow herd, good pasture conditions and ample feed supplies. The rate of herd growth is expected to slow, however, as US cow-calf producer profits have eroded considerably in the last two years. The post Competitor watch:… Read more »

Sheep smart tags achieve 96pc pedigreed accuracy within 48 hours

AUSTRALIAN sheep producers could using new maternal pedigree technology on a commercial scale as early as March next year. The post Sheep smart tags achieve 96pc pedigreed accuracy within 48 hours appeared first on Sheep Central. Source: Sheep Central Sheep smart tags achieve 96pc pedigreed accuracy within 48 hours

First cross ewes to $304 as sheep demand on AuctionsPlus grows after rain

FIRST cross ewes sold to $304, ewe lambs to $244 and Merino ewe hoggets made $234 on AuctionsPlus last week. The post First cross ewes to $304 as sheep demand on AuctionsPlus grows after rain appeared first on Sheep Central. Source: Sheep Central First cross ewes to 4 as sheep demand on AuctionsPlus grows… Read more »

New Sheep CRC chairman Ian Wilton to oversee final 18 months

EXPERIENCED agribusiness director Ian Wilton has been appointed as chairman of the Cooperative Research Centre for Sheep Industry Innovation’s board. The post New Sheep CRC chairman Ian Wilton to oversee final 18 months appeared first on Sheep Central. Source: Sheep Central New Sheep CRC chairman Ian Wilton to oversee final 18 months

Live export industry celebrates young and lifetime achievers

AUSTRALIAN livestock exporters have celebrated two of their highest achievers at the industry’s annual Gala Dinner in Perth on Thursday night, held as part of the LIVEXchange 2017 conference last week The post Live export industry celebrates young and lifetime achievers appeared first on Sheep Central. Source: Sheep Central Live export industry celebrates young… Read more »

International Economic Week in Review: The Synchronous Expansion Continues

            Global economic news from the OECD big seven continues showing a world economy with link synchronous growth.  The EU is entering its second year of above-trend growth.  There’s no reason to believe this trend will not continue for the next 3 to 6 months.  Japan is also enjoying strong… Read more »

US Economic Week in Review: The Economy Is Humming Along Nicely

            The good news for the U.S. is that its economy continues to expand at a strong rate.  This week, two coincident indicators – retail sales and industrial production – were released.  Both grew strongly.  After hurricane caused spikes, initial unemployment claims have returned to previously low levels.  While the… Read more »

US Bond Market Week in Review: The Fed's Inflation Problem With Illustrations

            The Federal Reserve has an inflation problem.  No, inflation is not too hot.  In fact, it’s too cold.  More importantly, the Fed continues to rgue inflation will eventually hit and maintain 2%.  But the underlying trend says otherwise.              First, the PCE implicit price deflator is the Fed’s preferred… Read more »

Weekly Indicators: yield curve flatter but still positive edition

October data was almost all positive, including significant increases in housing permits and starts, a big jump in industrial production and capacity utilization, and increase in both nominal and real retail sales, and subdued consumer inflation. Producer prices did jump more than expected.   Source: XE news feed Weekly Indicators: yield curve flatter but… Read more »

Steer and heifer prices trend down in smaller AuctionsPlus offering

MOST steer and heifer prices trended downwards this week on AuctionsPlus, where cattle numbers on offer backed-off by 1186 head to total 10,092 head. The post Steer and heifer prices trend down in smaller AuctionsPlus offering appeared first on Beef Central. Source: Beef Central Steer and heifer prices trend down in smaller AuctionsPlus offering

New pastoral zone sheep module launched at Broken Hill

SHEEP producers in Australia’s pastoral zones are the focus of the latest module in the popular and practical Making More from Sheep (MMfS) program. The post New pastoral zone sheep module launched at Broken Hill appeared first on Sheep Central. Source: Sheep Central New pastoral zone sheep module launched at Broken Hill

MLA to launch bold plan to improve on-farm connectivity

Meat & Livestock says it is preparing to tackle one of the biggest on-farm productivity constraints with a bold plan to improve connectivity on-farm and right through the red meat supply chain. The post MLA to launch bold plan to improve on-farm connectivity appeared first on Beef Central. Source: Beef Central MLA to launch… Read more »

XE Market Analysis: Asia – Nov 17, 2017

The dollar attempted a modest rally after better U.S. housing starts data, though given the backdrop of White House Subpoenas and doubts over the ability of the GOP to pass tax reform, ultimately faded to near rlows of the week. Wall Street lost ground as gold rallied, leaving the risk backdrop very soggy to end… Read more »

XE Market Analysis: US Dollar Ends on a Weak Note

OVERVIEW US Dollar slips on a report that the Special Counsel subpoenaed Trump’s election campaign for documents. Canadian inflation drops to 1.4% and weakens the Loonie. US Dollar slips as investors watch for progress on tax reform bill. Bitcoin hits an all-time high on software upgrade rumors.  HIGHLIGHT Source: XE news feed XE Market… Read more »

XE Market Analysis: North America – Nov 17, 2017

The dollar is lower on reports about the Trump administration having last month been served a subpoena from the special council Mueller requesting documents relating to Russia, according to the WSJ. Separately, the House Judiciary Committee sent a letter to the attorney of Jared Kushner, Trump’s son-in-law and senior advisor, asking for more information about… Read more »

XE Market Analysis: Europe – Nov 17, 2017

The dollar has been trading mixed so far today, losing ground to the yen, euro and sterling, while gaining versus the Australian dollar, other dollar bloc currencies, and most emerging market units. USD-JPY was the biggest mover, logging a one-month low at 112.39. The mixed performance of the dollar follows a mixed set of data… Read more »

NSW broker Don Macdonald joins AWI board

WoolProducers Australia issued a statement this afternoon congratulating the successful candidates of the AWI director elections, and challenging the new board to improve its operations. The post NSW broker Don Macdonald joins AWI board appeared first on Sheep Central. Source: Sheep Central NSW broker Don Macdonald joins AWI board

South Australia likely to extend GM crop ban

The ban on genetically modified (GM) crops in South Australia is likely to be extended after the state’s Upper House passed, by one vote, a Greens motion to extend the prohibition to 2025. The post South Australia likely to extend GM crop ban appeared first on Grain Central. Source: Grain Central South Australia likely… Read more »

Outback Northern Territory hit with soaking rain, breaking dry stretch

It has been a wet week across much of the Northern Territory, with many cattle stations receiving their first rain of the season, and in some cases the first rain of the year. Source: ABC Livestock Outback Northern Territory hit with soaking rain, breaking dry stretch

WA harvest passes three-million-tonne mark

More than three million tonnes of grain have been received so far into the CBH Group’s system in Western Australia as the WA harvest gathers pace after thunderstorms created havoc earlier in the month. The post WA harvest passes three-million-tonne mark appeared first on Grain Central. Source: Grain Central WA harvest passes three-million-tonne mark

Livestock exporters salute industry leaders

Australian livestock exporters have celebrated two of their highest achievers at the industry’s annual Gala Dinner in Perth earlier last night, held as part of the LIVEXchange 2017 conference. The post Livestock exporters salute industry leaders appeared first on Beef Central. Source: Beef Central Livestock exporters salute industry leaders

Wool prices soar, but industry leaders face AGM pressure

Wool prices are higher than ever, but a series of scandals at the industry’s peak body is putting a dampener on the celebrations. Source: ABC Livestock Wool prices soar, but industry leaders face AGM pressure

XE Market Analysis: Asia – Nov 16, 2017

Generally soft incoming U.S. data weighed on the dollar early in the N.Y. session on Thursday, as import prices were soft, jobless claims higher than forecast, and the Philly Fed index falling more than expected. Stronger industrial production later supported the greenback, though it was later in the session that saw the unit move to… Read more »

Australian Wool Innovation AGM mail-out and voting system inquiry call

THE nation’s peak wool grower body and an Australian Wool Innovation director candidate have called for an investigation into the company’s voting system and 2017 annual general meeting mail-out. The post Australian Wool Innovation AGM mail-out and voting system inquiry call appeared first on Sheep Central. Source: Sheep Central Australian Wool Innovation AGM mail-out… Read more »

XE Market Analysis: Euro Slips as Risk Appetite Returns

OVERVIEW US Dollar data continues to show that the economy is growing at a robust pace. The Euro is under pressure as wide and negative rate differentials back in focus.  Retail sales for the Pound fall for the first time in 4 years, with the Brexit tone upbeat. Canadian Dollar is lifted by manufacturing sales… Read more »

Wool prices reach new record level despite large offering

WOOL prices firmed further this week to a new record benchmark level, despite brokers offering more than 50,000 bales nationally. The post Wool prices reach new record level despite large offering appeared first on Sheep Central. Source: Sheep Central Wool prices reach new record level despite large offering

Modest progress in chilled beef access to China

An additional beef abattoir and four cold storage facilities have been added to the list of approved establishments for chilled beef export to China, following high-level government-to-government dialogue last Friday. The post Modest progress in chilled beef access to China appeared first on Beef Central. Source: Beef Central Modest progress in chilled beef access… Read more »

WoolProducers Australia keeps leader and elects new directors

PEAK wool grower body WoolProducers Australia has re-elected president Richard Halliday and elected two new directors. The post WoolProducers Australia keeps leader and elects new directors appeared first on Sheep Central. Source: Sheep Central WoolProducers Australia keeps leader and elects new directors

AA Co shares in sharp slide after half-year loss result

Shares in the listed AA Co have fallen sharply since Wednesday’s release of results for the April-to-September half-year showing a loss of $37.7 million, compared with earnings of $47.9m for the corresponding period the year before. The post AA Co shares in sharp slide after half-year loss result appeared first on Beef Central. Source:… Read more »

XE Market Analysis: North America – Nov 16, 2017

EUR-USD carved out a fresh low at 1.1767, breaching yesterday’s low by 1 pip and marking a 94 pip decline from yesterday’s one-month peak. The move largely reflected a bid for the dollar, a rebound following a several-day phase of underperformance, while the euro is trading mixed versus other currencies, firmer against the yen and… Read more »

XE Market Analysis: Europe – Nov 16, 2017

The dollar has rebounded today after several days of losses against its main peers. USD-JPY led the way, tracking a rebound in risk appetite in Asian equity markets, aided by encouraging corporate earnings reports and a stabilization in oil and other commodity prices. The pair has logged an intraday high at 113.25, which is 2… Read more »

Pearls of wisdom from Day 1 of Roma’s Young Beef Producers Forum + PICS

More than 200 young cattle producers from almost every state of Australia have gathered in Roma, the home of Australia’s largest cattle selling centre,  this week for the 2017 Young Beef Producers Forum. The post Pearls of wisdom from Day 1 of Roma’s Young Beef Producers Forum + PICS appeared first on Beef Central. … Read more »

Recruitment: Upsurge in ag enrolments heightens need for work experience opportunities

A resurgence in student enrolments in the agricultural sciences at universities across Australia has exposed the need for stronger linkages to be built between universities and the agricultural industry. The post Recruitment: Upsurge in ag enrolments heightens need for work experience opportunities appeared first on Beef Central. Source: Beef Central Recruitment: Upsurge in ag… Read more »

Livestock Global Assurance Program gets industry tick of support

Australia’s live animal exporters have unanimously voted to implement the Livestock Global Assurance Program to extend animal welfare. The post Livestock Global Assurance Program gets industry tick of support appeared first on Beef Central. Source: Beef Central Livestock Global Assurance Program gets industry tick of support

Seasonal climate outlook Dec 2017-Feb 2018 + VIDEO

The Bureau of Meteorology’s rainfall outlook for December to February released today shows northeast NSW and regions surrounding the Gulf of Carpentaria are likely to be drier than average. Elsewhere across the country, there is no strong signal showing wetter or drier conditions for summer. The post Seasonal climate outlook Dec 2017-Feb 2018 + VIDEO… Read more »

Dubbo sale 16 Nov 2017: Prices ease in 3550 head yarding

Most categories sold to easier rates in a yarding of 3550 head, down by 250 on the previous week. It was only a fair quality yarding with limited numbers of prime cattle throughout the yarding. The post Dubbo sale 16 Nov 2017: Prices ease in 3550 head yarding appeared first on Beef Central. Source:… Read more »

Upsurge in ag enrolments heightens need for work experience opportunities

A resurgence in student enrolments in the agricultural sciences at universities across Australia has exposed the need for stronger linkages to be built between universities and the agricultural industry. The post Upsurge in ag enrolments heightens need for work experience opportunities appeared first on Grain Central. Source: Grain Central Upsurge in ag enrolments heightens… Read more »

Feeder cattle permits for China are ‘close,’ live exporters told

While Australia’s modest live cattle trade into China so far has been in slaughter-ready cattle, indications that the release of import permits for feeder cattle into China appears to be “quite close” delegates attending the LIVEXchange conference in Perth heard yesterday. The post Feeder cattle permits for China are ‘close,’ live exporters told appeared first… Read more »

RSPCA urged to drop campaigns to shut down livex

A call for animal welfare groups to drop their campaigns to shut down the live export trade has been rejected by the RSPCA at the 2017 LIVEXchange conference in Perth. Immediate past Livecorp chairman David Galvin made the call at the conference yesterday after outlining the difficulties faced by the trade in the past year,… Read more »

Early spring rain triggers buffalo fly spike, three-day sickness outbreaks

Warm winter conditions followed by early spring rains have triggered an earlier and more aggressive onset of buffalo fly pressure this year. There are also reports of “quite savage” three-day sickness outbreaks occurring in Central Queensland where recent rains have increased the population of biting midges. The post Early spring rain triggers buffalo fly spike,… Read more »

XE Market Analysis: Tax Reform Doubts Weigh on Sentiment

OVERVIEW The US Dollar is broadly lower despite CPI tick up and retail sales beat. The Pound struggles to hold gains as the domestic political situation remains fragile. Euro adds to recent gains and fully recovers its fall since the ECB meeting. The Canadian Dollar is weaker alongside oil prices, and home prices fell sharply… Read more »

XE Market Analysis: North America – Nov 15, 2017

The yen has continued to outperform amid a sharpening risk-off theme in global markets. USD-JPY dove to a four-week low at 112.64, driven by safe haven demand for the Japanese currency. AUD-JPY, which can be seen as a forex market proxy on risk appetite, is showing the day’s biggest movement out of the currencies we… Read more »

XE Market Analysis: Europe – Nov 15, 2017

The yen has been outperforming amid a sharpening risk off theme in global markets. USD-JPY has declined to a two-week low at 113.03, and EUR-JPY corrected recent gains in falling under 113.50. AUD-JPY, which can be seen as a forex market proxy on global investor risk appetite, has fallen by 0.9% in making three-month lows…. Read more »

Property leasing: A North Queensland perspective

Over the past five years, leasing is becoming more prevalent in the ownership and operation of North Queensland agricultural assets, suggests Herron Todd White’s Townsville-based valuer, Roger Hill. Such agreements need to be win-win for both the business and the landlord, he suggests. The post Property leasing: A North Queensland perspective appeared first on Beef… Read more »

Momentum to China building as Phoenix Exports sends Australia’s third beef cattle shipment

Australia’s emerging beef cattle export trade to China has gathered further momentum this week, with WA-based Phoenix Exports yesterday sending its first, and the trade’s third, shipment of cattle from Portland, Victoria. The post Momentum to China building as Phoenix Exports sends Australia’s third beef cattle shipment appeared first on Beef Central. Source: Beef… Read more »

Heritage Seeds extends coverage in pasture and crop seeds sector

Heritage Seeds has strengthened its position as one of the largest seed companies in Australia after acquiring three key Queensland-based seed businesses. The post Heritage Seeds extends coverage in pasture and crop seeds sector appeared first on Grain Central. Source: Grain Central Heritage Seeds extends coverage in pasture and crop seeds sector

AA Co delivers half-year pre-tax earnings of $16.1m

AA Co this morning announced pre-tax earnings for the six months to September 30 of $16.1m, up 16pc versus the same period last year. Difficult trading conditions continue to plague the company’s Livingstone Beef processing plant near Darwin, however. The post AA Co delivers half-year pre-tax earnings of $16.1m appeared first on Beef Central. … Read more »

JBS shrugs off recent troubles with solid third quarter

JBS has shrugged off its recent dramatic public exposure in Brazil surrounding the activities of major shareholders, the Batista family, to post strong third quarter financials for the period ended 30 September. The post JBS shrugs off recent troubles with solid third quarter appeared first on Beef Central. Source: Beef Central JBS shrugs off… Read more »

XE Market Analysis: Asia – Nov 14, 2017

The dollar was pressured again in N.Y. on Tuesday, leaving the DXY at nearly three-week lows of 93.75. EUR-USD led the charge, rallying to 1.1805, a three-week high, while USD-JPY bottomed at 113.32, weighed down by risk-off conditions. USD-CAD printed one-week highs of 1.2773, as WTI crude fell over $1/bbl. Cable meanwhile, recovered from just… Read more »

XE Market Analysis: Euro Rises as Economy Sets for Best Growth in a Decade

OVERVIEW The Pound is under pressure on an inflation undershoot. USD has mixed performance but is generally weaker with a little boost from stronger PPI. The Swedish Krona falls sharply after inflation cools. The Chinese Yuan economic data misses’ expectations, pointing to moderating growth.  Oil prices retreated modestly from last week’s peak but remain firm. … Read more »

Weekly rainfall wrap + 14 day outlook, 15 Nov 2017

Surface troughs produced thunderstorms with moderate falls in parts of the west, north and east of Australia. A persistent easterly onshore flow produced moderate to heavy falls over the north tropical coast of Queensland The post Weekly rainfall wrap + 14 day outlook, 15 Nov 2017 appeared first on Sheep Central. Source: Sheep Central … Read more »

Roma store 14 Nov 2017: Yearling steers to 424c

Buyers were optimistic with the impending general rain predicted. Restockers were offered a mixed yarding and paid well for quality. Feeders were sourcing heavier cattle, as grain prices soar. The post Roma store 14 Nov 2017: Yearling steers to 424c appeared first on Beef Central. Source: Beef Central Roma store 14 Nov 2017: Yearling… Read more »

Banks loosen lending, but firms are diffident about borrowing

The Fed released the Senior Loan Officer Survey last Monday, which is of particular interest because in its nearly 30 year history, it has been a good long leading indicator, and so has been added to my stable of same. Source: XE news feed Banks loosen lending, but firms are diffident about borrowing

Livestock Productivity Partnership to be expanded

A major collaborative research partnership aimed at lifting the productivity of Australia’s livestock industry has been expanded – with the potential for up to $50 million worth of projects over the next five years. The post Livestock Productivity Partnership to be expanded appeared first on Beef Central. Source: Beef Central Livestock Productivity Partnership to… Read more »

NVLX Wodonga 14 Nov 2017: Store market up on rain, trade demand more selective

Store cattle continued to attract premium rates on the back of rain and the prediction of more this week, but bidding for trade cattle became more selective as pressure mounts with increased supplies at southern markets. The post NVLX Wodonga 14 Nov 2017: Store market up on rain, trade demand more selective appeared first on… Read more »

XE Market Analysis: North America – Nov 14, 2017

The euro has rallied by 0.5% versus the dollar and yen, and by over 0.6% versus the pound. Eurozone data releases today that include above-forecast German GDP and a rise, albeit sub-forecast, in the November ZEW survey out of Germany, have helped underpin the shared currency. EUR-USD, which has logged a three-week high at 1.1725,… Read more »

XE Market Analysis: Europe – Nov 14, 2017

The dollar majors have been trading mixed, with EUR-USD opening in the London interbank market on a bid following above-forecast German GDP data, pushing to early-November highs near 1.1690, while USD-JPY has continued to flat-line around 113.60-65 — a directionless pattern that has been concomitant with relative stability in global stock markets. The NZ dollar… Read more »

Weekly kill: Numbers continue to ease, pushing some grids higher

The NLRS restored its eastern states weekly slaughter report this week after a six-week absence, confirming what everybody suspected – that there’s been a substantial decline in rates of kill since rain started in early October. Some QLD grids rose this week as a result of the declines, while offers in southern Australia eased, in… Read more »

Iconic Brownes Dairy sold to Chinese

One of Western Australia’s most recognised household dairy names — the 130-year-old Brownes Dairy — is sold to Chinese firm Shanghai Ground Food Tech. Source: ABC Livestock Iconic Brownes Dairy sold to Chinese

Grainfed cattle numbers drop 6pc in September quarter

Cattle on feed across Australia for the September quarter decreased about 64,000 head or 6pc from the June quarter, according to the results of the latest grainfed beef industry survey. Normal seasonal declines in some states, combined with high grain prices were the mean reasons for the reduction. The post Grainfed cattle numbers drop 6pc… Read more »

SA’s Allan Piggott elected to lead new Sheep Producers Australia Ltd

AUSTRALIA’S sheep sector has a new team of leaders after the election of the inaugural board of Sheep Producers Australia Ltd in Perth this afternoon. The post SA’s Allan Piggott elected to lead new Sheep Producers Australia Ltd appeared first on Sheep Central. Source: Sheep Central SA’s Allan Piggott elected to lead new Sheep… Read more »

XE Market Analysis: Sterling and May Under Pressure

OVERVIEW Political concerns are weighing heavily on the Pound with Brexit risks increasing. US Dollar is quiet so far, sentiment looks slightly soft due to tax reform doubts. IMF says Europe’s growth is “stronger” and warns disruptive Brexit could result in “appreciably” lower growth.  Central bankers gather in Frankfurt to discuss the global economy and… Read more »

Ruralco announces record full year result

Ruralco Holdings has today announced record second half and full year earnings for the 12 months to September 30, 2017, headlined by a 95 percent rise in net profit after tax to $26.2 million. The post Ruralco announces record full year result appeared first on Beef Central. Source: Beef Central Ruralco announces record full… Read more »

XE Market Analysis: Asia – Nov 13, 2017

The dollar started the N.Y. week on a softer footing, though the DXY managed to edge slightly higher through the session. EUR-USD was capped under last week’s 1.1677 top, before turning sideways near 1.1660. USD-JPY managed modest gains as Wall Street erased early losses. USD-CAD firmed over 1.2740 as oil price gains seen recently began… Read more »

On-board live export insights highlighted at LIVEXchange conference

THE unique perspectives of the professionals who work on board livestock export vessels in animal welfare roles will be shared at this week’s LIVEXchange 2017 conference in Perth. The post On-board live export insights highlighted at LIVEXchange conference appeared first on Sheep Central. Source: Sheep Central On-board live export insights highlighted at LIVEXchange conference

Heritage Seeds extends its coverage in pasture and crop seeds sector

HERITAGE Seeds has strengthened its position as one of the largest seed companies in Australia after acquiring three key Queensland-based seed businesses. The post Heritage Seeds extends its coverage in pasture and crop seeds sector appeared first on Sheep Central. Source: Sheep Central Heritage Seeds extends its coverage in pasture and crop seeds sector

Online wool sales increase as auction price benchmark hits record level

ONLINE wool sales strengthened last week as demand increased through the physical auction market. The post Online wool sales increase as auction price benchmark hits record level appeared first on Sheep Central. Source: Sheep Central Online wool sales increase as auction price benchmark hits record level

South Australian barley shipped to Qld feedlot market

A 23,000-tonne cargo of South Australian barley is being discharged into trucks on a Brisbane wharf this week, and trade sources say the grain will be absorbed by feedlots on the Darling Downs and west of the port city. The post South Australian barley shipped to Qld feedlot market appeared first on Beef Central. … Read more »

Wagga sale 13 Nov 2017: Weaner steers 4-5c dearer

In early sales there was a lift in the level of demand for secondary yearlings, inspired by the prediction of more rain mid-week. Northern and southern store orders were plentiful and weaner steers returning to the paddock sold 4-5c dearer. The post Wagga sale 13 Nov 2017: Weaner steers 4-5c dearer appeared first on Beef… Read more »

XE Market Analysis: North America – Nov 13, 2017

The dollar has been mostly firming in early-week trading, the main exception being the case against the yen, which has outperformed amid declines in most global stock markets. The narrow trade-weighted USD index(DXY) was showing a 0.2% gain, as of the late London AM session, at 94.61, earlier logging an intraday high at 94.64, which… Read more »

Weekly kill figures return, after six-week standoff – but for how long?

Full Eastern States weekly slaughter figures have been compiled by the NLRS for the first time in six weeks this afternoon, since a dispute emerged between the nation’s largest processor and MLA in early October over the accuracy of NLRS reporting of kill numbers. But there’s no guarantees yet that the truce will last. The… Read more »

XE Market Analysis: Europe – Nov 13, 2017

The dollar has been mixed in early-week trading so far, losing ground to an outperforming dollar while edging higher versus the euro and some other currencies, the pound in particular, which has come under general pressure amid political uncertainty. Most stock markets, outside China, came under pressure in Asia, following Wall Street’s lead, where investors… Read more »

Feeder cattle pre-vaccination programs gaining momentum

Sharp rises in the value of feeder cattle over the past three years, together with advances making vaccination programs more ‘user friendly’ have seen a rapid expansion in the uptake of pre-vaccination to better protect cattle from Bovine Respiratory Disease. The post Feeder cattle pre-vaccination programs gaining momentum appeared first on Beef Central. Source:… Read more »

Killara sees sharp productivity impact from pre-vaccination

Direct improvement in reduced animal health issues, better weightgain in feeder cattle and reduced use of antibiotics are among the key benefits achieved by Elders Killara feedlot’s adoption this year of an incentive-driven pre-vaccination program to protect against Bovine Respiratory Disease. The post Killara sees sharp productivity impact from pre-vaccination appeared first on Beef Central. … Read more »

WA crop potential continues to rise as harvest cranks up

Winter crop prospects continue to improve in Western Australia as late season grain fill moves the 2017 harvest from ‘ordinary’ to ‘average’ and lifts WA’s production potential to 12.326 million tonnes. The post WA crop potential continues to rise as harvest cranks up appeared first on Grain Central. Source: Grain Central WA crop potential… Read more »

Australian Wool Innovation shareholders in three states claim no voting papers

WOOL growers in three states have claimed they had not received their Australian Wool Innovation election voting papers with only days before the 2017 poll closes. The post Australian Wool Innovation shareholders in three states claim no voting papers appeared first on Sheep Central. Source: Sheep Central Australian Wool Innovation shareholders in three states… Read more »