Month: December 2017

US Bond Market Week in Review: A Look At the Dissenter's Arguments

            At the last Fed meeting, a majority of Federal Reserve governors voted to raise rates.  Citing the combination of a strong labor market and the expectation that inflation would return to 2% in the intermediate future, a majority of the board voted to raise rates an additional .25%.  But… Read more »

International Economic Week in Review: 2017 Ends on a High Note

            This was a good year for the global economy.  The EU, which has suffered from two potential economic crisis in the last seven years, had one year of consistently good economic data.  The UK has yet to experience severe negative post-Brexit developments (although weak construction spending may develop into… Read more »

Weekly Indicators: a powerful end to 2017 edition

November data was sparse in this last week of the year, but included acceleration in rising house prices, a very strong Chicago PMI, including a red hot new orders subindex, and a bifurcation in consumer confidence, with an overall slight decline divided into rising confidence about the present, with a one year low in future… Read more »

XE Market Analysis: Asia – Dec 29, 2017

FX trade was thin and choppy on the last trading day of the year, though the greenback remained in sell-mode into 2018. EUR-USD topped at new three-month highs of 1.2013, up from 1.1983 lows, while USD-JPY traded near 112.50 before pooping to 112.67 highs into the London close. USD-CAD printed fresh two-month lows of 1.2526,… Read more »

2018 Is Looking Like Another Solid Economic Year

          Looking forward to 2018, it appears the U.S. economy will continue on its path of modest to moderate growth.  Two long-leading indicators – corporate profits and the BBB corporate bond yield – are signaling continued growth.  Building permits – which, depending on who you ask, are either a long-leading or… Read more »

XE Market Analysis: North America – Dec 29, 2017

The narrow trade-weighted USD index (DXY) ebbed to a three-month low of 92.42. This is the culmination of a near 1% decline this week, and a 8.5% decline on the year-to-date, with the dollar ranking as the weakness of the main currencies we track. This is despite the Fed having hiked rates three times, and… Read more »

XE Market Analysis: Europe – Dec 29, 2017

The dollar has maintained a soft bias so far on the last day of trading for 2017. EUR-USD remained buoyant after logging a one-month high at 1.1959 yesterday, while USD-JPY eked out a seven-session low of 112.63. The greenback also logged fresh two-month highs versus the Australian, New Zealand and Canadian dollars, and a three-week… Read more »

XE Market Analysis: Asia – Dec 28, 2017

The dollar was broadly weaker in N.Y. trade on Thursday, with year-end flows weighing. This said, trading ranges were narrow, and volumes light. A wider than expected advance goods trade deficit, higher than forecast jobless claims print and a better Chicago PMI outcome had little impact. EUR-USD topped at a one-month high of 1.1959, while… Read more »

Marking my 2017 forecast to market

It’s the end of the year and so in this, my last post of the year (except for Weekly Indicators), let’s take a look back at the forecast for 2017 I made one year ago, and mark it to market. Source: XE news feed Marking my 2017 forecast to market

XE Market Analysis: North America – Dec 28, 2017

The dollar posted fresh lows versus a number of currencies. The outperformers were commodity currencies. EUR-USD clocked a one-month high at 1.1946 before settling around 1.1930. USD-JPY saw a six-session low at 112.66 before recouping toward the 113.00 level. AUD-USD posted a new high for the fifth straight session, logging a two-month peak of 0.7809…. Read more »

XE Market Analysis: Europe – Dec 28, 2017

The dollar has continued on a softening track, concomitantly with the sharp drop in Treasury yields. This drove EUR-USD to a four-week high of 1.1935 and USD-JPY to a six-session low of 112.66. The dollar has also posted two-week lows versus the pound and two-month lows against both the Australian and Canadian dollars. All of… Read more »

Renewed calls for SA stock squad as rural crime rises

A specialised stock squad is needed in South Australia as documents reveal only 14 people have been charged with livestock theft in seven years. Source: ABC Livestock Renewed calls for SA stock squad as rural crime rises

XE Market Analysis: Asia – Dec 27, 2017

FX trade was sleepy in N.Y. on Wednesday, with activity drying up into year-end. The dollar was mixed, losing marginal ground to the euro and pound, while making modest inroads against the yen and CAD. Slow trade can be expected to continue until 2018 kicks off next week.[EUR, USD] Source: XE news feed XE… Read more »

XE Market Analysis: North America – Dec 27, 2017

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1889, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7773, with the Aussie buoyed by a strong rally in copper prices. The softer tone in the dollar has come… Read more »

XE Market Analysis: Europe – Dec 27, 2017

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1884, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7750. This has come despite robust producer sentient data yesterday out of the U.S., along with the expected fiscal stimulus… Read more »

US Economic Week in Review: The Economy Ends the Year on a Strong Note

            The BEA released their last GDP estimate of the US economy earlier this week.  The report showed that the economy is doing very well.  On a Y/Y basis, topline growth was 2.3%, which continues the quarterly increase in this number.             Individual components were also very strong.  Personal consumption expenditures – which comprise 70%… Read more »

The abandoned dogs bringing a Wheatbelt community together

A dog rescue centre in the WA town of Northam is aiming to improve the lives of local students, disabled workers and recovering drug addicts — all while helping the abandoned canines at the same time. Source: ABC Livestock The abandoned dogs bringing a Wheatbelt community together

Great career opportunities on offer on our Jobs Central recruitment page

Thinking about a career move in 2018, or even a relocation to a new site in the kind of job you’re currently doing? There’s a bunch of great new job opportunities currently posted on our Jobs Central recruitment page, as the meat and livestock industry prepares for the year ahead. The post Great career opportunities… Read more »

Weekly Indicators: spreads fall to 10 year low edition

November housing data was all strongly positive, including permits, starts, and new and existing home sales. Partly as a result of that, the Index of Leading Indicators increased. Personal income and spending were up, but at the expense of a decline in the savings rate.  Durable goods rose overall, but core goods fell slightly. Sentiment… Read more »

Victorian police charge teenager after sheep thefts in west

VICTORIAN police have charged a teenager following a series of sheep thefts in the western region of the state. The post Victorian police charge teenager after sheep thefts in west appeared first on Sheep Central. Source: Sheep Central Victorian police charge teenager after sheep thefts in west

XE Market Analysis: North America – Dec 22, 2017

Narrow ranges have prevailed so far today, which will more than likely remain the case with market participants non-committal so close to the holiday period and year-end. USD-JPY has settled around the 113.25-25 mark after yesterday clocking a 10-day high of 110.63. Yen crosses, which have been buoyant this week, with EUR-JPY making a 26-month… Read more »

XE Market Analysis: Europe – Dec 22, 2017

Currencies are likely to remain range bound as market participants will be non-committal into the holiday period. The yen, while steady today, has been finishing the year on a softening tack. ‘Abenomic’ policies remain in full swing, with the cabinet today approving a stimulus budget, and with the BoJ having signalled yesterday that it is… Read more »

WA threatens to pull out of review of chicken welfare standards

Western Australia is angered by suggestions a NSW Government department has been colluding with egg farmers in discussions on new proposed national standards. Source: ABC Livestock WA threatens to pull out of review of chicken welfare standards

JBS launches new Hereford brand under Great Southern stable

JBS Australia will launch a new Hereford breed-specific beef brand in January, under the company’s Great Southern Farm-Assured program. The post JBS launches new Hereford brand under Great Southern stable appeared first on Beef Central. Source: Beef Central JBS launches new Hereford brand under Great Southern stable

Online live streaming, bidding first for Wodonga January weaner sales

The Northern Victoria Livestock Exchange saleyards at Wodonga will for the first time provide an online streaming and bidding service for its feature weaner sales being staged through January. NVLX will host 18,000 of Victoria’s premium weaners for the annual sales, attracting buyers from north to QLD through to SA and Tasmania. The post Online… Read more »

XE Market Analysis: Asia – Dec 21, 2017

The dollar index pulled back from the 93.50 level at the N.Y. open, to a base of 93.26, in relatively light trade. In coming U.S. data weighed on the greenback to an extent, as Q3 GDP was revised slightly lower, and jobless claims rose more than expected. EUR-USD chopped around inside of 1.1850-80, while USD-JPY… Read more »

MLA’s Global Market Forum heading for Beef 2018

MLA’s annual Global Beef Market Forum will align with Beef Australia 2018 in Rockhampton next May, instead of being held as a stand-alone industry event. Beef producers attending Beef 2108 will have an excellent opportunity to hear first-hand about the outlook for Australian red meat in key international markets, including the opportunities and challenges ahead… Read more »

XE Market Analysis: North America – Dec 21, 2017

The dollar majors have posted narrow ranges, though USD-JPY still managed to eke out a nine-day high of 113.63, which caps a third straight day of gains. The BoJ left policy unchanged at its final policy meeting of the year, noting that the economy will continue its “moderate expansion,” but signalling that it was in… Read more »

XE Market Analysis: Europe – Dec 21, 2017

The dollar saw little impact from the tax bill votes, which passed in both the House of Reps and the Senate (which took place just earlier in the case of the latter, in the early hours of Wednesday on Capitol Hill). The House will re-vote later today due to procedural irregularities in the vote yesterday,… Read more »

AA Co’s ‘grand brand plan’ adopts new approach to beef marketing

For AA Co, 2017 has delivered a major branded beef program re-direction that is both adventurous and original in its concept, and bold in its execution. The world’s biggest beef producer is now 14 months into its beef brand re-launch, which will ultimately consolidate a much larger suite of 17 brands covering grassfed, grainfed and… Read more »

Year in review – Grain stories that led the news in 2017

It was always going to be a tough ask for 2017 to match the extraordinary cropping year of 2016 when Australia produced a record winter crop of 59.1 million tonnes (Mt). From a brutal summer that knocked the stuffing out of crops to a ‘mixed bag’ winter cropping season across Australia, and from research breakthroughs… Read more »

Merry Christmas from the Grain Central team

The Grain Central team will be taking a short break from publishing our free daily news emails over the Christmas/New Year period. We wish all of our valued readers and advertisers a happy and restful festive season and a prosperous New Year, and we look forward to providing the industry with daily news updates in… Read more »

Seasonal climate outlook Jan-Mar 2018

The January to March rainfall outlook issued by the Bureau of Meteorology this morning shows parts of eastern and western Australia are likely to have a wetter than average three months. The post Seasonal climate outlook Jan-Mar 2018 appeared first on Sheep Central. Source: Sheep Central Seasonal climate outlook Jan-Mar 2018

Largest number of Top End buffalo exports in 27 years

Top End buffalo exports hit the largest yearly volume in at least 27 years, as high Australian beef prices put pressure on South-East Asian cattle importers. Source: ABC Beef Cattle Largest number of Top End buffalo exports in 27 years

XE Market Analysis: Asia – Dec 20, 2017

The dollar index fell to 12-session lows of 93.17 during the N.Y. session on Tuesday, before recovering marginally over 93.25 into the close. The greenback got little juice from the U.S. House passage of the tax reform bill, barely reacting to the news. EUR-USD topped at three-week highs of 1.1902, while USD-JPY remained relatively supported,… Read more »

Beef Central’s December 2017 beef news quiz

Test your knowledge of Australian beef industry news with Beef Central’s monthly quiz. The post Beef Central’s December 2017 beef news quiz appeared first on Beef Central. Source: Beef Central Beef Central’s December 2017 beef news quiz

Here’s cheers to SA’s Limestone Coast farmers

Barley from South Australia’s Limestone Coast is now sent around Australia and the globe for beer production via Naracoorte’s new silo storage facility at TE Storage and Logistics. The post Here’s cheers to SA’s Limestone Coast farmers appeared first on Grain Central. Source: Grain Central Here’s cheers to SA’s Limestone Coast farmers

The housing slowdown of 2017 is over; quantifying the demographic tailwind

As I noted last weekend, as is so often the case housing is frequently the decisive element among the long leading indicators, and particularly so when moneys supply and bond yields are giving us such conflicting signals. Source: XE news feed The housing slowdown of 2017 is over; quantifying the demographic tailwind

XE Market Analysis: North America – Dec 20, 2017

The dollar traded mixed, seeing little impact from the tax bill’s passage in the U.S. Senate in the early hours of the day. The House will re-vote later today due to procedural irregularities in the vote yesterday, and is expected to pass. The dollar posted gains versus the yen, which has generally underperformed, while showing… Read more »

5 Key Charts For the US Economy in 2018

            The US economy is currently doing very well.  As I recently noted, all the coincidental indicators show an expanding economy.  The leading indicators show more moderate growth and none of the long-leading indicators show any signs of weakness.  But will this trend continue?  No one knows for sure.  However,… Read more »

AA Co appoints banker as new CEO to replace Jason Strong

The Australian Agricultural Co board has ended its five month executive search by today appointing Hugh Killen as its Managing Director and Chief Executive Officer, to take effect from February 1. The post AA Co appoints banker as new CEO to replace Jason Strong appeared first on Beef Central. Source: Beef Central AA Co… Read more »

XE Market Analysis: Europe – Dec 20, 2017

The dollar saw little impact from the tax bill votes, which passed in both the House of Reps and the Senate (which took place just earlier in the case of the latter, in the early hours of Wednesday on Capitol Hill). The House will re-vote later today due to procedural irregularities in the vote yesterday,… Read more »

Beef’s cost of production falls in 2017, however profit does too

Results of Resource Consulting Services annual profit benchmarking of northern Australian beef industry businesses in 2017 shows that while, cost of production is down on last year, so is profit. While focused on data from the northern beef industry, RCS says the pattern is reflected across the entire country. The post Beef’s cost of production… Read more »

AACo appoints new CEO to replace Jason Strong

The Australian Agricultural Company (AACo) board has ended its five month executive search for a new Managing Director CEO by today appointing Hugh Killen as its Managing Director and Chief Executive Officer, to take effect from February 1, 2018. The post AACo appoints new CEO to replace Jason Strong appeared first on Beef Central. … Read more »

AWI calls for new and innovative research proposals

Australian Wool Innovation Limited (AWI) has announced its annual Call for Proposals for on-farm and off-farm research and development (R&D) projects. The post AWI calls for new and innovative research proposals appeared first on Sheep Central. Source: Sheep Central AWI calls for new and innovative research proposals

Sunrice records $24.1 million half-year net profit

SunRice’s half-year consolidated revenue for the group has come in at $544.9 million, a 4.1 per cent decrease compared to the previous corresponding period ending 31 October 2016 (HY17). Net Profit After Tax (NPAT) was $24.1 million, a 15.9pc increase compared to HY17. The post Sunrice records $24.1 million half-year net profit appeared first on… Read more »

From paddock to Christmas lunch

With consumers demanding more transparency from producers, the story behind the food on the Christmas lunch table is becoming more important. Source: ABC Livestock From paddock to Christmas lunch

Sheep Central news briefs 20 Dec 2017

MLA lamb ad one of 2017’s ‘most complained about’; New leadership for SA Sheep Advisory Group; Livestock Genetics Forum in Brisbane in Feb; Keep current lamb definition: NSW Farmers; Training scholarships for 13 young Vic farmers; WA Dept awards first sheep industry research scholarship The post Sheep Central news briefs 20 Dec 2017 appeared first… Read more »

Two shearing records to be attempted in January

The first modern-era women’s ewe shearing record bid and an attempt on a record set by New Zealand champion Rowland Smith in England in July have been confirmed for early next month. The post Two shearing records to be attempted in January appeared first on Sheep Central. Source: Sheep Central Two shearing records to… Read more »

XE Market Analysis: Asia – Dec 19, 2017

The dollar was relatively steady through the morning session, though ahead of the U.S. House vote on the tax reform bill, USD sellers stepped in, taking major dollar pairing to near session lows. EUR-USD rallied from early lows of 1.1805 to print 1.1848 highs, while USD-JPY traded under 113.00 after topping at 113.07. USD-CAD was… Read more »

Weekly rainfall wrap + 14 day outlook, 20 Dec 2017

Persistent thunderstorms produced moderate to locally heavy falls for the Kimberley in Western Australia and the northwest Top End in the Northern Territory. A cold front and associated low produced light to moderate falls in the southwest Western Australia. The post Weekly rainfall wrap + 14 day outlook, 20 Dec 2017 appeared first on Beef… Read more »

NVLX Wodonga 19 Dec 2017: Prices lose traction

In the smaller yarding of just over 500, rates generally fell for yearling and heavy cattle 4-11c/kg as processor prepare for abattoir closures. The post NVLX Wodonga 19 Dec 2017: Prices lose traction appeared first on Beef Central. Source: Beef Central NVLX Wodonga 19 Dec 2017: Prices lose traction

XE Market Analysis: North America – Dec 19, 2017

The dollar has traded on a softer tack into the U.S. tax bill votes, although most pairings remained within their respective ranges that were posted yesterday. AUD-USD was an exception, lifting to a two-session peak of 0.7684. EUR-USD lifted back above 1.1800, though the market has lacked the muster for a challenge on yesterday’s high… Read more »

Breeding and genetics forum set for Brisbane

Technology, data, adoption and linking genetics to the prediction of consumer outcomes will be the focus of the Livestock Breeding and Genetics Forum to be held in Brisbane in February. The post Breeding and genetics forum set for Brisbane appeared first on Beef Central. Source: Beef Central Breeding and genetics forum set for Brisbane

XE Market Analysis: Europe – Dec 19, 2017

Narrow ranges have been prevailing, and more of the same looks likely, though there could be some chop around data releases and news developments, with moves prone to be exaggerated by thin market conditions. All the dollar pairings we track are showing less than a 0.2% range so far today. USD-JPY’s range has been centring… Read more »

Weekly kill: 2018 shapes as another year of tight supply, heavy export competition

Continued tight slaughter cattle supply and vigorous export competition from other global producers like the US and Brazil are some of the challenges facing processors in 2018. The post Weekly kill: 2018 shapes as another year of tight supply, heavy export competition appeared first on Beef Central. Source: Beef Central Weekly kill: 2018 shapes… Read more »

David Littleproud named Australia’s new federal agriculture minister

Former agribusiness banker David Littleproud has been granted a surprise elevation to the Federal Agriculture ministry in a cabinet reshuffle announced by Prime Minister Malcolm Turnbull this afternoon. The post David Littleproud named Australia’s new federal agriculture minister appeared first on Grain Central. Source: Grain Central David Littleproud named Australia’s new federal agriculture minister

Upgraded Cunningar site boosts GrainCorp efficiency into Port Kembla

GrainCorp today unveiled an extensive upgrade to its site at Cunningar, its closest receival point to NSW’s Port Kembla, which will now be able to load a 44-wagon train 80 per cent faster than previously. The post Upgraded Cunningar site boosts GrainCorp efficiency into Port Kembla appeared first on Grain Central. Source: Grain Central … Read more »

Enhancing private sector investment in R,D&E

If Australian agriculture is to remain competitive, partnerships between private- and public-sector agricultural research, development and extension (R,D&E) investors must be fostered, according to new research from the Australian Farm Institute. The post Enhancing private sector investment in R,D&E appeared first on Grain Central. Source: Grain Central Enhancing private sector investment in R,D&E

Aus, US vie for top share of Korean beef market

Respective free trade agreements held by Australia and the United States with South Korea have helped both nations to grow their beef exports to the country, although the US has rapidly closed the volume gap in the past year. The post Aus, US vie for top share of Korean beef market appeared first on Beef… Read more »

XE Market Analysis: Asia – Dec 18, 2017

Holiday season trade was in effect in N.Y. on Monday, leaving major dollar pairings fairly choppy and without a real sense of direction. EUR-USD rallied to 1.1834 highs before falling back under 1.1790, as USD-JPY idled between 112.56 and 112.32. USD-CAD eased to test 1.2850, before recovering some, as WTI crude headed back under $57.00…. Read more »

Robbie Katter calls for boost to Karumba Port

Queensland’s Katter Australia Party leader Robbie Katter met with stakeholders from across the Karumba region this week to discuss the future of the area’s live export port. The post Robbie Katter calls for boost to Karumba Port appeared first on Beef Central. Source: Beef Central Robbie Katter calls for boost to Karumba Port

Wagga sale 18 Dec 2017: Competition eases with Xmas break

Numbers more than halved at Wagga for the last market prior to the Christmas holiday break. The looming abattoir closures and very few processors operating caused a significant price correction across trade and export categories. The post Wagga sale 18 Dec 2017: Competition eases with Xmas break appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: North America – Dec 18, 2017

The dollar has traded mixed in markedly thinned-out conditions as Christmas and year-end holidays loom. EUR-USD rebounded to a high at 1.1798 so far, up on the early Asia-Pacific session low at 1.1738, and reversing about three quarters of the losses the pair saw on Friday (which had been a continued reaction to the ECB’s… Read more »

XE Market Analysis: Europe – Dec 18, 2017

The dollar has traded mixed in mostly narrow ranges so far to day, with liquidity much reduced this week as holidays loom and participants wind down ahead of the new year. USD-JPY saw some chop, dipping to a 112.44 low in early dealings before recouping to a peak of 112.83. A risk-on theme in Asia,… Read more »

Biodiesel made from Australian canola a lower greenhouse gas emitter than diesel

Australia secures access to a billion-dollar market as the CSIRO proves Australian canola biodiesel produced in Europe generates less than 50 per cent of the greenhouse gas emissions of fossil fuel. Source: ABC Grain Biodiesel made from Australian canola a lower greenhouse gas emitter than diesel

Outrage as WA Govt flags closure of Schools of the Air

Funding cuts announced by the West Australian Labor Government which will force the closure of the State’s Schools of the Air plus other regional educational programs have triggered a furious reaction from rural groups. The post Outrage as WA Govt flags closure of Schools of the Air appeared first on Beef Central. Source: Beef… Read more »

Stellar wool market sparks renewed optimism in Qld

There’s a groundswell of optimism and increased confidence in Queensland’s wool industry, according to Toowoomba based Elders Sheep & Wool Specialist Peter Sealy, and strong wool prices appear likely to remain, at least in the short term. The post Stellar wool market sparks renewed optimism in Qld appeared first on Sheep Central. Source: Sheep… Read more »

Uni survey seeks help in understanding the value of red meat quality information

Red meat industry supply chain stakeholders, from producers to exporters, are being asked to contribute to a university survey designed to better understand the value of quality information throughout the Australian Red Meat supply chain. The post Uni survey seeks help in understanding the value of red meat quality information appeared first on Sheep Central. … Read more »

New assessment tools help judge, as she hits the Beef 2018 carcase judging trail

Forecast hot summer and autumn conditions won’t bother leading MSA grader Janine Lau this year, as she spends time in processing plant chillers around Australia in coming months assessing entries for the Beef Australia 2018 carcase competition. The post New assessment tools help judge, as she hits the Beef 2018 carcase judging trail appeared first… Read more »

Private sector investment, better data key to enhancing ag R&D

If Australian agriculture is to remain competitive, partnerships between private- and public-sector agricultural research, development and extension (R,D&E) investors must be fostered, according to new research from the Australian Farm Institute. The post Private sector investment, better data key to enhancing ag R&D appeared first on Beef Central. Source: Beef Central Private sector investment,… Read more »

Grain Central’s December 2017 grain news quiz

Keep up to date with Australian cropping industry developments with Grain Central’s monthly quiz. The post Grain Central’s December 2017 grain news quiz appeared first on Grain Central. Source: Grain Central Grain Central’s December 2017 grain news quiz

International Economic Week in Review: England May Have an Inflation Problem

            In general, the good news continues.  The EU economy has now been reporting positive news for over a year.  Japanese and Australian indicators also paint a positive picture.  The UK, however, may have problem.  CPI was 3.1%, which the BOE attributed to a weak sterling.  However, granular CPI data… Read more »

US Economic Week in Review:The Coincident Indicators Point Towards Continued Modest Expansion

        This week, two coincident indicators were released: industrial production was up .2% M/M while retail sales expanded a surprisingly strong .8% M/M.  When these readings are combined with the other major coincident indicators (establishment job growth and real income less transfer payments) a positive picture of the US economy is revealed…. Read more »

Heifer markets ease in final AuctionsPlus sales for the year

Cattle listed online for the final AuctionsPlus Eastern States weekly sales for the year yesterday eased to 9212 head. While most steer categories rose in value, heifers tended to move in the opposite direction, with the exception of lighter descriptions. The post Heifer markets ease in final AuctionsPlus sales for the year appeared first on… Read more »

XE Market Analysis: Asia – Dec 15, 2017

The dollar headed broadly higher in N.Y. trade on Friday, largely buoyed by improved hopes that the U.S. congress would agree on a tax reform bill. Incoming data had little impact, as the Empire State index missed the mark a bit, while industrial production was as-expected. EUR-USD started at 1.1809 highs, later falling back to… Read more »

XE Market Analysis: North America – Dec 15, 2017

The dollar has been trading mostly softer amid uncertainties about the tax reform bills prospects after Republican Senator Marco Rubio threated to vote against the bill, joining his GOP colleague, Mike Lee, in demanding that a child tax credit for working families is expanded. The USD index (DXY) ebbed during London AM dealings back to… Read more »

XE Market Analysis: Europe – Dec 15, 2017

The dollar has been traded mixed, posting fresh losses versus the yen and the Australian, New Zealand and Canadian dollar, consolidating gains it saw yesterday versus the euro, in the wake of the ECB’s announcement and guidance, and holding steady-to-firmer against a raft of emerging-world currencies. The pound, meanwhile, is trading versus the dollar near… Read more »

Australian wool prices break through 1700 cent benchmark indicator barrier

URGENT pre-Christmas buying pushed Australian wool prices to an all-time peak this week, led by some fine wool prices posting gains of 100c/kg clean. The post Australian wool prices break through 1700 cent benchmark indicator barrier appeared first on Sheep Central. Source: Sheep Central Australian wool prices break through 1700 cent benchmark indicator barrier

Ridley’s proposed Bendigo feedmill signals Victorian growth

Stockfeed manufacturer, Ridley Corporation, plans to build a new feedmill in Bendigo which, with an annual capacity of more than 350,000 tonnes, will be the biggest mill in the company’s portfolio. The post Ridley’s proposed Bendigo feedmill signals Victorian growth appeared first on Grain Central. Source: Grain Central Ridley’s proposed Bendigo feedmill signals Victorian… Read more »

PETA releases alleged sheep cruelty footage to NSW and VIC authorities

ANIMAL rights group PETA has released new footage of alleged sheep cruelty incidents in wool sheds to initiate investigations by authorities in New South Wales and Victoria. The post PETA releases alleged sheep cruelty footage to NSW and VIC authorities appeared first on Sheep Central. Source: Sheep Central PETA releases alleged sheep cruelty footage… Read more »

Lamb prices hit record $245 at Hamilton as supplies tighten

LAMB prices hit record levels at Hamilton in Victoria this week as the competition for quality domestic and export weight lambs intensified. The post Lamb prices hit record $245 at Hamilton as supplies tighten appeared first on Sheep Central. Source: Sheep Central Lamb prices hit record 5 at Hamilton as supplies tighten

Australian 2017-18 wool production forecast lifted to 345 million kilograms

AUSTRALIA’S shorn wool production is expected to rise to 345 million kilograms in 2017-18, boosted by an increase in the number of sheep expected to be shorn nationally. The post Australian 2017-18 wool production forecast lifted to 345 million kilograms appeared first on Sheep Central. Source: Sheep Central Australian 2017-18 wool production forecast lifted… Read more »

Gina’s meteoric rise through the world’s Wagyu ranks

A major western QLD property and cattle deal which settled yesterday has projected Gina Rinehart’s Hancock Prospecting further up the ranks in terms of Australia’s, and the world’s largest Wagyu cattle producers. But just how far? The post Gina’s meteoric rise through the world’s Wagyu ranks appeared first on Beef Central. Source: Beef Central … Read more »

Sensor technology for sheep productivity is WA scholarship winner’s focus

HAND-HELD optical sensors and sensor-equipped drones able to measure crop health and biomass will be studied by Western Australia Sheep Industry Scholarship winner Ren Bootha. The post Sensor technology for sheep productivity is WA scholarship winner’s focus appeared first on Sheep Central. Source: Sheep Central Sensor technology for sheep productivity is WA scholarship winner’s… Read more »

CPC boosts genetics capacity with strategic Biloela property purchase

THE need to expand elite bull breeding capacity was the motivation behind a strategic $8.325m cattle property purchase by Consolidated Pastoral Co yesterday. The post CPC boosts genetics capacity with strategic Biloela property purchase appeared first on Beef Central. Source: Beef Central CPC boosts genetics capacity with strategic Biloela property purchase

Future of Indian Buffalo meat imports clouds Indo cattle trade

Mixed messages continue to emerge from Indonesia over its plans for Indian buffalo meat imports, adding to confusion for an import cattle supply chain which relies on annual breeding cycles and long-lead times to make decisions about future production levels. The post Future of Indian Buffalo meat imports clouds Indo cattle trade appeared first on… Read more »

Recruitment & HR: Diversity in decision-makers benefits rural businesses

The image of a ‘white, older male’ as being typical of a farmer and rural decision-maker is rooted in data, with the 2011 ABS Census showing that 72pc of Australian farmers were older males. But new research has shown there are a variety of business benefits linked to diversity in senior leadership across rural industries,… Read more »

XE Market Analysis: Asia – Dec 14, 2017

The dollar was mixed in N.Y. trade on Thursday, buoyed early by solid U.S. retail sales figures, and a dovish ECB presser. EUR-USD topped at 1.1862 early, before fading to 1.1772 lows. USD-JPY held over 112.50 until Wall Street faltered, then dipped to 112.09 lows. USD-CAD remained firm until BoC chief Poloz talked upbeat about… Read more »

Dubbo sale 14 Dec 2017: Solid support for feeders in final sale of year

The last prime cattle sale for the year for Dubbo produced a much smaller yarding with numbers dropping by 1600 for a total of 2560 cattle. The post Dubbo sale 14 Dec 2017: Solid support for feeders in final sale of year appeared first on Beef Central. Source: Beef Central Dubbo sale 14 Dec 2017: Solid… Read more »

81 heifers stolen from SA property

Police in South Australia have reported the arrest of a man after 81 cattle were allegedly stolen from a property near Tungkillo, 60km east of Adelaide. The post 81 heifers stolen from SA property appeared first on Beef Central. Source: Beef Central 81 heifers stolen from SA property

XE Market Analysis: North America – Dec 14, 2017

The dollar recovered some of the ground it lost following the U.S. CPI miss and in the wake of the Fed’s post-policy meeting statement yesterday. EUR-USD has ebbed into the lower 1.18s. USD-JPY clocked a rebound high of 1.1288 after logging a logging a five-session low of 1.1246 in Tokyo trade. The high is still… Read more »

XE Market Analysis: Europe – Dec 14, 2017

The USD index (DXY) fell 0.8% over the last day in logging a eight-day low of 93.34 during Asian trading today. The index has since settled around 92.45. The losses follow yesterday’s cooler than expected CPI data out of the U.S. ,which was followed by an as-expected 25 bp rate hike from the Fed, while… Read more »

Chinese take bigger stakes in Australian livex companies in 2017

A wave of direct investment by Chinese and other Asian companies into Australian livestock exporting businesses has been a prominent trend in the livestock export sector this year. The post Chinese take bigger stakes in Australian livex companies in 2017 appeared first on Beef Central. Source: Beef Central Chinese take bigger stakes in Australian… Read more »