Month: January 2018

Weekly Indicators: jump in interest rates overshadows new low in jobless claims edition

December data included housing permits, which rose slightly, and the more volatile starts, which declined sharply. Industrial production and capacity utilization both rose. Consumer sentiment about the present as measured by the University of Michigan declined, while sentiment about the future rose.    Source: XE news feed Weekly Indicators: jump in interest rates overshadows… Read more »

XE Market Analysis: Asia – Jan 19, 2018

The DXY managed modest gains in N.Y. on Friday, moving to 90.63 highs from 90.39 lows early in the session. The Softer Michigan sentiment report had little impact, nor sis prospects for about a 50-50 change of a U.S. government shut down (as of the time of this writing). EUR-USD eased from 1.2275 highs to… Read more »

XE Market Analysis: Dollar Recovers Slightly as Government Shutdown Looms

OVERVIEW UK retail sales disappoint. US consumer confidence weakens for a 3rd straight month. Canadian manufacturing sales post the biggest increase in 2.5 years. Fears over US government shutdown drive risk aversion. HIGHLIGHT Source: XE news feed XE Market Analysis: Dollar Recovers Slightly as Government Shutdown Looms

XE Market Analysis: North America – Jan 19, 2018

The USD index (DXY) has tracked lower despite new U.S. yield lows, with the narrow trade-weighted index down 0.3% at 90.20, bringing Wednesday’s 37-month low to within 6 ticks. Yield gains across the globe, coupled with a burgeoning global risk-on sentiment and an associated investor hunt for higher-beta assets, along with concerns that the stopgap… Read more »

XE Market Analysis: Europe – Jan 19, 2018

The dollar has traded softer on U.S. political concerns, though has remained above recent trend lows versus the yen, euro and most other currencies. The narrow trade-weighted USD index (DXY) is down 0.2%, making a low at 90.33 and swinging the 37-month low of Wednesday at 90.14 back into scope. The House of Reps passed… Read more »

Steer, heifer prices push lower on AuctionsPlus, as dry conditions prevail

Hot, dry conditions across large parts of eastern Australia pushed catalogue listings higher, but prices and clearance rates lower on AuctionsPlus this week. The post Steer, heifer prices push lower on AuctionsPlus, as dry conditions prevail appeared first on Beef Central. Source: Beef Central Steer, heifer prices push lower on AuctionsPlus, as dry conditions… Read more »

Australia’s first multi-vendor unmulesed Merino ewe sale goes online next month

AUSTRALIA’S first multi-vendor non-mulesed Merino ewe sale will be held by AuctionsPlus next month. The post Australia’s first multi-vendor unmulesed Merino ewe sale goes online next month appeared first on Sheep Central. Source: Sheep Central Australia’s first multi-vendor unmulesed Merino ewe sale goes online next month

2018 year of reckoning for Indo breeder policy + largest livex markets for 2017

Australian cattle exports totaled 854,686 in 2017, the lowest volume exported for five years. The post 2018 year of reckoning for Indo breeder policy + largest livex markets for 2017 appeared first on Beef Central. Source: Beef Central 2018 year of reckoning for Indo breeder policy + largest livex markets for 2017

Aussie dollar cracks US80c, creates beef export headwinds

The Australian dollar broke through the US80c barrier today for the first time since early September, adding headwinds for Australian beef exporters in what is shaping up to be a highly competitive international beef market in 2018. The post Aussie dollar cracks US80c, creates beef export headwinds appeared first on Beef Central. Source: Beef… Read more »

Growing technology emphasis in Beef 2018’s record trade display

An emphasis on technologies designed to deliver efficiency and greater productivity for the beef industry is in clear evidence among exhibitors lining-up to mount displays at Beef Australia 2018 in May. The post Growing technology emphasis in Beef 2018’s record trade display appeared first on Beef Central. Source: Beef Central Growing technology emphasis in… Read more »

New lamb storage research offers tips for tasty tender chops

LAMB barbecue fans take note — new research has found that chilling fresh chops for two weeks is the best ageing option before freezing. The post New lamb storage research offers tips for tasty tender chops appeared first on Sheep Central. Source: Sheep Central New lamb storage research offers tips for tasty tender chops

Incitec invests in new fertiliser facilities at Port Adelaide

Fertiliser supplier, Incitec Pivot Fertilisers (IPF), is investing in new distribution facilities at Port Adelaide in South Australia in an ambitious program to improve its service to rural customers this season.  The post Incitec invests in new fertiliser facilities at Port Adelaide appeared first on Grain Central. Source: Grain Central Incitec invests in new… Read more »

Modiano bids up in $13,160 Elders Gippsland wool fund raiser

WOOL buyers paid double commercial value to help raise more than $13,000 for Air Ambulance equipment in an Elders charity auction in Melbourne yesterday. The post Modiano bids up in $13,160 Elders Gippsland wool fund raiser appeared first on Sheep Central. Source: Sheep Central Modiano bids up in ,160 Elders Gippsland wool fund raiser

Wool prices slip but AWEX benchmark indicator holds above 1800 cents

BUYING was more subdued in Australian wool auction rooms this week as the rising Australian dollar made purchases dearer for overseas buyers. The post Wool prices slip but AWEX benchmark indicator holds above 1800 cents appeared first on Sheep Central. Source: Sheep Central Wool prices slip but AWEX benchmark indicator holds above 1800 cents

Recruitment: Where are our ag graduates ending up?

A recent agricultural graduate study has found that while there may be a relative abundance of opportunities for graduates, the linkage between potential employer and potential employee is often not readily made. The post Recruitment: Where are our ag graduates ending up? appeared first on Beef Central. Source: Beef Central Recruitment: Where are our… Read more »

Survey launched to investigate OJD sheep vaccine effectiveness

SHEEP producers are being encouraged to participate in a new survey to help researchers investigating why the effectiveness of the Gudair vaccine for Ovine Johne’s Disease appears to vary on different properties. The post Survey launched to investigate OJD sheep vaccine effectiveness appeared first on Sheep Central. Source: Sheep Central Survey launched to investigate… Read more »

Genetic modification laws set for shake-up in Australia

Australia is set to reform how it regulates genetically modified research, with health and agriculture scientists set to benefit. Source: ABC Grain Genetic modification laws set for shake-up in Australia

Recruitment: Where are our ag graduates ending up?

A recent agricultural graduate study has found that while there may be a relative abundance of opportunities for graduates, the linkage between potential employer and potential employee is often not readily made. The post Recruitment: Where are our ag graduates ending up? appeared first on Sheep Central. Source: Sheep Central Recruitment: Where are our… Read more »

Dubbo 18 Jan 2018: Feeder steers to 316c/kg

The bulk of the yarding at Dubbo yesterday were sourced from local districts with very few far western cattle throughout the yarding which is probably due to the very hot conditions which would make it almost impossible to muster. Most of the regular buyers were operating with the exception of some feeder orders and one… Read more »

XE Market Analysis: Europe – Jan 18, 2018

The dollar edged out fresh recovery highs versus the euro and other currencies. EUR-USD logged a four-session low of 1.2165 before recouping to around 1.2200. The move reflected a dollar dynamic, with EUR-JPY and other euro crosses having held relatively steady today, even though the airing of concerns about the common currency’s ascent by some… Read more »

Grassfed restructure stakeholder reaction

Media statements issued on Wednesday, January 17 and Thursday, January 18 on the grassfed cattle industry restructure. The post Grassfed restructure stakeholder reaction appeared first on Beef Central. Source: Beef Central Grassfed restructure stakeholder reaction

Higher wool prices more than triple returns for Victorian study farmers

WOOL price increases have improved the competitiveness of Victorian wool-based enterprises in comparison to prime lamb operations in 2016-17. The post Higher wool prices more than triple returns for Victorian study farmers appeared first on Sheep Central. Source: Sheep Central Higher wool prices more than triple returns for Victorian study farmers

Where are our agricultural graduates ending up?

The dearth of skilled agricultural graduates could pose a serious threat to Australia’s agricultural economy, according to an occasional paper published by the Australian Farm Institute. The post Where are our agricultural graduates ending up? appeared first on Grain Central. Source: Grain Central Where are our agricultural graduates ending up?

Brumbies feel the heat as drought worsens

A lack of rain takes its toll on a Hunter Valley brumby sanctuary, with wild horses from the Snowy Mountains struggling to acclimatise in parched conditions. Source: ABC Livestock Brumbies feel the heat as drought worsens

XE Market Analysis: Loonie Volatile as Bank of Canada Announces Rate Hike

OVERVIEW EUR weaker after ECB policymaker’s comments and inflation. GBP hit a fresh high overnight. USD soft despite strong industrial production and housing data. Bitcoin slump continues, and its value is now half of its peak last month. HIGHLIGHT The Canadian Dollar saw some wild swings as the Bank of Canada announced it was raising… Read more »

Industrial production, retail sales complete strong quarter

By now I’m sure you’ve read elsewhere that industrial production rose strongly in December.  That’s certainly true, and to put it in perspective, here is the overall number (red) together with manufacturing (blue) and mining (including oil and gas) ( green):  Source: XE news feed Industrial production, retail sales complete strong quarter

Researchers warn of deadly parvovirus strain spreading in Australian dogs

Vets and dog owners are being warned that canine parvovirus – a contagious and often fatal disease – is spreading rapidly among Australian dogs. The post Researchers warn of deadly parvovirus strain spreading in Australian dogs appeared first on Beef Central. Source: Beef Central Researchers warn of deadly parvovirus strain spreading in Australian dogs

Dalby sale 17 Jan 2018: Prices ease in bigger yarding

Market trends varied with the light weight weaners returning to the paddock remaining firm. Light and medium weight yearling steers to restock and feed sold to a cheaper trend with an odd sale firm. The post Dalby sale 17 Jan 2018: Prices ease in bigger yarding appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: North America – Jan 17, 2018

The USD index (DXY) has lifted out a of a fresh low that was seen early in the Asia-Pacific session at 90.14. That is the lowest level seen since December 2014, and was the culmination of a 13.2 decline from the high seen in January 2017. The low also marks about a 55% retracement of… Read more »

Grassfed restructure media statements

Media statements issued on Wednesday, January 17, on the grassfed cattle industry restructure The post Grassfed restructure media statements appeared first on Beef Central. Source: Beef Central Grassfed restructure media statements

Cattle Council walks away from grassfed industry restructure process

The Cattle Council of Australia has today walked away from the long-running process to create a fully directly elected national grassfed cattle producer representative organisation. The post Cattle Council walks away from grassfed industry restructure process appeared first on Beef Central. Source: Beef Central Cattle Council walks away from grassfed industry restructure process

XE Market Analysis: Europe – Jan 17, 2018

The dollar staged a bounce after posting fresh lows versus the yen, euro, and a number of other currencies during the early part of the Tokyo session. USD-JPY posted a new four-month low at 110.19, completing a run of seven consecutive down sessions, before recouping to the upper 110.0s. The price action was similar to… Read more »

Liquidator estimates Blue Ribbon creditors owed $11.6m

Two companies owned by pulse processor and marketer Blue Ribbon Group (BRG) have gone into liquidation owing an estimated $11.6 million, including $3.9m to major secured creditor, the Commonwealth Bank of Australia. The post Liquidator estimates Blue Ribbon creditors owed $11.6m appeared first on Grain Central. Source: Grain Central Liquidator estimates Blue Ribbon creditors… Read more »

NZ shearer establishes new nine-hour strong wool ewe record for women

WORLD record-breaking New Zealand shearer Kerri-Jo Te Huia has set the standard for other top female shearers in establishing a woman’s nine-hour strong wool ewes record of 452 this week. The post NZ shearer establishes new nine-hour strong wool ewe record for women appeared first on Sheep Central. Source: Sheep Central NZ shearer establishes… Read more »

First cattle shipment from Northern Australia heads for China

Australia’s growing cattle export trade to China has marked another milestone, with the first shipment of slaughter cattle to be sourced and shipped from northern Australia set to leave Townsville for China this evening. The post First cattle shipment from Northern Australia heads for China appeared first on Beef Central. Source: Beef Central First… Read more »

Sheep Producers Australia appoints two independent directors

SHEEP Producers Australia has appointed two independent directors to its skills-based board for three-year terms. The post Sheep Producers Australia appoints two independent directors appeared first on Sheep Central. Source: Sheep Central Sheep Producers Australia appoints two independent directors

Live export supporter Back to chair industry standards review committee

AUSTRALIAN livestock exporters have welcomed former senator Dr Chris Back’s appointment to lead a review of Australia’s live export standards. The post Live export supporter Back to chair industry standards review committee appeared first on Sheep Central. Source: Sheep Central Live export supporter Back to chair industry standards review committee

Livex prices ease as supply outlook hinges on summer rain

The amount of life left in a near two-year run of live export steer prices over 300c per kilogram liveweight (ex Darwin) could hinge on what rain falls in Queensland in the next month or so. The post Livex prices ease as supply outlook hinges on summer rain appeared first on Beef Central. Source:… Read more »

2018 tariff adjustments deliver export impetus for Australia

While Australian beef continues to struggle for competitiveness in international markets due to shortage of slaughter stock, high cattle prices relative to other international suppliers, and cost-to-operate in the processing sector, some further relief is being experienced in the latest round of tariff adjustments in key export customer countries. The post 2018 tariff adjustments deliver… Read more »

XE Market Analysis: Asia – Jan 16, 2018

The dollar was relatively steady in N.Y. trade on Tuesday, seeing the DXY crawl up to 90.82 highs, before pulling back to 90.57 lows. A softer headline Empire State index outcome had little impact. EUR-USD bottomed at 1.2196 early in the session, before topping at 1.2248. USD-JPY meanwhile, held above 110.60, peaking at 110.88 early… Read more »

XE Market Analysis: A Very Mixed Day Today for Currencies

OVERVIEW Euro drops as ECB looks set to stick to its pledge on the QE program. Sterling dips as UK inflation dropped to 3%.  Bitcoin slumps up to 18% on regulatory crackdown rumors.  HIGHLIGHT There is nothing to highlight for today’s Currency Market Analysis! US DOLLAR The US Dollar has clawed back some of the… Read more »

Weekly rainfall wrap + 14 day outlook, 17 Jan 2018

Tropical cyclone Joyce made landfall on the north Pilbara coast, producing heavy falls. Thunderstorms and showers produced moderate falls in southeastern Australia. The post Weekly rainfall wrap + 14 day outlook, 17 Jan 2018 appeared first on Beef Central. Source: Beef Central Weekly rainfall wrap + 14 day outlook, 17 Jan 2018

Roma store 16 Jan 2018: Light weaners av 344c

All buyers were in attendance or represented in a yarding of 7700 cattle, with solid competition on better lines. The post Roma store 16 Jan 2018: Light weaners av 344c appeared first on Beef Central. Source: Beef Central Roma store 16 Jan 2018: Light weaners av 344c

NVLX Wodonga 16 Jan 2017: Market hits a wall

The cattle market at NVLX Wodonga hit a brick wall as the pressure of weakening competition wiped significant money off some classes of cattle. The post NVLX Wodonga 16 Jan 2017: Market hits a wall appeared first on Beef Central. Source: Beef Central NVLX Wodonga 16 Jan 2017: Market hits a wall

XE Market Analysis: North America – Jan 16, 2018

The euro dropped quite sharply on political concerns in Germany, with some SPD factions reportedly uncertain, or in outright rejection, of proposals to form a grand coalition. This has rattled EUR-USD and euro crosses, which have been aggressively bid in recent sessions. EUR-USD dove by about 70 pips in making a low of 1.2201. EUR-JPY… Read more »

More success for Aussie Intercollegiate Meat Judging team in Denver

The Australian national meat judging team has backed up its outstanding campaign in Texas last week winning the National Western Stock Show competition in Denver, Colorado – for the first time in 17 years. The post More success for Aussie Intercollegiate Meat Judging team in Denver appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: Europe – Jan 16, 2018

The dollar has settled above yesterday’s trend lows. EUR-USD has been making time in a narrow range below yesterday’s 37-month peak at 1.2296 while USD-JPY has lifted to the upper 110.0s after opening in Tokyo just under 110.50, above yesterday’s four-month low at 110.33. There were some remarks of disquiet about yen strength from both… Read more »

Livestock export standards review 'long overdue': RSPCA

Animal welfare advocates say the review of Australia’s livestock export standards is long overdue and necessary. Source: ABC Livestock Livestock export standards review ‘long overdue’: RSPCA

Weekly kill: Slaughter cattle prices sharply down as 2018 season gets underway

Slaughter grids in parts of eastern Australian have retracted sharply in the opening stages of the 2018 cattle slaughter season, with some direct consignment offers in Queensland declining 20c/kg carcase weight from where they sat in the final stages of 2017. That’s worth $66 a head on a typical 330kg grassfed heavy steer carcase. The… Read more »

CBH reports record $247m surplus, harvest intake of 13.2Mt

Western Australia’s CBH Group has reported a record surplus before rebates of $247.6 million for the year ending 30 September 2017, and a grain intake of 13.2 million tonnes (Mt) in the 2017/18 harvest which is now in its final days. The post CBH reports record $247m surplus, harvest intake of 13.2Mt appeared first on… Read more »

Elders trainee program opening strong career pathways

Twice a year Elders takes on 8 to 10 trainees to undertake 18 months of hands-on training at its branches around Australia, a unique career-building initiative that is opening career pathways to young people firmly set on a career in agribusiness. The post Elders trainee program opening strong career pathways appeared first on Sheep Central. … Read more »

XE Market Analysis: US Dollar Slumps To 3-Year Low

OVERVIEW Broad-based Dollar weakness continues. Euro adds to gains after a 3-year high reached on Friday. GBP is rising in tandem with EUR. BoJ Governor sounds upbeat on growth, Japanese Yen hits a 4-month high. HIGHLIGHT Source: XE news feed XE Market Analysis: US Dollar Slumps To 3-Year Low

Two weeks left to apply for company directors course

Grassfed beef producers have two more weeks to apply for the Australian Institute of Company Directors course, funded through Cattle Council of Australia and Meat & Livestock Australia. The post Two weeks left to apply for company directors course appeared first on Beef Central. Source: Beef Central Two weeks left to apply for company directors course

LPA changes affect all producers, regardless of property or herd size

With changes to Livestock Production Assurance announced last year now in full effect, the Livestock Biosecurity Network is urging livestock producers to ensure they are aware of what is required and how they become accredited or re-accredited. The post LPA changes affect all producers, regardless of property or herd size appeared first on Beef Central. … Read more »

Wagga sale 15 Jan 2017: Cheaper trend amidst erratic bidding

Bidding remained erratic, with restockers still unsure of opening price trends in 2018. Light weight steers back to the paddock were hardest hit, with rates falling 45c for the 200-280kg weight range. The bulk of the lighter weight steers made from 252-358c/kg. The post Wagga sale 15 Jan 2017: Cheaper trend amidst erratic bidding appeared… Read more »

XE Market Analysis: North America – Jan 15, 2018

The dollar has continued to skid lower, with the narrow trade-weighted USD index (DXY) down for a fourth straight day, presently showing a 0.6% decline so far today. The index has logged a 36-month low of 90.39, and only has to breach 90.33 to make it a 37-month low. The dollar has weakened in every… Read more »

XE Market Analysis: Europe – Jan 15, 2018

.The dollar posted fresh lows versus the euro, sterling and yen, among other currencies, before rebounding some. Friday’s hotter than expected U.S. CPI data, and decent retail sales data, which were followed-up by relatively hawkish remarks from Fed member Rosengren, who said that he now favours more than three 25 bp rate hikes this year,… Read more »

Laser probe designed to assess meat quality attracts meat science interest

Australian research into the use of a hand-held laser probe to measure meat quality traits has featured in an international reference book for food scientists. The post Laser probe designed to assess meat quality attracts meat science interest appeared first on Beef Central. Source: Beef Central Laser probe designed to assess meat quality attracts meat… Read more »

Online wool sales consistent as auction prices reach record levels

STRONG demand for Australian wool was reflected by consistent online demand as prices reached record levels in the first physical auctions for 2018. The post Online wool sales consistent as auction prices reach record levels appeared first on Sheep Central. Source: Sheep Central Online wool sales consistent as auction prices reach record levels

SE Asia Report: Indo govt changes mind, issues new buffalo import permits for 2018

Indonesian demand for beef remained weak in December with prices slipping even lower than November’s rates, as prices and polices around Indian buffalo meat imports appear to overlook a serious flaw in logic. The post SE Asia Report: Indo govt changes mind, issues new buffalo import permits for 2018 appeared first on Beef Central. … Read more »

Elders trainee program opening strong career pathways

Twice a year Elders takes on 8 to 10 trainees to undertake 18 months of hands-on training at its branches around Australia, a unique career-building initiative that is opening career pathways to young people firmly set on a career in agribusiness. The post Elders trainee program opening strong career pathways appeared first on Beef Central. … Read more »

Agribusiness: Goodfellow departs Rifa for new role with Canadian pension fund

Experienced agribusiness executive David Goodfellow has resigned from his position as head of Chinese-owned Rifa Salutary’s Australian operations to become chief executive of a new Australian subsidiary of Ontario Teachers’ Pension Plan. The post Agribusiness: Goodfellow departs Rifa for new role with Canadian pension fund appeared first on Sheep Central. Source: Sheep Central Agribusiness:… Read more »

Quinoa whiskey, now that's a flavour

Australia’s first quinoa whiskey joins a number of spirits with special, local ingredients driving the craft brewing and distilling industry. Source: ABC Grain Quinoa whiskey, now that’s a flavour

Agribusiness: Goodfellow departs Rifa for new role with Canadian pension fund

Experienced agribusiness executive David Goodfellow has resigned from his position as head of Chinese-owned Rifa Salutary’s Australian operations to become chief executive of a new Australian subsidiary of Ontario Teachers’ Pension Plan. The post Agribusiness: Goodfellow departs Rifa for new role with Canadian pension fund appeared first on Beef Central. Source: Beef Central Agribusiness:… Read more »

International Economic Week in Review: 2018 Is Starting Off Well

            Earlier this week, the OECD released their latest general assessment of world economy.  The report noted that this was the best year for global growth since the Great Recession with the expansion synchronizing across countries.  But while more countries are now growing (left chart), the pace of per capita growth… Read more »

US Bond Market Week in Review: Bond Market Potpourri

            Rather than have a longer, common theme to this week’s column, I have several smaller stories.  Hence, “Bond Market, Potpourri.” The Big Sell-off in the 10-Year Source: XE news feed US Bond Market Week in Review: Bond Market Potpourri

US Economic Week in Review: Strong Retail Sales and Modest Inflationary Pressures

            This week was light on the U.S. economic news front; there were only two releases of import: retail sales and CPI.             Retail sales were strong: they increased .4% M/M and 5.4% Y/Y.  Ex-auto, the numbers were .4% and 6.3% respectively.  Here’s the data in graph form: Source: XE news feed US Economic… Read more »

Back to business as AuctionsPlus numbers rise to 6595 head

Numbers started to recover following the Christmas/New Year break on AuctionsPlus this week, with cattle offerings lifting almost 4000 head to total 6595 head. Joined females averaged $1703 and reached a top of $2260. The post Back to business as AuctionsPlus numbers rise to 6595 head appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: Sterling Surges on Rumors of Soft Brexit

OVERVIEW The Euro hit a three year high against the US Dollar in early trade on successful German coalition. The Pound hit its highest level against the Dollar since the Brexit Referendum. Canadian central bank interest rate hike probability hits 86%. HIGHLIGHT Source: XE news feed XE Market Analysis: Sterling Surges on Rumors of Soft… Read more »

XE Market Analysis: Asia – Jan 12, 2018

The dollar perked up briefly following warmer U.S. core CPI and solid retail sales figures, though as has been the case for a month, sellers quickly took charge. EUR-USD had fallen to 1.2111 lows after the data, though later vaulted to three-plus year highs of 1.2157. USD-JPY bounced from opening lows of 111.15 to a… Read more »

XE Market Analysis: North America – Jan 12, 2018

The euro rallied to fresh highs on news of a breakthrough in coalition talks in Germany, which followed yesterday’s ECB minutes, which many interpreted as being hawkish. EUR-USD traded above 1.2700 for the first time since December 2014, and EUR-CHF also forayed into 37-month high territory. The dollar bore the brunt of euro buying, and… Read more »

XE Market Analysis: Europe – Jan 12, 2018

The dollar has remained on a softening tack, with the narrow trade-weighted USD index (DXY) extending yesterday’s declines from levels around 92.50 to a 91.75 low today,, which matches the four-month low that was posted on January 2. The greenback has logged fresh lows versus the euro, sterling and Australian dollar, among other currencies, in… Read more »

The Facebook page that brings sunshine to dairy farmers

It can be tough out there on the land, but a social media platform that emphasises the positives has been embraced by thousands of farmers across the country. Source: ABC Livestock The Facebook page that brings sunshine to dairy farmers

XE Market Analysis: Asia – Jan 11, 2018

The dollar took an early hit on Thursday in N.Y. trade, as ECB minutes said the Bank could change its guidance in early 2018 if the EU economy continues to expand. Incoming U.S. data missed the mark, weighing further on the USD, as jobless claims were higher than expected, and PPI cooler than forecasts. EUR-USD… Read more »

XE Market Analysis: Euro Spikes as ECB Signals Guidance Shift

OVERVIEW ECB minutes spark speculation over QE program. Chinese authorities deny reports on US debt purchases. USD back under pressure after PPI falls. AUD rallies after strong retail sales. CAD weaker on NAFTA concerns. Oil surges to highest since 2014 as OPEC say output cuts will continue. HIGHLIGHT Source: XE news feed XE Market… Read more »

A relationship to watch in 2018: hiring leads firing

Perhaps the biggest single thread in my overall business cycle analysis in the past year or two is that we have come to the later part of the cycle, but on the other hand there are no signs of any near-term decline.   Source: XE news feed A relationship to watch in 2018: hiring… Read more »

XE Market Analysis: North America – Jan 11, 2018

The dollar is firmer after China rebutted yesterday’s Bloomberg story alleging that it was pondering a reduction on U.S. Treasury purchases. USD-JPY broke a run of three consecutive declines, which printed a seven-week low at 111.27 yesterday, in recouping to the upper 111.0s. China’s State Administration of Foreign Exchange said that the Bloomberg report was… Read more »

XE Market Analysis: Europe – Jan 11, 2018

The dollar is firmer after China rebutted yesterday’s Bloomberg story alleging that it was pondering a reduction on U.S. Treasury purchases. USD-JPY broke a run of three consecutive declines, which printed a seven-week low at 111.27 yesterday, in recouping to the upper 111.0s. China’s State Administration of Foreign Exchange said that the Bloomberg report was… Read more »

WA Govt backflips on threat to close Schools of the Air

The Western Australian state government has backflipped on its planned closure of the state’s Schools of the Air, saying it went ‘too far.’ The decision comes after a widespread community backlash over the threatened closure of the remote area education provider. The post WA Govt backflips on threat to close Schools of the Air appeared… Read more »

Producers open gates for Beef 2018 property tours

Twelve innovative and progressive Central Queensland beef producers will open their front gates to visitors as part of the Beef Australia 2018 Property Tour Program during the triennial national cattle expo in May. The post Producers open gates for Beef 2018 property tours appeared first on Beef Central. Source: Beef Central Producers open gates… Read more »

Summer marketing campaign celebrates lamb with a musical makeover + VIDEO

The 2018 annual summer lamb campaign has been launched – this year features singing, dancing and celebrating the one thing all Australians can agree on: Australian Lamb. The post Summer marketing campaign celebrates lamb with a musical makeover + VIDEO appeared first on Sheep Central. Source: Sheep Central Summer marketing campaign celebrates lamb with… Read more »

Young Aussie meat judging team excels during US tour

For the first time since 2001, the Australian Intercollegiate Meat Judging Team has been triumphant at a US competition, winning the Southwest Invitational, hosted by Texas Tech in Lubbock, Texas recently. The post Young Aussie meat judging team excels during US tour appeared first on Beef Central. Source: Beef Central Young Aussie meat judging… Read more »

XE Market Analysis: Asia – Jan 10, 2018

The dollar perked up some in N.Y. trade on Wednesday, after getting smacked lower in the London morning session, after it was speculated that China would pare its Treasury purchases. EUR-USD slipped from opening highs over 1.2005 to base at 1.1940. USD-JPY bottomed at 111.27 early on, then topped at 111.64 before turning sideways. UJSD-CAD… Read more »

Alpaca industry seeking to double Australian numbers within years

A transformation is underway within Australia’s alpaca industry as it attempts to double the size of the nation’s herd within the next few years. Source: ABC Livestock Alpaca industry seeking to double Australian numbers within years

XE Market Analysis: Choppy Day Across the Board in the Currency Market

OVERVIEW The US Dollar is choppy after rumors about the Chinese central bank planning to slow/halt buying US Treasuries.  Euro strong as Italian opposition says the country should stay in the Euro.  Pound ignores strong industrial output, focusing on Brexit.  HIGHLIGHT Source: XE news feed XE Market Analysis: Choppy Day Across the Board in… Read more »

XE Market Analysis: North America – Jan 10, 2018

The dollar has kicked lower on reports about China, which is apparently considering downsizing its purchases of U.S. Treasury bonds. A Bloomberg report citing unnamed sources is the font of the story, and there hasn’t as yet been any official confirmation or denial. There is a sub-narrative in forex markets that the dollar’s unexplained weakness… Read more »

XE Market Analysis: Europe – Jan 10, 2018

The dollar has traded steady-to-firmer, overall. EUR-USD has remained heavy, meeting good selling interest above 1.1950, though so far remaining above yesterday’s 12-day low at 1.1915. Cable and AUD-USD have been seeing similar price actions, aided by the spike in U.S. Treasury yields over the last day, while the dialogue between North and South Korea… Read more »

From hammers to ham, a builder's passion for pig farming

South Australia’s Jason Stephenson says his destiny was to be a pig farmer. That’s why he swapped life on the building site for his free-range paddocks on the Eyre Peninsula. Source: ABC Livestock From hammers to ham, a builder’s passion for pig farming

Ag Minister to fly to India for urgent pulse tariff talks

David Littleproud will travel to India for urgent talks aimed at saving Australia’s pulse market from whopping Indian tariffs. Source: ABC Grain Ag Minister to fly to India for urgent pulse tariff talks

NVLX Wodonga 9 Jan 2017: Slaughter cattle prices rise on limited supply

The market opened up to mixed price trends with some processors yet to commence buying at physical markets. The seasonal shortage of top quality domestic slaughter cattle gave the market some edge, with prices improving by up to 10c/kg. The post NVLX Wodonga 9 Jan 2017: Slaughter cattle prices rise on limited supply appeared first… Read more »

XE Market Analysis: Yen Rises as BoJ Scales Back Bond Buys

OVERVIEW US Dollar recovers some ground, supported by higher US bond yields. German industrial production surges, trade data highlights rising global demand. Australian building approvals bounce back. Oil prices hold around 2.5-year highs. HIGHLIGHT Source: XE news feed XE Market Analysis: Yen Rises as BoJ Scales Back Bond Buys

XE Market Analysis: Asia – Jan 09, 2018

After posting gains overnight, the dollar index steadied through the N.Y. session, topping at eight-session highs of 92.64. EUR-USD printed lows of 1.1915, though USD-JPY pulled back to 112.36 lows, on N. Korea concerns, though managed to recover to 112.66 as Wall Street again rallied, and Treasury yields rose. USD-CAD consolidated recent losses, topping at… Read more »

XE Market Analysis: North America – Jan 09, 2018

The dollar and yen rallied against most other currencies, while USD-JPY itself posted moderate declines. The yen was lifted by the BoJ announcing a tapering in QE, which sent USD-JPY some 70 pips lower to a three-session low of 112.49. EUR-JPY and other yen crosses saw a similar price action. The BoJ said that purchases… Read more »