Month: January 2018

XE Market Analysis: North America – Jan 31, 2018

The dollar rebounded during the London AM session after coming under pressure during in Asia, with the looming Fed announcement serving to inspire position trimming, quelling trend following. The USD index (DXY) recovered to 88.98 after logging a three-session low at 88.82. The index was still showing a net 0.3% decline on the day. EUR-USD… Read more »

Property: Central QLD grazing land prices may have peaked in some areas

Herron Todd White Central Qld valuers Michael Chaplain, Will McLay and Chris Dyer shared their collective thoughts about the 2017 property year across the region, and what might lie ahead in this report released during December. The post Property: Central QLD grazing land prices may have peaked in some areas appeared first on Beef Central. … Read more »

XE Market Analysis: Europe – Jan 31, 2018

The dollar has been trading with a heavy bias amid a backdrop of mostly firming stock markets in Asia, though has remained well off recent trend lows. EUR-USD logged a three-session high at 1.2450, and USD-JPY ebbed to an intraday low of 108.62 after peaking at 109.09 in the Tokyo session. Dovish remarks came from… Read more »

Beef 2018 award to salute beef innovators

Innovative beef producers are being encouraged to nominate for Meat & Livestock Australia’s Producer Innovation Award, to be presented in May at the Beef Australia 2018 event in Rockhampton. The post Beef 2018 award to salute beef innovators appeared first on Beef Central. Source: Beef Central Beef 2018 award to salute beef innovators

Price competitiveness and transparency is vital to WA sheep industry

SHEEP and lamb price competitiveness and transparency with the eastern states is vital to the future of Western Australia’s sheep meat and wool industry, according to WAFarmers livestock executive officer Kim Haywood. The post Price competitiveness and transparency is vital to WA sheep industry appeared first on Sheep Central. Source: Sheep Central Price competitiveness… Read more »

Top End wet season back on track

Heavy monsoonal rains has put the wet season back on track for Top End cattle producers. Source: ABC Beef Cattle Top End wet season back on track

Malaysian beef market access blighted by technical trade barriers

Amidst all the fanfare about trade opportunities under the newly-struck TPP agreement, technical trade barriers continue to eat away at Australian beef’s export potential. In the latest development, Queensland’s last remaining Malaysia-eligible beef exporter has been suspended on regulatory grounds surrounding Halal slaughter. The post Malaysian beef market access blighted by technical trade barriers appeared… Read more »

CRISPR gene-editing in Europe? Questions remain on regulations

Gene-editing techniques such as CRISPR are seen as game-changers for agriculture. Australia is watching as Europe continues to grapple with how to regulate the process. The post CRISPR gene-editing in Europe? Questions remain on regulations appeared first on Grain Central. Source: Grain Central CRISPR gene-editing in Europe? Questions remain on regulations

WoolProducers puts faith in first independently selected WoolPoll panel

AUSTRALIAN Wool Innovation’s 2018 WoolPoll panel is more independent than past committees entrusted to determine the industry’s preferred levy options, according to WoolProducers Australia president Richard Halliday. The post WoolProducers puts faith in first independently selected WoolPoll panel appeared first on Sheep Central. Source: Sheep Central WoolProducers puts faith in first independently selected WoolPoll… Read more »

Orphaned joey fished from floodwaters as Top End's wild weather continues

A vet is urging Territorians to keep an eye out for their native wildlife neighbours after little joey Steve was fished out of floodwaters near the Arnhem Highway by fishermen after a week of heavy rains and storms. Source: ABC Livestock Orphaned joey fished from floodwaters as Top End’s wild weather continues

XE Market Analysis: Asia – Jan 30, 2018

After opening under some pressure, the greenback made a bit of a comeback later in the session, rising against the yen and dollar after Bloomberg reported further comments from Treasury Secretary Mnuchin on the dollar. In congressional testimony, Mnuchin reportedly said he was not trying to jawbone the dollar lower, reiterating his CNBC comments from… Read more »

Bourke workshop set to develop pest animal control skills

WESTERN New South Wales landholders are being offered a great opportunity to upskill through a one-day 1080 Pindone and canid pest ejector training workshop in Bourke next month. The post Bourke workshop set to develop pest animal control skills appeared first on Sheep Central. Source: Sheep Central Bourke workshop set to develop pest animal… Read more »

Market conditions and livestock prices favour soil fertility investment

CURRENT market conditions and livestock prices were making it more rewarding than ever to invest in soil fertility, according to Meridian Agriculture farm business and livestock adviser, James Whale. The post Market conditions and livestock prices favour soil fertility investment appeared first on Sheep Central. Source: Sheep Central Market conditions and livestock prices favour… Read more »

XE Market Analysis: EU GDP Keeping Up with US Growth Levels

OVERVIEW US consumer confidence improves in January. The British economy is performing better than expected. ECB’s caution warranted as German inflation remains lackluster. HIGHLIGHT Q4 GDP from the EU was in line with expectations at 0.6%, allowing year-over-year growth to reach 2.7%, demonstrating that the recent positive momentum in the EU economy is allowing them… Read more »

Weekly rainfall wrap + 14 day outlook, 31 Jan 2018

An active monsoon trough and associated tropical low produced moderate to heavy rainfall in northern Australia during the week. Surface troughs produced showers and moderate falls in parts of the west and east. The highest weekly total was 716 mm at Humpty Doo in the Darwin–Daly District of the Northern Territory. The post Weekly rainfall… Read more »

Roma store 30 Jan 2018: Backgrounders still present and active

Quality trade stock held firm, as did store cows and the gap closed between the fat score 3 and 4 cows. Out of specification cattle are being presented, as expected this time of year, albeit the quality has been generally good given the seasonal conditions. The post Roma store 30 Jan 2018: Backgrounders still present… Read more »

NVLX Wodonga 30 Jan 2018: Improved demand from exporters

Helping push prices along was a major processor returning to the market after a lengthy absence. Heavy steers and bullock sold from 7-10c dearer making from 250-276c for the better finished lines. The post NVLX Wodonga 30 Jan 2018: Improved demand from exporters appeared first on Beef Central. Source: Beef Central NVLX Wodonga 30… Read more »

Second half 2018 forecast: still positive

As promised, once the GDP report came out, I can now give the second part of my 2018 forecast.  To forecast Q1 and Q2, I employ the the K.I.S.S. method of following the Index of Leading Indicators plus several other short term data points. Source: XE news feed Second half 2018 forecast: still positive

Property: Speculation returns about CPC land and cattle sale

Speculation has again surfaced about the possibility of UK private equity firm Terra Firma placing its Consolidated Pastoral Co cattle and beef business on the market. The post Property: Speculation returns about CPC land and cattle sale appeared first on Beef Central. Source: Beef Central Property: Speculation returns about CPC land and cattle sale

Marel event showcases cutting-edge meat processing technology

An Australian processing industry contingent will travel to Denmark in March to take part in global processing systems provider, Marel’s annual technology showcase event showcasing a range of processing technologies offering advances in efficiency, yield, automation, food safety and traceability, and product innovation. The post Marel event showcases cutting-edge meat processing technology appeared first on… Read more »

XE Market Analysis: North America – Jan 30, 2018

The dollar has come back under pressure, and is presently vying with the Australian dollar for the biggest loser on the day spot. The narrow trade-weighted USD index (DXY) is presently showing a loss of 0.2%, having earlier been showing a 0.3% gain on the day, and a 0.7% gain from yesterday’s low. EUR-USD has… Read more »

Weekly genetics review: 2018 Autumn bull selling season underway

The 2018 Autumn bull sales get into full swing this week, with some encouraging early sales in Western Australia. What lies ahead for buyers and vendors? The post Weekly genetics review: 2018 Autumn bull selling season underway appeared first on Beef Central. Source: Beef Central Weekly genetics review: 2018 Autumn bull selling season underway

Western truck route into South Australia opens to longer livestock B-doubles

COSTLY cross-loading of sheep and cattle at South Australia’s border with Western Australia has ended with 27.5 metre B-double livestock trucks being allowed entry to the SA Livestock Exchange at Dublin. The post Western truck route into South Australia opens to longer livestock B-doubles appeared first on Sheep Central. Source: Sheep Central Western truck… Read more »

Online wool demand minimal with auction market correction

ONLINE wool sales were limited to 29 bales traded in Australia last week, as the AWEX Eastern Market Indicator fell 57 cents to 1744c/kg clean. The post Online wool demand minimal with auction market correction appeared first on Sheep Central. Source: Sheep Central Online wool demand minimal with auction market correction

XE Market Analysis: Europe – Jan 30, 2018

The dollar has continued to hold steady-to-firmer as markets anticipate a hawkish tweak in the Fed’s policy guidance at tomorrow’s concluding of the FOMC meeting, which starts later today. This sentiment has spilled into global equity markets, souring risk appetite in a richly valued asset environment. Most commodity markets are similarly down for a second… Read more »

Beef Australia 2018 to host ag-tech start-up pitch event

Ag-technology innovators with smart ideas will have a chance to put their start-up concepts in front of potential investors and customers during a new event being launched at Beef Australia 2018 in Rockhampton in May. The post Beef Australia 2018 to host ag-tech start-up pitch event appeared first on Beef Central. Source: Beef Central … Read more »

Weekly kill: February rain outcome will have big bearing on rates of kill

Rainfall, or perhaps the lack of it, during February is shaping up to have a big bearing on rates of slaughter across eastern Australia during the next few months. Most direct consignment Qld slaughter grids eased another 5-10c/kg this week, as conditions continue to deteriorate and the A$ continues its run above US80c. The post… Read more »

Darling Downs trader A&B Grains in liquidation

Darling Downs grain trader, A&B Grains, has gone into liquidation, according to a notice published by the Australian Securities and Investments Commission. The post Darling Downs trader A&B Grains in liquidation appeared first on Grain Central. Source: Grain Central Darling Downs trader A&B Grains in liquidation

Grassfed restructure committee members incorporate ‘Cattle Producers Australia’

Members of the grassfed cattle restructure implementation committee say they are pressing ahead with plans to create a fully directly elected grassfed cattle producer representative organisation, as recommended by the 2013/14 Senate Inquiry into grass fed cattle levies and industry structures. The post Grassfed restructure committee members incorporate ‘Cattle Producers Australia’ appeared first on Beef… Read more »

Global export competition to challenge cattle prices in 2018

Beef and cattle prices are likely to come under some pressure in 2018 as international export competition intensifies and supply increases, MLA suggests in its 2018 Cattle Industry Projections released this morning. The post Global export competition to challenge cattle prices in 2018 appeared first on Beef Central. Source: Beef Central Global export competition… Read more »

Big line of Certified Organic steers, heifers & PTIC cows on AuctionsPlus

718 Certified Organic steers, heifers & PTIC cows A/c Crossmoor, Longreach QLD Selling AuctionsPlus Weaner & Yearling Sale (10am Syd time, this Friday 2 Feb): 87 backgrounder steers 280kg Santa x Hereford (3 decks) 124 weaned steers 193kg Hereford x (3 decks) 121 weaned heifers 189kg Hereford x (3 decks) 248 backgrounder heifers 277kg Droughtmaster… Read more »

Another year of uncertainty ahead for live export trade

Australia’s live cattle export trade should prepare for another year of tight supply, high cattle prices and ongoing uncertainty around import policies, Meat & Livestock Australia’s 2018 cattle projections report suggests. The post Another year of uncertainty ahead for live export trade appeared first on Beef Central. Source: Beef Central Another year of uncertainty ahead… Read more »

Repronomics: new frontier for genetics

The northern beef industry’s major fertility project, Repronomics, is delivering new genetic assessment tools and accelerating progress of the Brahman, Santa Gertrudis and Droughtmaster breeds. The post Repronomics: new frontier for genetics appeared first on Beef Central. Source: Beef Central Repronomics: new frontier for genetics

Cattle on feed numbers to ease under feedgrain price, profitability pressure

Cattle on feed numbers across Australia are anticipated to fall this year from 2017 highs, under pressure from high feedgrain prices, and the ‘price resilience’ of feeder weight cattle making the trading outlook for grainfeeding cattle look difficult. The post Cattle on feed numbers to ease under feedgrain price, profitability pressure appeared first on Beef… Read more »

XE Market Analysis: Asia – Jan 29, 2018

The dollar managed to gain some ground in N.Y. on Monday, following sharp losses seen last week. The DXY recovered to 89.61 after printing three-plus year lows of 88.44 on Friday. The market appears to be preparing for a more hawkish FOMC statement on Wednesday, which has prompted a round of dollar short covering. EUR-USD… Read more »

Australia Day awards 2018: Carrick Bionic Arm revolutionised northern Australia

Kal Carrick’s Bionic Arm is an absolute gem of an invention; it solves the problem of handling dangerous animals that could otherwise have inflicted damage and death on people in the buffalo and cattle industry. Furthermore, it resolves animal welfare issues that have come to be a priority in the Australian pastoral industry. The post… Read more »

XE Market Analysis: US Dollar Recovers on Rising Interest Rates

OVERVIEW U.S. consumer spending rises more than forecast. British Pound weakens on domestic political risk. ECB’s Praet signals support for continuing stimulus as CPI still soft. HIGHLIGHT Source: XE news feed XE Market Analysis: US Dollar Recovers on Rising Interest Rates

XE Market Analysis: North America – Jan 29, 2018

The dollar has found a toehold, either holding steady or posting gains versus its main peers. EUR-USD has been plying a narrow range in the lower 1.2400s, off from last Thursday’s 37-month high at 1.2537. USD-JPY, after last week posting a four-month low at 108.28, has been oscillating with 108.51 and 109.05 so far today…. Read more »

XE Market Analysis: Europe – Jan 29, 2018

The dollar has opened the week on a consolidative footing after tumbling to fresh trend lows last week. EUR-USD has been plying a narrow range in the lower 1.2400s, off from last Thursday’s 37-month high at 1.2537. USD-JPY, after last week posting a four-month low at 108.28, has been oscillating with 108.51 and 108.99 so… Read more »

Australia Day award for Kimberley Droughtmaster pioneer

A commercial cattle breeder who helped to pioneer the introduction of Droughtmaster cattle in the Western Australian Kimberley region has been honoured with a medal of the Order of Australia for his services to the cattle breeding industry. The post Australia Day award for Kimberley Droughtmaster pioneer appeared first on Beef Central. Source: Beef… Read more »

TPP a missed opportunity for US beef: NCBA

American cattle producers have expressed concern that the finalisation of Trans-Pacific Partnership talks without the United States represents a missed opportunity for American beef to gain access to foreign markets. The post TPP a missed opportunity for US beef: NCBA appeared first on Beef Central. Source: Beef Central TPP a missed opportunity for US… Read more »

National OJD plan under review, but states retain power to regulate

AUSTRALIA’S sheep producers have six weeks to tell their leaders whether the National Ovine Johne’s Disease Management Plan should continue, be changed or dropped. The post National OJD plan under review, but states retain power to regulate appeared first on Sheep Central. Source: Sheep Central National OJD plan under review, but states retain power… Read more »

NZ shearer Samuels abandons world ewe shearing record attempt

NEW Zealand shearer Leon Samuels late this morning abandoned his attempt to reclaim the world eight-hour ewe shearing record. The post NZ shearer Samuels abandons world ewe shearing record attempt appeared first on Sheep Central. Source: Sheep Central NZ shearer Samuels abandons world ewe shearing record attempt

Victorian Farmers Federation appoints Sheridan as new CEO

ENSURING agriculture is valued by the community, industry and government is a key challenge for the new chief executive officer of the Victorian Farmers Federation, Stephen Sheridan. The post Victorian Farmers Federation appoints Sheridan as new CEO appeared first on Sheep Central. Source: Sheep Central Victorian Farmers Federation appoints Sheridan as new CEO

Frenchman wins his first international shearing final at Rotorua show

FRENCH shearer Jeremy Leygonie hasn’t yet emulated his brother’s achievement in shearing at a world championships. The post Frenchman wins his first international shearing final at Rotorua show appeared first on Sheep Central. Source: Sheep Central Frenchman wins his first international shearing final at Rotorua show

Webinar spotlight turns to motion-activated cameras

INCREASING use of motion-activated cameras on outback properties has prompted Leading Sheep to hold a free webinar on their use next month. The post Webinar spotlight turns to motion-activated cameras appeared first on Sheep Central. Source: Sheep Central Webinar spotlight turns to motion-activated cameras

Online AuctionsPlus ewe lamb demand strong for select lines

AUSTRALIAN White ewe lambs made $346, unjoined Merino ewe hoggets made to $261 and first cross ewes with lambs sold for $275 on AuctionsPlus last week. The post Online AuctionsPlus ewe lamb demand strong for select lines appeared first on Sheep Central. Source: Sheep Central Online AuctionsPlus ewe lamb demand strong for select lines

What’s behind depressed cattle hide values?

When economic times are good, and businesses and individuals are feeling confident, hide and leather prices tend to follow suit. Rewards, like leather car-seats, lounge suites, shoes and handbags grow in popularity. So why are Australia hides values currently at two-year lows? The post What’s behind depressed cattle hide values? appeared first on Beef Central. … Read more »

Alibaba promotes Aussie Beef in China at Australia Day barbecue

Fourteen suppliers of Australian beef and lamb promoted selected products under the ‘True Aussie Beef and Lamb’ brand in China over the weekend, as Alibaba Group partnered with MLA to provide Australian beef and lamb producers with another channel to reach the Chinese market. The post Alibaba promotes Aussie Beef in China at Australia Day… Read more »

Wagga sale 29 Jan 2018: Restockers operate in smaller yarding

There were signs that restockers have faith and are prepared for the moment to push prices upwards by 5-18c/kg The post Wagga sale 29 Jan 2018: Restockers operate in smaller yarding appeared first on Beef Central. Source: Beef Central Wagga sale 29 Jan 2018: Restockers operate in smaller yarding

US Economic Week in Review: The US Economy Is Looking Good

            The U.S. is currently hitting on all cylinders.  Friday’s GDP report showed consistently modest growth.  The Conference Board’s leading indicators point towards continued expansion, as do 1-unit building permits and the 4-week moving average of initial unemployment claims.  All of the coincidental numbers are also rising.  While housing is… Read more »

US Bond Market Week in Review: The Bond Markets Are in Great Shape

                     What part of the curve is the primary culprit in a yield curve contraction?   History shows it’s usually the short-end: Source: XE news feed US Bond Market Week in Review: The Bond Markets Are in Great Shape

International Economic Week in Review: Big Week For Central Banks

            Since the beginning of the year, all three major global trading groups (the IMF, the World Bank and the OCED) have observed that the global economy is in its best shape since.  Not to be outdone, the NY Times recently made the same observation in a piece titled, “It’s… Read more »

Searing conditions halve numbers on AuctionsPlus

Worsening seasonal conditions was the defining influence on AuctionsPlus market activity this week, where buyer demand was flat, despite a halving in the size of the weekly catalogue. The post Searing conditions halve numbers on AuctionsPlus appeared first on Beef Central. Source: Beef Central Searing conditions halve numbers on AuctionsPlus

Competitor watch: Brazil expects official FMD freedom with vaccination by May

Brazil expects the World Organisation for Animal Health to declare the country Foot & Mouth Disease free with vaccinations at a meeting in May. A successful declaration would boost the country’s prospects to export meat to new markets. The post Competitor watch: Brazil expects official FMD freedom with vaccination by May appeared first on Beef… Read more »

Weekly Indicators: what's going on with rail and steel? edition

The most noted data this week was that in the rear view mirror, Q4 GDP continued to increase at a rate approaching 3% annualized in the initial estimate. Capex and residential investment increased nicely, while inventories slackened. Source: XE news feed Weekly Indicators: what’s going on with rail and steel? edition

XE Market Analysis: Asia – Jan 26, 2018

The dollar was dented briefly by the early mix of data, where Q4 GDP came in a bit under expectations. From there, U.S. Treasury Secretary Mnuchin clarified his “weak dollar” comments from earlier in the week, which mostly put a floor under the greenback. EUR-USD topped at 1.2457 early, later easing to 1.2408 lows. USD-JPY… Read more »

Fairvale farewell sale marks end of an era for Tassie family

The bloodlines of Fairvale’s Holstein Friesians have won Leanne and Ross Dobson international awards and the admiration of breeders around the world. But after a lifetime in the dairy industry, they’re selling the business. Source: ABC Livestock Fairvale farewell sale marks end of an era for Tassie family

XE Market Analysis: Dollar Volatility Continues Comments

OVERVIEW Dollar all over the show has conflicting comments from US government officials. UK GDP surprises at 0.5% for the final quarter of 2017. ECB member says recent public noise on currency rates is proving unhelpful.   HIGHLIGHT The US Dollar continues to be extremely volatile as conflicting comments are made by the US Treasury Secretary… Read more »

XE Market Analysis: North America – Jan 26, 2018

The dollar traded at softer levels after correcting a good chunk of the gains seen late yesterday after Trump said that he “ultimately” would prefer a strong dollar. EUR-USD settled in the mid 1.24s, up from the post-Trump low at 1.2364, but well off yesterday’s 37-month peak at 1.2537. Remarks from ECB’s Coeure that there… Read more »

XE Market Analysis: Europe – Jan 26, 2018

The dollar has ebbed back some after rallying after the London close yesterday at the prompt of Trump, who said from Davos that he favoured a strong dollar “ultimately.” EUR-USD settled around 1.2250, up from the post-Trump low at 1.2364. USD-JPY retreated to around 109.00, down from 109.77. The dollar has seen a similar ebb… Read more »

Big Moo does big poo for good cause

Locals in SA’s South East had to hold their breath — for more than one reason — as they waited and watched as one of Australia’s biggest cows dropped its manure for charity. Source: ABC Livestock Big Moo does big poo for good cause

How long to keep the chops?

Researchers have found that two weeks in the fridge is best for tasty lamb but freezing for up to a year does not affect its quality. Source: ABC Livestock How long to keep the chops?

Carding wool types hit hard in latest auction market correction

AUSTRALIAN wool prices fell further at auctions this week, with carding types most affected and reducing by 150-250c/kg, as demand adjusted to recent price levels, exchange rates, type availability and pipeline stocks. The post Carding wool types hit hard in latest auction market correction appeared first on Sheep Central. Source: Sheep Central Carding wool… Read more »

Rodeo to go ahead in 41C heat despite RSPCA protest

The RSPCA urges organisers of a Flinders Ranges rodeo in South Australia to cancel the event because of extreme heat, but the club says animal welfare remains its highest priority. Source: ABC Livestock Rodeo to go ahead in 41C heat despite RSPCA protest

XE Market Analysis: Euro Soars After Draghi's Limited FX Comments

OVERVIEW EUR hits fresh 3-year highs. The fallout from US Treasury Secretary’s comments on USD continues, despite attempts to clarify. British Pound trade-weighted index rises to 19-month high.  New Zealand Dollar slips after inflation slowed unexpectedly. HIGHLIGHT Source: XE news feed XE Market Analysis: Euro Soars After Draghi’s Limited FX Comments

Can the trade lamb indicator top 700c/kg and wool’s EMI reach 1800c?

LAMB price indicators could reach record levels early this year, possibly above 700c/kg, according to the Rural Bank’s latest Ag Answers report. The post Can the trade lamb indicator top 700c/kg and wool’s EMI reach 1800c? appeared first on Sheep Central. Source: Sheep Central Can the trade lamb indicator top 700c/kg and wool’s EMI… Read more »

XE Market Analysis: Asia – Jan 25, 2018

The dollar was smacked down again in N.Y. morning trade on Thursday, taking the DXY to trend lows of 88.45. An upbeat ECB press conference lifted EUR-USD to multi-year highs of 1.2537, while USD-JPY touched 108.50. USD-CAD touched four month lows of 1.2283, while cable hit 19-month highs of 1.4345. Part of the morning’s losses… Read more »

Some opportunities exist in challenging forward wool market

IT was a challenging week for the physical wool auction and forward markets. The post Some opportunities exist in challenging forward wool market appeared first on Sheep Central. Source: Sheep Central Some opportunities exist in challenging forward wool market

Australian wool growers send their finest to Baggy Green project

AUSTRALIAN wool growers are batting well in their support for a project to make the first batch of woollen Baggy Green cricket caps. The post Australian wool growers send their finest to Baggy Green project appeared first on Sheep Central. Source: Sheep Central Australian wool growers send their finest to Baggy Green project

December housing summary: sales and prices accelerate

With this morning’s release of new home sales for December, we have a good picture of the housing market through the end of 2017, with the caveat that the Census Bureau’s report on median asking rent for the 4th Quarter will not be released until next Tuesday.   Source: XE news feed December housing… Read more »

XE Market Analysis: North America – Jan 25, 2018

The logged fresh lows in Asia before settling during in London trading. EUR-USD logged a 37-month high of 1.2459, extending the rally seen this week from the low 1.2200s, before settling in the lower 1.2400s into the ECB announcement. ECB policy is in sharp focus with market participants looking for further confirmation that the central… Read more »

XE Market Analysis: Europe – Jan 25, 2018

Another day, another tumble in the dollar. The USD index (DXY) clocked a new low at 88.81, which is the lowest levels since January 2014. EUR-USD is up for a fourth straight day, logging a fresh 37-month high at 1.2459 before settling around 1.2425. USD-JPY is down for a third straight day, this time logging… Read more »

Northern Territory road trains without cattle, no need for drivers

Northern Territory livestock trucking companies are reporting a terrible twelve months for business, with many road trains sitting idle. Source: ABC Beef Cattle Northern Territory road trains without cattle, no need for drivers

Wet season live export cattle price remains steady in Top End

A Northern Territory livestock agent says prices for export cattle continue to remain steady in the early year, as stock are mostly sourced from flood plain country. Source: ABC Beef Cattle Wet season live export cattle price remains steady in Top End

DEXA scanning poised to get underway at Lakes Creek trial site

Beef carcase scanning for meat yield using the DEXA scanning technology will get underway at the Teys Lakes Creek trial site in Central Queensland in coming weeks, following the installation of more equipment during the Christmas/New Year plant closure period. The post DEXA scanning poised to get underway at Lakes Creek trial site appeared first… Read more »

Nhill, Mt McLaren top GrainCorp sites for intake in challenging 2017 harvest

Nhill in Victoria at nearly 180,000 tonnes and Mt McLaren in Central Queensland on more than 155,000t topped the site intakes for GrainCorp’s up-country network in the winter-crop harvest which is now complete in Australia’s eastern states. The post Nhill, Mt McLaren top GrainCorp sites for intake in challenging 2017 harvest appeared first on Grain… Read more »

Louis Dreyfus ventures into blockchain trade

Global commodity trader, Louis Dreyfus (LDC), has conducted its first agricultural commodity trade using blockchain, selling a 60,000-tonne cargo of United States soybeans to China last month. The post Louis Dreyfus ventures into blockchain trade appeared first on Grain Central. Source: Grain Central Louis Dreyfus ventures into blockchain trade

Grain silo collapses in the US

The clean up is still underway after the collapse of a massive grain silo in the United States that spilled 10,000 tonnes of corn across the storage complex and cut a major road. The post Grain silo collapses in the US appeared first on Grain Central. Source: Grain Central Grain silo collapses in the… Read more »

Darwin livex yard upgrade set for March completion

The newly upgraded Berrimah Export Yards in Darwin are expected to be operational by late March, just in time for the start of the annual annual live export mustering season. The post Darwin livex yard upgrade set for March completion appeared first on Beef Central. Source: Beef Central Darwin livex yard upgrade set for… Read more »

TFI doubles small stock processing at Lobethal after Murray Bridge fire

SMALL stock production – lambs, mutton and goats – has doubled at Thomas Food International’s Lobethal plant after staff redeployments and the granting of conditional B-Double access to the South Australian plant. The post TFI doubles small stock processing at Lobethal after Murray Bridge fire appeared first on Sheep Central. Source: Sheep Central TFI… Read more »

Seasonal climate outlook Feb-Apr 2018

The February to April rainfall outlook issued by the Bureau of Meteorology this morning indicates a wetter three months are likely for Western Australia, while the month of February is forecast to be wetter than average for WA, southern Australia and parts of southern and central Queensland. The post Seasonal climate outlook Feb-Apr 2018 appeared… Read more »

AgForce welcomes new Farm Debt Restructure Office in Queensland

AGFORCE has welcomed the establishment of a new Farm Debt Restructure Office to assist Queensland farmers in financial distress to access expert advice. The post AgForce welcomes new Farm Debt Restructure Office in Queensland appeared first on Sheep Central. Source: Sheep Central AgForce welcomes new Farm Debt Restructure Office in Queensland

XE Market Analysis: Dollar Slumps After Treasury Secretary's Comments

OVERVIEW US Dollar is at 3-year low versus major counterparts after the Secretary of Treasury says the weaker Dollar is good. UK employment data very strong, with GBP outperforming. EUR stands at 3-year highs, PMIs show businesses ramped up activity in January.  US home sales fell more than expected in December while prices rose. HIGHLIGHT … Read more »

Are you focused on the basics or the peripherals of profit?

Most producers want to be more profitable, but are focusing on peripheral issues that are not the primary driver for business profitability, writes Al Rayner, principal of Tamworth-based agricultural advisory and training company RaynerAg.  The post Are you focused on the basics or the peripherals of profit? appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: Asia – Jan 24, 2018

The DXY was crushed to 89.20 lows in N.Y. trade on Wednesday, levels last seen in December of 2014. Selling kicked off in earnest after U.S. Treasury Secretary Mnuchin’s Davos comments, where he said a weak dollar is good for U.S. exports. EUR-USD topped at 1.2411 after opening at 1.2340, while USD-JPY slid to 108.95… Read more »

TFI redeploys staff in wake of Murray Bridge plant fire

Staff impacted by the catastrophic fire at Thomas Foods International’s Murray Bridge export beef and lamb processing plant in South Australia earlier this month are being redeployed, as the company navigates its way through the early stages of recovery. The post TFI redeploys staff in wake of Murray Bridge plant fire appeared first on Beef… Read more »

Weekly genetics review: Autumn bull sales set to roll

Beef Central’s ever-popular weekly genetics review coverage returns next week, after its summer recess since the completion of 2017 spring sales in November. Taking over the reins as genetics editor for the autumn bull selling season this year is well-known and respected seedstock industry administrator, Alex McDonald. The post Weekly genetics review: Autumn bull sales… Read more »

Dalby sale 24 Jan 2018: Heavier cattle ease

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 24 Jan 2018: Heavier cattle ease appeared first on Beef Central. Source: Beef Central Dalby sale… Read more »

Dubbo sale 25 Jan 2018: Dry conditions impact prices

It was a plain quality yarding with a large number of secondary cattle showing the effects of the hot dry conditions. Prime cattle in all sections were in limited supply with the exception of cows. The post Dubbo sale 25 Jan 2018: Dry conditions impact prices appeared first on Beef Central. Source: Beef Central … Read more »

XE Market Analysis: North America – Jan 24, 2018

The dollar has come under fresh pressure. The narrow trade-weighted USD index (DXY) traded at fresh three-year lows, logging a nadir at 89.61 and bringing the cumulative loss on the year so far to 13%. EUR-USD logged a 37-month high of 1.2356, while USD-JPY traded below 110.00 for the first time since last September, posting… Read more »

XE Market Analysis: Europe – Jan 24, 2018

The dollar has come under fresh pressure. The narrow trade-weighted USD index (DXY) traded at fresh three-year lows, logging a nadir at 89.83 and bringing cumulative loss on the year so far to 13%. EUR-USD logged a 37-month high of 1.2335, while USD-JPY traded below 110.00 for the first time since last September, posting a… Read more »

Wool growers support call to phase-out shaft-driven shearing equipment

WOOL growers are replacing antiquated overhead shaft-driven sheep shearing systems after a young woman suffered significant head injuries in a New South Wales shed accident. The post Wool growers support call to phase-out shaft-driven shearing equipment appeared first on Sheep Central. Source: Sheep Central Wool growers support call to phase-out shaft-driven shearing equipment

Store cattle prices ease as dry pressure builds

Dry conditions are taking a toll on store cattle markets, reflected in a 10c/kg drop in the benchmark Eastern Young Cattle Indicator yesterday. The post Store cattle prices ease as dry pressure builds appeared first on Beef Central. Source: Beef Central Store cattle prices ease as dry pressure builds

Pacific trade agreement to go ahead without the US

Australia is set to join 10 other nations in signing up to a revised version of the Trans-Pacific Partnership (TPP) trade deal which is likely to open new grain trade opportunities. The post Pacific trade agreement to go ahead without the US appeared first on Grain Central. Source: Grain Central Pacific trade agreement to… Read more »

Call for full transparency in over-the-hook sheep meat prices

FULL transparency in over-the-hook sheep meat prices in Australia has been suggested in a report into the sector’s market structures and systems. The post Call for full transparency in over-the-hook sheep meat prices appeared first on Sheep Central. Source: Sheep Central Call for full transparency in over-the-hook sheep meat prices

XE Market Analysis: Asia – Jan 23, 2018

The dollar came under renewed pressure in N.Y. on Tuesday, with the DXY hitting a three-plus year low of 90.07. EUR-USD topped at 1.2306 after opening near 1.2235, while USD-JPY touched 110.26, after peaking at 111.17 post-BoJ meeting. USD-CAD traded a narrow range in the mid-1.24s, while cable printed new post-Brexit vote highs of 1.4027.[EUR,… Read more »