Month: March 2018

Weekly Indicators: flatter yield curve balance lower long rates edition

February data included a decline in consumer confidence from both sources, and a decline in the Chicago PMI, which was nevertheless still positive. Nominal personal income and spending increased, but in real terms income was flat. House prices continued to increase strongly YoY. Source: XE news feed Weekly Indicators: flatter yield curve balance lower… Read more »

Blockchain technology coming to Merino flocks in May

BLOCKCHAIN technology providing unprecedented supply chain transparency to wool consumers will be trialled for the first time by Australian Merino wool growers this year. The post Blockchain technology coming to Merino flocks in May appeared first on Sheep Central. Source: Sheep Central Blockchain technology coming to Merino flocks in May

Steer values ease as big pre-Easter drop seen in AuctionsPlus listings

Following a week of record listings and with Easter holidays looming, cattle numbers on AuctionsPlus on Thursday were back to 6183 head, a decrease of 8100 on the week before. Steer prices trended down, while heifer categories were firm to easier. The post Steer values ease as big pre-Easter drop seen in AuctionsPlus listings appeared… Read more »

Crossbred wool prices lift and sound Merino fleece values hold

CROSSBRED wool prices increased and values for sound Merino fleece held firm at auctions across Australia this week. The post Crossbred wool prices lift and sound Merino fleece values hold appeared first on Sheep Central. Source: Sheep Central Crossbred wool prices lift and sound Merino fleece values hold

XE Market Analysis: German Unemployment Rate Falls to A Record Low

OVERVIEW US consumer spending rises modestly while inflation picks up. UK 2017 GDP growth revised up, current account deficit revised down. Canadian GDP unexpectedly declined in January. HIGHLIGHT Unemployment in Germany fell to a record low in March, reflecting the strength of a labor market that has become the cornerstone of a consumer-led upswing. The… Read more »

Recruitment: Three keys to creating a positive environment for new employees

It’s imperative that employers invest in the right induction process, to ensure that after making the effort of finding the right new staff member, they are rewarded with a long-term employee who is loyal and happy with their workplace. Here’s some tips to make the transition to the new workplace as seamless as possible. The… Read more »

World grain stocks set for 46Mt fall

The International Grains Council’s (IGC) first formal projection for 2018/19 heralds a 46 million tonnes (Mt) drawdown of world grain stocks, following a smaller stock reduction in 2017/18, the first since stock had progressively built after 2012/13. The post World grain stocks set for 46Mt fall appeared first on Grain Central. Source: Grain Central … Read more »

Ominous signs for grainfed beef exports, as US feedlot numbers swell

An alarming buildup in US beef production, and potentially, exports, is sending ominous signs for Australian exporters, particularly for grainfed beef. The post Ominous signs for grainfed beef exports, as US feedlot numbers swell appeared first on Beef Central. Source: Beef Central Ominous signs for grainfed beef exports, as US feedlot numbers swell

Indonesia considering beef imports from Brazil

Brazil appears to be on the cusp of gaining access to Indonesian’s imported boxed beef and offal market, as the Indonesian Government moves to further expand beef supply in the lead up to this year’s Ramadan festival. The post Indonesia considering beef imports from Brazil appeared first on Beef Central. Source: Beef Central Indonesia… Read more »

Seasonal climate outlook Apr-June 2018

The April to June 2018 rainfall outlook issued this morning points to wetter three months for the tropical north and far southeast Australia, but mainly neutral rainfall outlook for most areas. The post Seasonal climate outlook Apr-June 2018 appeared first on Sheep Central. Source: Sheep Central Seasonal climate outlook Apr-June 2018

What BOM’s ‘neutral’ rainfall outlook for next three months really means

Today the Bureau of Meteorology releases its end-of-month seasonal outlook for April to June, updating the initial outlook released on March 15. But you might not have seen much media coverage of it, because we’re not seeing big swings towards the attention-grabbing climate drivers like El Niño or the Indian Ocean Dipole, which can dominate… Read more »

Brasserie Bread wins put wheat in front

Artisan baker Brasserie Bread has taken out two of NSW’s top food-industry medals, the NSW Department of Primary Industries’ (DPI) Innovation Award, and the Royal Agricultural Society (RAS) of NSW President’s Medal. The post Brasserie Bread wins put wheat in front appeared first on Grain Central. Source: Grain Central Brasserie Bread wins put wheat… Read more »

Beef 2018: Global beef insights from MLA’s international managers

Meat & Livestock Australia (MLA) will bring its annual Global Markets Forum to a Beef Australia expo for the first time at Beef 2018 in Rockhampton in May. The post Beef 2018: Global beef insights from MLA’s international managers appeared first on Beef Central. Source: Beef Central Beef 2018: Global beef insights from MLA’s… Read more »

XE Market Analysis: Asia – Mar 28, 2018

The DXY moved to its best levels in nearly a week, topping at 89.86 after opening near 89.44. Upgraded Q4 U.S. Upwardly revised Q4 GDP helped dollar sentiment, as did the partial unsinding of trade war fears. EUR-USD fell to 1.2335 lows from 1.2410 at the open, as USD-JPY ran up to 106.48 highs. USD-CAD… Read more »

Update on 2018 forecast, stock and bond movements

In this relatively slow news week, let me update a couple of subjects on which I’ve recently posted here.   A few days ago Lakshman Achuthan of ECRI revealed a change in their longer term forecast:   Source: XE news feed Update on 2018 forecast, stock and bond movements

Dalby Sale 28 March: Prices firm to stronger in smaller yarding

The upcoming Easter break reduced the yarding to 2645 head. Prices were firm to better across most classes The post Dalby Sale 28 March: Prices firm to stronger in smaller yarding appeared first on Beef Central. Source: Beef Central Dalby Sale 28 March: Prices firm to stronger in smaller yarding

XE Market Analysis: North America – Mar 28, 2018

The dollar traded firmer, especially against the yen and Swiss franc. USD-JPY logged a one-week high at 105.95 after more than reversing intraday losses. EUR-JPY and other yen crosses also picked up from intraday declines, but remained off recent highs. EUR-USD dipped to a 1.2376 low, making it a 1 bid figure correction from yesterday’s… Read more »

Weekly Property Review – Movement at the Station

Expansion potential attracts buyers to Haino Park feedlot | Mt Bullaway makes $3.8m | Hughenden’s Thornhill offers scale | Abundance of feed on Muttaburra’s Stockholm Station | Development potential on Roma’s Cogoon | Plenty of early interest in Augathella’s Killarney | Stratton’s ideal bacxkgrounding role | Marlborough’s Tallawallah carries 3600 | JV partners sought in… Read more »

Southern & Western NSW property market showing strength

The general property market in southern and western NSW continues to show strengthening signs, Herron Todd White director, Scott Fuller reports. Generally, the level of sales activity in the region had dropped slightly, however this was a reflection of a lack of listings, rather than a softening of market interest overall. The post Southern &… Read more »

XE Market Analysis: Europe – Mar 28, 2018

The yen was moderately bid amid a rekindling in risk aversion in global asset markets, led by a sharp tech-sector rout on Wall Street yesterday, which left the Nasdaq nursing a hefty 2.9% loss at the close of the regular session. USD-JPY drifted to a 105.32 low, subsequently picking itself up back above 105.50 into… Read more »

Victorian Farmers Federation to fight proposed lamb definition change

VICTORIA’S peak sheep producer body will fight the proposed change to the definition of Australian lamb that was endorsed last week by Sheep Producers Australia. The post Victorian Farmers Federation to fight proposed lamb definition change appeared first on Sheep Central. Source: Sheep Central Victorian Farmers Federation to fight proposed lamb definition change

AWI sits on ‘independent’ review committee with NFF nominee

FEDERAL Minister for Agriculture David Littleproud’s office has failed to clarify Australian Wool Innovation’s ongoing involvement with administration of a supposed independent review of the wool levy-funded body’s performance and governance. The post AWI sits on ‘independent’ review committee with NFF nominee appeared first on Sheep Central. Source: Sheep Central AWI sits on ‘independent’… Read more »

Weekly rainfall wrap + 14 day outlook, 28 Mar 2018

Tropical cyclone Marcus produced moderate to heavy falls in the Top End in the Northern Territory; also in the north Kimberley in Western Australia. A cold front produced widespread rainfall and isolated thunderstorms in western Tasmania. The post Weekly rainfall wrap + 14 day outlook, 28 Mar 2018 appeared first on Sheep Central. Source: Sheep Central Weekly rainfall wrap… Read more »

Following in history’s footsteps, Angus Borthwick builds exports to Japan

FOODEX 2018: A direct descendent of one of the oldest names in the Australian meat industry and the meat processing company that pioneered chilled vacuum packed beef exports to Japan is now exporting Australian beef in value-added products to Japan in his own right. The post Following in history’s footsteps, Angus Borthwick builds exports to… Read more »

Northern development: not about getting bigger, but maximising land assets

Northern Australia remains a land of great opportunity, but 2016 Nuffield Scholar and Queensland grazier, Adam Coffey, is recommending in his research report released today, that the industry take a closer look at historical land practices to determine their suitability and sustainability.  The post Northern development: not about getting bigger, but maximising land assets appeared… Read more »

Optimistic grain growers boost investment

Grain growers are continuing to invest in their businesses even as wheat prices remain low, as they look to a future of opportunities underpinned by a growing global middle class and a revived Trans Pacific Partnership Research, according to the Commonwealth Bank. The post Optimistic grain growers boost investment appeared first on Grain Central. … Read more »

'Fitbit for cows' set to revolutionise beef industry

A project developing a smart ear tag that tracks livestock in real time will radically change Australia’s beef production and add marketable value to Australia’s livestock industry. Source: ABC Beef Cattle ‘Fitbit for cows’ set to revolutionise beef industry

Roma store 27 Mar 2018: Prices firm to stronger

All buyers, including several restockers, were operating offering plenty of competition as the prices held firm or stronger in places due to the recent rain. The post Roma store 27 Mar 2018: Prices firm to stronger appeared first on Beef Central. Source: Beef Central Roma store 27 Mar 2018: Prices firm to stronger

CTLX sale 27 March 2018: Trade steers dearer, feeders ease

Cows in plain condition and young calves made up a large percentage of the yarding as people continue to lighten off due to the season. The post CTLX sale 27 March 2018: Trade steers dearer, feeders ease appeared first on Beef Central. Source: Beef Central CTLX sale 27 March 2018: Trade steers dearer, feeders… Read more »

NSW invests $475,000 in improved Q Fever vaccine and education

THE New South Wales government will invest $200,000 on research into an improved vaccine for Q Fever and $275,000 into an education campaign. The post NSW invests $475,000 in improved Q Fever vaccine and education appeared first on Sheep Central. Source: Sheep Central NSW invests 5,000 in improved Q Fever vaccine and education

XE Market Analysis: Asia – Mar 27, 2018

The dollar index rallied some early in the session, topping at 89.63, before heading back to 89.30 lows. Wall Street started higher, with the Dow supported by big GE gains, though losses ensued, especially in the NASDAQ, where Tesla and Facebook were hit, and NVIDIA pulled the plug on autonomous car testing. Treasury yields pulled… Read more »

XE Market Analysis: North America – Mar 27, 2018

The dollar has posted a decent rebound after posting fresh lows versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is showing a gain of 0.3% presently, at 89.29, retracing about two thirds of the decline seen over the last day, which earlier left a six-week low at 88.94. Source: XE… Read more »

NSW’s rangeland goats – a profit priority, but a sustainability threat says DPI

SIGNIFICANT improvements to the profitability and productivity of the NSW goat industry were possible and a priority, according to the NSW Department of Primary Industries. The post NSW’s rangeland goats – a profit priority, but a sustainability threat says DPI appeared first on Sheep Central. Source: Sheep Central NSW’s rangeland goats – a profit… Read more »

Weekly genetics review: Prices holding up well in autumn bull sales

Despite the year-on-year decline in slaughter cattle prices and softer trend in this year’s Autumn weaner sales, Autumn 2018 bull sales held so far in southern Australia have held up remarkably well, genetics editor Alex McDonald reports. The post Weekly genetics review: Prices holding up well in autumn bull sales appeared first on Beef Central. … Read more »

Herd management after completing an AI program: What are the options?

One of the most common questions asked after beef producers have completed an AI program in their herd revolves around what management options to consider next. Set out in this article are four common options that are often used in typical beef herds. The post Herd management after completing an AI program: What are the… Read more »

XE Market Analysis: Europe – Mar 27, 2018

The yen posted fresh lows today, losing ground for a second straight day amid a backdrop of reviving risk appetite and associated gains in global stock markets. USD-JPY clocked a three-session high of 105.75 in Tokyo, about a 35 pip gain on the New York closing levels, putting in some further distance from the 16-month… Read more »

Livestock SA endorses new lamb definition and seeks full MSA adoption

SOUTH Australia’s peak livestock producer group has endorsed the change in Australia’s lamb definition to align it with New Zealand criteria. Livestock SA president Joe Keynes said it was now important that the industry continued to seek opportunities to improve and should strive to fully implement objective measurement and Meat Standards Australia standards for lamb…. Read more »

Where does your grain go? Taste-testing popular spirit made from SA barley

Eyre Peninsula grain growers get to taste-test one of the products made from their malting barley — a distilled spirit that is popular in Japan — during a visit by producers. Source: ABC Grain Where does your grain go? Taste-testing popular spirit made from SA barley

Aerial mustering needs a culture change: Sir Angus Houston

The aerial cattle mustering industry has the highest accident rate of any sector of the Australian aviation community, and has been warned it must improve its leadership and culture to avoid future unnecessary tragedies. The post Aerial mustering needs a culture change: Sir Angus Houston appeared first on Beef Central. Source: Beef Central Aerial… Read more »

New donkey research leaves NT cattlemen dismayed

The NT Government buys a herd of feral donkeys for a research study and the local cattle industry is in disbelief. Source: ABC Beef Cattle New donkey research leaves NT cattlemen dismayed

Landholders were never compensated for tree clearing controls: Smith

Cattle Council of Australia president Howard Smith says Queensland landholders were never compensated despite having shouldered the cost of helping Australia meet its commitment to the Kyoto greenhouse gas reduction protocol. The post Landholders were never compensated for tree clearing controls: Smith appeared first on Beef Central. Source: Beef Central Landholders were never compensated… Read more »

Weekly kill: Numbers rise in lead-up to Easter closures

Direct consignment grid and saleyards prices have found a level this week, with prices largely unchanged in Queensland and NSW markets from the week before. Most processors remain in a reasonably good position, supply wise, for the next couple of holiday-shortened weeks, but expect to see some numbers start to move by mid-to-late April. The… Read more »

Teys Condamine feedlot makes big investment in solar

What is possibly the largest solar power generation project yet seen in the Australian beef industry is starting to pay big dividends for its investors. The post Teys Condamine feedlot makes big investment in solar appeared first on Beef Central. Source: Beef Central Teys Condamine feedlot makes big investment in solar

XE Market Analysis: Asia – Mar 26, 2018

The DXY fell to levels last seen on February 19, dropping to 89.02, after opening at 89.32. Despite a Wall Street raly, as trade tensions eased, and higher Treasury yields,. the dollar got no support. Bigger picture, trade issues will most likely remain, and the U.S. fiscal position is seen deteriorating further. As a result,… Read more »

Lambex 2018: Disruptive change offers opportunities for lamb

INSIGHTS into how global disruptive changes will impact the meat industry will be outlined by Lambex 2018 keynote speaker Melissa Clark-Reynolds at the major conference in Perth in August. The post Lambex 2018: Disruptive change offers opportunities for lamb appeared first on Sheep Central. Source: Sheep Central Lambex 2018: Disruptive change offers opportunities for… Read more »

XE Market Analysis: US Dollar Weakens as Trade War Fears Ease

OVERVIEW US Dollar is weaker across the board. British Pound is broadly higher based on improved risk appetite. Trade fears ease after comments from U.S. Treasury Secretary and Chinese Premier. HIGHLIGHT The US Dollar index has fallen around 0.5% to a 5-week low as trade tensions were eased by comments from US Treasury Secretary Steve Mnuchin,… Read more »

More top chefs line up to showcase red meat at Beef 2018

The list of celebrity chefs lining up to celebrate all things beef at the Beef Australia 2018 industry gathering is growing, with well-known personalities Adrian Richardson and Dominique Rizzo joining the presenter lineup. The post More top chefs line up to showcase red meat at Beef 2018 appeared first on Beef Central. Source: Beef… Read more »

Wagga sale 27 March 2018: Numbers dip before Easter break

The influx of plainer bred and non-descript cattle created mixed price trends at Wagga. The post Wagga sale 27 March 2018: Numbers dip before Easter break appeared first on Beef Central. Source: Beef Central Wagga sale 27 March 2018: Numbers dip before Easter break

XE Market Analysis: North America – Mar 26, 2018

The dollar and yen traded softer against most other currencies as risk appetite rebounded in global markets after U.S. Treasury Secretary Mnuchin said that there has been “productive” talks with China. This helped allay investor anxieties about prospects for an escalating trade way. Most stock markets rallied in Asia and Europe, while S&P 500 and… Read more »

XE Market Analysis: Europe – Mar 26, 2018

The dollar has traded modestly softer against most currencies, outside the case of USD-JPY amid a backdrop of relative stability in stock markets in Asia and with S&P 500 futures posting gains of near 1% in overnight trading. EUR-USD posted a tow-session high of 1.2383. Cable also edged out a two-day peak, while USD-CAD drifted… Read more »

Alpaca's future relies on meat eaters

The president of the Australian Alpaca Association says a viable meat trade is vital to the future growth of the industry. Source: ABC Livestock Alpaca’s future relies on meat eaters

Mice on the march through southern/northern farming regions

Mice numbers are rebuilding across southern farming regions and are emerging as a looming problem in northern farming zones as farmers gear up for this year’s winter sowing programs. The post Mice on the march through southern/northern farming regions appeared first on Grain Central. Source: Grain Central Mice on the march through southern/northern farming… Read more »

NTCA 2018: How technology is changing the beef industry faster than you think

The 2018 Northern Territory Cattlemen’s Association conference promised a focus on innovation and delivered with a program of high level experts who helped to connect the dots on how technology already is, and will apparently only get faster at, reshaping out industry. The post NTCA 2018: How technology is changing the beef industry faster than… Read more »

Brave new world of venture funding in agriculture

Venture capital funding of agtech is here and it is a weird and confusing place. So, is agtech going to revolutionise what farmers do and are start-ups going to lead the revolution? Probably, but not in the way many people suggest. The post Brave new world of venture funding in agriculture appeared first on Grain… Read more »

NT’s message to new Ag Minister: ‘roads, roads, roads’

After a full day engaging with Northern Territory cattle producers at last Friday’s NTCA conference, recently appointed federal agriculture minister David Littleproud was asked during a final panel session to nominate the key take away message he had received. The post NT’s message to new Ag Minister: ‘roads, roads, roads’ appeared first on Beef Central. … Read more »

AWI promotes report into planning for a non-mulesed sheep operation

AUSTRALIAN Wool Innovation has released a guide to planning for a non-mulesed Merino enterprise among recent new publications from its breech strike research development and extension program. The post AWI promotes report into planning for a non-mulesed sheep operation appeared first on Sheep Central. Source: Sheep Central AWI promotes report into planning for a… Read more »

NTCA 2018 Awards, Photography winners, and faces at the conference

The Northern Territory Cattlemens’ Association conference is the biggest annual get together of the northern cattle industry, and is timed at the end of the wet season to allow the close-knit NT cattle community to get together before demanding dry season mustering programs kick off in early April. The post NTCA 2018 Awards, Photography winners,… Read more »

Next gen ‘smart’ tags aiming to revolutionise livestock monitoring and ID

James Cook University has entered an agreement with commercial and research collaborators to develop and commercialse a ‘smart’ ear tag for livestock, that by 2020 could greatly change stock monitoring options open to cattle producers. The post Next gen ‘smart’ tags aiming to revolutionise livestock monitoring and ID appeared first on Beef Central. Source:… Read more »

Business skills vital to farming success

Farmers’ business management and leadership skills will increasingly become the key determinant in running successful agricultural operations in Australia, according to Rabobank CEO Peter Knoblanche. The post Business skills vital to farming success appeared first on Grain Central. Source: Grain Central Business skills vital to farming success

Elders agents dominate 2018 ALPA Young Auctioneer competition

ELDERS Cootamundra stock agent Sam Gemmell has won Australia’s top young auctioneer award for New South Wales. The post Elders agents dominate 2018 ALPA Young Auctioneer competition appeared first on Sheep Central. Source: Sheep Central Elders agents dominate 2018 ALPA Young Auctioneer competition

Saudis visit, but live export trade resumption speculation “premature”

A SAUDI Arabian trade delegation visited Australia this month to discuss live animal exports, but neither the Australian government nor exporters will confirm a timetable for resumption of sheep shipments. The post Saudis visit, but live export trade resumption speculation “premature” appeared first on Sheep Central. Source: Sheep Central Saudis visit, but live export… Read more »

Should lab-grown meat be labelled as meat when it’s available for sale?

Australian regulators will soon be faced with a challenge: can animal flesh produced in a lab be called meat? The post Should lab-grown meat be labelled as meat when it’s available for sale? appeared first on Beef Central. Source: Beef Central Should lab-grown meat be labelled as meat when it’s available for sale?

Aussie and Kiwi shearers still welcome in the United Kingdom

AUSTRALIAN and New Zealand shearers will continue to be welcome in the United Kingdom this year despite immigration being a high profile issue in Brexit discussions. The post Aussie and Kiwi shearers still welcome in the United Kingdom appeared first on Sheep Central. Source: Sheep Central Aussie and Kiwi shearers still welcome in the… Read more »

Restockers bid online as Merino ewe and wether prices drop

RESTOCKERS and breeders took advantage of softer prices for Merino ewes and wethers on AuctionsPlus last week. The post Restockers bid online as Merino ewe and wether prices drop appeared first on Sheep Central. Source: Sheep Central Restockers bid online as Merino ewe and wether prices drop

Young wool growers needed for ‘Raising the Baa’ in leadership

PEAK wool grower body WoolProducers Australia has opened nominations for its ‘Raising the Baa’ Leadership in Agriculture Program. The post Young wool growers needed for ‘Raising the Baa’ in leadership appeared first on Sheep Central. Source: Sheep Central Young wool growers needed for ‘Raising the Baa’ in leadership

Top young WA university research graduates celebrated at agriculture forum

MURDOCH University graduate Lydia Inglis was awarded the Young Professionals in Agriculture Forum top honours for 2018 in Perth last week. The post Top young WA university research graduates celebrated at agriculture forum appeared first on Sheep Central. Source: Sheep Central Top young WA university research graduates celebrated at agriculture forum

What the Fed Thinks: Quarles, Mester, Barker, and some Conclusions

            Vice chairman of supervision Quarles explained his opinion of the U.S. economy in a speech on February 26.  He began by noting that unemployment was 4.1%.  He believes this has “spilled over” into consumer confidence which, in conjuntion with growing household wealth, is sustaining consumer spending.  He believes that transitory factors caused inflation’s weakness… Read more »

What the Fed Thinks: Williams and Bostic

            This is the second part of my series looking at this year’s committee members to determine who are the hawks and who are the doves.  In the first part, we looked at Powell, Dudley and Brainard, all of whom are hawkish.  Here, I will start with San Francisco president John Williams who recently explained… Read more »

What the Fed Thinks: Powell, Dudley, and Brainard

            The Yellen era at the Federal reserve is over; the Powell era has officially begun.  Yellen had the unenviable task of steering the Fed from an easy money policy to a gradual tightening bias.  Her work was cut out for her; when Bernanke tried to raise rates, the market had a “taper tantrum” that… Read more »

Weekly Indicators: slow deterioration of long leading indicators edition

February data included a big increase in the Index of Leading Indicators, positive existing home sales month over month, and positive durable goods orders. A small decline in new home sales was the only negative. Source: XE news feed Weekly Indicators: slow deterioration of long leading indicators edition

Record offerings top 17,000 head on AuctionsPlus

Record cattle numbers were offered on AuctionsPlus this week, with listings totalling 14,292 head excluding re-offers left unsold from the week before, and 17,000 including re-offers, across six commercial sales. The post Record offerings top 17,000 head on AuctionsPlus appeared first on Beef Central. Source: Beef Central Record offerings top 17,000 head on AuctionsPlus

Buffaloes provide winning formula for gold medal blue cheese

They’re not a common sight in Victorian paddocks but a Gippsland farmer’s buffaloes are behind the success of a unique product. Source: ABC Livestock Buffaloes provide winning formula for gold medal blue cheese

Farmers devastated by deaths of thousands of livestock

Bushfires have claimed more than 300 of Brad Porter’s best mates — his premium jersey cows his family has been breeding for three generations. Source: ABC Livestock Farmers devastated by deaths of thousands of livestock

XE Market Analysis: Asia – Mar 23, 2018

The dollar weakened in N.Y. trade on Friday, weighed down by ongoing trade concerns, as China said it would slap tariffs on some U.S. exports. Trump spooked the markets when he threatened to not sign the omnibus spending bil (though he later signed it), resulting in lower equities. The DXY remained near its recent lows… Read more »

XE Market Analysis: North America – Mar 23, 2018

The dollar is softer today, although above lows seen yesterday versus many of the main currencies, or above the 16-month low that was seen during the Tokyo session earlier today in the case against the yen. EUR-USD clocked a high at 1.2349 earlier, since settling lower by remaining 0.2% up on the day. There seems… Read more »

XE Market Analysis: Europe – Mar 23, 2018

The yen remained underpinned as risk aversion continued to course through global markets on the realizing threat of Trumpian trade wars. USD-JPY logged a 16-month low at 104.64. Japanese inflation data today may have given the yen an added bid, with the BoJ-watched core CPI reading rising to a rate of 1.0% y/y in February… Read more »

Bindaree’s Chinese business partner slammed in Senate over avoiding debt

The Chinese former business partner of NSW red meat processor, Bindaree beef has been slammed in the Federal Senate for avoiding a $31 million fine imposed earlier by the Supreme Court of NSW. The post Bindaree’s Chinese business partner slammed in Senate over avoiding debt appeared first on Beef Central. Source: Beef Central Bindaree’s… Read more »

Who is the new NT Cattlemen's Association president?

As one of the most powerful lobby groups in the Territory, what are the priorities for the new NT Cattlemen’s Association president Christopher Nott? Source: ABC Beef Cattle Who is the new NT Cattlemen’s Association president?

Central Qld beef processing project on track, following $5m Govt grant

An ambitious Central QLD greenfield meat processing plant development is on track for launch some time during 2020, following the finalisation of council approvals in December and the approval of a $5 million Government grant towards the project. The post Central Qld beef processing project on track, following $5m Govt grant appeared first on Beef… Read more »

Other states showing “high interest” in Victorian sheep and goat EID initiative

OTHER Australian states are preparing for the potential national mandatory electronic identification of sheep and goats, Victorian Agriculture Minister Jaala Pulford said this week. The post Other states showing “high interest” in Victorian sheep and goat EID initiative appeared first on Sheep Central. Source: Sheep Central Other states showing “high interest” in Victorian sheep… Read more »

Australia’s new lamb definition implemented by mid-2019

SHEEP producers should not expect to have their lambs assessed under the newly endorsed lamb dentition definition until next year. The post Australia’s new lamb definition implemented by mid-2019 appeared first on Sheep Central. Source: Sheep Central Australia’s new lamb definition implemented by mid-2019

Recruitment: 8 questions good candidates will ask a prospective employer

In the meat and livestock sector, as much as any other industry field, job interviews are a two-way process. As the employer, of course you want to question candidates to find out how suitable they are for the job. But increasingly, a large part of interviews should be about candidates questioning you about the job… Read more »

The Incredible power of the humble Indonesian bakso ball

Bakso ball soup is the Indonesian equivalent of the Australian meat pie or the American hamburger, fast food that is cheap, delicious, available everywhere, a national icon, loved by all and a major part of the national food economy. Dr Ross Ainsworth explores the massive influence this tiny meat ball exerts over the Indonesian beef… Read more »

Lab-grown meat and the future of beef production

What does the northern cattle industry think about lab-grown meat and other technologies as it looks to the future? Source: ABC Beef Cattle Lab-grown meat and the future of beef production

Australian wool prices lift on prompt demand, supply and exchange rate

PROMPT delivery needs, less supply and a more favourable exchange rate helped lift Australian auction wool prices this week. The post Australian wool prices lift on prompt demand, supply and exchange rate appeared first on Sheep Central. Source: Sheep Central Australian wool prices lift on prompt demand, supply and exchange rate

TFI commits to Murray Bridge plant rebuild, possibly at new site

AUSTRALIA’S largest fully family-owned meat-processing company Thomas Foods International has committed to replacing its fire-affected Murray Bridge plant on a greenfield site if necessary. The post TFI commits to Murray Bridge plant rebuild, possibly at new site appeared first on Sheep Central. Source: Sheep Central TFI commits to Murray Bridge plant rebuild, possibly at… Read more »

XE Market Analysis: Asia – Mar 22, 2018

The DXY bounced to 89.96 highs, after printing 89.41 one-month lows in London morning trade. Risk off conditions prevailed through the session, as trade concerns rose following Trump’s direction to the U.S. Trade Office to consider increased tariffs on Chinese goods, with a list that initially would include $50 bln in Chinese exports. The dollar… Read more »

Young VRD stockman wins NT’s Emerging Indigenous Pastoral Leader award

A young indigenous stockman from Heytesbury’s Birrindudu Station in the Victoria River District has earned the 2018 Alward Foster Memorial Award during the early stages of the NT Cattlemen’s Association annual conference being held in Alice Springs. The post Young VRD stockman wins NT’s Emerging Indigenous Pastoral Leader award appeared first on Beef Central. … Read more »

Beef 2018 seminar to explore sustainable beef in northern Australia + VIDEO

The opportunities and challenges surrounding sustainable beef production in northern Australia will come into focus during a seminar program being staged in Rockhampton during Beef Australia 2018 in May. The post Beef 2018 seminar to explore sustainable beef in northern Australia + VIDEO appeared first on Beef Central. Source: Beef Central Beef 2018 seminar… Read more »

TFI to replace Murray Bridge at ‘greenfield’ site, if necessary

Australia’s largest fully family-owned meat-processing company, Thomas Foods International, has committed to replacing its fire-affected Murray Bridge facility in South Australia on a greenfield site if necessary. The post TFI to replace Murray Bridge at ‘greenfield’ site, if necessary appeared first on Beef Central. Source: Beef Central TFI to replace Murray Bridge at ‘greenfield’… Read more »

NTCA elects new president in Alice Springs

The Northern Territory Cattlemen’s Association (NTCA) has today elected its 13th president, with Chris Nott of Alcoota Station, Alice Springs, a former Alice Springs branch president and NTCA representative to the Cattle Council of Austrlia, elected 13th president of the association. The post NTCA elects new president in Alice Springs appeared first on Beef Central. … Read more »

Dubbo sale 22 March 2018: Young cattle lose ground

Young cattle to the restockers were 15c to 20c cheaper with steer calves selling from 234c for plain quality Bos Indicus cross calves to 334c for top quality Angus calves. The post Dubbo sale 22 March 2018: Young cattle lose ground appeared first on Beef Central. Source: Beef Central Dubbo sale 22 March 2018:… Read more »