Month: March 2018

XE Market Analysis: North America – Mar 14, 2018

The dollar has traded mixed so far today, weakening to a four-session low versus the euro before rebounding, maintaining a heavy tone against the yen, and posting fresh lows versus a number of Asian currencies and the South African rand. A risk-off theme prevailed Asia, before U.S equity index futures turned moderately higher and European… Read more »

XE Market Analysis: Europe – Mar 14, 2018

The dollar has been trading with a softening bias, pushing EUR-USD to a four-session high of 1.2414, Cable to a two-week high of 1.3995 and the narrow USD trade-weighted index to a four-session low. The greenback has also seen fresh lows versus the various Asian currencies, and the South African rand. USD-JPY has remain heavy,… Read more »

New South Australian terminal to export grain this year

Australia’s first farmer and private-equity partnership port will be built at Lucky Bay on Eyre Peninsula (EP) to provide a grain storage and export option to the bulk handling and loading facilities operated in South Australia by Glencore’s Viterra. The post New South Australian terminal to export grain this year appeared first on Grain Central. … Read more »

Mt Gambier sheep producers consider legal action over SA OJD program

MOUNT GAMBIER sheep producers Neville and Jill McKenna are considering their legal options after suffering more than five years in flock and property quarantine under South Australia’s OJD control program. The post Mt Gambier sheep producers consider legal action over SA OJD program appeared first on Sheep Central. Source: Sheep Central Mt Gambier sheep… Read more »

Beef arms race steps up in Japan

After a long period of relatively unchallenged stability in Japan’s lucrative imported beef market, Australia’s coveted number one importer status is facing increased competitive challenges from rival exporters old and new. The post Beef arms race steps up in Japan appeared first on Beef Central. Source: Beef Central Beef arms race steps up in… Read more »

Rural deaths underline perils of working in confined spaces

Just over one year ago, three members of a NSW farming family died while cleaning an empty water tank on a property near Gunning in Southern NSW. In January 2018, two brothers in a haulage business in North Queensland were found dead in the bottom of a fibreglass tank used to cart dunder and molasses… Read more »

Toorallie-Pooginook Merino garment partnership celebrated

WOOL growers, brokers, designers and Australia’s Minister for Agriculture gathered to celebrate a domestic wool marketing success story in Melbourne last week. The post Toorallie-Pooginook Merino garment partnership celebrated appeared first on Sheep Central. Source: Sheep Central Toorallie-Pooginook Merino garment partnership celebrated

Four options in restocking after western Qld’s big seasonal change

Taylor Byrne’s Townsville-based property valuer Michael Chaplain uses this case study to examine the likely impacts and challenges of restocking in Queensland’s mid-western downs country after recent rain.    The post Four options in restocking after western Qld’s big seasonal change appeared first on Beef Central. Source: Beef Central Four options in restocking after… Read more »

New Australian Wool Industry Medal nominees sought

WORTHY wool industry workers are being sought for the second round of Australian Wool Industry Medal nominations. The post New Australian Wool Industry Medal nominees sought appeared first on Sheep Central. Source: Sheep Central New Australian Wool Industry Medal nominees sought

XE Market Analysis: Asia – Mar 13, 2018

The DXY fell to four-session lows in N.Y. on Tuesday, largely the result of a benign U.S. February CPI outcome, which tempered Fed rate hike concerns to a degree. The dollar index fell from 90.01 to lows of 89.59 through the morning session. EUR-USD rallied from 1.2335 to 1.2407. USD-JPY meanwhile, dropped from 107.28 to… Read more »

Does your sheep or lamb industry event need some $ponsorship?

MEAT & Livestock Australia is inviting applications for sponsorship of industry events that are designed to increase the productivity, sustainability and profitability of farm businesses. The post Does your sheep or lamb industry event need some $ponsorship? appeared first on Sheep Central. Source: Sheep Central Does your sheep or lamb industry event need some… Read more »

Weekly rainfall wrap + 14 day outlook, 14 Mar 2018

A monsoon trough and lingering surface trough near Cairns produced very heavy falls and flooding about the north tropical Queensland coast. A weak low pressure system located over the southern Gulf of Carpentaria produced moderate to heavy falls across northwestern Queensland and in the Northern Territory. The post Weekly rainfall wrap + 14 day outlook,… Read more »

Property: High expectations for Middlemount’s Redcliff

A district property record price has not been ruled out when impressive 6900ha Central Queensland bullock fattening depot, Redcliff is put to auction in Rockhampton next month. The post Property: High expectations for Middlemount’s Redcliff appeared first on Beef Central. Source: Beef Central Property: High expectations for Middlemount’s Redcliff

Roma sale 14 Mar 2018: Competition remains strong

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 sale 14 Mar 2018: Competition remains strong appeared first on Beef Central. Source: Beef Central Roma sale 14 Mar 2018: Competition remains strong

Research finds connection between animal genetics and gut bacteria responses

Recent research has confirmed suspicions that differences in the genetics of mammals influence the responses of gut bacteria and produce markedly different responses to nutritional challenges. The post Research finds connection between animal genetics and gut bacteria responses appeared first on Beef Central. Source: Beef Central Research finds connection between animal genetics and gut… Read more »

XE Market Analysis: North America – Mar 13, 2018

Yen weakness has been the main theme, with the dollar itself mostly direction outside the case of USD-JPY, which ran to two-week highs. market participants will be paying close attention to the U.S. February release later Last month’s sub-forecast release prompted a fairly steep drop in the dollar. We expect an unchanged 2.1% y/y outcome… Read more »

XE Market Analysis: Europe – Mar 13, 2018

The yen backed out of early-Tokyo highs and is showing an average 0.4% decline versus the dollar and euro heading into the London interbank open. USD-JPY logging a high of 106.90 after posting a three-session low at 106.25. EUR-JPY also lifted out of a two-session low to make a two-session high of 131.77. AUD-JPY and… Read more »

VFF calls for national deregulation of OJD including in South Australia

VICTORIA’S peak sheep and wool farmer body wants Ovine Johne’s Disease management deregulated nationally, including in South Australia. The post VFF calls for national deregulation of OJD including in South Australia appeared first on Sheep Central. Source: Sheep Central VFF calls for national deregulation of OJD including in South Australia

National Livestock Genetics Consortium taskforce calls the genetics R&D shots

The National Livestock Genetics Consortium, now 15 months old, has set a goal to increase the value of genetics to the beef industry by $400m by 2022, through doubling the rate of annual genetic gain in the commercial livestock industry value chain. The post National Livestock Genetics Consortium taskforce calls the genetics R&D shots appeared… Read more »

The island of drought where it hasn't rained for three years, next to a massive flood zone

As record-breaking summer rainfalls leave much of northern WA’s Kimberley under water, pastoralists in the neighbouring Gascoyne region are dealing with an entirely different story as a crippling multi-year drought takes its toll. Source: ABC Livestock The island of drought where it hasn’t rained for three years, next to a massive flood zone

Weekly kill: ‘Wet weather money’ pushes Qld grids 10c/kg higher

It’s no surprise that there’s plenty of wet weather money being splashed around by QLD processors this week, as they battle to raise enough cattle to kill in the aftermath of the recent rain event. Most processor grids across the state have risen 10c/kg since last week, but even so, larger operators are scheduling dark-days… Read more »

Re-launched Japanese grainfed brand program aims to avoid ‘commodity’ market

NH Foods Omugi-Gyu (Barley Beef) grainfed brand launched back in the mid-1990s has served the company well – but it is undergoing a repositioning exercise designed to improve quality and distance it from the price-sensitive global ‘commodity beef’ 100-day market. The post Re-launched Japanese grainfed brand program aims to avoid ‘commodity’ market appeared first on… Read more »

Vietnam spends millions on animal welfare to secure more Australian beef

Growing demand for Australian cattle has prompted Vietnam’s processing sector to invest millions in abattoir training facilities to improve animal welfare. Source: ABC Beef Cattle Vietnam spends millions on animal welfare to secure more Australian beef

SA lamb producer takes anti-fracking film on tour + VIDEO

SOUTH Australian farmer and anti-fracking campaigner David Smith is continuing his opposition to unconventional gas mining with national showings of his self-funded film ‘Pipe Dreams Fractured Lives’. The post SA lamb producer takes anti-fracking film on tour + VIDEO appeared first on Sheep Central. Source: Sheep Central SA lamb producer takes anti-fracking film on… Read more »

Kay’s Cuts: A wall of US meat, or a tidal wave?

There are strong implications for Australia’s export beef industry in the current and forecast beef supply trends in the US, Beef Central’s US columnist Steve Kay reports in his latest monthly column. The post Kay’s Cuts: A wall of US meat, or a tidal wave? appeared first on Beef Central. Source: Beef Central Kay’s… Read more »

Opinion: Lab-grown ‘Clean meat’ is a misnomer, in more ways than one

Producers of laboratory-cultured animal cells for food needs to come up with a description other than ‘meat’, argues Australian Farm Institute’s Mick Keogh The post Opinion: Lab-grown ‘Clean meat’ is a misnomer, in more ways than one appeared first on Beef Central. Source: Beef Central Opinion: Lab-grown ‘Clean meat’ is a misnomer, in more… Read more »

Steaks vacuum sealed in 'world's smallest boning room'

Fresh steaks are packaged for shipment in Trevor Walsh’s cryovac machine at his property outside Macksville in north-east New South Wales. Source: ABC Beef Cattle Steaks vacuum sealed in ‘world’s smallest boning room’

XE Market Analysis: Asia – Mar 12, 2018

FX trade was very light in N.Y. on Monday, with narrow ranges the rule overall, though the dollar did lose modest ground. The DXY slipped from opening highs of 90.10, before slipping back to 89.92 lows. EUR-USD topped at 1.2335, up from 1.3290, while USD-JPY was stuck inside of 106.65 to 106.42. USD-CAD meandered inside… Read more »

XE Market Analysis: US Dollar Drops on Wage Inflation

OVERVIEW US Dollar drops against a basket of currencies on poor wage inflation. Loonie dips lower on oil price drop. Sterling stronger on risk demand. HIGHLIGHT There is no highlight for today’s Currency Market Analysis. US DOLLAR The US Dollar has given back some of Friday’s gains as the focus on wage inflation looks like… Read more »

Rural deaths underline perils of confined spaces

Just over one year ago, three members of a NSW farming family died while cleaning an empty water tank on a property near Gunning in Southern NSW. In January 2018, two brothers in a haulage business in North Queensland were found dead in the bottom of a fibreglass tank used to cart dunder and molasses… Read more »

Wagga sale 12 March 2018: Further rises for feeder, export classes

Despite the bigger offering of 4750, cattle heavy export cattle met with strong competition. The post Wagga sale 12 March 2018: Further rises for feeder, export classes appeared first on Beef Central. Source: Beef Central Wagga sale 12 March 2018: Further rises for feeder, export classes

XE Market Analysis: North America – Mar 12, 2018

The dollar has traded with a downside bias, posting losses versus the yen and Australian and New Zealand dollars, while managing to recoup modest intraday losses versus the euro. EUR-USD ebbed back toward the 1.2300 level after lifting to a two-session high of 1.2340. Friday’s “just right” U.S. Source: XE news feed XE Market… Read more »

XE Market Analysis: Europe – Mar 12, 2018

The dollar has traded steady-to-softer in early-week trading so far. USD-JPY dipped below Friday’s low in making 106.35 before rebounding above 106.50. The market was rocked a little by demands for the resignation of Japan’s finance minister, Aso, who subsequently said that he would stand his ground. Source: XE news feed XE Market Analysis:… Read more »

Company-driven pasturefed programs hasten exit from industry-run PCAS

Just 25 cattle producers in Victoria and NSW now have the highest level of certification for grassfed beef supply. While more than 300 producers were believed to been signed up at its peak, Pasturefed Cattle Assurance Scheme (PCAS) certification numbers have fallen dramatically. The plummeting numbers are put down to two factors. The post Company-driven… Read more »

US Economic Week in Review: The Economy is Hitting on All Cylinders

            US economic news continues to be very strong.  The Fed observed as much in their latest Beige Book, which reported on an economy clearly in the middle of a broad-based expansion. The latest employment report was amazingly strong.  And the latest ISM sentiment data paint a picture of an… Read more »

International Economic Week in Review: Australia and Japan Are Doing Fine

            The RBA kept Australian rates at 1.5%.  The bank’s policy announcement contained a standard overview of the Australian economy.  Let’s start with any central banks first focus: inflation: Source: XE news feed International Economic Week in Review: Australia and Japan Are Doing Fine

Smorgasbord of topics among info-packed Beef 2018 seminars program

Genetics, marketing, animal welfare, ag-tech and sustainability are among a smorgasboard of topics scheduled to be covered in an information-packed five-day seminar program at Beef Australia 2018 in Rockhampton, Central Qld in May. The post Smorgasbord of topics among info-packed Beef 2018 seminars program appeared first on Beef Central. Source: Beef Central Smorgasbord of… Read more »

Meet the Singaporean businessman transforming the Pilbara

When Pardoo Station in Western Australia’s Pilbara changed hands two years ago, few could imagine the radical change the new owner had planned. Millions of dollars have been spent tapping into a “hidden underground” water supply to transform the arid country into a series of lush, green oases. Source: ABC Livestock Meet the Singaporean… Read more »

Weekly Indicators: long leading forecast just barely above neutral edition

February data included a very strong jobs report, with the only weak spot remaining tepid wage growth. ISM services was also strongly positive. January factory orders declined, and wholesale sales declined, while inventories rose, meaning the inventory to sales ratio also rose, a negative. Source: XE news feed Weekly Indicators: long leading forecast just… Read more »

Young cattle prices lift 20c/kg or better on AuctionsPlus

There was a solid upwards price trend in all young cattle sold on AuctionsPlus this week – particularly heifers, where prices jumped around 20c/kg on average. This came despite larger offerings in many young cattle categories. The post Young cattle prices lift 20c/kg or better on AuctionsPlus appeared first on Beef Central. Source: Beef… Read more »

Brazilian beef genetics expert spends year at UQ on indicus genomics project

Noted Brazilian animal breeding and genetics scientist Dr Roberto Carvalheiro is spending his sabbatical year at the University of Queensland, engaged in a project aiming to identify genomic regions of Bos Indicus cattle associated with sensitivity to environmental variation. The post Brazilian beef genetics expert spends year at UQ on indicus genomics project appeared first on Beef… Read more »

XE Market Analysis: Asia – Mar 09, 2018

The dollar rallied marginally after the better than expected February employment report, though gains didn’t last. The DXY briefly crossed above its 50-day moving average at 90.25, topping at seven-session highs of 90.35, though quickly gave the level back, later bottoming at 90.00. After basing at 1.2273, EUR-USD rallied to 1.2334 highs. USD-JPY slipped from… Read more »

XE Market Analysis: US Job Growth Surges as Wage Growth Disappoints

OVERVIEW Non-farm payrolls surge at its fastest pace in 1.5 years. UK industrial output rises at a solid pace in January. German industrial production falls for a second consecutive month. Canadian job growth missed expectations, and wage growth decelerated. HIGHLIGHT The US employment report showed the economy added 313,000 jobs last month, the largest gain… Read more »

Opinion: Benchmarking against global gene pools best strategy for beef seedstock

Angus Australia’s Dr Peter Parnell responds to last week’s article on lamb seedstock producer Tom Bull’s views about the beef seedstock industry. He argues that the availability of across-breed EBVs would not necessarily change breeding decisions made by commercial beef producers or impact rates of genetic progress. The post Opinion: Benchmarking against global gene pools… Read more »

Beef Central beef news briefs

2.7 tonnes of stolen meat ‘stuffed into’ hatchback; Mock meat brand hits Woolworths shelves; AgForce slams Qld Govt for delaying agreed stock route reforms; NSW farmers urges members not to sign inland rail access agreements The post Beef Central beef news briefs appeared first on Beef Central. Source: Beef Central Beef Central beef news… Read more »

February beef exports lift to 85,845t

Underpinned by hot, dry conditions which pushed more slaughter cattle to market, Australia’s February beef exports to all destinations were higher than expected, reaching 85,845t. The post February beef exports lift to 85,845t appeared first on Beef Central. Source: Beef Central February beef exports lift to 85,845t

XE Market Analysis: North America – Mar 09, 2018

The euro drifted lower into the European PM session, trading at four-day lows versus the dollar and sterling, one-week lows against the Australian and Canadian dollars, and reversing some of the gains seen versus the yen the during the Tokyo session. EUR-USD clocked a low at 1.2290, extending losses that were seen late yesterday as… Read more »

XE Market Analysis: Europe – Mar 09, 2018

Yen weakness has been the main show in town, with most other currency pairings holding narrow ranges. The Japanese currency was showing a 0.5% decline versus the dollar, euro and Australian dollar heading into the London interbank open. USD-JPY rallied to an eight-day high of 106.94, up over 60 pips from yesterday’s New York closing… Read more »

Trump's tariffs will have little impact on Australia

Imposing duties on Australian steel exported to the US will impact less on the Aussie economy than a tariff on, say, beef or alcohol would have, and besides a former president tried this once already — unsuccessfully, writes Tony Makin. Source: ABC Beef Cattle Trump’s tariffs will have little impact on Australia

Steakhouses without chairs: a booming trend in Japan

Steakhouses are booming in Japan but one chain has added a clever twist that caters superbly to the country’s famous lunch time rush. The post Steakhouses without chairs: a booming trend in Japan appeared first on Beef Central. Source: Beef Central Steakhouses without chairs: a booming trend in Japan

Sheep and goat meat tariffs eliminated by CPTPP trade agreement

SHEEP and goat meat tariffs into Canada and Mexico will be eliminated under the Comprehensive and Progressive Trans-Pacific Partnership agreement signed in Chile today. The post Sheep and goat meat tariffs eliminated by CPTPP trade agreement appeared first on Sheep Central. Source: Sheep Central Sheep and goat meat tariffs eliminated by CPTPP trade agreement

Beef trade wins in ratified TPP regional trade agreement

The signing overnight by 11 member countries of the Trans-Pacific Partnership agreement (coined TPP-11) in Chile has locked in a series of trade access benefits for Australian beef. The post Beef trade wins in ratified TPP regional trade agreement appeared first on Beef Central. Source: Beef Central Beef trade wins in ratified TPP regional… Read more »

Red Centre rainfall a relief after dry desert summer

It has been a long, dry summer in the Red Centre so pastoralists are welcoming long overdue ran that has soaked the ground this week. Source: ABC Livestock Red Centre rainfall a relief after dry desert summer

Water theft accusations to be tested in court

The National Irrigators Council (NIC) has welcomed action taken by the NSW Government to take accusations of water theft against two Northern Basin irrigators to court. The post Water theft accusations to be tested in court appeared first on Grain Central. Source: Grain Central Water theft accusations to be tested in court

Wool buyers discount lower quality Merino lines as crossbreds lift

MERINO wool buyers increased discounts for lower quality wool at auctions this week, and with fewer clips of preferred length, strength and vegetable matter content available, the market’s benchmark indicator fell. The post Wool buyers discount lower quality Merino lines as crossbreds lift appeared first on Sheep Central. Source: Sheep Central Wool buyers discount… Read more »

XE Market Analysis: Euro Dips as Draghi Maintains a Cautious Outlook For Inflation

OVERVIEW Investor sentiment improves as Trump signals tariffs are unlikely to be imposed on “real friends”.  CAD boosted by easing of trade fears and housing data. GBP weighed down by weak housing data and Brexit headlines. German industrial orders slump in January on weaker foreign demand.  Chinese exports surge at the fastest pace in three… Read more »

XE Market Analysis: Asia – Mar 08, 2018

The dollar perked up some in N.Y. trade on Thursday, taking the DXY to four-session highs of 90.18. Gains were led by EUR-USD losses, which touched 1.2303 lows, down from 1.2446, which was seen after the ECB announcement, which changed guidance language, but remained dovish overall. USD-JPY was stick in a narrow range ahead of… Read more »

Connectivity and confidence needed for farm IT adoption

BETTER internet connectivity and targeted education to demystify the digital world are desperately needed to give farmers the confidence to join the on-farm automation revolution. The post Connectivity and confidence needed for farm IT adoption appeared first on Sheep Central. Source: Sheep Central Connectivity and confidence needed for farm IT adoption

Lifetime Merino project update at Temora next week

WOOL, carcase and fertility traits in Merinos will be under the spotlight at a Merinolink Merino Lifetime Productivity Project field day at Temora next week. The post Lifetime Merino project update at Temora next week appeared first on Sheep Central. Source: Sheep Central Lifetime Merino project update at Temora next week

Forward wool trades scarce as market volatility continues

THE wool auction market continued to realign and confirm buyers concerns last week of a price correction. The post Forward wool trades scarce as market volatility continues appeared first on Sheep Central. Source: Sheep Central Forward wool trades scarce as market volatility continues

The cattle station tragedy that helped the RFDS to fly 90 years ago

How a tragedy involving a little-known outback stockman in 1917 helped to inspire the creation of one of the world’s most important and cherished rural medical services. The post The cattle station tragedy that helped the RFDS to fly 90 years ago appeared first on Beef Central. Source: Beef Central The cattle station tragedy… Read more »

Cattle station owner charged over worker’s death

A Sydney-based agricultural company has been charged as the result of the death of one of its employees in the Barkly Tableland region in 2016. The post Cattle station owner charged over worker’s death appeared first on Beef Central. Source: Beef Central Cattle station owner charged over worker’s death

Confidence/connectivity constraints hold back farm IT adoption

Better internet connectivity and a targeted education process that demystifies the digital world are desperately needed to give farmers the confidence to fire up the on-farm automation revolution. The post Confidence/connectivity constraints hold back farm IT adoption appeared first on Beef Central. Source: Beef Central Confidence/connectivity constraints hold back farm IT adoption

XE Market Analysis: North America – Mar 08, 2018

The dollar majors lacked direction into the ECB policy announcement. USD-JPY has remained within yesterday’s range so far today, posting a range so far of 105.89-106.20. EUR-USD has settled to the upper 1.2380s, trading softer today after rallying in the five previous sessions, yesterday leaving a 19-day high at 1.2446. EUR-JPY and the euro crosses… Read more »

Dubbo sale 8 Mar: Feeder heifers rise 10-20c as northern buyers return

The stronger markets throughout the week kept the numbers rolling in at Dubbo today, with numbers lifting by 535 for a total of 5660. Feeder heifers were 10-20c/kg dearer due to the extra competition from the north, where big rain has fallen. The post Dubbo sale 8 Mar: Feeder heifers rise 10-20c as northern buyers… Read more »

XE Market Analysis: Europe – Mar 08, 2018

The dollar majors have settled to consolidation into the ECB announcement and as market participants continue to monitor the evolution of Trump’s tariffs, which will reportedly be signed off on today, and become effective in two weeks time, but which will include temporary exceptions on Mexico and Canada (subject to how the Trump administration deems… Read more »

Grass fever takes hold, as young cattle values surge after rain

Grass fever has set-in across the QLD and northern NSW store cattle market, as the full impact of the recent rain event starts to take hold. Store cattle sales at Roma on Tuesday and Dalby yesterday lit-up, as early-responders reacted to the recent welcome moisture. The post Grass fever takes hold, as young cattle values… Read more »

Industry representation needs radical re-think, Teys urges

A radical re-think of industry representation structures was proposed by a meat processing stakeholder presenting an address at the ABARES Outlook conference in Canberra yesterday. Teys Australia’a Tom Maguire called for a distinctly new model for industry representation, based on customer focus, and zoning-in on a few, big issues for impact. The post Industry representation… Read more »

NFF launches new mentoring program on International Women’s Day

THE National Farmers Federation is celebrating International Women’s Day with the launched of the mentoring initiative — Diversity in Agriculture Leadership Program – promoting it as a new pathway to leadership for women in agriculture. The post NFF launches new mentoring program on International Women’s Day appeared first on Sheep Central. Source: Sheep Central … Read more »

Energy top priority for new ag manufacturing alliance

Energy has been named as a top priority by the newly formed Australian Agricultural Manufacturers’ Alliance (AAMA), which represents a brace of animal-product, fibre and grain-processing organisations looking for a lobbying voice. The post Energy top priority for new ag manufacturing alliance appeared first on Grain Central. Source: Grain Central Energy top priority for… Read more »

Is progress being made in adoption of ACCC’s meat inquiry recommendations?

It has been 12 months since the ACCC completed its Cattle and Beef Market Study and released a report with 15 recommendations for the red meat industry to address market competition issues. While ACCC claims rate of adoption has been ‘disappointing,’ industry suggests 12 of the 15 items have been progressed. The post Is progress… Read more »

Six cows killed by lightning strike 'blown into the fence'

A south-east Queensland cattle producer counts the cost of the recent wet weather, after six of his cows are killed by lightning strike. Source: ABC Beef Cattle Six cows killed by lightning strike ‘blown into the fence’

Rain records tumble as Queensland's big wet continues

Pouring rain has smashed daily records as it saturated Queensland’s north and west over the past week, cutting roads but bringing some much needed relief. And it’s not over yet. Source: ABC Livestock Rain records tumble as Queensland’s big wet continues

XE Market Analysis: Asia – Mar 07, 2018

The DXY bounced modestly from pre-open lows, aided early on by a better than expected ADP employment report. The dollar index topped at 89.77 from lows of 89.53. The departure of Trump advisor Cohn stirred markets up, reulting in lower stocks and lower yields. EUR-USD slipped from 1.2424 highs to 1.2383, before settling near 1.2400…. Read more »

Dalby Sale 7 March: Strong demand from local restockers

Yesterday’s Dalby market was much stronger, with weaner steers and heifers meeting keen demand mainly from local restockers. Steer weaners sold to 382c to average 346c, while restocker weaner heifers topped at 340c to average 306c/kg. The post Dalby Sale 7 March: Strong demand from local restockers appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: North America – Mar 07, 2018

The yen rallied on a safe haven bid following the resignation of Gary Cohn, the head of the National Economic Council, a hitherto key figure in Trump’s administration over what many White House watchers say is over Trump’s sudden push toward trade protectionism. The news broke after the Wall Street close yesterday, and has sent… Read more »

XE Market Analysis: Europe – Mar 07, 2018

The yen has rallied on a safe haven bid following the resignation of Gary Cohn, the head of the National Economic Council, which many onlookers are taking as effectively signalling that the Trump administration will go the distance in trade protectionism. Asian equity markets declined and S&P 500 futures have posted rare 1%-plus loss in… Read more »

Weekly Property Review: Stakeholders say new FIRB rules compromise privacy and land prices

This week’s review completes a two-part series on the impact of the recent FIRB rules about advertising rural properties to the market before any sale to overseas interests. This week, stakeholders talk about the requirement’s impact on privacy and property values. The post Weekly Property Review: Stakeholders say new FIRB rules compromise privacy and land… Read more »

HTW’s take on the 2018 Qld/NT property market

Rural property trends that emerged during 2017 are likely to continue this year, a large property industry stakeholder gathering was told in Brisbane last week. Over the past 18 years, the overall trend in value growth for broadacre property across Australia has been 6.6pc. The post HTW’s take on the 2018 Qld/NT property market appeared… Read more »

Why Coles, Woolworths are moving away from the 'supermarket price wars'

In 2011, Coles fired the first shot. But now the supermarket has waved the white flag, indicating a move away from price-based marketing, write Gary Mortimer and Louise Grimmer. Source: ABC Grain Why Coles, Woolworths are moving away from the ‘supermarket price wars’

WoolProducers questions independence of AWI co-funded review

AUSTRALIAN Wool Innovation will co-fund the Federal Government’s so-called independent review into the levy-funded body’s performance and governance, raising new concerns about the inquiry’s independence and intent. The post WoolProducers questions independence of AWI co-funded review appeared first on Sheep Central. Source: Sheep Central WoolProducers questions independence of AWI co-funded review

AWI’s WoolQ e-Speci to go live next week despite broker criticism

AUSTRALIAN Wool Innovation’s wool exchange portal or WoolQ will go live with the launch of its eSpeci module next week, despite renewed criticism from the nation’s peak wool broker body. The post AWI’s WoolQ e-Speci to go live next week despite broker criticism appeared first on Sheep Central. Source: Sheep Central AWI’s WoolQ e-Speci… Read more »

Low and slow: How American-style BBQ competitions have fired-up in Australia

Barbecuing meat might be as old as fire itself but it has become one of the newer trends in competitive cooking in Australia in recent years, Beef Central’s James Nason discovered. The post Low and slow: How American-style BBQ competitions have fired-up in Australia appeared first on Beef Central. Source: Beef Central Low and… Read more »

Macquarie’s Viridis Ag buys first farm

Macquarie’s Viridis Ag has kicked off its investment portfolio by purchasing The Grange at Dongara, south of Geraldton in Western Australia. The post Macquarie’s Viridis Ag buys first farm appeared first on Grain Central. Source: Grain Central Macquarie’s Viridis Ag buys first farm

American consumers will pay more for top quality Australian lamb

AMERICAN consumers are prepared to pay more for premium quality Australian lamb loins, prime lamb producers have been told. The post American consumers will pay more for top quality Australian lamb appeared first on Sheep Central. Source: Sheep Central American consumers will pay more for top quality Australian lamb

XE Market Analysis: Risk Appetite Boosted by Korea Talks

OVERVIEW Stock markets rally and the US Dollar weakens as North and South Korea agree to direct talks. New Zealand, Australian, and Canadian Dollars lead the gains. EUR trading higher with a little catalyst. GBP mixed despite slightly better consumer spending.  SEK falls after central bank governor warns on raising rates. HIGHLIGHT Source: XE… Read more »

XE Market Analysis: Asia – Mar 06, 2018

The dollar was relatively steady in N.Y. trade on Tuesday, though USD-JPY got a boost ahead of the open on reports the North Korea would consider denuclearizing, if the regine;s safety were guaranteed. USD-JPY popped to 106.43 highs from 105.85. EUR-USD was range bound between 1.2385 and 1.2420. USD-CAD sold off early on hopes for… Read more »

MSA lamb offers premium price potential for NSW lamb producer

MEAT Standard Australia is a natural fit for sheep meat producers wanting to maximise the returns from premium eating quality in lamb, according to New South Wales producer Robert Armstrong. The post MSA lamb offers premium price potential for NSW lamb producer appeared first on Sheep Central. Source: Sheep Central MSA lamb offers premium… Read more »

Brazil’s food safety scandal reignites

Brazil’s ‘Weak Flesh’ food safety crisis has reignited this week, with news services yesterday reporting arrests of former senior executives of one of the country’s largest meat processors, and raids on food safety inspection laboratories. The post Brazil’s food safety scandal reignites appeared first on Beef Central. Source: Beef Central Brazil’s food safety scandal… Read more »

LambEx 2018 speaker to urge building trust with consumers

LIVESTOCK producers will be urged to recognise the importance of building trust with consumers through shared values by internationally recognised consumer trust expert Charlie Arnot at LambEx 2018. The post LambEx 2018 speaker to urge building trust with consumers appeared first on Sheep Central. Source: Sheep Central LambEx 2018 speaker to urge building trust… Read more »

Successful organic beef producer to speak at Beef 2018 Ladies’ Lunch

With equal numbers of men and women entering the beef industry, it’s exciting to see companies implementing flexible practices to help ensure this ratio continues into senior management. That’s the view of OBE Beef’s Dalene Wray, who will be guest speaker at this year’s Beef 2018 Ladies Luncheon in Rockhampton in May. The post Successful… Read more »

Weekly rainfall wrap + 14 day outlook, 7 Mar 2018

Broad low pressure troughs extended across northern Australia, generating thunderstorms and moderate falls. A deep low pressure system over Queensland’s northwest produced moderate to heavy rainfall in northern Queensland, with record high rainfall at some locations. The post Weekly rainfall wrap + 14 day outlook, 7 Mar 2018 appeared first on Sheep Central. Source:… Read more »

Roma sale 6 Mar 2018: Stronger market with backgrounders plentiful

All buyers were operating in stronger market with improved prices of up to 30c/kg in places. The post Roma sale 6 Mar 2018: Stronger market with backgrounders plentiful appeared first on Beef Central. Source: Beef Central Roma sale 6 Mar 2018: Stronger market with backgrounders plentiful

XE Market Analysis: North America – Mar 06, 2018

EUR-USD has traded on either side of 1.2350 today, holding below the 13-day high seen yesterday at 1.2365. Markets are still monitoring the evolution of Trump’s tariff proposals, which have met strong public opposition from senior Republicans, the WTO and allies, among others. The yen has posted moderate gains versus the dollar and euro, among… Read more »