Month: May 2018

Dame Quentin gets Ilfracombe, women into the conversation

Former Governor general Dame Quentin Bryce has visited 55 countries, and her husband is sure that in every one, she has mentioned the small country town where she grew up, a Beef 2018 audience heard. The post Dame Quentin gets Ilfracombe, women into the conversation appeared first on Beef Central. Source: Beef Central Dame… Read more »

XE Market Analysis: North America – May 31, 2018

The dollar has traded softer against most currencies while holding near net unchanged versus the yen. EUR-USD carved out a fresh rebound peak of 1.1724, extending the lift-out of the 10-month low that was seen at 1.1510 on Tuesday. A spike in Eurozone HICP to 1.9% y/y from 1.4% gave the euro some vim, while… Read more »

XE Market Analysis: Europe – May 31, 2018

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday’s selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. The dollar has also given back some of the recent gains seen against… Read more »

Cheaper feeder steer prices push 100-day grainfed trading budget closer to profit

Despite the considerable head-winds caused by record-high feedgrain prices at present, the outcome in Beef Central’s latest 100-day grainfed trading budget calculated this morning shows a substantial improvement over the past month. Based on our standard set of variables, we’ve calculated a loss of $31 on a flatback feeder steer entering a typical Darling Downs… Read more »

Big tariff disparity exposed in two-way beef trade between Australia and Japan

One of the outcomes from yesterday’s announcement that Japan has received approval to export beef to Australia is that it exposes an enormous disparity in trade tariffs between the two countries. The post Big tariff disparity exposed in two-way beef trade between Australia and Japan appeared first on Beef Central. Source: Beef Central Big… Read more »

Industry fears quad bike changes could be dangerous

ATV manufacturers, dealers and farmers are uniting to fight proposed engineering changes to quad bikes, fearing they could do more harm than good. The post Industry fears quad bike changes could be dangerous appeared first on Beef Central. Source: Beef Central Industry fears quad bike changes could be dangerous

Seasonal climate outlook Jun-Aug 2018

Winter days and nights are likely to be warmer than average for most of Australia, except parts of the far north. Warm winter days are very likely in the southeast, with chances greater than 80% over NSW, Victoria, Tasmania and eastern SA. The post Seasonal climate outlook Jun-Aug 2018 appeared first on Sheep Central. … Read more »

XE Market Analysis: Asia – May 30, 2018

The dollar traded broadly lower in N.Y. on Wednesday, taking the DXY to 94.04 after printing near seven-month highs of 95.03 on Tuesday. Calming of political tensions in Italy allowed the euro to rally, taking EUR-USD to 1.1676 highs. USD-JPY traded briefly over 109.00 on the surge on Wall Street, though later eased back to… Read more »

Dalby Sale 30 May 2018: Prices ease for most classes

Prices eased across most classes with light weight yearling steers returning to the paddock averaging 8c/kg cheaper. The post Dalby Sale 30 May 2018: Prices ease for most classes appeared first on Beef Central. Source: Beef Central Dalby Sale 30 May 2018: Prices ease for most classes

XE Market Analysis: North America – May 30, 2018

The euro has firmed up on a combo of perky data out of the Eurozone and amid a calming in Italian markets today. The common currency rose by over an average 0.5% gain versus the dollar and yen, with EUR-USD printing a high so far of 1.1624, which is over a big figure up on… Read more »

Australia’s wool price benchmark breaks 2000-cent barrier for first time

AUSTRALIA’S wool price benchmark rose above 2000 cents for the first time today, as strong competition on most fleece categories amid supply concerns pushed the Eastern Market Indicator up 28 cents to 2011c/kg clean. The post Australia’s wool price benchmark breaks 2000-cent barrier for first time appeared first on Sheep Central. Source: Sheep Central … Read more »

Movement at the Station: Recent properties sold

Sustainable Agriculture Fund’s aggregation makes $185m | $9m for Nowendoc’s Two Mile | Pre-auction offer secures Verastan | $15.7m secures Comanche for RFS group | +$8m buys Roma’s Stratton The post Movement at the Station: Recent properties sold appeared first on Beef Central. Source: Beef Central Movement at the Station: Recent properties sold

Movement at the Station: Properties listed for sale

Croydon’s Coralie Station can carry 5000 breeders | Blackall’s Selvister & Linden and Fairlea offered for the first time in 100 years | Versatile The Patrick can run 3000 backgrounders | Strong pre-sale interest in Brackenburgh | Binnaway abattoir ideal for vertical integration The post Movement at the Station: Properties listed for sale appeared first… Read more »

Wool Week Australia celebrations in full swing + VIDEO

WOOL growers, fashion designers, retailers and consumers are uniting to celebrate the Woolmark Company’s Wool Week Australia until June 3. The post Wool Week Australia celebrations in full swing + VIDEO appeared first on Sheep Central. Source: Sheep Central Wool Week Australia celebrations in full swing + VIDEO

XE Market Analysis: Europe – May 30, 2018

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday’s selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. The dollar has also given back some of the recent gains seen against… Read more »

Prominent Wagyu breeder secures Riverina’s Haino Park

It’s been revealed that prominent Victoria Wagyu breeder and supply chain manager David Blackmore and family are the new owners of the Haino Park feedlot situated near Finlay in the heart of southern NSW’s Riverina. The post Prominent Wagyu breeder secures Riverina’s Haino Park appeared first on Beef Central. Source: Beef Central Prominent Wagyu… Read more »

Japan secures beef access to Australian market: What are the implications?

Japan has confirmed overnight that it has regained access to the Australian market for chilled and frozen beef, lifting a 17-year ban imposed when the country succumbed to BSE in its domestic beef herd in 2001. The development is a significant milestone in the Australian meat industry, as it is the first time in at… Read more »

Calls for AWI termination and change among supportive wool grower views

A CALL for Australian Wool Innovation to be terminated and the compulsory wool levy to cease is among the more sensational grower submissions to the latest performance and governance review of the research, development and marketing body. The post Calls for AWI termination and change among supportive wool grower views appeared first on Sheep Central. … Read more »

Littleproud bats for live sheep exports as Labor seeks Inspector-General

THE Australian Government’s continued support for the live sheep export trade has been highlighted by a comprehensive ’fact check’ statement by Minister for Agriculture and Water Resources David Littleproud today. The post Littleproud bats for live sheep exports as Labor seeks Inspector-General appeared first on Sheep Central. Source: Sheep Central Littleproud bats for live… Read more »

Which production issues affect your cattle? Abattoir surveillance means you could soon know

Various endemic diseases and parasites cost Australian cattle producers millions of dollars a year in lost production, but these losses are not always readily apparent to affected producers. The post Which production issues affect your cattle? Abattoir surveillance means you could soon know appeared first on Beef Central. Source: Beef Central Which production issues… Read more »

Cattle price trends: Has industry structural change created a more vulnerable market for light feeders?

Has encroachment of Wagyu feeding operations in the Australian grainfed industry exposed the broader beef industry to greater vulnerability during dry times? Analyst Simon Quilty believes there has been a structural change in the feedlot industry in Australia since the last time drought was experienced, which has led to a more vulnerable period for light… Read more »

Women of Lot Feeding enjoy another ‘Beef, Bling and Bow-ties’ success + PICTURES

Lotfeeding industry stakeholder Hayley Robinson delivered an inspiring address as part of the Women in Lot Feeding annual social event held at Jondaryan Woolshed on Saturday night. The post Women of Lot Feeding enjoy another ‘Beef, Bling and Bow-ties’ success + PICTURES appeared first on Beef Central. Source: Beef Central Women of Lot Feeding… Read more »

Plummeting pork price parks $21 million piggery plans

Pork prices at a decade low have forced Western Australia’s largest pig producer, Westpork, to shelve its plans for a $21 million, 68,000-head piggery near Moora, north of Perth. Source: ABC Livestock Plummeting pork price parks million piggery plans

Simple DNA horn-poll blood test is good for Merinos and workers

UPTAKE of a horn-poll DNA test for Merino rams has boosted industry-wide farmer health and safety and animal welfare, according to the Sheep CRC. The post Simple DNA horn-poll blood test is good for Merinos and workers appeared first on Sheep Central. Source: Sheep Central Simple DNA horn-poll blood test is good for Merinos… Read more »

XE Market Analysis: Asia – May 29, 2018

The DXY pulled back from its nearly seven-month high of 95.01 in N.Y. trade on Tuesday, easing into 94.65 lows before reclaiming the 94.80 level. Incoming U.S. data was dollar-neutral overall, and softness was attributed to a round of profit taking. EUR-USD recovered from opening lows of 1.1535, topping at 1.1389 at mid-morning. USD-JPY meanwhile,… Read more »

National Merinolink project aims to double flock genetic gain rate

DOUBLING the rate of genetic gain in Merino flocks by 2022 is the aim of a sheep industry project underway in NSW, Victoria and Western Australia. The post National Merinolink project aims to double flock genetic gain rate appeared first on Sheep Central. Source: Sheep Central National Merinolink project aims to double flock genetic… Read more »

Weekly rainfall wrap + 14 day rain outlook, May 30 2018

A strong cold front tracked across southern Australia, generating moderate falls along the west coast and parts of southeastern Australia. Moist, onshore airflow produced moderate falls along parts of the exposed east coast of Queensland and northeastern New South Wales. The post Weekly rainfall wrap + 14 day rain outlook, May 30 2018 appeared first… Read more »

Live export stockperson course can lead to a management role

LIVECORP will hold its next shipboard stockpersons’ training course in Fremantle on July 3-6. The post Live export stockperson course can lead to a management role appeared first on Sheep Central. Source: Sheep Central Live export stockperson course can lead to a management role

Increased vigilance urged for Commodity Vendor Decs during the dry

As dry conditions bite in many regions across the country, livestock producers who are buying in fodder and grain are being reminded to make sure bought feedstuffs come with a Commodity Vendor Declaration wherever possible. The post Increased vigilance urged for Commodity Vendor Decs during the dry appeared first on Beef Central. Source: Beef… Read more »

Roma store 29 May 2018: Restocker interest in steer calves

Despite the dry seasonal outlook across most districts, drought affected steer calves continued to receive strong support from restockers. While most other classes of yearling steers and heifers sold to within a few cents either way of the previous sale. The post Roma store 29 May 2018: Restocker interest in steer calves appeared first on… Read more »

XE Market Analysis: Political Nightmares Pile on the Euro and Kronas

OVERVIEW The Greenback moves to a 6-month high against G-10 currencies. The Euro drags the Swedish Krona down 1.40% as politics weigh on risk-sensitive currency. Euro records its lowest level since July last year. Barrel of oil futures continues to roll downwards, down 93 cents to $66.95. HIGHLIGHT Source: XE news feed XE Market… Read more »

XE Market Analysis: North America – May 29, 2018

The euro’s slide stepped up to a vertiginous plummet as the Italian political situation went from bad to worse, posing a long-term existential threat to the Eurozone. As the common currency underperformed, the yen outperformed as market participants ran for safe havens. EUR-JPY fell by about 1.5% in logging an 11-month low at 125.05 before… Read more »

XE Market Analysis: Europe – May 29, 2018

The euro has remained under the cosh, posting fresh lows six-and-a-half-month and 11-month lows versus the dollar and yen as the London interbank market joins the fray following a long weekend in the UK. The other main theme being seen is yen outperformance, which has enrichened the draw of the Japanese currency as a safe… Read more »

Weekly kill: Throughput remains close to season-high levels

Rates of slaughter across eastern Australian remained close to season-highs last week, as cattle flow forced by dry weather continues. While Saturday kills were staged at some large Qldsheds again last weekend, reflecting the current strong flow of cattle caused by the weather, northern processors remain fairly current, with adequate bookings evident for next week,… Read more »

BlockGrain roadshow generates interest in software and tokens

Agrichain hopes BlockGrain will become the largest industry-wide platform for managing the agricultural supply chain, using block chain to enable growers, brokers, trucking companies, buyers and others entitled to access to view documents immediately and simultaneously, instead of having to wait weeks for paperwork to arrive, and enabling invoicing as soon as loads are delivered…. Read more »

Leucaena fed cattle feature prominently in commercial championships

The prominence of Leucaena fed cattle among the champion grassfed pens was a notable trend from the commercial cattle championships held in conjunction with Beef 2018 in Rockhampton earlier this month. The post Leucaena fed cattle feature prominently in commercial championships appeared first on Beef Central. Source: Beef Central Leucaena fed cattle feature prominently… Read more »

NZ orders mass 126,000 head cattle cull

The New Zealand government has announced 126,000 beef and dairy cattle will be culled in the next two years in a bid to eradicate the bovine disease Mycoplasma bovis from the country. The post NZ orders mass 126,000 head cattle cull appeared first on Beef Central. Source: Beef Central NZ orders mass 126,000 head… Read more »

Wild dogs take toll on stock, mental health

Wool producers in Victoria are crying out for government action amid what they say is an increase in wild dog attacks. Source: ABC Livestock Wild dogs take toll on stock, mental health

XE Market Analysis: Italian Political Salsa Sours the Euro

OVERVIEW The Euro trading near a fresh 6-month low as politics generates more uncertainty. Oil futures continue to slip lower. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT Source: XE news feed XE Market Analysis: Italian Political Salsa Sours the Euro

Wagga 28 May 2018: Store categories regain ground

Store cattle categories were anything from dearer 7c higher to 40c after last week’s cheaper trend of 30-50c/g.  Agents said the market was somewhat unsettled however buyers seemed to have found a base rate for young weaners. The post Wagga 28 May 2018: Store categories regain ground appeared first on Beef Central. Source: Beef… Read more »

XE Market Analysis: North America – May 28, 2018

The dollar has traded mixed in thin markets, early week trading. Both U.S. and London markets are closed today. Oil prices continued to descend, while Italy remained in the spotlight. EUR-USD initially rallied, logging a high of 1.1728 before returning to near net unchanged levels near 1.1650. The euro came back under pressure after initially… Read more »

XE Market Analysis: Europe – May 28, 2018

The euro has firmed up on news that Italian populist parties have dropped there bid to form a government due to the president’s block on the nomination of a Eurosceptic finance minister. EUR-USD lifted to a high of 1.1728, recouping to near last Thursday’s highs after subsequently posting a six-and-a-half-month low at 1.1645. EUR-CHF is… Read more »

New Zealand to slaughter 150,000 cows to eradicate bacteria

Prime Minister Jacinda Ardern announces the mass cull as the country tries to eradicate a strain of disease-causing bacteria. Source: ABC Livestock New Zealand to slaughter 150,000 cows to eradicate bacteria

Hundreds of sheep killed and farming land destroyed in WA blaze

Farmers on Western Australia’s south coast are still coming to terms with the extent of loss after devastating bushfires tore through the region last week. Source: ABC Livestock Hundreds of sheep killed and farming land destroyed in WA blaze

CPC delivers strong $15.8m profit, $34.3m pre-tax earnings for 2017-18 year

Consolidated Pastoral Co overnight delivered a strong set of financials for its 2017-18 trading year ended 31 March – in sharp contrast with AA Co’s results issued last week. The post CPC delivers strong $15.8m profit, $34.3m pre-tax earnings for 2017-18 year appeared first on Beef Central. Source: Beef Central CPC delivers strong .8m… Read more »

Littleproud withholds live sheep export details from WA Government

FEDERAL Agriculture Minister David Littleproud has confirmed he did not supply information on the controversial Awassi Express live sheep shipment to the Middle East last year requested by the Western Australian Government. The post Littleproud withholds live sheep export details from WA Government appeared first on Sheep Central. Source: Sheep Central Littleproud withholds live… Read more »

Offal-loving celebrity chef enlisted for first joint Victorian beef-sheep dinner

MEAT and offal-loving celebrity chef Adrian Richardson has been enlisted to liven up the first joint BestWool/BestLamb and BetterBeef conference dinner in Bendigo next month. The post Offal-loving celebrity chef enlisted for first joint Victorian beef-sheep dinner appeared first on Sheep Central. Source: Sheep Central Offal-loving celebrity chef enlisted for first joint Victorian beef-sheep… Read more »

SunRice moves to list on Australian Securities Exchange

SunRice today announced plans to move the listing of its B Class Shares from the National Stock Exchange (NSX) to the Australian Securities Exchange (ASX) to improve access to external capital and support the company’s growth strategy. The post SunRice moves to list on Australian Securities Exchange appeared first on Grain Central. Source: Grain… Read more »

Horwood Bagshaw tillage equipment absorbed into CNH

CNH Industrial, the manufacturer and distributor of specialist seeding equipment brand Flexi-Coil, has integrated the Australian agricultural equipment manufacturer, Horwood Bagshaw, into its portfolio. The post Horwood Bagshaw tillage equipment absorbed into CNH appeared first on Grain Central. Source: Grain Central Horwood Bagshaw tillage equipment absorbed into CNH

Farmers’ workplace injury needs are being ignored, Victorian study finds

FARMERS should have access to tailored rehabilitation programs after serious workplace injuries, a first-of-its-kind study from Deakin University which has found their unique needs are being ignored. The post Farmers’ workplace injury needs are being ignored, Victorian study finds appeared first on Sheep Central. Source: Sheep Central Farmers’ workplace injury needs are being ignored,… Read more »

Genetics, wool and non-mulesing management to feature at Merinolink day

GENETIC technology, the wool value chain and non-mulesing management techniques will be all under the spotlight when growers from across the nation gather for the MerinoLink conference on June 20. The post Genetics, wool and non-mulesing management to feature at Merinolink day appeared first on Sheep Central. Source: Sheep Central Genetics, wool and non-mulesing… Read more »

Merino wether and lamb turn-off continues to retain ewe flock

DEMAND for Merino wethers and lambs held firm online last week as producers across New South Wales and Queensland continued to sell off surplus stock to focus on retaining ewes in the dry conditions. The post Merino wether and lamb turn-off continues to retain ewe flock appeared first on Sheep Central. Source: Sheep Central … Read more »

A six-week rest from grazing is best for lucerne, VIC trials find

LUCERNE likes a six-week rest from grazing, Victorian researchers have found in trials at Hamilton and Rutherglen. The post A six-week rest from grazing is best for lucerne, VIC trials find appeared first on Sheep Central. Source: Sheep Central A six-week rest from grazing is best for lucerne, VIC trials find

Where does Australia stand on ‘fake meat’? RMAC to discuss in June

The US cattle industry wants meat to be defined to prevent products not derived from harvested livestock from being marketed as meat, and France has passed similar legislation. Where does Australia’s red meat industry stand on the issue? The post Where does Australia stand on ‘fake meat’? RMAC to discuss in June appeared first on… Read more »

Northern NSW cattle deaths prompt tick fever warning

The deaths of 70 cattle in NSW as a result of tick fever have prompted Local Land Services veterinarians to issue reminders about the need for effective farm biosecurity.  The post Northern NSW cattle deaths prompt tick fever warning appeared first on Beef Central. Source: Beef Central Northern NSW cattle deaths prompt tick fever… Read more »

Seven State finalists in running for National Agrifutures Rural Womens Award

Seven state and territory winners will gather at Parliament House in Canberra on October 2015 for the announcement of the 2018 AgriFutures Rural Women’s National Award. The post Seven State finalists in running for National Agrifutures Rural Womens Award appeared first on Beef Central. Source: Beef Central Seven State finalists in running for National Agrifutures… Read more »

Celebrity chef heads for Bendigo’s BetterBeef conference

Meat and offal-loving celebrity chef Adrian Richardson has been enlisted to liven-up the first joint BetterBeef and BestWool/BestLamb conference dinner in Bendigo next month. The post Celebrity chef heads for Bendigo’s BetterBeef conference appeared first on Beef Central. Source: Beef Central Celebrity chef heads for Bendigo’s BetterBeef conference

Weekly Indicators: interest rates improve edition

April data included new and existing home sales, both down; durable goods, down; core durable goods up; and the University of Michigan consumer sentiment index, down.   Source: XE news feed Weekly Indicators: interest rates improve edition

Surge in listings on AuctionsPlus

Nationwide listings on the AuctionsPlus online marketing platform continued to increase this week, with an offering of 11,642 head, up 28 percent on last week. Joined females were well represented, but did not draw strong bidding activity, with mated heifers averaging $1221. The post Surge in listings on AuctionsPlus appeared first on Beef Central. … Read more »

Vegetarian who fell in love with a sheep farmer urges rethink on live export ban

A self-described vegetarian, left-wing, eco-conscious WA woman whose partner happens to be a sheep farmer, issues a passionate defence of Australia’s live export trade — arguing it helps protect animal welfare. Source: ABC Livestock Vegetarian who fell in love with a sheep farmer urges rethink on live export ban

XE Market Analysis: Asia – May 25, 2018

The dollar firmed up into the long U.S. weekend, with the narrow trade-weighted USD index (DXY) up by 0.5% heading into the London fix. The index logged a six-month peak at 94.25, which is the summit of a six-week run higher. EUR-USD posted a six-month low at 1.1646, and the dollar has seen new trend… Read more »

Pig farmers face uncertain future amid prolonged price crash

Australian pig farmers say they are at crisis point, with some considering abandoning the industry due to an ongoing market crash. Source: ABC Livestock Pig farmers face uncertain future amid prolonged price crash

XE Market Analysis: The Greenback Searching for TLC After Break-up Letter

OVERVIEW The Greenback is steady after its four-week rally came to a halt yesterday. EM currencies remain under pressure with the Turkish Lira and the South African Rand down 0.6% on the day. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT Source: XE news feed XE Market Analysis: The… Read more »

XE Market Analysis: North America – May 25, 2018

The dollar has been trading mixed so far today, sitting at near net unchanged levels versus the euro, firmer against the yen, the pound, and the Canadian dollar — the latter of which was weighed on by accelerating declines in oil prices — but moderately softer against the Australian dollar. EUR-USD has been re-established back… Read more »

XE Market Analysis: Europe – May 25, 2018

The dollar has returned to form, nudging higher versus the euro and yen, and most other currencies. EUR-USD is pressing on 1.1700 as the London interbank gets up an running, putting Wednesday’s six-month low at 1.1675 back in the crosshairs. The Fed remains on a tightening track while the sentiment towards the Eurozone is being… Read more »

Australian wool market peaks again just shy of 2000 cent benchmark level

DOMESTIC Chinese retail demand and an empty processing pipeline pushed Australian wool prices to new all-time peaks this week. The post Australian wool market peaks again just shy of 2000 cent benchmark level appeared first on Sheep Central. Source: Sheep Central Australian wool market peaks again just shy of 2000 cent benchmark level

Kimberley’s thriving Yeeda beef processing venture contrasts with Livingstone’s struggles

While far northern Australia’s highest-profile beef processing business near Darwin has fallen on hard times, a second new abattoir venture across the WA border is going from strength to strength. Jack Burton and partners’ Yeeda Pastoral Co, between Derby and Broome is processing around 1200 head of cattle each week, and most importantly, the project’s… Read more »

Sustainability will play a role in credit assessments, but must be validated

With claims of sustainability inevitably comes the need for measurement to validate and demonstrate those claims, James Bentley, the manager of Natural Value of NAB, told an AgForce Forum at Beef 2018. The post Sustainability will play a role in credit assessments, but must be validated appeared first on Beef Central. Source: Beef Central Sustainability… Read more »

Recruitment: Are your staff Q Fever safe?

STATISTICS suggest management of Q Fever risk in the livestock production sector is still largely ignored, although awareness appears to be well advanced within the Australian red meat processing industry. The post Recruitment: Are your staff Q Fever safe? appeared first on Sheep Central. Source: Sheep Central Recruitment: Are your staff Q Fever safe?

Beef briefs: Livex review brought foward | States fight fake meat

Livestock Export standards review brought forward; Missouri legislature passes bill defining meat; VFF stands up for naturally grown meat; Anthrax awareness workshop at St George; European trade negotiations welcomed: AMIC; Funding for northern farmers exporting to Asia; Changes to Chain of Responsibility laws confirmed for October 1 The post Beef briefs: Livex review brought foward… Read more »

New nutrition and feed budget videos for goat meat producers

GOAT meat producers feeding and finishing stock to meet market targets have been provided with a new video series by Meat & Livestock Australia. The post New nutrition and feed budget videos for goat meat producers appeared first on Sheep Central. Source: Sheep Central New nutrition and feed budget videos for goat meat producers

XE Market Analysis: Asia – May 24, 2018

Firmer jobless claims, and softer existing home sales, and the U.S. pullout of the summit with North Korea combined to dent USD sentiment in N.Y. trade on Thursday. USD-JPY was impacted the most on the NK story, falling back to lows of 108.96 from highs over 109.70. EUR-USD rallied to 1.1750 highs. USD-CAD firmed up… Read more »

April 2018 housing summary

Let’s take a look at the very leading housing market, now that we have all of the major reports for April.   Source: XE news feed April 2018 housing summary

Dubbo sale 24 May 2018: Weaner selloff saturates market

Large numbers of lightweight cattle to the restockers were as much as 50c/kg cheaper with the market becoming saturated with weaner cattle as the selloff continues due to the dry. The post Dubbo sale 24 May 2018: Weaner selloff saturates market appeared first on Beef Central. Source: Beef Central Dubbo sale 24 May 2018:… Read more »

Live export standards review loses chairman Back and will finish this year

A REVIEW of Australia’s standards for livestock exports will be completed this year, the Minister for Agriculture and Water Resources David little Proud announced today. The post Live export standards review loses chairman Back and will finish this year appeared first on Sheep Central. Source: Sheep Central Live export standards review loses chairman Back… Read more »

XE Market Analysis: North America – May 24, 2018

The dollar has traded mostly softer, correcting a little after posting trend highs versus the euro and other currencies yesterday. Yesterday’s FOMC minutes from the early May meeting took the upside fizz out of the dollar. The narrow trade-weighted USD index (DXY) is showing a 0.3% decline, at 93.75, down from yesterday’s five-month high at… Read more »

Lambex 2018 organisers name nine Young Guns finalists

LAMBEX 2018 organisers have named nine up-and-coming lamb industry advocates as finalists in its Young Guns Competition. The post Lambex 2018 organisers name nine Young Guns finalists appeared first on Sheep Central. Source: Sheep Central Lambex 2018 organisers name nine Young Guns finalists

New Zealand markets 131 tonnes of wool in first online sale

NEW ZEALAND has held its first successful online sale of wool – marketing about 131 tonnes of crossbred and slipe wool to major domestic buyers. The post New Zealand markets 131 tonnes of wool in first online sale appeared first on Sheep Central. Source: Sheep Central New Zealand markets 131 tonnes of wool in… Read more »

XE Market Analysis: Europe – May 24, 2018

Yen outperformance has once again been seen, driving USD-JPY to a 10-day low of 109.33 and pushing EUR-JPY further into 10-month low territory. Belligerent rhetoric from North Korea and reports that the Trump administration is mulling a 25% levy on imported cars have provided some added fuel to risk aversion in global markets, which has… Read more »

New wheat rust pathotype detected

For the first time since 2010, a new pathotype of the wheat stripe rust pathogen, Puccinia striiformis f. sp. tritici, has been detected in Australia, The post New wheat rust pathotype detected appeared first on Grain Central. Source: Grain Central New wheat rust pathotype detected

High cattle prices, input costs blamed for AA Co’s Livingstone plant losses

High cattle prices and other input costs were primarily to blame for the disastrous financial losses recorded at the Australian Agricultural Co’s Livingstone Beef processing plant near Darwin, chief executive Hugh Killen said yesterday. The post High cattle prices, input costs blamed for AA Co’s Livingstone plant losses appeared first on Beef Central. Source:… Read more »

Driving weaning rates higher at Werrington

In a challenging environment to breed cattle, the Lethbridge family at Werrington north west of Townsville have managed to lift their weaning rates from 47 percent to 76 percent in the past 20 years. The post Driving weaning rates higher at Werrington appeared first on Beef Central. Source: Beef Central Driving weaning rates higher… Read more »

Ag Institute sets path to professional accreditation

Ag Institute Australia, the peak industry body for agricultural and natural resource management professionals, is setting a course towards accreditation and greater professionalism to future-proof the organisation. The post Ag Institute sets path to professional accreditation appeared first on Grain Central. Source: Grain Central Ag Institute sets path to professional accreditation

Ship stockmen share their livex voyage experiences during Beef 2018

A rare chance to hear a different side of the live export industry was given at Beef 2018 in Rockhampton when two stockmen who work on ships spoke of their experiences. The frank admissions of Ben Giblet from Wellards and Richard Leitch from Fares Rural Exports provided an insight into the day-to-day workings of a… Read more »

Tasmania students dominate National Merino Challenge at first appearance

TASMANIAN sheep and wool students swept the competition aside in their first appearance at the recent National Merino Challenge in Adelaide. Tasmanian Institute of Agriculture student Lauren Rowlands was the individual tertiary champion and fellow team member Rebecca Owen was runner-up. Tasmanian secondary school teams came from St Patrick’s College and Launceston Church Grammar and… Read more »

XE Market Analysis: Asia – May 23, 2018

The DXY advanced to new trend highs in N.Y. morning trade on Wednesday, though pulled back a bit after the FOMC minutes release, even after the Fed indicated a June rate hike is in the cards, and revealed concerns that trade disputes could damage business sentiment. EUR-USD rallied to 1.1695 from 1.1680, while USD-JPY slipped… Read more »

Rice may become less nutritious in future, scientists find

Researchers in Japan and China fear significant health implications, especially in poorer countries, after finding that protein, iron and zinc levels in rice all fell significantly when grown in higher carbon dioxide environments. Source: ABC Grain Rice may become less nutritious in future, scientists find

XE Market Analysis: US Dollar and Safe-Haven Rally on Risk Aversion

OVERVIEW US Dollar strengthens across the board, Yen and Swiss Franc also strengthen. EUR falls to fresh lows for the year after survey shows growth slowed further in May. GBP weaker after inflation miss. Turkish Lira’s pain continues, hits fresh record lows. HIGHLIGHT Source: XE news feed XE Market Analysis: US Dollar and Safe-Haven… Read more »

Feedgrain focus: Dry in NSW drains stored reserves

The worsening drought in much of New South Wales is buoying values for feedgrain, which appear to have hit a ceiling of $400 per tonne delivered Darling Downs. The post Feedgrain focus: Dry in NSW drains stored reserves appeared first on Beef Central. Source: Beef Central Feedgrain focus: Dry in NSW drains stored reserves

Dalby Sale 23 May 2018: Market absorbs larger light cattle offering

Despite the dry conditions and the very large line-up of young light weight cattle buyers were able to absorb the large supply and most experienced only small quality related price changes. The post Dalby Sale 23 May 2018: Market absorbs larger light cattle offering appeared first on Beef Central. Source: Beef Central Dalby Sale… Read more »

XE Market Analysis: North America – May 23, 2018

A risk-off theme propelled the yen higher and, to a lesser extent, the dollar, which posted gains against most currencies outside the case versus the Japanese unit. The narrow trade-weighted USD index (DXY) has gained 0.4%, though has remained a little short of the five-month high that was seen on Monday at 94.06. EUR-USD traded… Read more »

Weekly Property Review: A view from the south

Family succession and generational change appear to be main reasons why producers in southern and southeastern regions of Australia are currently selling their blue ribbon cattle grazing assets. The post Weekly Property Review: A view from the south appeared first on Beef Central. Source: Beef Central Weekly Property Review: A view from the south

Senators told live sheep death images will damage Australia’s food ‘brand’

FOOTAGE of dead and dying sheep on live export shipments would damage Australia’s brand as a clean, safe and ethical food producer and push more people to vegetarianism, Meat & Livestock Australia managing director Richard Norton conceded to a Senate Estimates hearing today. The post Senators told live sheep death images will damage Australia’s food… Read more »

Australian farmer bodies start email campaign to retain live sheep exports

AUSTRALIAN farmers are being asked to join a national MP email campaign to support live sheep exports, but weeks after hundreds of thousands of people have responded to online petitions aimed at banning the trade. The post Australian farmer bodies start email campaign to retain live sheep exports appeared first on Sheep Central. Source:… Read more »