XE Market Analysis: North America – Feb 22, 2018

The dollar came off the boil during the London AM session after posting fresh gains in Asia. USD-JPY was an exception, having dipped quite sharply at the Tokyo fixing (on netted out corporate demand for yen), posting a low at 107.15, before recouping. EUR-USD recouped toward 1.2300. A miss in the February German Ifo business confidence, which dove to a headline reading of 115.4 from 117.6, the lowest reading since last September, had only a fleeting negative impact on the euro.

Source: XE news feed
XE Market Analysis: North America – Feb 22, 2018

XE Market Analysis: Europe – Feb 22, 2018

The dollar has continued to mostly trade firmer, this time amid a backdrop of fresh equity market declines on Wall Street and in Asia (which the exception of Chinese markets, which have been playing catch-up following the prolonged Lunar New Year break). This followed minutes of the FOMC meeting, where bullets about upside risk to growth following the tax cuts, grabbed market attention and sent U.S. Treasury yields higher. EUR-USD logged a 10-day low of 1.2259.

Source: XE news feed
XE Market Analysis: Europe – Feb 22, 2018

Bubbles and echo chambers constraining genetic progress: Strong

Despite the Australian beef industry’s fantastic technological base and world-leading systems, the influence of genetics in the value chain still only extends about as far as breeding better bulls, leading industry executive Jason Strong told yesterday’s MLA livestock breeding and genetics forum in Brisbane. The post Bubbles and echo chambers constraining genetic progress: Strong appeared first on Beef Central.

Source: Beef Central
Bubbles and echo chambers constraining genetic progress: Strong

Ingham’s buys Baiada’s Wacol feedmill

Australia and New Zealand’s largest integrated poultry producer, Ingham’s, has bought the Wacol feedmill west of Brisbane from Baiada as part of its push to expand feedmilling capacity in line with its continued growth in chicken and turkey production. The post Ingham’s buys Baiada’s Wacol feedmill appeared first on Grain Central.

Source: Grain Central
Ingham’s buys Baiada’s Wacol feedmill

Cameras to supercede manual MSA grading in Teys plants by mid-year

Teys Australia is confident it will be in a position to implement objectively-measured Meat Standards Australia and AusMeat chiller assessment grading in some of its beef processing plants by the middle of this year. The post Cameras to supercede manual MSA grading in Teys plants by mid-year appeared first on Beef Central.

Source: Beef Central
Cameras to supercede manual MSA grading in Teys plants by mid-year

WA carter’s app statewide in 2018

Bulldog clips and wads of dusty tickets floating lost on truck dashboards will be a thing of the past when Western Australia’s CBH extends it new digital “app” receivals transaction system in 2018. The post WA carter’s app statewide in 2018 appeared first on Grain Central.

Source: Grain Central
WA carter’s app statewide in 2018

XE Market Analysis: Asia – Feb 21, 2018

The dollar edged higher through the morning session in N.Y. on Wednesday, taking the DXY to six-session highs of 89.99. The greenback later moved lower on the FOMC minutes, as the Fed said a gradual approach to tightening remained appropriate, and as it sees few signs of broad wage growth increases (which got markets in a tizzy following the strong earnings outcome in the last jobs report). EUR-USD rallied to session highs of 1.2359 from 1.2315, as USD-JPY fell to 107.30 from 107.75.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 21, 2018

Cargill releases statement in response to genetic patent appeal

Cargill Australia has issued a statement to Beef Central today in relation to the ongoing Federal Court of Australia court action by Meat & Livestock Australia and Dairy Australia seeking to overturn a patent granted to Cargill and Branhaven LLC over genetic cattle selection methods in Australia. The post Cargill releases statement in response to genetic patent appeal appeared first on Beef Central.

Source: Beef Central
Cargill releases statement in response to genetic patent appeal

Theft charge after stray steer allegedly butchered to cover agistment fee

A 67-year-old Tumoulin man and a 20-year-old Moomin man have been charged with stealing and killing a steer which strayed onto the Tumolin man’s property in North Queensland three years ago. The post Theft charge after stray steer allegedly butchered to cover agistment fee appeared first on Beef Central.

Source: Beef Central
Theft charge after stray steer allegedly butchered to cover agistment fee

XE Market Analysis: Sterling Under Pressure as UK Jobless Rate Rises

OVERVIEW GBP is trading at a disadvantage due to calls for gaining full regulatory autonomy after Brexit and the jobless rate rises. The Canadian Dollar continues to weaken as oil prices drop and the US Dollar resurges. The Euro is trading at a disadvantage against the US Dollar as the Purchasing Managers Indexes for both the service sector and manufacturing are disappointed. The Australian Dollar continues to fall as wage inflation remains muted. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Sterling Under Pressure as UK Jobless Rate Rises

XE Market Analysis: North America – Feb 21, 2018

The dollar continued to hold firm. EUR-USD extended lower for a fourth consecutive session, logging a four-session low of 1.2307, which extends the correction from the 38-month high seen on Friday at 1.2556. The day’s low was seen in the wake of the release of preliminary Eurozone February PMI survey data, which missed expectations and gave a presently bearish market a cue to sell. USD-JPY lifted for a fourth straight session, this time logging a four-session high of 107.90 in Tokyo, extending the rebound from the 15-month low seen last Thursday at 105.54.

Source: XE news feed
XE Market Analysis: North America – Feb 21, 2018

Weekly Property Review: Recent sales of note and significant new listings

This week’s property review focuses on some significant recent sales and noteworthy early 2018 listings. With exceptionally dry conditions still impacting large parts of eastern Australia, vendors emphasising available feed, and buyers chasing grass has been a trend noted in recent transactions and listings…   The post Weekly Property Review: Recent sales of note and significant new listings appeared first on Beef Central.

Source: Beef Central
Weekly Property Review: Recent sales of note and significant new listings

XE Market Analysis: Europe – Feb 21, 2018

The dollar has remained buoyant, led by gains in USD-JPY, whicih lifted for a fourth straight session in logging a four-session high of 107.90, extending the rebound from the 15-month low seen last Thursday at 105.54. EUR-JPY and other yen crosses are also firmer, though by a lesser magnitude than USD-JPY, as a broader bid in the dollar has also been at play. EUR-USD posted a four-session low at 1.2317. Data out of Asia today included Japan’s flash manufacturing PMI for February, which ebbed to a 54.0 headline reading form 54.8 in January, and mixed figures out of Australia.

Source: XE news feed
XE Market Analysis: Europe – Feb 21, 2018

Weekly rainfall wrap + 14 day outlook, 21 Feb 2018

Tropical cyclone Kelvin made landfall between Broome and Port Hedland in Western Australia on 18 February, and brought very heavy rainfall to the western Kimberley. Broad areas of low pressure across western, northern and eastern Australia produced showers and storms. The post Weekly rainfall wrap + 14 day outlook, 21 Feb 2018 appeared first on Sheep Central.

Source: Sheep Central
Weekly rainfall wrap + 14 day outlook, 21 Feb 2018

MLA genetics forum: Norton calls for Cargill to stop patent claim

Meat & Livestock Australia managing director Richard Norton has publicly called upon Cargill to exercise its  power to put an end to a bid by US company Branhaven LLC to patent cattle selection methods in Australia. The post MLA genetics forum: Norton calls for Cargill to stop patent claim appeared first on Beef Central.

Source: Beef Central
MLA genetics forum: Norton calls for Cargill to stop patent claim

Cattle trucks on the move to feedlots, livex ports

A surge in cattle transport activity on Queensland’s rural highways has been visible in recent weeks as producers move to destock cattle cattle feedlots and take advantage of a recent increase in live export orders to Indonesia.  The post Cattle trucks on the move to feedlots, livex ports appeared first on Beef Central.

Source: Beef Central
Cattle trucks on the move to feedlots, livex ports

XE Market Analysis: US Dollar Adds to Gains

OVERVIEW USD trading broadly higher. GBP higher on a report that the EU parliament will allow ‘privileged’ access to the single market. CAD weaker after dropping in wholesale trade. EUR softer after a drop in German ZEW survey. AUD flat after RBA minutes signal rates to remain on hold. SEK falls sharply after inflation miss. HIGHLIGHT

Source: XE news feed
XE Market Analysis: US Dollar Adds to Gains

Weekly rainfall wrap + 14 day outlook, 21 Feb 2018

Tropical cyclone Kelvin made landfall between Broome and Port Hedland in Western Australia on 18 February, and brought very heavy rainfall to the western Kimberley. Broad areas of low pressure across western, northern and eastern Australia produced showers and storms. The post Weekly rainfall wrap + 14 day outlook, 21 Feb 2018 appeared first on Beef Central.

Source: Beef Central
Weekly rainfall wrap + 14 day outlook, 21 Feb 2018

XE Market Analysis: Asia – Feb 20, 2018

The dollar was fairly steady in N.Y. trade on Tuesday, leaving the DXY over its 20-day moving average of 89.43 through the day. There was no U.S. data to drive the FX market, though trend high Treasury yields helped the greenback generally. EUR-USD bottomed at 1.2320 before edging higher, while USD-JPY was steady, maintaining altitude over 107.00. USD-CAD was supported by softer oil prices and a weaker Canada wholesale report. Cable managed to retake the 1.4000 level, though found sellers over the figure.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 20, 2018

Combination drenches likely to slow resistance and boost weightgain, research finds

Combination drenches can not only help southern beef producers prevent the development of worm resistance on their properties, but can also deliver measurable production benefits, a recent trial has suggested. The post Combination drenches likely to slow resistance and boost weightgain, research finds appeared first on Beef Central.

Source: Beef Central
Combination drenches likely to slow resistance and boost weightgain, research finds

XE Market Analysis: North America – Feb 20, 2018

The dollar has been in rebound mode after making fresh major-trend lows on Friday, gaining yesterday in the absence of North American and a number of major Asian markets, and extending further upward today. The gain was concomitant with market narratives talking about the rise in 2-year Treasury yields to near 10-year highs (which has been seen ahead of the auction of 2-year notes later today). The USD index (DXY) 0.6% in making a four-session high of 89.68.

Source: XE news feed
XE Market Analysis: North America – Feb 20, 2018

Weekly genetics review: Is it worth applying selection pressure for net feed intake?

This week’s genetics review concludes our two-part series exploring net feed intake. Which breeds are measuring NFI and how are seedstock breeders using NFI in their selection decisions? The post Weekly genetics review: Is it worth applying selection pressure for net feed intake? appeared first on Beef Central.

Source: Beef Central
Weekly genetics review: Is it worth applying selection pressure for net feed intake?

XE Market Analysis: Europe – Feb 20, 2018

The dollar continued to hold firm, extending the same theme for a second day. This came with 2-year U.S. Treasury yields rising to a near 10-year high in Asia today, and with stock market sentiment having soured somewhat following a week-long rebound. The USD index (DXY) posted a four-session high of 89.44, extending the rebound from Friday’s 37-monnth low to 1.4%. EUR-USD remained heavy after logging four-session low at 1.2369 yesterday.

Source: XE news feed
XE Market Analysis: Europe – Feb 20, 2018

WQ desperately seeking agistment | List agistment needed on Beef Central for free

Hopes are high this week’s rain event will create some urgently needed agistment opportunities for producers in western areas of Queensland and NSW, many of whom are enduring a sixth failed summer wet season in a row. The post WQ desperately seeking agistment | List agistment needed on Beef Central for free appeared first on Beef Central.

Source: Beef Central
WQ desperately seeking agistment | List agistment needed on Beef Central for free

Weekly kill: Rain brings a late blessing to some

Encouraging, and in places substantial rain across areas of Central and Southern Queensland and into NSW overnight has added some relief to a rapidly deteriorating seasonal outlook for many cattle producers, and adds another factor to the upcoming slaughter cattle supply equation. The post Weekly kill: Rain brings a late blessing to some appeared first on Beef Central.

Source: Beef Central
Weekly kill: Rain brings a late blessing to some

Global study cracks code for genetic trait of height in cattle, opens door to others

A massive global study headed by UQ professor Ben Hayes involving 58,000 cattle has pinpointed the genes that influence the complex genetic trait of height in cattle, opening the door for researchers to use the same approach to map high-value traits including those important for beef and milk production.   The post Global study cracks code for genetic trait of height in cattle, opens door to others appeared first on Beef Central.

Source: Beef Central
Global study cracks code for genetic trait of height in cattle, opens door to others

Wagga sale 19 Feb 2018: Prices reflect broader market trend

Cattle prices at Wagga were generally weaker in a similar sized yarding of 3600. The market is facing pressure from plainer quality and bigger numbers at other selling centres due to the dry conditions. The post Wagga sale 19 Feb 2018: Prices reflect broader market trend appeared first on Beef Central.

Source: Beef Central
Wagga sale 19 Feb 2018: Prices reflect broader market trend

Upcoming webinar: Beef bulls – measuring and mitigating the risks of failure

Well known cattle vet Dr Ben Gardiner will present an informative webinar for beef producers early next month, sharing information about optimising management of bulls. The post Upcoming webinar: Beef bulls – measuring and mitigating the risks of failure appeared first on Beef Central.

Source: Beef Central
Upcoming webinar: Beef bulls – measuring and mitigating the risks of failure

XE Market Analysis: Europe – Feb 19, 2018

The dollar traded generally firmer today in low volumes with a number of Asian nations enjoying public holidays today, including China, Hong Kong and Taiwan. North American markets will also be absent today. EUR-USD logging a two-session low of 1.2392, and USD-JPY recouped above 106.60, extending a rebound from Friday’s 15-month low at 105.52. The greenback was perhaps due a rebound after declining in but two of the last 10 sessions.[EUR, USD]

Source: XE news feed
XE Market Analysis: Europe – Feb 19, 2018

Find out what global digital disruption means for beef

The Beef Industry Symposium being staged at Beef Australia 2018 in May this year will feature a line-up of economic, political, digi-tech, and market and trade experts who will discuss the global disruption agenda, and how this affects the beef industry. The post Find out what global digital disruption means for beef appeared first on Beef Central.

Source: Beef Central
Find out what global digital disruption means for beef

Unsure if it’s fit to load? Send a photo first, CCA urges producers

As seasonal conditions across eastern Australia deteriorate following a lack of summer rain, cattle producers are being urged not to gamble on animal welfare by transporting stock that are not fit to load. The post Unsure if it’s fit to load? Send a photo first, CCA urges producers appeared first on Beef Central.

Source: Beef Central
Unsure if it’s fit to load? Send a photo first, CCA urges producers

Are you bogged mate?

Mary O’Brien “goes into bat for rural blokes” with an inspiring article raising awareness about mental health and depression in the bush. The post Are you bogged mate? appeared first on Grain Central.

Source: Grain Central
Are you bogged mate?

Review finds South Australia’s OJD flock infection rate is underestimated

OVINE Johne’s Disease management in South Australia should be de-regulated and OJD infections in sheep flocks would probably increase in high rainfall areas even if regulatory controls continue, a confidential review has concluded. The post Review finds South Australia’s OJD flock infection rate is underestimated appeared first on Sheep Central.

Source: Sheep Central
Review finds South Australia’s OJD flock infection rate is underestimated

Only 10 pc of Australian lamb skins suit high quality apparel market

SHEEP producers have been urged by a prominent southern Australian skin buyer to use only a keyhole crutch, minimise shearing cuts and avoid the use of branding fluid on sale lambs. The post Only 10 pc of Australian lamb skins suit high quality apparel market appeared first on Sheep Central.

Source: Sheep Central
Only 10 pc of Australian lamb skins suit high quality apparel market

United Organics industry presents its credentials in Canberra

A two-day organics industry symposium in Canberra last week culminated in a barbecue at Parliament House on Wednesday night, showcasing a range of certified organically produced products from beer to beef. Earlier, Australia’s organic industries agreed to establish a new peak body to become the voice for Australia’s organic industries in policy and market access. The post United Organics industry presents its credentials in Canberra appeared first on Beef Central.

Source: Beef Central
United Organics industry presents its credentials in Canberra

‘Feeding plus breeding’ formula vital for fertility gains

Finding the right genetics to fast track the reproductive efficiency of a herd is only one component of feeding for fertility. Success, according to a facilitator delivering MLA’s new Bred Well Fed Well beef program, also hinges on nutrition and condition management. The post ‘Feeding plus breeding’ formula vital for fertility gains appeared first on Beef Central.

Source: Beef Central
‘Feeding plus breeding’ formula vital for fertility gains

AgriFutures Horizon scholarship applicants have less than a week

MORE than 300 expressions of interest have been received in the 2018 AgriFutures Horizon Scholarship since applications opened in January. Australian university students studying an agriculture-related degree have less than one week to apply for the 2018 scholarship by Friday, February 23. The post AgriFutures Horizon scholarship applicants have less than a week appeared first on Sheep Central.

Source: Sheep Central
AgriFutures Horizon scholarship applicants have less than a week

New Zealand wool handler scores first open class win at Southern Shears

MILTON wool handler Cheri Peterson has become the latest addition to the ranks of open class winners by claiming the Southern Shears title at Gore in New Zealand last week. Uniquely, all three in Friday’s final were gunning for their first open win in New Zealand, with the South Otago rookie winning by just over The post New Zealand wool handler scores first open class win at Southern Shears appeared first on Sheep Central.

Source: Sheep Central
New Zealand wool handler scores first open class win at Southern Shears

US Economic Week in Review: Some Disappointing Coincidental Numbers

            This was a mixed week for U.S. economic data.  One leading indicator – the 4-week moving average of unemployment claims – was positive.  But while the headline number for building permits was very strong (+7.4%), a huge jump in multi-unit structures (5+ unit permits rose 25%) were responsible for the increase.  1-unit structures were off 1.7%.   Retail sales were disappointingly weak and industrial production (which has been strong as of late) was also disappointing.  Leading Indicators

Source: XE news feed
US Economic Week in Review: Some Disappointing Coincidental Numbers

US Bond Market Week in Review: An Overblown Inflation Fear

          At this point, I almost feel unqualified to talk about inflation and inflationary pressures in the economy.  I have, after all, spent the better part of the last 4-5 years discussing the possibility of deflation or, more specifically, weak pricing pressures.  I also have to admit to a fair amount of fun I’ve had poking holes in the Fed’s “2% inflation is right around the corner” thesis.  So, as if on cue, the BLS releases inflation data that seems to indicate inflationary pressures are increasing:

Source: XE news feed
US Bond Market Week in Review: An Overblown Inflation Fear

International Economic Week in Review: The Global Growth Wave Continues

            The overall trend of major international news continues to trend in a positive direction.  Japan is on solid growth footing while EU news is well into its second year of an overall bullish tone.  Australia’s employment situation continues to improve.  The only weak spot is the UK, where retail sales disappointed and inflation is running a bit hot.

Source: XE news feed
International Economic Week in Review: The Global Growth Wave Continues

Weekly Indicators: payroll tax withholding falls off a cliff edition

January data this week included very positive housing permits and starts, as well as very positive consumer confidence as measured by the U. of Michigan. Industrial production and capacity utilization were negative, as were retail sales. Consumer prices increased a significant +0.5%, and producer prices increased significantly as well. 

Source: XE news feed
Weekly Indicators: payroll tax withholding falls off a cliff edition

Lower clearance rates on AuctionsPlus as dry exerts pressure

Large lines of cattle from very dry areas of eastern Australia continued to feature on AuctionsPlus this week. Listings eased a little to total 9374 head across three commercial sales, but still noticeably higher than earlier volumes. The post Lower clearance rates on AuctionsPlus as dry exerts pressure appeared first on Beef Central.

Source: Beef Central
Lower clearance rates on AuctionsPlus as dry exerts pressure

XE Market Analysis: Asia – Feb 16, 2018

The dollar bounced modestly to end the week in N.Y. on Friday, with the move largely attributed to short covering into what will be a long U.S. weekend. The DXY advanced from three-plus year lows of 88.26 seen overnight, topping at 89.04 following strong housing starts data, and firmer import prices. EUR-USD opened over 1.2460, then fell to 1.2430 lows. USD-JPY was steady, peaking at 106.37. USD-CAD firmed to 1.2554 on soft Canada manufacturing data, and softer oil prices. Cable meanwhile, bottomed at 1.4005.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 16, 2018

XE Market Analysis: North America – Feb 16, 2018

The dollar has lifted out of new lows were seen in Tokyo. The USD index (DXY) is now showing a fractional 0.1% gain after showing a 0.3% decline at the lows. The index left a 37-month low at 88.26, and is presently trading at 88.70. EUR-USD tipped nearly 80 pips from the the 38-month high the pair saw in Asia in making its intraday low at 1.2474. USD-JPY has scaled back above 106.20 after seeing a 15-month low at 105.54. The dollar’s decline to new lows in Asia and rebound in Europe mirrors the price action we saw yesterday, all…

Source: XE news feed
XE Market Analysis: North America – Feb 16, 2018

XE Market Analysis: Europe – Feb 16, 2018

Another day, another decline in the dollar, which logged a new 38-month low versus the euro, at 1.2554, and a 15-month low against the yen, at 105.54. The USD index (DXY) is down by 0.3%, 88.37, earlier clocking a 37-month low at 88.33. The greenback has also seen fresh lows against most newly developed and developing world currencies. Continued gains in global stock markets have continued to inspire dollar selling, as investors seek out higher yielding opportunities.

Source: XE news feed
XE Market Analysis: Europe – Feb 16, 2018

Call for MSA to progress saleyards procurement pathways issue

Northern NSW beef processor Andrew McDonald used yesterday’s Meat Standards Australia 20th anniversary gathering in Brisbane to lobby for greater access for saleyards cattle to the MSA program. The post Call for MSA to progress saleyards procurement pathways issue appeared first on Beef Central.

Source: Beef Central
Call for MSA to progress saleyards procurement pathways issue

Bollgard 3 gene approval could pave way to cottonseed sales to China

Australia’s Gene Technology Regulator (GTR) this week issued a licence to Syngenta Australia which could remove a perceived impediment to the sale of cottonseed from the now dominant Bollgard 3 varieties into China’s compound feed and oils sector. The post Bollgard 3 gene approval could pave way to cottonseed sales to China appeared first on Grain Central.

Source: Grain Central
Bollgard 3 gene approval could pave way to cottonseed sales to China

Drier autumn ahead for mainland; wetter for Tassie: BOM

Large parts of central Australia are likely to have a drier than average autumn, while Tasmania is likely to have a wet autumn, according to the Australia’s Bureau of Meteorology’s latest climate outlook. The post Drier autumn ahead for mainland; wetter for Tassie: BOM appeared first on Grain Central.

Source: Grain Central
Drier autumn ahead for mainland; wetter for Tassie: BOM

Is Australia’s beef herd again entering liquidation phase?

With drought now well entrenched or rapidly approaching across large parts of eastern Australian cattle country, is the industry again entering the realm of herd liquidation? Independent industry analyst Simon Quilty has done some analysis on the recent seasonal impact on herd composition and its likely impact on 2018 beef exports. The post Is Australia’s beef herd again entering liquidation phase? appeared first on Beef Central.

Source: Beef Central
Is Australia’s beef herd again entering liquidation phase?

Recruitment: Farming’s next-gen eyes expansion, as baby boomers retire

A significant amount of farming assets will be passed on to the next generation as the baby boomer population looks to retire in the next decade, representing a great opportunity for farming families to expand, add staff and diversify their businesses. The post Recruitment: Farming’s next-gen eyes expansion, as baby boomers retire appeared first on Beef Central.

Source: Beef Central
Recruitment: Farming’s next-gen eyes expansion, as baby boomers retire

Ouyen saleyard installs Victoria’s first sheep EID scanners, Hamilton to follow

VICTORIA’S first sheep saleyard scanning system has been installed at the Ouyen Livestock Exchange, as the state’s selling centres prepare for mandatory electronic identification of sheep and goats across the supply chain. The post Ouyen saleyard installs Victoria’s first sheep EID scanners, Hamilton to follow appeared first on Sheep Central.

Source: Sheep Central
Ouyen saleyard installs Victoria’s first sheep EID scanners, Hamilton to follow

Merino wool buyers focus on quality as $A lifts against US currency

MERINO wool prices generally fell for a larger auction offering this week, as the Australian dollar’s value rose and more lines with tensile strength faults came forward. The post Merino wool buyers focus on quality as $A lifts against US currency appeared first on Sheep Central.

Source: Sheep Central
Merino wool buyers focus on quality as $A lifts against US currency

XE Market Analysis: Asia – Feb 15, 2018

The dollar was mostly steady through the N.Y. session on Thursday, with the dollar initially supported by warmer PPI data. Softer industrial production later weighed slightly. The DXY traded a relatively narrow range on either side of 88.80. EUR-USD ranged between 1.2505 and 1.2458, while USD-JPY recovered from 106.20 lows, to peak at 106.85. USD-CAD was sideways on either side of 1.2500, while cable pulled back some from 1.4099 highs.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 15, 2018

Auction wool price retraction impacts forward prices and volumes

A STRONG Aussie dollar with lower demand triggered by the Chinese New Year has led to spot auction prices retracting from their record levels, impacting forward market prices and trading volumes. The post Auction wool price retraction impacts forward prices and volumes appeared first on Sheep Central.

Source: Sheep Central
Auction wool price retraction impacts forward prices and volumes

XE Market Analysis: US Dollar Slides as Risk Appetite Returns

OVERVIEW USD under broad-based pressure despite 10-year treasury yields rising to highest in 4 years. US industrial production falls unexpectedly in January. Japanese Yen rises to multi-year high, BoJ board member Aso plays down intervention talk. French unemployment falls to its lowest since 2009. Canadian home sales drop as new mortgage rules kick in.  Oil prices fall back towards recent lows on record US production. HIGHLIGHT

Source: XE news feed
XE Market Analysis: US Dollar Slides as Risk Appetite Returns

Dubbo sale 15 Feb 2018: Numbers rise with dry conditions to 5160

The quality of the yarding is really showing the effects of the dry conditions with only a limited selection of prime cattle in all sections. Not all the regular buyers were operating with the absence of some feeder buyers The post Dubbo sale 15 Feb 2018: Numbers rise with dry conditions to 5160 appeared first on Beef Central.

Source: Beef Central
Dubbo sale 15 Feb 2018: Numbers rise with dry conditions to 5160

XE Market Analysis: North America – Feb 15, 2018

The dollar recouped some lost ground after posted fresh losses in Asia and in the early European AM session. The USD index (DXY) was off its lows but showing a 0.3% decline as of the early London PM session. EUR-USD settled back toward the mid 1.24s after logging a two-week high of 1.2510, and USD-JPY recouped above 106.70 after making a 15-month low of 106.30 during the Tokyo session. AUD-USD saw a similar price action to EUR-USD, having been largely unaffected by the near-expected Australian employment report today.

Source: XE news feed
XE Market Analysis: North America – Feb 15, 2018

Victorian fox shooters claim more than $6 million in bounty since 2011

FOX shooters have presented more than 618,000 scalps for Victoria’s $10 bounty on the pest since 2011. And a bounty has been claimed for 2675 wild dogs destroyed over the same period. The post Victorian fox shooters claim more than $6 million in bounty since 2011 appeared first on Sheep Central.

Source: Sheep Central
Victorian fox shooters claim more than million in bounty since 2011

XE Market Analysis: Europe – Feb 15, 2018

The dollar has declined for a fourth-straight session versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is presently at a two-week low of 88.80, showing a 0.3% decline on the day and now racking up a 1.8% loss on the week so far. EUR-USD lifted to a two-week peak of 1.2487, and AUD-USD also posted a two-week high, while Cable logged a one-week high. USD-JPY continued to lead the dollar lower, with the pair showing over a 0.6% loss on the day as the London interbank community take to their desks. This is despite the 10-year…

Source: XE news feed
XE Market Analysis: Europe – Feb 15, 2018

MSA proves one of red meat industry’s greatest success stories

The red meat industry paused to celebrate and reflect on one of its outstanding success stories this morning, when the Meat Standards Australia program officially notched-up 20 years of commercial operations. The post MSA proves one of red meat industry’s greatest success stories appeared first on Beef Central.

Source: Beef Central
MSA proves one of red meat industry’s greatest success stories

Agricultural bodies slam Senate’s Murray-Darling decision

The Australian Senate’s vote last night to cut 70 gigalitres (Gl) of water available to users in the northern reaches of the Murray-Darling Basin has sparked the ire of agricultural bodies including the National Farmers Federation (NFF), Cotton Australia, NSW Farmers’ Association, the Queensland Farmers’ Federation and the National Irrigators’ Council. The post Agricultural bodies slam Senate’s Murray-Darling decision appeared first on Grain Central.

Source: Grain Central
Agricultural bodies slam Senate’s Murray-Darling decision

GrainCorp posts FY2017 profit of $142 million

The strong year-end earnings of A$142m by GrainCorp in last year’s bumper crop would dwarf its current season outlook, seen cutting earnings projection by at least half for year-ended 30 September 2018. The post GrainCorp posts FY2017 profit of $142 million appeared first on Grain Central.

Source: Grain Central
GrainCorp posts FY2017 profit of 2 million

MSA 20 years: Genesis of a world class beef grading system

This is the first in a series of articles appearing in coming weeks marking the 20th anniversary of the start of the MSA program, launched in 1998. Today’s item looks at the mood for change that emerged across the industry in the early 1990s in the need to address product quality issues, and the groundbreaking research that led to the formation of today’s MSA… The post MSA 20 years: Genesis of a world class beef grading system appeared first on Beef Central.

Source: Beef Central
MSA 20 years: Genesis of a world class beef grading system

Australia falling behind in crop protection access and investment

The Australian grains industry will need to adopt more sophisticated chemical stewardship programs to increase access to crop protection technologies and meet world expectations for acceptable chemical use and residues. The post Australia falling behind in crop protection access and investment appeared first on Grain Central.

Source: Grain Central
Australia falling behind in crop protection access and investment

XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

OVERVIEW US CPI above forecast in January as yields rise. USD rises on inflation data but then fell on Russia memo concerns. SA Rand rises as ANC put pressure on President Zuma. Japan’s economy grew 0.1% in Q4, posting it as the longest continuous expansion since the 1980s.  Eurozone Q4 GDP growth in line with expectations making industrial production stronger. HIGHLIGHT

Source: XE news feed
XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

XE Market Analysis: Asia – Feb 14, 2018

Hot U.S. CPI data, and a surge in Treasury yields dod little to help the dollar on N.Y. on Wednesday. While the greenback popped briefly after the data, sellers quicjly stepped in, taking the DXY to eight session lows of 89.07. The U.S. deficit outlook may be behind some of the USD’s struggles this week, with massive shortfalls expected following tax and budget legislation. EUR-USD bottomed at 1.2276 before rallying to a high of 1.2439. USD-JPY printed 15-month lows of 106.73, though later recovered to 107.00 as Wall Street rallied.

Source: XE news feed
XE Market Analysis: Asia – Feb 14, 2018