Recruitment: Rocky Expo aims to project red meat industry as an attractive career path

A careers expo being held as part of an upcoming Australian Intercollegiate Meat Judging conference and workshop in Rockhampton will be used to project the red meat industry as an attractive career path option for young undergraduates…Read More

Source: Beef Central
Recruitment: Rocky Expo aims to project red meat industry as an attractive career path

Ridley earnings a solid $21.5m in 1H19

Ridley’s strategy to support and retain dairy customers in the main milk-producing regions bode well for its earnings results in the half year to 31 December 2018. The company also reported major construction contract now in place for its new mill at Wellsford…Read More

Source: Grain Central
Ridley earnings a solid .5m in 1H19

XE Market Analysis: Asia – Feb 21, 2019

The DXY bottomed early in the session following softer U.S. data, though then recovered through the morning session. The index based at 96.36, later topping at 96.66. Treasury yields rose on reports the U.S. and China are closer to a trade deal, which helped support the Dollar. EUR-USD fell to 1.1323 lows from near 1.1365, as USD-JPY rallied to 110.83 from early lows of 110.56. USD-CAD made modest upside progress as WTI crude prices dipped from trend highs. Cable managed to hold over 1.3000.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 21, 2019

XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement

OVERVIEW The US dollar remains in consolidation mode against the major currencies The Australian dollar is experiencing volatile session, plunging nearly 1.1% against its US counterpart NYMEX WTI Crude consolidates around $57.00 a barrel, appreciating 25% so far this year.

Source: XE news feed
XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement

XE Market Analysis: North America – Feb 21, 2019

The Dollar lifted on ascending hopes for a U.S.-China trade deal during the Asia session before coming off the boil during the London AM session. Sources cited by Reuters said Washington and Beijing have started to outline commitments in principle in what is described as the most significant progress yet. EUR-USD saw some chop but little net direction, trading to a 1.1363 high on some positive aspects in Eurozone PMI data in flash February reports, before ebbing back to a low at 1.1322, and then settling near net unchanged levels on the day near 1.1350.

Source: XE news feed
XE Market Analysis: North America – Feb 21, 2019

XE Market Analysis: Europe – Feb 21, 2019

The Australian Dollar dove sharply, dropping over 1% in making a six-day low at 0.7086. The pair has reversed abruptly after rallying in the wake of a much stronger than anticipated jobs report out of Australia, hit but news that China was banning Australian coal imports out of the port of Dalian and imposing a overall cap on overall Australian coal imports for 2019 at 12 mln tonnes. Coal is Australia’s biggest export.

Source: XE news feed
XE Market Analysis: Europe – Feb 21, 2019

XE Market Analysis: Asia – Feb 20, 2019

The dollar ticked higher after the release of the FOMC minutes, EUR-USD faded under 1.1340 from 1.1370, while USD-JPY rallied over 110.80 from near 110.65. The minutes revealed few surprises, and the FX reaction appeared to be a bit of “buy the news” for the Dollar. The Greenback had been under pressure through the morning session ahead of the minutes.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 20, 2019

XE Market Analysis: Currency Market is Subdued, Investors Seek Guidance from the FOMC Minutes

OVERVIEW The US dollar bounces back after yesterday’s freefall and waits for the FOMC’s meeting minutes Investors are also hoping for a real breakthrough in Brexit talks as the UK PM meets with EC President NYMEX WTI Crude consolidates around a 12-week high, near $55.50.

Source: XE news feed
XE Market Analysis: Currency Market is Subdued, Investors Seek Guidance from the FOMC Minutes

XE Market Analysis: North America – Feb 20, 2019

The Dollar has put in a mixed performance, eking out a three-session high versus the Yen while posting losses against the Yuan and other Asian currencies — a five-year low in the case of the Thai Baht — and the Euro. EUR-USD posted a two-week high at 1.1358. The high was a reflection of dollar weakness after Fed’s Williams said he was comfortable with the pause in interest rates, and that the balance sheet roll-off would continue at least into next year at an unaltered pace, and not by the end of this year as markets have been speculating. As…

Source: XE news feed
XE Market Analysis: North America – Feb 20, 2019

XE Market Analysis: Europe – Feb 20, 2019

The Dollar has traded mostly firmer against the other main currencies, though lost ground to the Yuan and other Asian currencies after a Bloomberg report yesterday suggested that the U.S. is set on securing a pledge from China that it will not devalue its currency as part of a trade deal. China’s foreign ministry says it won’t use currency depreciation (and has in fact always denied that it has).

Source: XE news feed
XE Market Analysis: Europe – Feb 20, 2019

Weekly property review: Cotton on to bigger profits with a switch away from grazing?

Cattle or cotton? That is the question currently being asked in the Top End, with foreign investors who have snapped up a number of grazing properties waiting patiently for the opportunity to diversify into cotton or other farming interests. ..Read More

Source: Beef Central
Weekly property review: Cotton on to bigger profits with a switch away from grazing?

Saleyards, agents lending support to NQ’s struggling flood victims

A fund-raising appeal directed at saleyards and the broader livestock industry in aid of Northwest Queensland’s flood devastated livestock producers has attracted an immediate and enthusiastic response. The North QLD Farmers Flood Drive launched yesterday is providing a platform for livestock industry stakeholders across the nation to lend their support to producers in the flood affected region…Read More

Source: Beef Central
Saleyards, agents lending support to NQ’s struggling flood victims

XE Market Analysis: Asia – Feb 19, 2019

The Dollar index fell to nearly two-week lows in N.Y. on Tuesday, bottoming at 96.43, a d down from pre-open highs of 97.09. A dovish spin from Fed’s Mester, softer Treasury yields, and a fairly steady risk backdrop weighed down the Greenback. Aside from upbeat housing data, the economic calendar was empty, giving markets little guidance. EUR-USD rallied to 1.1347 from 1.1275 lows, as USD-JPY dipped under 110.50. USD-CAD touched 1.3208 lows, with the CAD aided by higher oil prices. Cable hit a two-week high over 1.3065.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 19, 2019

XE Market Analysis: Sterling Holds Steady on Positive Labour Market Data

OVERVIEW GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they’ve been since 2008.  Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian Thursday, and ECB President Mario Draghi will step up to the podium Friday. 

Source: XE news feed
XE Market Analysis: Sterling Holds Steady on Positive Labour Market Data

XE Market Analysis: North America – Feb 19, 2019

The dollar majors have continued to trade relatively steadily. USD-JPY edged out a high at 110.81, which is the loftiest level seen since Friday, while EUR-USD has been narrowly orbiting 1.1300, consolidating after rebounding from Friday’s three-month at 1.1234. The euro has turned lower in the latest phase, which follows a batch of dovish-leaving ECB speakers which have maintained market speculation that the ECB is heading for another blast of Targeted Long-Term Refinancing Operations (TLTRO). European stock markets turned negative after a flat session in Asia.

Source: XE news feed
XE Market Analysis: North America – Feb 19, 2019

XE Market Analysis: Europe – Feb 19, 2019

USD-JPY edged out a fresh high, at 110.71, which is the loftiest level seen since Friday, in what has been directionally-limited trading in forex and global equity markets so far today. The MSCI Asia-Pacific (ex-Japan) stock index is fractionally lower, although near the four-month highs seen last Wednesday. Market participants are waiting for clarity on the U.S.-China trade situation, with hopes generally high that the two sides will reach a compromise at this week’s round of discussions, which will commence today in Washington DC.

Source: XE news feed
XE Market Analysis: Europe – Feb 19, 2019

Weekly genetics review: Quantifying the impact of hybrid vigour

A large-scale five-year breeding program to quantify the impact that crossbreeding offers commercial producers is drawing to a close this year, providing insights into a range of traits like calving ease, calf weight and survival, female reproductive traits and carcase data. ..Read More

Source: Beef Central
Weekly genetics review: Quantifying the impact of hybrid vigour

WoolProducers Australia highlights Foot and Mouth Disease risk to wool trade

CHINA’S suspension of wool exports from South Africa is expected to intensify demand for Australian wool this week. However, the fall-out from South Africa notifying the World Organisation for Animal Health of a FMD outbreak in Limpopo, bordering Zimbabwe, has also highlighted the importance of Australia’s biosecurity measures…Read More

Source: Sheep Central
WoolProducers Australia highlights Foot and Mouth Disease risk to wool trade

XE Market Analysis: Asia – Feb 18, 2019

AUD-JPY has been the biggest mover in a day of directionally challenged markets, with North American markets absent and participants waiting on progress from the U.S.-China trade talks, which will resume for an extended second week in Washington after terminating in Beijing last week with “progress” but without resolution. AUD-JPY settled off highs, but with a moderate 0.3% gain. The cross printed a two-session high at 79.19, while AUD-USD posted a 13-day high, at 0.7160. The gains reflect optimism about China, which is the export-oriented Australian economy’s biggest client.

Source: XE news feed
XE Market Analysis: Asia – Feb 18, 2019

XE Market Analysis: North America – Feb 18, 2019

A Dollar softening theme emerged during the London AM session, which saw EUR-USD and Cable post respective two-session highs at 1.1330 and 1.2938, and USD-JPY ebbed back come after printing a high at 110.61. Stock markets were near net unchanged in Europe, and S&P 500 futures were showing fractional losses, following a bullish session in Asia, which was pinned on hopes that the U.S. and China, which last week agreed to extend talks into this week, are ripe for making a deal on trade, or at least make sufficient progress for the U.S. to delay tariff hikes.

Source: XE news feed
XE Market Analysis: North America – Feb 18, 2019

XE Market Analysis: Europe – Feb 18, 2019

The Yen traded softer amid a risk-on backdrop in Asian markets leading into the London interbank open. USD-JPY posted a two-session high at 110.59, while EUR-JPY and AUD-JPY also lifted into two-session high terrain. This was seen concurrently with the MSCI Asia-Pacific (ex-Japan) equity index rising by nearly 1%. Japan’s Nikkei 225 closed with a 1.8% gain, while China’s SSE outperformed with a gain of 2.7%. Hopes that the U.S.

Source: XE news feed
XE Market Analysis: Europe – Feb 18, 2019

CPC’s annual management gathering salutes leadership and excellence + photos

Managers and senior staff from CPC’s 15 cattle properties scatted across northern Western Australia, the Northern Territory and Queensland, as well as Indonesian feedlots, gathered in Brisbane last week for their annual conference and get-together…Read More

Source: Beef Central
CPC’s annual management gathering salutes leadership and excellence + photos

XE Market Analysis: Asia – Feb 15, 2019

The Dollar index pulled back from near one-month highs in N.Y. on Friday, dipping just under 97.00, after peaking at 97.37 early in the session. Pre-weekend profit taking was a driver, coming as the U.S. and China extended trade talks through next week in Washington. The news reversed some of the Greenback’s safe-haven flows seen earlier in the week. EUR-USD topped over 1.1290 from 1.1235 lows, while USD-JPY peaked at 110.64 before dipping to 110.39 lows. USD-CAD dipped to 1.3255 as oil prices rallied. Cable meanwhile, topped over 1.2880.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Feb 15, 2019

XE Market Analysis: The Greenback Roars Back Against Major Peers on Optimism over China-US trade talks

OVERVIEW The US dollar moves higher on positive trade talks between Beijing and Washington The British pound remains under pressure, trading in negative territory this week as the UK House of Commons continues to find the right BREXIT formula. NYMEX WTI Crude returns to a 12-week high, up 1.95% on the day.

Source: XE news feed
XE Market Analysis: The Greenback Roars Back Against Major Peers on Optimism over China-US trade talks

XE Market Analysis: North America – Feb 15, 2019

The Dollar majors have been trading without clear direction. Yen firmness was a theme during the Tokyo session, before the currency ebbed back as risk appetite in stock markets improved. USD-JPY printed a four-day low at 110.25 before recouping to the 110.50 area. EUR-USD, meanwhile, plied a narrow range in the upper 1.1200s, holding comfortably above the three-month low that was seen at 1.1249 yesterday, with yesterday’s U.S. retail sales miss having given the pairing some buoyancy.

Source: XE news feed
XE Market Analysis: North America – Feb 15, 2019

XE Market Analysis: Europe – Feb 15, 2019

The Dollar has traded mixed, while a side theme of net Yen outperformance has been seen. EUR-USD has been plying a narrow range in the upper 1.1200s. The Pound steadied after tumbling late yesterday after UK Prime Minister was humiliated again, losing a symbolic, but not legally binding, Brexit vote in parliament. USD-JPY posted a four-day low at 110.28. EUR-JPY, AUD-JPY and other Yen crosses saw similar declines, with the Japanese currency finding a degree of safe-haven support as global stock markets tipped lower.

Source: XE news feed
XE Market Analysis: Europe – Feb 15, 2019

NQ floods: Producers urged to check hay quality | Vets launch help hotline

As truck loads of fodder pour into flood affected north western Queensland, a livestock nutrition expert is appealing to fodder suppliers not to use the event as a dumping opportunity for poor quality hay, which can pose serious dangers to the health of recovering stock…Read More

Source: Beef Central
NQ floods: Producers urged to check hay quality | Vets launch help hotline

Western Australian dairy farmer’s fight with vegan activist prompts call for police intervention

FARMERS harassed by activists have been urged to call police rather than take direct action, following an altercation vegan activists and Western Australian dairy farmer this week after which a firearm was fired…Read More

Source: Sheep Central
Western Australian dairy farmer’s fight with vegan activist prompts call for police intervention