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

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 to 110.19 from near 110.30. USD-CAD pulled back from highs on reports that NAFTA talks were progressing. Cable, meanwhile, remained heavy under 1.3360.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – May 23, 2018

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 23 May 2018: Market absorbs larger light cattle offering

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 below 1.1700 for the first time since last November, pegging a low at 1.1698. The biggest movers were the yen crosses, with EUR-JPY, AUD-JPY and GBP-JPY showing losses of over 1.5% at their respective lows.

Source: XE news feed
XE Market Analysis: North America – May 23, 2018

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 ‘brand’ appeared first on Sheep Central.

Source: Sheep Central
Senators told live sheep death images will damage Australia’s food ‘brand’

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: Sheep Central
Australian farmer bodies start email campaign to retain live sheep exports

Carbon projects in focus in Queensland’s southwest

The south-western portion of Queensland west and south of Charleville has seen a number of speculative special interest purchasers who have acquired country at a premium, with the sole intention of establishing carbon projects, valuer Herron Todd White reports. Within the Paroo Shire alone, there have been some 1.055 million Australia Carbon Credit Units issued by the Australian Government Clean Energy Regulator through 39 projects. The post Carbon projects in focus in Queensland’s southwest appeared first on Beef Central.

Source: Beef Central
Carbon projects in focus in Queensland’s southwest

AA Co suspends operations at loss-making Livingstone Beef plant

AA Co has announced plans to suspend operations indefinitely at the loss-making Livingstone Beef facility near Darwin – Australia’s newest beef processing facility commissioned under great fanfare in 2016. The decision follows a strategic review announced in April to assess all available options and determine the optimal path to deliver shareholder value from its Livingstone business following a one-off write-down of $74.9m. The post AA Co suspends operations at loss-making Livingstone Beef plant appeared first on Beef Central.

Source: Beef Central
AA Co suspends operations at loss-making Livingstone Beef plant

BCM feeds southern grain into drought-hit Queensland

A commodity management company is leasing three grain storage sites in Brisbane which are enabling traders and end-users operating in the drought-affected southeast Queensland feedgrain market to source wheat and barley shipped from southern Australian ports. BCM took the step of leasing grain storage space when it became evident that sea freight was more economical than road freight as a means of getting grain to the state’s feedgrain consumers. The post BCM feeds southern grain into drought-hit Queensland appeared first on Beef Central.

Source: Beef Central
BCM feeds southern grain into drought-hit Queensland

International travel opportunity for young ag stakeholders + VIDEO

YOUNG agricultural industry stakeholders are being encouraged to nominate for an $8000 international travel award as part of the 2018 BBM Youth Support awards program. BBM Youth Support is a charity which offers financial support to young people to travel overseas and develop their skills. The awards are open to stakeholders aged 16-24, and the The post International travel opportunity for young ag stakeholders + VIDEO appeared first on Beef Central.

Source: Beef Central
International travel opportunity for young ag stakeholders + VIDEO

Cows might fly – The best way to predict the future is to create it + VIDEO

Design and construction engineering group Wiley released this short video clip, Cows Might Fly, at the Food and Grocery Australia 2018 conference in Melbourne today. A surprising take on the future of the food industry, the clip is designed to provoke meaningful conversation and salute unconventional thinking. The post Cows might fly – The best way to predict the future is to create it + VIDEO appeared first on Beef Central.

Source: Beef Central
Cows might fly – The best way to predict the future is to create it + VIDEO

Weekly kill: Slaughter numbers swell, as strong supply meets better processor profitability

It’s the best part of two-and-a-half years since QLD processors have scheduled optional Saturday killing shifts, but all three of the nation’s largest operators have operated Saturdays at some sites in recent weeks. There’s two reasons for it: cattle are obviously there in numbers, and export processors have again transitioned back into profit, after a long, cold, Siberian winter when losses were stacked-up like firewood. The post Weekly kill: Slaughter numbers swell, as strong supply meets better processor profitability appeared first on Beef Central.

Source: Beef Central
Weekly kill: Slaughter numbers swell, as strong supply meets better processor profitability

Bridging the feedback gap in feeder cattle

Teys Australia is aiming to turn around the lack of performance data on feeder cattle with a new feeder steer feedback program, which will allow producers to know exactly how their cattle have performed, not only in the feedlot, but also in the chillers. The company provided a briefing on the project during Beef 2018 in Rockhampton. The post Bridging the feedback gap in feeder cattle appeared first on Beef Central.

Source: Beef Central
Bridging the feedback gap in feeder cattle

AuctionsPlus’s Anna Speer tackles COO role at AA Co

AA Co this afternoon announced the appointment of AuctionsPlus chief executive Anna Speer as its new chief operating officer (pastoral). The company has also announced the appointment of a new chief financial officer, Nigel Simonsz, following the recent departure of Scott Prebble. The post AuctionsPlus’s Anna Speer tackles COO role at AA Co appeared first on Beef Central.

Source: Beef Central
AuctionsPlus’s Anna Speer tackles COO role at AA Co

Ireland’s simple message on beef genetics: “a common data platform makes complete sense”

15 years ago Ireland’s beef cattle industry came together and made a decision that is now credited with having improved Irish cattle farmer profitability by $100 per head. Australia has the same opportunity if the industry is prepared to share genetic data, an Irish leader told producers at Beef 2018. The post Ireland’s simple message on beef genetics: “a common data platform makes complete sense” appeared first on Beef Central.

Source: Beef Central
Ireland’s simple message on beef genetics: “a common data platform makes complete sense”

Why genomics is a powerful science for our cattle (and how crush-side genotyping could be here soon)

Unsure what genomics could mean for Australian cattle in future? At a Meat & Livestock Australia-hosted genetics forum at Beef 2018 in Rockhampton, leading geneticist Dr Ben Hayes from the University of Queensland gave producers a brief history of how genetic science has been applied to livestock production and why genomics is seen as a major game changer that can help to accelerate genetic gain in future. The post Why genomics is a powerful science for our cattle (and how crush-side genotyping could be here soon) appeared first on Beef Central.

Source: Beef Central
Why genomics is a powerful science for our cattle (and how crush-side genotyping could be here soon)

Live sheep export pleas made to farmers as phase-out Bill stalls in parliament

WESTERN Australian farmers have been urged to fight plans to shut down live sheep exports to the Middle East as proposed legislation to end the trade within five years faces an uncertain future. The post Live sheep export pleas made to farmers as phase-out Bill stalls in parliament appeared first on Sheep Central.

Source: Sheep Central
Live sheep export pleas made to farmers as phase-out Bill stalls in parliament

Brazil ag minister praises cattle producers as FMD status upgraded

Brazil’s minister of Agriculture says the country’s new status of “free of foot and mouth disease with vaccination”, which is being formalised at this week’sWorld Organisation for Animal Health (OIE) assembly, is the result of ‘a long and hard trajectory of dedication’ of Brazilian cattle ranchers and the country’s veterinary sector. The post Brazil ag minister praises cattle producers as FMD status upgraded appeared first on Beef Central.

Source: Beef Central
Brazil ag minister praises cattle producers as FMD status upgraded

Is CPC headed for a Stanbroke-style bust-up?

Consolidated Pastoral Co boss Troy Setter remained tight-lipped about the company’s future ownership prospects, but spoke in animated terms about the future potential for the business during a wide-ranging discussion staged as part of Beef 2018 in Rockhampton. The post Is CPC headed for a Stanbroke-style bust-up? appeared first on Beef Central.

Source: Beef Central
Is CPC headed for a Stanbroke-style bust-up?

Manildra flour mill resumes operations after explosion

Operations have resumed at Australia’s largest flour mill, the Manildra Group’s home facility in central New South Wales, following an explosion on Saturday which injured one worker. The post Manildra flour mill resumes operations after explosion appeared first on Grain Central.

Source: Grain Central
Manildra flour mill resumes operations after explosion

Lobbying begins after Ley introduces live sheep export phase-out Bill

LIBERAL MP Sussan Ley has proposed phasing out live sheep experts to the Middle East within five years in a Private Members Bill introduced to Federal Parliament this morning. The post Lobbying begins after Ley introduces live sheep export phase-out Bill appeared first on Sheep Central.

Source: Sheep Central
Lobbying begins after Ley introduces live sheep export phase-out Bill

First quarter global beef prices 6pc higher, as volume grows

Global beef prices remained strong in the first quarter 2018 with increased global export supply expected throughout the rest of this year. The current global situation, analyst Simon Quilty argues, is due to a demand-driven market, as opposed to four years ago in 2014 which was supply-driven. Current indications show that present international beef demand is likely to continue at least for the balance of this year, but the challenge is trying to determine how sustainable global prices are beyond 2018. The post First quarter global beef prices 6pc higher, as volume grows appeared first on Beef Central.

Source: Beef Central
First quarter global beef prices 6pc higher, as volume grows

Chinese and American trade stand-off is good news for wool industry

STEPS to avoid a looming trade war between China and the United States were good news for Australia’s wool industry, leading analyst Chris Wilcox said today. The post Chinese and American trade stand-off is good news for wool industry appeared first on Sheep Central.

Source: Sheep Central
Chinese and American trade stand-off is good news for wool industry

Support for live export ban grows as shutdown bill begins voyage through Parliament

The live sheep exports sector could be entirely closed down in five years under a private member’s bill to be introduced by Liberal MP Sussan Ley, with Labor also set to throw its support behind the legislation.

Source: ABC Livestock
Support for live export ban grows as shutdown bill begins voyage through Parliament

Young sheep and wool scholars to present at MerinoLink conference

YOUNG sheep and wool scholars and innovators will have an opportunity to present their latest research at the “Hour of Power’’ during the MerinoLink annual conference next month. The post Young sheep and wool scholars to present at MerinoLink conference appeared first on Sheep Central.

Source: Sheep Central
Young sheep and wool scholars to present at MerinoLink conference

US Bond Market Week in Review: A Look at Loretta Mester's Hawkish Reasoning

               Loretta Mester is the president of the Cleveland Federal Reserve.  While her speeches are normally more general in nature, her May y14 presentation to the Global Interdependence Center contains more detail, allowing us to better understand her more hawkish analysis of the U.S. economy and Fed policy.             Let’s begin with her general opinion about the macro economy:

Source: XE news feed
US Bond Market Week in Review: A Look at Loretta Mester’s Hawkish Reasoning

US Economic Week in Review

              This week, the markets received several key pieces of leading and coincidental data.  Let’s start with 1-unit building permits, which has a bullish economic backdrop.  The labor market is strong.  While interest rates are increasing, the average 30-year mortgage is slightly below 4.6%; while high by recent standards, it’s low historically.  New homes sales are still climbing despite rising median and average prices.    

Source: XE news feed
US Economic Week in Review

NQ cattleman donates cows to raise funds for new cattle body

Queensland gulf grazier and Burke Shire Council mayor Ernie Camp says he will donate the proceeds of a pen of 12 Brahman cross cows he is selling at the Charters Towers sale this Wednesday to help fund the creation of a new cattle representative organisation, Cattle Producers Australia. The post NQ cattleman donates cows to raise funds for new cattle body appeared first on Beef Central.

Source: Beef Central
NQ cattleman donates cows to raise funds for new cattle body

Weekly Indicators: long term forecast deteriorates further edition

 April data included an increase in industrial production, capacity utilization, and both nominal and real retail sales. Both housing permits and starts declined slightly from their previous record pace for this expansion. Nevertheless the Index of Leading Indicators was positive.  

Source: XE news feed
Weekly Indicators: long term forecast deteriorates further edition

AuctionsPlus numbers lift, as vendor expectations align with market conditions

Numbers lifted to 9079 head on AuctionsPlus this week, an increase of 2000 on the previous seven-day cycle. Lighter steers tended firm to slightly better in price, while heavier steers softened a little. The post AuctionsPlus numbers lift, as vendor expectations align with market conditions appeared first on Beef Central.

Source: Beef Central
AuctionsPlus numbers lift, as vendor expectations align with market conditions

XE Market Analysis: Asia – May 18, 2018

The USD index (DXY) clocked a new five-month high, at 93.83, aided by a post-data surge in USD-CAD and continued buoyancy in USD-JPY, which earlier posted a four-month high at 111.08. Weaker than expected inflation data out of Japan has been underpinning the dollar against the yen. EUR-USD, meanwhile, has edged out a fresh five-month low, surpassing Wednesday’s low by 2 pips in making 1.1761, in part amid a wary euro sentiment as Italy’s anti-establishment populist parties form a government. Softer U.S.

Source: XE news feed
XE Market Analysis: Asia – May 18, 2018

XE Market Analysis: G10 and EM Currencies Rattled by Resurgent US Dollar

OVERVIEW The Greenback is closing on strongly for the fifth week in a row, 0.11% against the basket of major currencies. Turkish Lira and the South African Rand weakened to fresh lows as EM currencies continue to slump. West Texas Intermediate at $71.57 barrel, up 8 cents amidst geopolitical risks and supply tightening. HIGHLIGHT

Source: XE news feed
XE Market Analysis: G10 and EM Currencies Rattled by Resurgent US Dollar

XE Market Analysis: North America – May 18, 2018

EUR-USD ebbed back under 1.1800 as market participants cast a wary eye on political developments in Italy, though Wednesday’s five-month low at 1.1763 remained untroubled. The 10-year U.S. T-note yield also touched a new seven-year high above 3.11%, before backing to around 3.10%. USD-JPY traded above 111.00 for the first time since January, a move driven principally by yen weakness following data showing a dip in Japanese inflation. Headline April CPI fell to a rate of 0.6% y/y from 1.1% y/y in March, while core CPI ebbed to 0.7% y/y from 0.9% y/y.

Source: XE news feed
XE Market Analysis: North America – May 18, 2018

XE Market Analysis: Europe – May 18, 2018

The yen have traded softer into the London interbank open, which saw USD-JPY touch 111.00 for the first time since January while concurrently lifting yen crosses. AUD-JPY, for instance, clocked a one-month high. A dip in Japanese inflation data weighed on the yen. Headline April CPI fell to a rate of 0.6% y/y from 1.1% y/y in March, while core CPI ebbed to 0.7% y/y from 0.9% y/y. The outcomes undershot market expectations, and should maintain the BoJ’s ultra-accommodative monetary policy. EUR-USD, meanwhile, lifted back above 1.1800, though remain well off yesterday’s high at 1.1837.

Source: XE news feed
XE Market Analysis: Europe – May 18, 2018

Live trade threat turns biggest importer of Australian sheep to breeding

AUSTRALIA’S biggest sheep buyer Kuwait is turning to building its own flocks, concerned about the plans to halt the Middle East live trade despite its importance to the nation’s food security. The post Live trade threat turns biggest importer of Australian sheep to breeding appeared first on Sheep Central.

Source: Sheep Central
Live trade threat turns biggest importer of Australian sheep to breeding

Darling Downs feedgrain hits record $400/t

Prices for wheat and barley delivered Darling Downs have hit a record-equalling $400 per tonne delivered this week, as domestic feedgrain shipped into Brisbane from Port Adelaide makes its way into the market. The post Darling Downs feedgrain hits record $400/t appeared first on Beef Central.

Source: Beef Central
Darling Downs feedgrain hits record 0/t

Wool prices surge again to give growers their best prices in decades

AUSTRALIA’S wool price benchmark exceeded the 1900-cent mark for the first time this week to reach 1943 cents a kg clean as demand for medium Merino wools surged, giving some growers their best wool prices in decades. The post Wool prices surge again to give growers their best prices in decades appeared first on Sheep Central.

Source: Sheep Central
Wool prices surge again to give growers their best prices in decades

Recruitment: Palgrove talks online rural property induction at Beef 2018

The name, Palgrove, might be famous for its Charolais and Ultrablack seedstock, but an online staff induction course which it has adopted was also a hot topic of conversation at the company’s Beef 2018 trade site. The post Recruitment: Palgrove talks online rural property induction at Beef 2018 appeared first on Beef Central.

Source: Beef Central
Recruitment: Palgrove talks online rural property induction at Beef 2018

XE Market Analysis: Asia – May 17, 2018

FX trade was relatively quiet in N.Y. on Thursday, keeping the DXY inside a 93.38 to 93.56 trading range, and the major dollar pairings range bound. EUR-USD ranged between 1.1785 and 1.1812, while USD-JPY topped at new trend highs of 110.86 before slipping back to 110.63 lows. Cable was sideways on either side of 1.3500, while USD-CAD rose to 1.2822 highs as oil prices pulled back from multi-year highs.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – May 17, 2018

Sediment runoff to Great Barrier Reef reduced by 97pc at cattle property trial site

Greening Australia has today announced the results from the first phase of its Reef Aid program, with a trial to reduce sediment flowing onto the Great Barrier Reef (the Reef) resulting in a 97 per cent improvement in water quality. The post Sediment runoff to Great Barrier Reef reduced by 97pc at cattle property trial site appeared first on Beef Central.

Source: Beef Central
Sediment runoff to Great Barrier Reef reduced by 97pc at cattle property trial site

Recruitment: Palgrove talks online rural property induction

The name, Palgrove, might be famous for its Charolais and Ultrablack bull breeding business, but an online staff induction course which it has adopted was also a hot topic of conversation at the company’s Beef 2018 trade site in Rockhampton last week. The post Recruitment: Palgrove talks online rural property induction appeared first on Sheep Central.

Source: Sheep Central
Recruitment: Palgrove talks online rural property induction

New shelf-life prediction tool set to reduce red meat waste

Commercial trials of a new model designed to more accurately predict the shelf-life of red meat and ultimately reduce retail and food service industry waste have shown promising results in a domestic supply chain. The post New shelf-life prediction tool set to reduce red meat waste appeared first on Beef Central.

Source: Beef Central
New shelf-life prediction tool set to reduce red meat waste

Dubbo sale 17 May 2018: Prices lift with processor competition

The cow market and the grown steer market both lifted with solid support coming from both northern and southern processors. The cow market enjoyed gains of up to 6c while the grown steers lifted by as much as 12c/kg. The post Dubbo sale 17 May 2018: Prices lift with processor competition appeared first on Beef Central.

Source: Beef Central
Dubbo sale 17 May 2018: Prices lift with processor competition

WA minister flags live sheep trade “pause” and increased ban calls

PROPOSED changes to live sheep export stocking density rules were inadequate and would fuel demands for a Middle East trade ban, Western Australia’s Minister for Regional Development; Agriculture and Food Alannah MacTiernan said today. The post WA minister flags live sheep trade “pause” and increased ban calls appeared first on Sheep Central.

Source: Sheep Central
WA minister flags live sheep trade “pause” and increased ban calls

XE Market Analysis: North America – May 17, 2018

EUR-USD turned back under 1.1800 after rebound gains stalled at 1.1837. The political evolutions in Italy have continued to see Italian yields rise, and with them other peripheral Eurozone sovereign yields while safe-haven demand for German paper has suppressed Bund yields, which in turn has been weighing on the euro. USD-JPY printed a new 13-week high at 110.74, extending the upside run higher that’s been unfolding since late March. The fresh gain also builds a breach head above the 200-day moving average (presently situated at 110.18) that was breached earlier in the week.

Source: XE news feed
XE Market Analysis: North America – May 17, 2018

XE Market Analysis: Europe – May 17, 2018

The dollar and yen traded moderately lower during the Tokyo session, ahead of the London interbank open. USD-JPY has oscillated in the lower 110.0s, holding in a consolidation below the 13-week high that was posted yesterday at 110.45. The intraday low so far is 110.07. Sterling rallied on reports that the UK government will agree to staying in the EU’s customs union, which is a last resort “backstop” plan to avoid the imposition of a hard Irish border, while above-forecast Australian employment data gave the Australian dollar a lift.

Source: XE news feed
XE Market Analysis: Europe – May 17, 2018

Beef 2018: Key snapshots from MLA’s global markets forum

Meat & Livestock Australia’s team of international business managers flew into Rockhampton from all corners of the world last week to share the latest insights on consumer trends and the work MLA does in various markets to promote Australian red meat. The post Beef 2018: Key snapshots from MLA’s global markets forum appeared first on Beef Central.

Source: Beef Central
Beef 2018: Key snapshots from MLA’s global markets forum

Middle East sheep shipments to continue under tougher rules and penalties

MIDDLE East live sheep shipments will be allowed to continue this year under tougher stocking, animal welfare and penalty rules, against the advice of Australia’s peak veterinary body and the RSPCA. The post Middle East sheep shipments to continue under tougher rules and penalties appeared first on Sheep Central.

Source: Sheep Central
Middle East sheep shipments to continue under tougher rules and penalties

Global investors ready to use Australia as path to Asian markets

Investment capital from around the globe is ready to buy into the Australian beef industry, but businesses need to choose their investment partners with care and ensure a cultural fit which delivers for both parties. That was the message from a seminar held at Beef 2018 last week, which brought together representatives from the banking, trade, investment, stud-stock and commercial-cattle sectors. The post Global investors ready to use Australia as path to Asian markets appeared first on Beef Central.

Source: Beef Central
Global investors ready to use Australia as path to Asian markets

Regulators to keep a close eye on live export sheep, with 'independent' observers on board

The Government accepts all recommendations from a major review into live sheep exports that includes fewer animals on ships — especially during the Middle Eastern summer — and mandatory “independent observers” onboard ships to send footage and reports back to the regulator.

Source: ABC Livestock
Regulators to keep a close eye on live export sheep, with ‘independent’ observers on board

Chilled mutton exports growing into Middle East live sheep markets

CHILLED Australian mutton exports to some Middle Eastern countries are growing while the nation’s governments, live exporters, farmers and animal welfare bodies argue over the future of the live sheep trade. The post Chilled mutton exports growing into Middle East live sheep markets appeared first on Sheep Central.

Source: Sheep Central
Chilled mutton exports growing into Middle East live sheep markets

Middle East livex shipments to continue under tougher rules and penalties

Middle East live sheep shipments will be allowed to continue this year under tougher stocking, animal welfare and penalty rules, against the advice of Australia’s peak veterinary body and the RSPCA. The post Middle East livex shipments to continue under tougher rules and penalties appeared first on Beef Central.

Source: Beef Central
Middle East livex shipments to continue under tougher rules and penalties

XE Market Analysis: Dollar Firm, Euro Falls on Italian Political Concerns

OVERVIEW US Dollar made fresh highs before giving back some ground despite solid data. EUR slides below 1.18 as Italian political parties agree to form a government.  GBP little changed, towards recent lows. CAD outperforming other G10 currencies after strong factory sales. Turkish Lira hits a fresh record low, central bank promises ‘necessary steps’ to calm Lira.  HIGHLIGHT

Source: XE news feed
XE Market Analysis: Dollar Firm, Euro Falls on Italian Political Concerns

‘First look’ seasonal climate outlook released for June-Aug 2018

For most of the country there is no strong indication that winter will be particularly wetter or drier than average – the likelihood of exceeding median rainfall is near 50 percent – according to the Bureau of Meteorology’s “first look” rainfall forecast for June throught to August, released this morning.  The post ‘First look’ seasonal climate outlook released for June-Aug 2018 appeared first on Sheep Central.

Source: Sheep Central
‘First look’ seasonal climate outlook released for June-Aug 2018

XE Market Analysis: North America – May 16, 2018

The dollar firmness theme mutated into a specific EUR-USD weakness theme, with the pairing trading under the 1.1800 level for the first time since December while the dollar concurrent gave back some of the gains it saw yesterday versus the yen, Canadian dollar and other currencies. EUR-USD posted a five-month low at 1.1794. Euro underperformance also weighted on EUR-CHF, EUR-JPY and other crosses, linked to concerns about the Italy’s political evolutions, which seen the yields of Eurozone peripheral sovereign gap higher relative to the Bund yield.

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

Movement at the Station – properties for sale and sold

Contracts on NT’s Mt McMinn | Deloraine on Melbourne’s fringe makes $200m | Moura’s Shauna Hills sells for $10.75m | VIC almond aggregation could make $350-400m | The Two Mile Nowendoc’s showcase | Warrawee and Hillcrest under negotiation | Alice Springs Yambah Station includes 4800 branded cattle | Stanley House has picturesque Somerset Dam frontage | Bauhinia’s Onedin carries $12m pricetag | Morven’s Mt Maria runs 2500 breeders | Interest in Blackall’s Caranna-Lynbrydon The post Movement at the Station – properties for sale and sold appeared first on Beef Central.

Source: Beef Central
Movement at the Station – properties for sale and sold

XE Market Analysis: Europe – May 16, 2018

The dollar has been buoyed by rising U.S. Treasury yields. The U.S. 10-year T-note hit a seven-year high above 3.03% while Fed funds futures were, as of the PM session on Wall Street yesterday, fully pricing in at 25 bp tightening at the June 12th-13th FOMC while discounting about 80% odds for another quarter point hike by September. EUR-USD posted a five-month low at 1.1816 in the latest phase of dollar buying. USD-JPY saw a 13-week high at 110.45 during the New York PM session yesterday, since settling in the lower 110.00s.

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

Drought still biting in more than half of Queensland

Farming families in more than half of Queensland are still battling drought, while primary producers in some areas are now entering the recovery phase following welcome summer rainfall, state farm organsiation AgForce said today. The post Drought still biting in more than half of Queensland appeared first on Beef Central.

Source: Beef Central
Drought still biting in more than half of Queensland

Traditional owners to acquire 100pc of gulf cattle stations Lawn Hill & Riversleigh

In the final stage of an agreement struck between traditional owners and miners in 1997, the Queensland Gulf country’s Waanyi People will soon assume 100 percent ownership of 540,000ha Lawn Hill and Riversleigh cattle stations on the Gregory River, south of Burketown. The post Traditional owners to acquire 100pc of gulf cattle stations Lawn Hill & Riversleigh appeared first on Beef Central.

Source: Beef Central
Traditional owners to acquire 100pc of gulf cattle stations Lawn Hill & Riversleigh

After years of little change, Australia fights to seize new EU beef opportunity

After 40 years of relative stability, the European market landscape is undergoing tectonic shifts, and Australia’s beef industry is working to seize the opportunity to increase it’s share of the fiercely contested, high-value beef import market. The post After years of little change, Australia fights to seize new EU beef opportunity appeared first on Beef Central.

Source: Beef Central
After years of little change, Australia fights to seize new EU beef opportunity

Dry conditions push cattle numbers on feed above 1 million head

Dry conditions across large parts of eastern Australia have pushed numbers on feed above one million head for only the third time in history, in the March quarter industry survey results released this morning. Cattle on feed for the January-March quarter reached 1.025m head, up five percent from the December quarter. The post Dry conditions push cattle numbers on feed above 1 million head appeared first on Beef Central.

Source: Beef Central
Dry conditions push cattle numbers on feed above 1 million head

Middle East live sheep export review report delay prompts criticism

AUSTRALIA’S Minister for Agriculture David Littleproud will release the McCarthy Review into northern summer Middle East live sheep shipments tomorrow, Sheep Central has been told. The post Middle East live sheep export review report delay prompts criticism appeared first on Sheep Central.

Source: Sheep Central
Middle East live sheep export review report delay prompts criticism

XE Market Analysis: Asia – May 15, 2018

The DXY surged to 2018 highs in N.Y. trade on Tuesday, with the dollar taking its cue from decent incoming U.S. data in the form of retail sales and Empire State index, and the resultant pop in Treasury yields to multi-year highs. The higher yields spooked Wall Street, which was sharply lower. EUR-USD fell to trend lows of 1.1820 before bouncing, while USD-JPY topped at 110.38, also trend highs, despite the risk-off backdrop. USD-CAD headed up to one-week highs of 1.2925 as WTI crude oil shed $1.50/bbl. Cable recovered some from 2018 lows of 1.3451.[EUR, USD]

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

Diverse, novel ideas presented in Beef 2018’s Pitch in the Paddock

A PROBIOTIC additive which could cut the use of antibiotics in the feedlot industry won the Pitch in the Paddock at Beef 2018 last week. ProAgni was judged the best of eight ideas, which included pitches from across Australia as well as the United States. It was an eclectic group of winners and placegetters, with The post Diverse, novel ideas presented in Beef 2018’s Pitch in the Paddock appeared first on Beef Central.

Source: Beef Central
Diverse, novel ideas presented in Beef 2018’s Pitch in the Paddock

CTLX sale 15 May 2018: Rain forecast spurs competition

The forecast for some useful rain for the following Friday and Saturday created very solid competition for the young cattle going to the restockers with the young cattle going back to the paddock selling up to 20c/kg dearer with a number of fresh orders operating with growers wanting to make sure they have some stock on hand when it does rain. The post CTLX sale 15 May 2018: Rain forecast spurs competition appeared first on Beef Central.

Source: Beef Central
CTLX sale 15 May 2018: Rain forecast spurs competition

Weekly rainfall wrap + 14 day rain outlook, 16 May 2018

A complex low pressure system and vigorous cold front produced moderate falls across southeastern Australia. Heavy rainfall associated with a strong and gusty southerly airflow resulted in flooding in southeastern Tasmania. The post Weekly rainfall wrap + 14 day rain outlook, 16 May 2018 appeared first on Sheep Central.

Source: Sheep Central
Weekly rainfall wrap + 14 day rain outlook, 16 May 2018

Disagreement over ‘acceptable’ live sheep export death rate

DISAGREEMENT between farmers and RSPCA Australia over what is an acceptable live export sheep death rate is still a core issue despite the latest Middle East shipment reporting a mortality rate of 0.25 percent. The post Disagreement over ‘acceptable’ live sheep export death rate appeared first on Sheep Central.

Source: Sheep Central
Disagreement over ‘acceptable’ live sheep export death rate

XE Market Analysis: North America – May 15, 2018

The dollar continued to rebound from the correction lows that were posted yesterday against many currencies. The narrow trade-weighted USD index (DXY) was showing a gain of 0.2%, as of the late London AM), at 92.71, earlier logging a two-session high at 92.81. EUR-USD cleared below yesterday’s low on route to posting a two-day low at 1.1910, extending declines from yesterday’s high at 1.1996. USD-JPY has lifted toward 110.00, returning focus to recent trend highs at 110.01-03. The dollar’s gains have been concomitant with a renewed lift in U.S.

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

XE Market Analysis: Europe – May 15, 2018

The dollar has rebounded from correction lows that were seen against many currencies yesterday. EUR-USD has cleared yesterday’s and posted a two-day low at 1.1910, extending declines from yesterday’s high at 1.1996. USD-JPY has lifted toward 110.00, returning focus to recent trend highs at 110.01-03. AUD-USD has fallen to a three-session low, at 0.7503, and USD-CAD to a three-session high, at 1.2822. The lift in the dollar has been concomitant with a rebound in U.S. Treasury yields, with the 10-year T-note yield rising back above 3.0%.

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