Weekly genetics review: Setting targets for your first-calf heifers

For producers considering how to manage their first-calf heifers this year, they can use these results to set both a weight and fat parameter to aim for. Longer term selection for lower Days-to-calving EBVs and for slightly more positive fatness will have a marked effect on their herds to assist with their practical on-farm strategies to improve re-conception rates in first-calf heifers, suggests genetics editor Alastair Rayner. ..Read More

Source: Beef Central
Weekly genetics review: Setting targets for your first-calf heifers

XE Market Analysis: Europe – Apr 23, 2019

The Dollar is trading at modestly lower levels relative to the London interbank close last Thursday, which marked the close of liquid forex trading last week. Markets will be returning to full force today following the Easter holiday period. EUR-USD has settled near 1.1250, up from the two-week low seen last Thursday at 1.1226, which was seen following disappointing preliminary PMI data out of the Eurozone. The pair remains down by 0.6% from month-ago levels and is lower by 2% on the year-to-date.

Source: XE news feed
XE Market Analysis: Europe – Apr 23, 2019

Vale Arthur Rickards

Arthur Rickards, who made an enormous contribution to genetic progress and agribusiness in the Australia beef cattle industry over close to half a century, has passed away aged 77, following a long battle with illness…Read More

Source: Beef Central
Vale Arthur Rickards

XE Market Analysis: Asia – Apr 22, 2019

The Dollar index lost modest ground in very light trade in N.Y. on Monday. Europe remained on holiday for the Easter break, contributing to the sluggish session. The DXY slipped marginally to 97.27 from 96.36 early in the session. Incoming data was light, and featured March existing home sales, which were softer than expected. EUR-USD topped at 1.1262 from lows of 1.1257, while USD-JPY was sideways between 111.90 and 111.95. USD-CAD fell to 1.3343 lows on trend high oil prices. Cable printed one-month lows of 1.2975.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Apr 22, 2019

Lighter steers and heifers easier, as Easter trading slows on AuctionsPlus

Light steer and heifer categories tended to ease in price on AuctionsPlus this week, where cattle numbers offered reduced by more than half in the lead-up to Easter and Anzac Day trading week, with a total yarding of 7417 head recorded across four weekly sales…Read More

Source: Beef Central
Lighter steers and heifers easier, as Easter trading slows on AuctionsPlus

XE Market Analysis: Asia – Apr 18, 2019

The Dollar firmed in N.Y. trade on Thursday, taking the DXY to two-week highs of 97.48. Strong retail sales and trend low jobless claims supported the Greenback, following weaker EU PMI figures ahead of the open, which weighed on the Euro. EUR-USD touched 1.1227 lows, levels last seen on April 8. USD-JPY was supported by risk-on conditions, though continued to struggle over the 112 mark. USD-CAD meandered between 1.3365 and 1.3399, while Cable edged under 1.2980.[EUR, USD]

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

XE Market Analysis: Europe – Apr 18, 2019

The Dollar majors have continued to ply narrow ranges, with EUR-USD continuing to orbit the 1.1300 level. USD-JPY has managed to grind slightly lower, matching Tuesday’s low at 111.84, though not surpassing it thus far. EUR-JPY and some other Yen crosses were also modestly lower. The price came with the MSCI Asia-Pacific (ex-Japan) equity index pulling back a little from nine-month highs. S&P 500 futures have also track moderately lower, though the index remains not far off record highs.

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

New test delivers lower cost option for females using genomic technology

A new genomic product for Angus seedstock cattle has been launched under a collaboration between Angus Australia and Neogen Australasia. Known as Angus uLD, the new product is an ultra-low density, low cost genomic product that has been developed specifically for genomically testing Australian Angus seedstock females…Read More

Source: Beef Central
New test delivers lower cost option for females using genomic technology

XE Market Analysis: North America – Apr 18, 2019

The Dollar has traded generally firmer, led by a sharp drop in EUR-USD following sub-forecast data out fo the Eurozone. EUR-USD broke out of its recent narrow orbit of 1.1300 and tumbled over 50 pips in printing an eight-day low low at 1.1243. The preliminary Eurozone April composite PMI dipped to 51.3, down from 51.6 in March and undershooting the median forecast for a slightly lift to 51.8. The data has eroded recent optimism about prospects for a pick-up in economic growth momentum in Europe.

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

Weekly genetics review: DeSireBull – A refinement for searching sires

The increasing complexity of information available in the search for sires is often a topic of concern among bull buyers.Although producers value the data that is on offer, there is little doubt that many people find the process of searching through numbers overwhelming.This concern has led the NSW DPI to develop a simple platform to collate and share data in a more visual and digestible manner. ..Read More

Source: Beef Central
Weekly genetics review: DeSireBull – A refinement for searching sires

True Aussie symbol’s role in export markets

Amid the chilled meat cabinets of retailers across the world, how does Australian red meat differentiate itself from its many competitors, jostling for position in increasingly crowded export markets? Five years after its launch, the True Aussie symbol is now active in 34 key export markets, representing Australian beef, lamb and goatmeat, and is a key component of MLA’s Global Markets Strategy…Read More

Source: Beef Central
True Aussie symbol’s role in export markets

GDL Dalby’s Anthony O’Dwyer wins Australia’s national young auctioneer title

Anthony O’Dwyer from Grant Daniel Long in Dalby, Qld, will represent Australia in the International Livestock Auctioneers Competition at the Calgary Stampede, Canada after winning the 2019 National Young Auctioneers Competition at the Sydney Royal Easter Show…Read More

Source: Beef Central
GDL Dalby’s Anthony O’Dwyer wins Australia’s national young auctioneer title

Recruitment: Don’t underestimate the value of an exit interview

SOME of the most honest and priceless feedback comes from employees that are leaving an organisation. Although it is typically too late to save that employee, they can provide helpful information for managers to consider improving the work environment for others…Read More

Source: Sheep Central
Recruitment: Don’t underestimate the value of an exit interview

XE Market Analysis: Asia – Apr 17, 2019

The Greenback rose modestly during the N.Y. session on Thursday, resulting in the DXY advancing to 97.04 from 96.89 lows. The February trade deficit was narrower than expected, and provided some support to the USD. The Dollar largely ignored the Fed’s Beige book, which revealed little concerning the economic outlook, and overall remains near session highs against the Euro and Yen. EUR-USD remained just under the 1.1300 mark, down from earlier highs of 1.1313 into the open, while USD-JPY traded at 112.05, up from earlier lows of 111.93.

Source: XE news feed
XE Market Analysis: Asia – Apr 17, 2019

XE Market Analysis: North America – Apr 17, 2019

The Dollar has traded mixed amid a variety of cross-currents. One theme was Euro outperformance, which saw EUR-USD match, although not surpass, last Friday’s three-week high at 1.1323, while EUR-JPY printed a six-week high at 126.80 and EUR-GBP a four-week peak, at 0.8681. EUR-CHF has also continued a recovery from the eight-month low seen in late March at 1.1162, today trading above 1.1400 for the first time since February. There didn’t appear to have been a specific news or data catalyst behind the common currency’s outperformance.

Source: XE news feed
XE Market Analysis: North America – Apr 17, 2019

Recent property listings of note

Former trophy station ripe for glory again | Roxas operation fails to sell and is relisted | Two SA operations boasting scale | Marmboo returns to the market | Productive country close to Brisbane | Further leucaena potential on Moura’s Wilga Vale | Corfield block grassed-up and ready to go | Abundance of grass on fattening property Carodon | Wing Vee returns to the market | New England block returns to the market..Read More

Source: Beef Central
Recent property listings of note

XE Market Analysis: Europe – Apr 17, 2019

The Dollar majors have continued without much directional bias, though the Australian and Canadian Dollars posted moderate gains while the Kiwi buck came under pressure following sub-forecast CPI data out of New Zealand. NZD-USD printed a three-month low at 0.6667 before recouping back above 0.6700, rising on the coattails of gains in the Aussie dollar following better than expected data out of China, which provided fresh fuel to risk-on sentiment in global markets. Both the Aussie and Kiwi currencies are seen by many as liquid China proxies. AUD-USD posted a two-month high at 0.7205.

Source: XE news feed
XE Market Analysis: Europe – Apr 17, 2019

Weekly kill: Lack of follow-up rain and cooler weather drives lift in numbers

THE flow of slaughter cattle across eastern Australian picked up this week, as the onset of cooler night-time temperatures and a lack of follow-up rain after encouraging March falls prompts some producers to further lighten off numbers heading into winter.  ..Read More

Source: Beef Central
Weekly kill: Lack of follow-up rain and cooler weather drives lift in numbers

Weekly rainfall wrap + rain outlook, 17 Apr 2019

Broad surface troughs and cold fronts triggered thunderstorms and showers with moderate fall across large parts of Western Australia, while onshore flow produced showers in the Cape York Peninsula, parts of the east coast of Queensland and northern New South Wales…Read More

Source: Sheep Central
Weekly rainfall wrap + rain outlook, 17 Apr 2019

XE Market Analysis: Asia – Apr 16, 2019

Dollar bulls took the upper hand in N.Y. trade on Tuesday, taking the DXY to highs of the week at 97.09 from opening low of 96.89. U.S. industrial production was softer than forecasts, though had little impact on the risk backdrop, as strong earnings reports lifted stocks and Treasury yields. EUR-USD peaked at 1.1310 at the open, later testing the London low of 1.1280. USD-JPY remained bid, though struggled to make progress above 112.00. USD-CAD bottomed at 1.3347, before bouncing over 1.3365, while Cable dropped toward 1.3040 on renewed Brexit worries.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Apr 16, 2019

XE Market Analysis: Currency Markets Await Chinese Economic Data Announcements

OVERVIEW The US dollar is trading within familiar ranges against other major currencies AUD rebounds 0.5% following the release of dovish minutes from the RBA WTI crude oil oscillates around $63.50, and gold is sliding lower, cracking below the $1,300 level.

Source: XE news feed
XE Market Analysis: Currency Markets Await Chinese Economic Data Announcements

XE Market Analysis: North America – Apr 16, 2019

The Dollar has traded mostly firmer so far today. The biggest movement has been against the Australian Dollar, after the minutes to the early April RBA meeting showed that a rate cut had been discussed. AUD-USD dropped over 0.5% in making a two-session low at 0.7140. EUR-USD has also been a mover, with the pairing dipping to a three-session low at 1.1279 on the back of a Reuters report, citing an ECB source, that there is a “significant minority” of board members who are doubtful about projections for growth to rebound in the second half of the year.

Source: XE news feed
XE Market Analysis: North America – Apr 16, 2019

XE Market Analysis: Europe – Apr 16, 2019

The main currencies have continued to see little directional bias for the most part, which has been seen against backdrop of buoyant global stock markets. The narrow trade-weighted USD index is near flat on the day so far, at 96.92, continuing a consolidation of declines seen last week. In equity markets, while the main U.S. indices turned lower yesterday, the S&P 500 remains within 1% of record highs, while India’s NSE index rallied to a record high today.

Source: XE news feed
XE Market Analysis: Europe – Apr 16, 2019

NTCA’s 50c levy idea: what do other States think?

Regardless of whether different groups support the Northern Territory Cattlemen’s Association call for a 50c per head levy to fund industry advocacy or not, the NT industry’s front-foot move has certainly got the rest of the industry talking about levies and industry funding options once again…Read More

Source: Beef Central
NTCA’s 50c levy idea: what do other States think?

XE Market Analysis: Asia – Apr 15, 2019

The Dollar bounced from overnight lows, taking the DXY to 96.95 from 96.80 lows at the open. Major Dollar pairings were range bound, though overall supported by a better Empire State index, and by some save-haven USD buying on the back of largely risk-off conditions. EUR-USD dipped briefly under 1.1300, then steadied just over the figure. USD-JPY spent the session on either side of 112.00. USD-CAD Cable topped over 1.3110, later falling back to lows near 1.3090.[EUR, USD]

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

XE Market Analysis: North America – Apr 15, 2019

The Dollar has been plying narrow ranges so far against a backdrop of moderately bullish equity markets, in Asia and Europe, and rising sovereign bond yields. EUR-USD has been narrowly orbiting the 1.1300 level, consolidating recent gains from the six-week low at 1.1183, seen on April 2.

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

Vale John Stewart

John Stewart, the man widely regarded as the ‘godfather’ of Australia’s epic Brucellosis & Tuberculosis disease eradication campaign in the 1970s and 80s, has passed away in Brisbane, aged 86…Read More

Source: Beef Central
Vale John Stewart

XE Market Analysis: Asia – Apr 12, 2019

The Dollar pulled back in N.Y. trade on Friday, weighed down by risk-on conditions, which came following improved China loan and trade data. The DXY fell to 96.75 lows from overnight highs of 97.19. Wall Street extended gains, while Treasury yields rose as well. EUR-USD rallied to near three-week highs of 1.1323, but slipped back under 1.1300 into the London close. USD-JPY was bid up on the better risk-taking levels, topping at 112.03. USD-CAD steadied around 1.3325 after falling from 1.2275 in London on firmer oil prices. Cable topped at 1.3132, later heading back under 1.3080.

Source: XE news feed
XE Market Analysis: Asia – Apr 12, 2019

XE Market Analysis: Sterling Shines despite Brexit Uncertainty Brewing Under the Hood

OVERVIEW The greenback turns negative, trading lower against its major peers Sterling strengthen to a six-day high, as the market priced in a Brexit breakthrough WTI crude oil jumped 0.8% with $65 a barrel in sight after positive trade data releases from China.

Source: XE news feed
XE Market Analysis: Sterling Shines despite Brexit Uncertainty Brewing Under the Hood

XE Market Analysis: North America – Apr 12, 2019

Both the Dollar and Yen have been notably underperforming most other currencies so far today, which has come against a backdrop of reviving risk appetite following strong import data out of China. In the mix was a strong bid for EUR-JPY at the Tokyo fix today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group’s purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. EUR-JPY rose nearly 1% in making a three-week high at 126.71.

Source: XE news feed
XE Market Analysis: North America – Apr 12, 2019

XE Market Analysis: Europe – Apr 12, 2019

A strong bid for EUR-JPY was seen at and after the Tokyo fixing today, which drove the Euro generally higher while leading to Yen underperformance. Interbank market narratives pointed Japan’s Mitsubishi UFJ Financial Group’s purchase of aviation financing business of Germany’s DZ Bank as being behind the demand. EUR-JPY rose over 0.5% in making a three-week high at 126.33, while USD-JPY was pulled up by about 0.2%, to a four-week peak at 111.85.

Source: XE news feed
XE Market Analysis: Europe – Apr 12, 2019

Recruitment: The importance of workplace culture for business success

Now, more than ever, employees are choosing meat and livestock industry supply chain workplaces where they feel valued and believe in the overall mission of the business. It is not surprising, then, that the most successful agribusinesses will always have a solid workplace culture in place…Read More

Source: Beef Central
Recruitment: The importance of workplace culture for business success