Month: October 2016

Zoetis donates $100,000 to beyondblue to support mental health in rural Australia

ANIMAL health company Zoetis has reached its goal of raising $100,000 for mental health organisation beyondblue in an effort to support good mental health and reduce suicide rates across rural Australia. Australia loses around eight people a day to suicide, and over a year, suicide deaths are double that of the national road toll. Too… Read more »

XE Market Analysis: North America – Oct 31, 2016

The dollar has recouped some of the losses seen following news last Friday that the FBI is investigating new emails of Clinton. The upcoming U.S. Presidential election, which will take plane next Tuesday, will dominate market attention from here on in. At least one weekend poll showed Trump to have narrowed the gap to 1… Read more »

XE Market Analysis: Europe – Oct 31, 2016

The dollar has recouped some of the losses seen following news last Friday that the FBI is investigating new emails of Clinton. The upcoming U.S. Presidential election, which will take plane next Tuesday, will dominate market attention. At least one poll showed Trump to have narrowed the gap by 1 percentage point. The FOMC meets… Read more »

ACCC beef report leads to new investigations

The competition watchdog has launched new investigations into alleged bid-rigging and attempts to squeeze out livestock buying rivals, arising from its inquiry into the red meat industry.The Australian Competition and Consumer Commission has released a wide-ranging interim report on the way red meat is sold in Australia.It makes 14 recommendations aimed at improving… Read more »

ACCC beef study reveals price transparency issues + industry reaction

The competitiveness of Australian beef and cattle markets could be improved by the adoption of objective carcase grading, improvements to the nature and coverage of market reporting, and the implementation of a range of measures to lessen the risk of collusive and anti-competitive behaviour in saleyard auctions. These are the key recommendations from a six-month… Read more »

The ACCC’s 13 recommendations

The ACCC released the following recommendations as part of its draft report this morning: Transparency in cattle markets Recommendation 1: Availability of price gridsAll processors and major cattle purchasers should routinely make price grids publicly available ina timely manner to increase market transparency. Recommendation 2: Price gridsa. All buyers should consider whether their price grids… Read more »

Global genebank managers meet in Australia for first time

Grain scientists from 11 grains genebanks across 18 countries will converge on Horsham, Victoria, to discuss protecting the future of our world-wide food crops when they attend the International Genebank Managers Annual General Meeting (AGM) this week. Australian Grains Genebank Senior Researcher Dr Sally Norton said the AGM is held in a different country every year… Read more »

Trade expert appointed MLA’s new US region manager

Meat & Livestock Australia has appointed experienced trade and market counsel Rob Williams as its next international business manager for North America. Rob Williams, formerly trade director for technical market access with AMPC, will take up a new role as MLA’s North America region manager MLA managing director Richard Norton said Mr Williams’ experience in… Read more »

Indonesia says feedlots can import 123,800 cattle by December 31

More than 70 percent of Indonesian cattle lot feeders have now ceded to the Indonesian Government’s new rule requiring them to import cattle for breeding purposes so they can continue to import feeder cattle. The director general of Indonesian’s Trade Ministry of Commerce, Okay Nurwan, told a press conference in Jakarta on Friday that 32… Read more »

US Equity and Economic Review: A Stronger 3Q GDP Report But Weaker Market

     On Friday, the BEA released the first estimate of 3QA GDP.  The headline rate was 2.9% — a welcome change from the previous 3 quarters.  However, this marked the 8th consecutive quarter below 3%:      PCEs continued their strength: Durable goods purchases (blue) increased strongly for the second consecutive quarter.  Service expenditures (green) maintained… Read more »

US Bond Market Week in Review: The Global Savings Glut is Alive and Well

     Over the last few weeks, 2 central bankers have argued the “global savings glut” is a primary reason for low interest rates.  In a speech on October 17th, Fed President Fisher commented: Let me move now to the second major development on my list. In addition to its effects on labor force growth, the… Read more »

International Economic Week in Review: A Closer Look at Canada

     Earlier this week, Bank of Canada president Stephen Poloz testified before the Canadian parliament, discussing the latest Monetary Policy Report.  He noted that, due to weak exports, low oil prices and a shift in governmental housing policy, the Bank was lowering their growth projections.  But it also appears that after an oil price slide… Read more »

Aussie Wagyu features in Shanghai Michelin-starred restaurant

Kanpai Classic’s Sher Wagyu platter ready for the Yakiniku Japanese barbecue SHANGHAI’S Kanpai Classic restaurant, featuring Australian Wagyu beef in a big way, has been awarded a coveted Michelin Star just 14 months after its launch. In a great showcase for Australian Wagyu beef, the Kanpai Classic menu features a range of 15 beef cuts… Read more »

Weekly Indicators: gas prices up, usage down, consumers wobble edition

Commodity prices as measured by industrial metals bottomed last November. ECRI subsequently turned up as well, enough so that both turned positive. In the last 5 weeks, however, metals have been negative for all but two weeks. Stock prices S&P 500 Down -0.7% w/w Stock prices became a positive having made new all-time highs in… Read more »

Price check for young cattle on AuctionsPlus, with lighter steers easing 5-15c

Heifers with their first calves at foot sold from $1750 to $2950 on Friday, with the top price paid for these Angus heifers from Armidale, NSW with Wagyu calves at foot. SIGNIFICANT price checks were seen in some young cattle categories on the AuctionsPlus national on-line marketing platform on Friday, in line with recent physical… Read more »

XE Market Analysis: Asia – Oct 28, 2016

The dollar was fairly steady through the morning session, getting a modest boost from the better U.S. GDP report. EUR-USD remained near the 1.0900 mark until early afternoon, while USD-JPY held above 105.00 after posting new three-month highs of 105.53. Later, the greenback fell to session lows across the board following reports that the FBI… Read more »

Q3 GDP: Indian Summer now, but a darkening sky on the horizon

Real GDP for Q3 was reported this morning, and as I am sure you already know, it was the best in four quarters: This is, as I have said frequently over the last few months, Indian Summer.  The economy accelerated to a very decent, if not spectacular, rate of growth.  That’s the good news. The… Read more »

US Dollar Remains Strong Closer to Presidential Election

OVERVIEW US Q3 advance GDP is released at 2.9% annualised against the expected 2.6%, where exports were significantly higher as personal consumption slumped. The Pound remains weak despite the strong post Brexit economic data. Pound falls as Northern Ireland High Court rules that Provincial law does not restrict the trigger of article 50.  HIGHLIGHT The… Read more »

XE Market Analysis: North America – Oct 28, 2016

The dollar struggled for direction, overall, with EUR-USD remaining rooted to the 1.0900 level, despite net encouraging data of the Eurozone, and with USD-JPY settling back to near net unchanged levels after edging out a fresh three-month peak at 105.42. Japanese data today were mixed. Core national CPI came in unchanged at -0.5% y/y in… Read more »

Farmers hit by frost come together before harvest kicks off

Following what has been described as the worst year for frost in Western Australia’s history, towns all over the grain-growing region are coming together to catch up before harvest kicks off.One of those towns is Narembeen, where the community got together for a pre-harvest sundowner next to a ski lake.Below freezing temperatures across… Read more »

XE Market Analysis: Europe – Oct 28, 2016

USD-JPY rallied to a fresh three-month peak at 105.37 concomitantly with a spike in U.S. Treasury yields. EUR-JPY managed to edge out a two-week peak, while AUD-JPY has remained below the three-month high seen earlier in the week. The weaker yen fuelled Japanese stock market outperformance, with the Nikkei 225 closing with a 0.7% while… Read more »

Margaret River students learn to grow their own food

Margaret River, a district famed for its wine and rapidly developing reputation for superb cuisine, is preparing the next generation of farmers.The town’s senior high school has its own 18-hectare farm and according to manager Peter Wright, it is preparing students to be part of the emerging demand for organic and locally… Read more »

Exporters repositioning and selling ships as tough year bites

Cattle loading at East Arm Wharf in Darwin. A tough year for livestock exporters is showing few signs of easing in coming months, as the approaching wet season set to make it harder to source cattle. With cattle already in tight supply and restockers competing heavily for available numbers after recent rain, the market for steers… Read more »

Industry achievers saluted at LIVEXforum

AUSTRALIAN livestock exporters have celebrated the achievements of two of their peers at at the industry’s annual Gala Dinner, held this year in Canberra, as part of the LIVEXforum 2016 conference. Livestock Shipping Services supply chain manager Byron O’Keefe was named Landmark International/ALEC Young Achiever of the Year, while internationally regarded livestock consultant Jim Stewart… Read more »

McDonald’s to provide key consumer insights at MLA AGM

Frank Carbone Frank Carbone, Managing Director of McDonald’s Asia Pacific Consortium (MAC) will provide producers and industry representatives with key insights into changing consumer expectations for red meat at the Meat & Livestock (MLA) AGM and 2016 Red Meat Industry Forum next month. Mr Carbone has been announced as the keynote speaker at MLA’s Networking… Read more »

Drones: Can they be flown beyond ‘line of sight’?

Drones could soon be performing a range of useful tasks in Australian agriculture, from monitoring water, stock, pasture or crops to spreading beneficial bugs in crops or lighting fires for back burning. However, one key obstacle currently stands in the way of greater uptake of drone technology. While the capabilities of the technology itself and… Read more »

XE Market Analysis: Asia – Oct 27, 2016

The dollar was on a firmer footing through the N.Y. session on Thursday, resulting in USD-JPY climbing to three-month highs, USD-CAD to a seven-month top. EUR-USD faded, though remained above lows of the week. Cable meanwhile, eased into 1.2150, despite the better U.K. GDP reported in London morning trade. Incoming U.S. data was mixed, with… Read more »

More mixed signals in the housing market

The picture of the housing market go a little bit less murky this week, and a little bit brighter. First of all, new home sales, while down from the July peak, continued with the upward trend.  Thhis is best shwon by comparing the more noisy monthly data (blue) with the quarterly average (red): The quarter… Read more »

Memorial service for the late Jimmy Matthews

A MEMORIAL service celebrating the life of the late Jimmy Matthews will be held not far from Melbourne Airport on November. Jim Matthews. Image: Australian Campdrafting Magazine. Mr Matthews, a much respected and widely known stock agent for more than 60 years, including the past 25 years or so with Landmark, died suddenly eight days… Read more »

Recruitment: Are your staff policies up to scratch?

Latest listings on Jobs Central recruitment page: add latest recruitment listings here add latest recruitment listings here add latest recruitment listings here Click here to access these and other exciting meat and livestock supply chain jobs currently listed on Jobs Central. AS an employer, are your policy and process documents really up to scratch when it… Read more »

Dubbo sale 27 Oct 2016: Variable market for plainer quality yarding

Numbers were down by 500 for a yarding of 4540. It was a plainer quality yarding with not the numbers of ideal trade cattle and heavy weight bullocks compared to previous sales. Cows were well supplied and there was a large influence of far western cattle throughout the yarding. Consignments were sourced from Louth Cobar… Read more »

XE Market Analysis: UK Post Brexit Economy Resilient in Q3

OVERVIEW Sterling jumps from below 1.21 on Tuesday to testing towards 1.23 helped by the strong Q3 GDP reading. The Mexican Peso weakens as Trump starts to edge ahead in the polls, especially in Florida. The trade deficit in the US grows as the US Dollar’s strength bites into its competitiveness. HIGHLIGHT Q3 GDP data… Read more »

XE Market Analysis: Europe – Oct 27, 2016

EUR-USD oscillated around 1.0900 and USD-JPY around 104.50 in mostly eventful forex trading ahead of the London open. USD-JPY has run out of puff after logging a three-month peak at 104.87 on Tuesday. EUR-JPY and other yen crosses have seen a similar price action. BoJ Governor Kuroda appeared before parliament today, where he said that… Read more »

XE Market Analysis: North America – Oct 27, 2016

The dollar majors remained directionally uneventful into the North American open. EUR-USD settled to an oscillation around 1.0900, below yesterday’s one-week high at 1.0946. The pair has now made three successive higher closing levels on the daily chart, which along with a tallying decline in downside momentum indicators suggest a base has been established after… Read more »

JBS shelves plans for US stock market float

THE world’s largest meat processor, JBS SA, has cancelled plans to reorganise its business by floating most of the company on the New York Stock Exchange and moving management to Ireland. The dramatic turn of events came after minority shareholder, the Brazilian Government’s National Development Bank (BNDES), vetoed the move. JBS shares dropped dramatically on… Read more »

Australia’s Wagyu shipping trade to Japan back up and running

The Devon Express carrying the first consignment of F1 Angus Wagyu steers and heifers from Australia following the lifting of the recent trade suspension arrives at the Shin Moji Port in Japan. FOR more than 15 years a small but reliable shipping trade to Japan has been the backbone of Australian’s first-cross Wagyu industry. After… Read more »

Seam cutting: Processors chasing smaller sub-primals with greater value

MSA’s Kelly Payne explains seam cutting of blade muscles to a producer audience in Toowoomba RECORD high cattle prices are making it increasingly attractive for processors and others utilising carcase or whole primal beef to chase smaller sub-primal muscles in an attempt to extract optimum value from each animal. Seam-cutting of good performing sub-primals from… Read more »

AMPC report identifies risks to Australia’s red meat industry

Click on image to download the full ‘A Feast of Ideas’ report from the AMPC website. Fierce international competition and changing consumer tastes are placing Australia’s $23 billion red meat industry is at risk. And only a proactive, unified and whole-of-industry approach can help the industry to successfully address the challenges. This is according a new… Read more »

Seasonal climate outlook Nov 2016-Jan 2017

[embedded content] The Bureau of Meteorology’s latest three monthly rainfall outlook released this morning suggests that areas eastern Australia may be in for a drier than average start to summer. November to January rainfall is likely to be above average across large parts of WA. Conversely, rainfall may be below average in some areas of… Read more »

XE Market Analysis: Asia – Oct 26, 2016

The dollar pulled back some in morning N.Y. trade on Wednesday, as profit taking continued following Tuesday’s nine-month top in the DXY. Incoming U.S. data was supportive of the greenback however, with trade and inventory data implying a stronger Q3 GDP reading. The USD later turned higher, also helped by an oil rally inspired Wall… Read more »

WH&S: Quad bike rollover alert launched

Commercial GPS tracking company, Austracker, has launched of the Rollover Rescue Tracker, an automated alert-based system designed to drastically reduce the time taken to rescue farmers if their quad-bike rolls. Quad bike rollovers are currently the leading cause of farm deaths in Australia. According to a study by The Transport and Road Safety Research Centre… Read more »

XE Market Analysis: The Aussie Shows Kangaroo-like Qualities

OVERVIEW Sterling took a pounding yesterday from 1.2240 to 1.2080 as higher US house prices helped strengthen the US dollar while domestic politics in the UK weakened Sterling. The Canadian Dollar continues to weaken gradually to 1.3350 against the US Dollar despite a gradual strengthening in oil prices. The Swiss Franc had a sudden move… Read more »

XE Market Analysis: North America – Oct 26, 2016

The dollar traded on softer footing, principally against the euro and the Australian dollar. EUR-USD popped above yesterday’s 1.0905 high, building on the rebound from the 1.0851 low, which was the lowest level seen since March. The high so far is 1.0933, which is the loftiest level seen since last Thursday’s post-policy meeting ECB press… Read more »

Weekly Property Review: Fencing to capture profit (+ Western Qld cluster map)

The pending sale of the Tiller family’s property Leinster, south of Mungallala, in Queensland’s Maranoa, is being viewed as a test of the perceived market value of cluster fencing. While the sale of one property will not be enough to discern a trend, it could show whether buyers place a premium on fencing upgrades. The… Read more »

XE Market Analysis: Europe – Oct 26, 2016

Most dollar majors are trading near net unchanged as the London interbank enters the fray. EUR-USD has seen less than a 20 pip range in the upper 1.08s after failing to sustain yesterday’s brief gains above 1.0900 nor earlier losses that left a seven-month low at 1.0851. USD-JPY ebbed back to the lower 104s after… Read more »

Alliances, investment could help to reduce technical barriers in China, conference told

About 300 Australian and Chinese delegates gathered at the Access China conference in Shanghai this week. Picture: Toowoomba Surat Basin Enterprise Further Chinese investment in the Australian red meat supply chain is one of the keys to speeding-up progress in lowering technical trade barriers for Australian beef aiming to access the Chinese export market. That… Read more »

Frustrating process for Oakey’s ambitions to send chilled beef to China

Oakey GM Pat Gleeson engages with a  Chinese delegate during the conference in Shanghai yesterday Southern Queensland’s NH Foods Oakey Beef plant is one of dozens of Australian export beef processors, which for reasons not clearly understood, is unable to ship chilled beef to China. The trade access issue was the dominant reason why Oakey… Read more »

XE Market Analysis: Asia – Oct 25, 2016

The dollar rallied in early N.Y. trade, taking the DXY to nine-month high over 99.00. EUR-USD touched 1.0852, a better than seven-month low, as USD-JPY rallied to a nearly three-month high of 104.85m, as cable slid to 1.2089, levels last seen on the “flash-crash” on October 7. USD gains were not to hold however, as… Read more »

XE Market Analysis: Greeback Comfortable Before Election

OVERVIEW The Chinese Yuan trades at its lowest levels since the Bank of China opened the currency up to offshore trade in 2010. The Pound comes under renewed pressure ahead of Central Bank Governor Mark Carney’s address later this afternoon. Dollar remains strong as FED’s Williams hints at December rate hike again.  HIGHLIGHT The US… Read more »

XE Market Analysis: North America – Oct 25, 2016

The yen weakened, which lifted USD-JPY and EUR-JPY, and other yen crosses, while EUR-USD saw on a brief bid following forecast-beating German Ifo business expectations survey for October. The Canadian dollar was volatile, rallying sharply before dropping back following remarks by BoC Governor Poloz, who miscommunicated that monetary policy would be on hold before correcting… Read more »

XE Market Analysis: Europe – Oct 25, 2016

USD-JPY edged out a 13-day high of 104.49 in a quiet news day in Asia, building on gains seen yesterday. The pair needs to rally above 104.63, which is the October-12 peak, to extend the rally seen from levels near 100.00 in late September. EUR-JPY, AUD-JPY and other yen crosses are also up today, reflecting… Read more »

Hancock Group defends Australian-Chinese bid for S Kidman and Co

The Hancock Group has defended its joint Australian-Chinese bid for the Kidman cattle empire by denying an all-Australian offer is superior.A syndicate of four grazier families is making a $386 million bid for S Kidman and Co, effectively a couple of million dollars more than the preferred offer by Hancock Prospecting… Read more »

Hancock group says Kidman bid will secure 'legacy' of cattle empire

The Hancock Group has come out in defence of its joint Australian-Chinese bid for the Kidman cattle empire, denying an all-Australian offer is superior. Key points:Hancock says they won’t close down or “radically change” Kidman’s Adelaide head officeThe Australian syndicate’s plan is to add Kidman properties to individual family businesses, then… Read more »

Indonesia-Australia working party to work out breeder cattle import quotas

Indonesia and Australia have agreed to work through difficulties about new cattle quotas which require 20 per cent to be breeders. The cattle trade ground to a halt in September, with six vessels waiting off the Darwin, Townsville and Broome Ports leading to more costly shipping, as a result of the new import… Read more »

Queensland feedlot owner admits to underpaying backpackers

A feedlot owner has admitted to underpaying backpackers working on his farm in the South Burnett.The Fair Work Ombudsman took action against Robert Maudsley and his company Waterfall Feedlot Pty Ltd, which owns and operates a cattle feedlot at Goomeri, west of Gympie, in September.He was accused of short-changing six 417 working… Read more »

XE Market Analysis: Asia – Oct 24, 2016

The dollar trended higher in N.Y. trade on Monday, keeping the DXY near its almost nine-month high recorded in London. EUR-USD eased under 1.0875 from highs of 1.0899 into the open, while USD-JPY topped at better than a one-week high over 104.30. USD-CAD ran up to within a hair of the 134.00 mark, while cable… Read more »

XE Market Analysis: Dollar Stronger on Expected Rate Hike

OVERVIEW The US Dollar hit a nine month high against a basket of currencies as markets predict a Clinton win in the upcoming election.  The Pound stays out of favor as the BBA said some banks may start moving their operations to Europe before Christmas.  EU manufacturing surveys impress with a reading of 53.3 against… Read more »

XE Market Analysis: North America – Oct 24, 2016

The dollar majors posted narrow ranges, with EUR-USD and USD-JPY trading narrowly in the respective upper 1.08s and upper 103.0s. USD-CAD managed a new trend peak follow dovish sounding BoC-speak over the weekend. The CNY continued to weaken, the PBoC today fixing it at a six-year low at 6.769. Perky flash manufacturing PMI data October… Read more »

Queensland cattle property may have been mistakenly ruled national park

A cattle property near the southern Queensland town of Maryborough may have been mistakenly turned into a national park 12 years ago, the state Environment Minister says.Steven Miles is blaming the previous state government for the ongoing anguish of the Lohse family, which has held a grazing lease at a property since… Read more »

XE Market Analysis: Europe – Oct 24, 2016

The dollar opened the week in consolidative mood, holding near recent highs. The euro was also steady after recent underperformance, seen as markets factored in the ECB extending its QE program beyond next March, which is expected to be announced at the December council meeting. EUR-USD settled in the upper 1.08s, above Friday’s seven-month low… Read more »

Northern Australia secures $98m for key cattle transport routes

Key cattle transport routes in northern Australia have been targeted for funding under the Federal Government’s beef roads program. The announcement comes 18 months after $100 million was first pledged and after a series of meetings were held with the cattle industry in Queensland, the Northern Territory and Western Australia.Of… Read more »

Brexit causing pain for Irish food exporters

If Australia thinks there will be opportunities in Britain after the Brexit, spare a thought for the Republic of Ireland.Ireland is the food bowl of the UK, supplying a quarter of all Britain’s beef, much of its vegetables, milk and processed food.But now trade-exposed Irish farmers and food exporters are seeking help from… Read more »

Prawns arrive in Exmouth for Project Sea Dragon

The company looking to build one of the world’s biggest prawn farms on a cattle station in the Northern Territory has reached an important milestone, with the arrival of broodstock prawns to its newly-upgraded quarantine facility.Seafarms Group has completed a $1.3 million upgrade of its prawn quarantine and founder stock facility… Read more »

Dramatic year-on-year contrast, as processor NCMC delivers scant $1.57m profit

THE dramatically changed fortunes of the beef processing sector were in clear evidence this morning when producer-owned Northern Cooperative Meat Co released its annual results to shareholders. NCMC, which operates a large beef and smallstock processing plant near Casino, logged a $1.57 million profit before tax for the 2015-16 financial year, ended June 30. The… Read more »

‘We were given an airport, we might as well use it’

Passengers boarding the Qantas A330 jet yesterday for the history-making first international passenger flight from Toowoomba’s Brisbane West Wellcamp Airport. Image; Thu The Lens media.   HOW much ‘guts’ does it take for a small regional economic development agency to charter an international passenger jet to China? What was achieved yesterday when a Qantas A330 jet… Read more »

Fed Govt commits $138 million to northern roads

The Federal Government has announced further funding this morning to help develop roads in Northern Australia. Road projects to be rolled out across Northern Australia include: $30 million in the Northern Territory as part of the Northern Australia Beef Roads Program; $56 million will be invested in key beef roads in Queensland as part of the… Read more »

International Economic Week in Review: Is The Long Period of Deflation Over?

     After years of discussing the possibility of developed world deflation, inflation might be accelerating, relatively speaking.  The latest reading of Chinese producer prices was positive for the first time in three years.  Due to China’s position as the world’s manufacturer, this could eventually seep into other developed economies such as the EU and US. … Read more »

Fed President Fisher Explains Why Rates Are So Low

     Recently, Donald Trump accused the Federal Reserve of deliberately keeping rates low for purely political gain.  Several other Republican Congressmen and bloggers have made similar allegations.  But these pronouncements run counter to empirical data.  For example, earlier this year the San Francisco Federal Reserve released a study showing that the current level of interest… Read more »

US Equity and Economic Review: Expect a Slight Move Lower

     This week’s news confirmed that the US economy continues to grow moderately.  The Fed’s Beige Book and Conference Boards LEI/CEI release confirmed one another’s general observation the economy is advancing, albeit slowly.  The housing market continues to offer positive news while the industrial sector’s weak growth continues.  Turning to the markets, despite improvement… Read more »

Australian grazing families confirm $386 million offer for Kidman

BBHO spokesperson Sterling Buntine addresses media about the syndicate’s offer to buy S. Kidman & Co at Parliament House in Canberra. A consortium comprising four Australian grazing families represented by Tom Brinkworth, Sterling Buntine, Malcolm Harris and Viv Oldfield on Sunday announced it will submit a $386 million offer to acquire 100pc of the shares of S. Kidman… Read more »

Australian graziers outbid Rinehart for Kidman cattle empire

An all-Australian syndicate has made a $386 million bid for the Kidman cattle empire, trumping that of mining magnate Gina Rinehart and her Chinese joint venture partner.The offer by four families with extensive livestock and transport operations is unconditional and is more than the joint bid by Ms Rinehart’s Hancock Prospecting… Read more »

Weekly Indicators: the wobbles turn more neutral edition

Commodity prices as measured by industrial metals bottomed last November. ECRI subsequently turned up as well, enough so that both turned positive. In the last month, however, metals have been negative for all but one week. Stock prices S&P 500 Up +0.4% w/w Stock prices became a positive having made new all-time highs in summer…. Read more »

It’s complicated: Australia’s relationship with eating meat

Australia has a long-standing history as a country that loves its meat. Meat production and processing in Australia occupies over half of the land mass, makes an important contribution to the Australian economy and employs over 53,000 people. Meat also has deep cultural and social significance, as seen through Meat and Livestock Australia’s most recent… Read more »

Tough going continues in US grinding beef market

AUSTRALIAN exporters continue to encounter tough trading conditions in the US grinding beef market. The graph published here, prepared this week by Steiner Consulting, graphically illustrates the changing fortunes for Australian manufacturing beef exports to the United States over the past three years. Tonnage has continued to decline dramatically as the 2016 years has worn… Read more »

XE Market Analysis: Asia – Oct 21, 2016

The dollar advanced further in N.Y. trade on Friday, taking EUR-USD to seven-month lows of 1.0860. USD-CAD also made a seven-month high of 1.3350 on the back of soft Canadian data, and wobbly oil prices. Cable recovered from lows near 1.2170, topping at 1.2242 into the Friday close. There was no U.S. data to drive… Read more »

XE Market Analysis: Chinese Yuan Hits 6-Year Low

OVERVIEW The ECB left its QE program on hold, unveiling that there were no discussions for any further loosening in policy. In the UK, the release of the public finances reported a widening in the public finances deficit. The Euro drops to its lowest levels since June against the US dollar as investors feel underwhelmed… Read more »

XE Market Analysis: North America – Oct 21, 2016

The dollar continued to traded firmly, driving, with the help of a generally soft euro, EUR-USD to a seven-month low. The dollar logged an eight-day peak versus the Canadian dollar and a four-day high against sterling, though the greenback remained below the four-day high it saw against the yen yesterday. The euro lifted off its… Read more »

Young cattle continue to dominate results in another large AuctionsPlus offering

This line of Angus/Shorthorn steers, 7-9 months weighing 246kg from Gravesend, NSW sold today for 471c/kg or $1160 a head CATTLE numbers listed on the AuctionsPlus online trading platform remained high this week, with lighter steers and heifers continuing to feature strongly in a total consignment of 12,420 head. Highlights among the lighter steers on… Read more »

XE Market Analysis: Europe – Oct 21, 2016

The dollar majors have plied narrow ranges. Hong Kong markets were closed by a “storm signal no. 8” warning as typhoon Haima hit town. The dollar settled to a consolidation of recent gains. USD-JPY has ebbed back under 104.00 after logging a four-day peak at 104.20 yesterday. The pair had rallied from a low seen… Read more »

New grazing monitoring collar paves way for exciting feed intake research

AN exciting new piece of technology has been developed to prototype stage, aiming to allow feed intake, and by default, feed conversion efficiency, to be accurately monitored in cattle grazing in pasture situations. The eGrazor project relies on a non-invasive collar-based sensor system fitted to cattle, using inertia measurement units and other sensors. The “gee-whiz”… Read more »

Some timely perspective: Australian beef in a global protein context

Ben Thomas addresses the BeefEx 2016 conference on the Gold Coast. How big a deal is Australian beef production on the world stage? Compared to total world protein supply, Australian grassfed and grainfed beef production accounts for less than half of one percent, as the above image graphically illustrates. “Needless to say we are a very,… Read more »

Global market outlook to feature at 2016 Red Meat Industry Forum

The international outlook for Australian red meat will be a focus of the upcoming 2016 Red Meat Industry Forum, being held with Meat & Livestock Australia’s Annual General Meeting in Hahndorf in the Adelaide Hills on Thursday, 10 November 2016. Michael Finucan Among the key speakers at the forum will be MLA’s General Manager International… Read more »

Grainfed beef supply chain earns Qld exporter award

Queensland grainfed beef supply chain Stockyard has been recognised for its outstanding export success and contribution to the state’s economic activity, receiving the agribusiness award at the Premier of Queensland’s 2016 export awards last night. The award recognises the company’s significant export achievements throughout Japan, the Middle East, Korea and South East Asia over the… Read more »

XE Market Analysis: Asia – Oct 20, 2016

The DXY rallied to seven-month highs of 98.40, largely lead by EUR-USD’s drop to 1.0915, four-month lows. Key for the euro will be the June 24 (Brexit Day) lows of 1.0912. USD-JPY and USD-CAD meanwhile, rallied to their respective intra day highs, while cable continued to bump along under the 1.2300 level. During his press… Read more »

Recruitment: Keeping your most valuable employees happy and productive

Latest listings on Jobs Central recruitment page: Station Manager – Alexandria Station (NAPCo) Early Career Station Hand (Rennylea Angus) Overseer – Nockatunga Station (CPC) Station Managers (MDH Pty Ltd) Feedlot Manager – Tallawanta feedlot, NSW (Allied Beef) Feedlot Manager (Appletree Feedlot) Regional Rural Enterprise Officer (Central Land Council) Workplace Health & Safety Advisor (Bindaree Beef)… Read more »

September housing starts and permits: clear as mud!

Last Saturday in my Weekly Indicators column I noted that there was a little darkening of the data.  I elaborated on that Monday in this post: view of the ambiguous signals from other long leading indicators, I said that housing data this month would take on an added importance.  In general, what I have been… Read more »

XE Market Analysis: Sharp Slowdown in U.S. Housing Starts

OVERVIEW The Bank of Canada kept rates on hold as expected but surprised the market when Governor Poloz said they had discussed easing monetary policy. National Australia Bank’s quarterly survey of more than 920 firms showed its index of business conditions fell 4 points to +7 in the last quarter. Brazil’s central bank cut interest… Read more »

XE Market Analysis: North America – Oct 20, 2016

The dollar traded moderately firmer. USD-JPY recouped to the upper 103s versus yesterday’s 10-day low at 103.16. EUR-JPY and other yen crosses have seen a similar price action, though USD-JPY’s rebound was bigger in magnitude as broader dollar firmness was a factor following the Fed’s latest Beige Book report, which was sufficiently upbeat to maintain… Read more »

XE Market Analysis: Europe – Oct 20, 2016

The dollar is moderately firmer heading into the open of the London interbank market. USD-JPY recouped to the upper 103s versus yesterday’s 10-day low at 103.16. EUR-JPY and other yen crosses have seen a similar price action, though USD-JPY’s rebound was bigger in magnitude as broader dollar firmness was a factor following the Fed’s latest… Read more »

Australian Certified Humane program launched for grassfed beef

Alisdair Robertson at the Australian Certified Humane information day. It is no secret that more consumers are taking an interest in how the animals that provide their food are raised. Alisdair Robertson witnessed this growing trend through his years as a butcher, beef retailer, restaurateur and now as a wholesaler. He says there is clear… Read more »

Restaurant diners taking beef price rises in their stride

Chefs Andrew Mirosch (right) and Victor Marmysz (left) from Sirromet Winery Restaurants with Rolleston cattle producer and PCAS pioneer Ian McCamley at the launch of Australian Certified Humane in Toowoomba earlier this week. Ask top Brisbane chef Andrew Mirosch how higher cattle prices have affected beef sales in his restaurants, and his answer may come… Read more »

Vale pastoral agency legend, Jimmy Matthews

PASTORAL agency industry veteran Jimmy Matthews has passed away overnight, aged 81. Mr Matthews, whose cattle industry career spanned 67 years, worked for Landmark and its predecessor businesses since 1989, where he had a roving brief across Australia’s pastoral regions in his role as national key account manager. In this role he would make regular… Read more »

New cattle forward contract hedging tool hits the market

Financial product development company Riemann Agriculture has this week launched a forward contract hedging mechanism for cattle, based on the Eastern Young Cattle Indicator. The new Riemann Ag product is not a futures product, but an over-the-counter forward contract, operating via the Mercari licenced swap execution facility. The contract is cash-settled against the EYCI index… Read more »

XE Market Analysis: Asia – Oct 19, 2016

The dollar was mixed in N.Y. trade on Wednesday, trading largely sideways against the euro into Thursday’s ECB meeting, while losing modest ground to the yen. Cable squandered its morning gains, while USD-CAD was choppy on the back of the BoC policy announcement and gyrations in oil prices. U.S. housing starts were softer than expected,… Read more »

Dalby sale 19 Oct 2016: Market eases for heavier cattle

Cattle this week came from the Quilpie/Windorah area as well as the local areas of Moonie, Condamine, Kingaroy & St George. Some three day sickness in the Taroom/Wandoan area is restricting some vendors. The market was easier on the heavier cattle with light younger cattle still strong, but easier in places. Simmental steers to restockers… Read more »

XE Market Analysis: UK Unemployment Shows No Brexit Effect

OVERVIEW Stock markets down slightly after yesterdays’ positive sentiment. The Japanese Yen is the top performer of the major G10 currencies. U.S. housing starts tumbled to a 1-1/2-year low in September, falling 9% from August when they fell by almost 6%. Chinese GDP growth was in line with expectations at 6.7% for the third quarter… Read more »

XE Market Analysis: North America – Oct 19, 2016

USD-JPY and yen crosses proved the main action as the yen strengthened following a report in Kyodo News citing an unnamed BoJ member saying that there won’t be an easing at the November policy meeting. USD-JPY shed about 0.5% in making an eight-day low at 103.24, while EUR-JPY dipped by a similar magnitude as it… Read more »

Weekly Property Review: Increasing competition in the property marketing space

Cattle on Tanbar Station in Queensland’s channel country after flooding. Accountants Bentleys sold the property last year on behalf of Western Grazing as part of a deal worth +$130 million to Paraway Pastoral Co. IN A space traditionally occupied by pastoral houses and specialist property marketers, a new trend is emerging for investment advisors, accountants… Read more »