EACH rural property agency brings different strengths, strategies and views to the table when selling a cattle property – and it appears to be no different when it comes to the level of sale commission they charge. After a strong response to an earlier Beef Central weekly review about “Increasing competition in the property marketing… Read more »
A SUB-LEASE on Lake Gregory Station is being offered by the Aboriginal Land Trust (ALT) in a move which is set to test the waters for a new model of land management in Western Australia’s Kimberley region. A spokesperson for Western Australia’s Department of Aboriginal Affairs said Expressions of Interest are being sought to find… Read more »
The dollar continued to trade without directional ambition, despite the impressive Q3 GDP report out of the U.S. yesterday. Markets globally are cautious into the OPEC meeting today, with oil prices having been particularly choppy this week, rallying over 2% on Monday, diving by over 4% yesterday, and tumbling by over 1% during the Asia… Read more »
KIMALO Feedlot in far north Queensland has returned to the market with Colliers International, after a long-running sale agreement fell through. Kimalo’s extensive infrastructure include a 10,000 head feedlot licence, 64 holding pens, 70t weighbridge, grain and commodity shed as well as grain and liquids, silo, roller mill and silage pit Located near Mareeba, the… Read more »
John and Bronny Gladigau, Robin and Rebecca Schaefer from northern Mallee collaborative family farm Bulla Burra are into their eighth harvest. Focus on profitability, collaboration the catalyst. An innovative decision to collaborate to generate economies of scale otherwise not achievable on their own was a game-changing decision for South Australian farmers John Gladigau and Robin… Read more »
Cattle unloading at the new Oakey rail siding this morning. Click on images to view in larger format. From left, former Member for Gregory, Vaughan Johnson, Quilpie mayor Cr Stuart Mackenzie, chair of South West RED and Paroo Mayor, Cr Lindsay Godfrey and Oakey Beef Exports livestock manager Kurt Wockner are all smiles as the first… Read more »
Four months after the Federal Government’s $14.9 million “Farm Co-operatives and Collaboration Pilot Program (FCCPP) was launched, applications have come from agriculture sectors such as livestock, horticulture and irrigation. The program, a key initiative of agriculture minister Barnaby Joyce’s Ag White Paper, seeks to provide farmers with knowledge and materials on collaboration in agriculture. The FCCPP is being delivered… Read more »
Lambs with electronic EID or RFID tags. VICTORIAN farmers want the important sheep traceability report Sheepcatcher II to be released, but next Wednesday all state farmer bodies and government agriculture departments will vote on it. The keenly-awaited report will be considered in Sydney at what is expected to be the last meeting of the National… Read more »
[embedded content] TASMANIAN Independent MP Andrew Wilkie has proposed legislation for all livestock exported from Australia, including sheep, to be identified and tracked with an electronic ear tag, to tighten trade regulation. The well-known opponent of the live export trade, yesterday read the Australian Meat and Livestock Industry (Amendment) (Tagging Livestock) Bill 2016 for the second time… Read more »
Australia’s canola farmers are tipped to deliver a much bigger harvest this year.The industry is expecting to strip around 3.5 million tonnes from a national production area fairly similar area planted to canola in 2015.Surprisingly the oilseed has managed to withstand some major seasonal challenges including frost in Western Australia and waterlogging in… Read more »
IN a surprise move that has blindsided farming groups, the Senate today rejected the Government’s proposed 15 per cent tax for backpackers and seasonal workers. The Senate voted 35-32 to reject the compromise tax rate after it was widely expected that the new proposal would pass. The Labor Party moved an amendment for a 10.5pc… Read more »
BIG changes have occurred over the past decade in the way the US beef industry sells feedlot cattle, US economist Ted Schroeder told yesterday’s Australian Meat Processor Corporation conference in Sydney. As the accompanying graph shows, so-called ‘formula’ price arrangements(green line), involving longer-term supply agreements of some kind for finished cattle sold by feedlots to… Read more »
ADVANCES in electronic technologies have paved the way for a new stock water monitoring system using satellite-based data transfer instead of ground-based systems to be launched onto the market. AgTech start-up company Farmbot claims its satellite-linked watering point monitoring system is competitive in price with 3G and 4G wireless technologies, while being more reliable, and… Read more »
The dollar started the session on a stronger footing, though spent the remainder of the day largely fading lower. Month-end adjustments, and paring of long USD positions into Wednesday’s ADP jobs report was the rationale. The market took advantage of improved U.S. Q3 GDP revisions to sell into. EUR-USD based at 1.0565 after the data,… Read more »
A GROUP of like-minded advocacy groups has come together to end the data drought by championing better communications services for consumers and small businesses living in rural, remote or regional areas. The Regional, Rural and Remote Communications Coalition includes the Australian Communications Consumer Action Network (ACCAN), the National Farmers’ Federation (NFF), the Country Women’s Association… Read more »
OVERVIEW UK consumer credit rose at its fastest pace in 11 years, with mortgage approvals stronger than expected. South Africa’s president survived a second vote of no confidence that sent the Rand tumbling. Unemployment in Japan held steady at 3% in October, with improvement in the availability of jobs pointing to a pickup in hiring…. Read more »
Today’s 14-day rainfall outlook – scroll to bottom of article For the week to 29 November 2016, rainfall was recorded in the Gascoyne, Pilbara, Kimberley and central interior districts of Western Australia; in northern and central parts of the Northern Territory; areas covering the Gulf Country; central and southeastern Queensland; northeast and southern New South… Read more »
Brazilian beef represented a threat to Australian lean grinding beef exports to the US, because of its direct ‘substitutability’, a US risk management expert told a red meat processor gathering in Sydney earlier today. Prof Ted Schroeder Economist Professor Ted Schroeder, the director for the Centre for Risk Management, Education and Research at Kansas State… Read more »
2016 Peter Westblade scholarship wi8nners, from left, Emily Anderson, Josh Malloy with Craig Wilson. YOUNG people passionate about the sheep and wool industry, and wanting to make a difference, can now apply for the prestigious 2017 Peter Westblade Scholarship. The scholarship is in its sixth year of providing opportunities for young people to experience all… Read more »
A bumper cropping year has filled the large grain storage-pads at AA Co’s Goonoo Feedlot to capacity for the first time in recent memory. Goonoo, 20km south of Comet, is Central Queensland’s largest feedlot and one of the region’s largest individual users of grain and hay, feeding out 240 tonnes of ration each day. Goonoo is a… Read more »
AUSTRALIAN Wool Innovation is hoping to tap into the creative energy of student app builders for wool’s benefit with a unique tertiary scholarship and inter-varsity program. The wool research, development and marketing body has announced a collaboration with the Entrepreneurship Commercialisation and Innovation Centre at The University of Adelaide to create the 2017 Australian Wool Innovation… Read more »
HOT, dry weather is continuing to push slaughter cattle to market, with some Queensland and NSW export processors saying they are now more or less covered for the remainder of their 2016 kill requirements. The majority of Queensland/NSW plants appear to be scheduling last kills for Friday 16 December, with a few pushing a shift… Read more »
Dr Max Shelton A career spanning almost 50 years in teaching and leading tropical pasture and agroforestry research was celebrated at a dinner in Brisbane earlier this month. Dr Max Shelton from the University of Queensland is one of Australia’s leading plant scientists, with a footprint of work extending from Australia to South East Asia and… Read more »
A wild dog triggering a canid pest ejector in north west NSW. Photo – Grant Davis. WESTERN New South Wales landholders with a wild dog or fox problem can get accreditation to use baited products and canid pest ejectors by attending training workshops across the state early next year. Landholders planning to attend one of… Read more »
AUSTRALIA’S national agvet chemical regulator, the Australian Pesticides and Veterinary Medicines Authority (APVMA), will open its office in Armidale in northern NSW next March. It follows the government sign-off to relocate the Authority from Canberra, a move that is contrary to the preferences of farmer organisations NFF, GrainGrowers Ltd and Grain Producers Australia. Deputy Prime… Read more »
Feed manufacturers are now able to supply ‘PCAS-Approved’ feed and forage products to producers through the Pasturefed Cattle Assurance System. Cattle Council of Australia president Howard Smith said that acceptable feed for livestock under the PCAS program has been a subject of confusion for some producers. “Producers will now be able to purchase ‘PCAS-Approved’ feed from… Read more »
The dollar was fairly steady through the N.Y. session on Monday, though remained on a softer footing following overnight losses. EUR-USD ranged between 1.0563 and 1.0604, as USD-JPY traded as high as 112.80 at the open, before falling to 112.07 lows, on lower yields and a softer Wall Street. USD-CAD fell from overnight highs of… Read more »
OVERVIEW Markets have kicked off the week on a negative foot, with stocks lower across Europe, and bond yields falling in a typical risk-off trade. The Euro rallied on Francois Fillon’s victory as the Republican party’s candidate for next year’s election, but gains were short-lived. The OECD revised their global growth forecasts on expectations that… Read more »
THE Australian Wagyu Association has recognised the outstanding contribution Queensland’s Greg Gibbons has made to the Wagyu industry by awarding him honorary Life Membership during a recent industry gathering at Kerwee feedlot on the Darling Downs. AWA president Peter Gilmour said it was fortunate for the Australian Wagyu industry, when in 2002 Dugald Cameron sold… Read more »
[embedded content] Summer (December to February) rainfall is likely to be below average in parts of the east and above average in northwest WA, according to the Bureau of Meteorology’s latest seasonal climate outlook statement. The December outlook shows a drier month with warmer days for most of the country. Warmer days and nights are… Read more »
A special multi-topic forum in Hughenden next week will explore how the beef industry can tap into northern development opportunities to create jobs and grow North Queensland’s economy. The ‘Cattle, Carbon and the Untapped North’ forum – hosted by AgForce with the support of FTI Consulting – will be held at the Diggers Entertainment Centre… Read more »
AWI CEO Stuart McCullough CONTENT delivered direct to wool growers digitally and not via mainstream media is central to Australian Wool Innovation’s communication’s strategy, chief executive officer Stuart McCullough has said. At AWI’s recent annual general meeting in Sydney, Mr McCullough said he wanted to tailor digital content to wool growers directly, “controlling the message” and… Read more »
A COMPOSTING business set up by a group of farmers in Central Queensland (CQ) to turn farm by-products into valuable soil improving mulch is being overwhelmed with demand, particularly from cotton growers in the region. Compost materials are mixed in long windrows which are kept moist and turned regularly. Established 10 years ago, CQ Compost… Read more »
3D printing technology for red meat products could present the next big advancement in value adding to the Australian industry, following new research published by Meat & Livestock Australia (MLA). A recent MLA research project reviewed market acceptance and value proposition for 3D printed food with meat as an ingredient – particularly investigating how the… Read more »
A solar-powered ‘smart’ tag. SOLAR-POWERED ‘smart’ sheep tags that offer reproductive, animal welfare and stock theft benefits are being developed by Australian Wool Innovation. AWI’s general manager of research, Dr Paul Swan, told wool growers at AWI’s 2016 annual general meeting that the farm automation and software development area underpinned many of the developments in… Read more »
AUSTRALIA’S farmers are looking forward to a quick resolution to the backpacker tax debate after the Federal Government today announced it will support a 15 percent rate for working overseas holiday-makers. Treasurer Scott Morrison said the Coalition will support a 15 per cent tax rate for working holiday makers and introducing a bill into the… Read more »
THE FEDERAL government may pass its controversial backpacker tax this week after agreeing to a compromise that would see the tax set at a new rate of 15 per cent. The compromise position was reached today after SA senator Nick Xenophon, Victorian senator Derryn Hinch and senators from Pauline Hanson’s One Nation party indicated they… Read more »
AuctionsPlus marketing officer, Alexa Hearn presents Tom Brodie with his 2015-16 Top Cattle Assessor award last week. CENTRAL western Queensland stock and station agent Tom Brodie is AuctionsPlus’s top cattle assessor across Australia for the 2015-16 trading year. Over the 12-month cycle, he assessed and offered 6800 cattle and 13,000 sheep on behalf of clients… Read more »
MLA’s Michael Crowley. SHEEP meat and beef producers are being asked by Meat & Livestock Australia to submit preliminary proposals for on-farm research, development and adoption projects. The 2017/18 MLA annual call invites preliminary proposals for funding to address the three RD&A priorities for the sheep meat and grass-fed beef industries. The priorities are: Whole… Read more »
Dr Lewis Kahn. SHEEP wellbeing and productivity research at the Cooperative Research Centre for Sheep Industry Innovation will be led by livestock scientist and consultant, Dr Lewis Kahn, with the retirement of program leader Professor Geoff Hinch. Sheep CRC chief executive officer James Rowe said Professor Hinch had made an immense contribution to the industry… Read more »
Meat & Livestock Australia is calling for individuals, organisations and project teams to submit preliminary proposals for on-farm research, development and adoption (RD&A) projects that benefit sheepmeat and grassfed beef producers. The 2017/18 MLA annual call invites preliminary proposals for funding to address the three RD&A priorities for the sheepmeat and grassfed beef industries. The… Read more »
This line of rising two-year-old PTIC Shorthorn heifers from Hay, NSW made $1820 on Friday. CATTLE numbers decreased again this week on AuctionsPlus with the offering of 6456 head down 15pc on the previous week. Harvest activity across eastern Australia’s mixed farming grazing areas was blamed as a contributing factor, and with near-record crops in… Read more »
It was a relatively quiet FX session in N.Y. on Friday, though the dollar managed to take back some of the losses it suffered overnight. EUR-USD slipped back under 1.0600, as USD-JPY reclaimed the 113 handle. USD-CAD edged over 1.3500 as oil prices fell further, while cable was steady over 1.2400. The advance October trade… Read more »
OVERVIEW Black Friday and a Thanksgiving hangover has led to quiet markets today with currencies generally falling flat. The second estimate of Q3 UK GDP was unchanged at 0.5%, confirming the UK economy is performing well. U.S. stock markets hit fresh record highs as the rally continues. HIGHLIGHT UK GDP growth in the three months… Read more »
[embedded content] Summer (December to February) rainfall is likely to be below average in parts of the east and above average in northwest WA, according to the Bureau of Meteorology’s latest seasonal climate outlook statement. The December outlook shows a drier month with warmer days for most of the country. Warmer days and nights are… Read more »
CENTRAL West NSW farmer Shane Peasley was one of many to lose crops in this year’s near-record Lachlan Valley floods. His farm, Myall Park, sits between Lake Cowal and the Newell Highway near Forbes. Three months after the floodwaters arrived, one-third of his 2016 winter crop remains submerged. Flooding has wiped out a 300ha crop… Read more »
[embedded content] THE adoption of X-ray technology in objective carcase measurement for robotic automation applications in the beef industry appears to be making progress. Scott Technology has this week produced this short video clip showing the use of DEXA x-ray carcase scanning and other emerging technologies under trial at JBS Australia’s Dinmore (Qld) beef plant… Read more »
James, Gary and Luke Hardwick at today’s expansion opening VICTORIA’s Hardwicks beef and lamb processing plant at Kyneton today officially opens its $5.9 million expansion, which will add an additional 170 jobs at the plant and within allied businesses.The completed project has delivered a new boning room, a cold storage facility and an expansion of… Read more »
Latest listings on Jobs Central recruitment page: Assistant farm manager – South Australian position Head Stockperson – Babbilora (Australian Country Choice) Production and Shipping Trainee – Beef (Mort & Co) Bull breeding unit manager – Carrum Station (AA Co) Station manager – Pier Pier (Paraway Pastoral Co) Livestock Operations Compliance manager (Austrex) Feedlot staff –… Read more »
An artist’s impression of a ‘hyperloop’ transport system in regional Australia. Is this a glimpse into the future of inland transport and freight in Australia? It may seem far-fetched but the challenge of bringing this futuristic design into reality is already engaging many of the best and brightest young engineering minds around the world. 30… Read more »
Latest listings on Jobs Central recruitment page: Assistant farm manager – South Australian position Station manager – Pier Pier (Paraway Pastoral Co) Territory Representative – entry level/graduate (Ridley) Head Stockperson – Babbilora (Australian Country Choice) Production and Shipping Trainee – Beef (Mort & Co) Bull breeding unit manager – Carrum Station (AA Co) Livestock Operations… Read more »
THE Grains Research and Development Corporation and fire safety experts are supporting grain growers in the southern cropping region in their efforts to minimise the risk of harvester fires. Kondinin Group research reveals that on average, about seven per cent of harvesters per year will start a fire. In these cases, one in 10 will… Read more »
OVERVIEW The Federal Reserve’s meeting minutes show committee members agree that it might be appropriate to raise interest rates “relatively soon.” US New home sales fell in October to 1.9% to 563,000, substantially below the 595,000 forecast. The ECB warned that recent political upheaval in the UK and the US, along with upcoming referendums and… Read more »
BEEF producers will have the chance to ‘steak’ their claim on almost $60,000 in prizemoney in the Royal Queensland Show’s 2017 RNA Paddock to Palate performance class competitions announced today. Celebrating its 20th anniversary next year, the Paddock to Palate competition presented by Mort & Co Lotfeeders is offering $46,000 in prize money next year,… Read more »
The dollar has ebbed back after making new trend highs during the European AM session. USD-JPY was showing a net 0.5% gain, as of the early European PM, although about half a big figure off from the seven-month high logged earlier at 113.53. EUR-USD recouped to around 1.0570 after clocking a 12-month low earlier at… Read more »
NUMBERS were back by 600 for a yarding of 4600 at Dubbo earlier today. It was a fair to good quality yarding with good numbers of prime cattle throughout, along with a large presence of far western cattle including consignments from Broken Hill, Bourke, Wilcannia, White Cliffs, Cobar, Quambone, Tottenham and local districts. Also included… Read more »
The dollar has been on the up again, clocking fresh trend highs versus many developed- and emerging-world currencies today. U.S. data yesterday, along with the minutes to the FOMC meeting in early November, pretty much cemented a Fed rate hike in December. EUR-USD logged a 12-month low of 1.0525, while USD-JPY lifted to a fresh… Read more »
FOR several years in the mid-1990s Australian cattle producers had access to free AUS-MEAT workshops around the country, receiving training in livestock assessment and how to interpret feedback sheets and over-the-hooks price grids provided by abattoirs. However, industry funding for the program stopped when AUS-MEAT was incorporated in 1998. From that time on producers seeking similar… Read more »
New South Wales mixed farmer and grazier Fiona Simson has been elected president of the National Farmers Federation at the peak farm body’s annual general meeting in Canberra today. She succeeds Brent Finlay who has served in the role for the past three years. Ms Simson becomes the first female president of the NFF in… Read more »
Legislation requiring Queensland’s fuel industry to meet ethanol targets at the start of 2017 is already boosting the Dalby Bio-Refinery’s demand for feedgrains. LEGISLATION set to come into effect in Queensland at the start of the new year requiring the State’s fuel industry to meet its first ethanol target is already boosting the Dalby Bio-Refinery’s… Read more »
Luke Walker, Alliance Grains, Toowoomba. Domestic grain buyers are feeling like out-of-form Australian batsmen at the moment, missing opportunities to buy grain at harvest as tonnes slip past them into export and protein markets. Growers have been more focused on just getting the grain off the paddock and into storage before they worry about marketing…. Read more »
A NEW receival site constructed near the Western Australian port of Albany at Mirambeena took its first load on Tuesday, 55 metric tonnes of malting barley. Co-operative Bulk Handling Ltd (CBH) had committed $750 million to improving its storage and handling network over five years, with dozens of improvements in the planning. CBH general manager of… Read more »
SHEEP and goat producers will get help with the adoption of electronic identification at workshops across Victoria next month. From January 1, 2017, all sheep and goats born in Victoria will require an electronic National Livestock Identification System (NLIS) tag before they leave their property of birth. Agriculture Victoria will conduct 11 face-to-face information sessions… Read more »
The dollar index rallied to fresh 13-plus year highs of 101.88 in N.Y. trade on Wednesday, as better incoming U.S. data saw Treasury yields soar to 16-month highs. EUR-USD opened near 1.0620, before making its way to 11-month lows of 1.0628 at mid-morning. USD-JPY topped at 113.97, an eight-month peak, while USD-CAD traded back over… Read more »
New South Wales mixed farmer and grazier Fiona Simson has been elected president of the National Farmers Federation at the peak farm body’s annual general meeting in Canberra today. She succeeds Brent Finlay who has served in the role for the past three years. Ms Simson becomes the first female president of the NFF in… Read more »
OVERVIEW US durable goods orders rebounded stronger than forecasted, rising 4.8%. Eurozone business activity grew at the fastest pace this year in November as the purchasing managers indexes came in above forecast. German businesses also performed strongly in November with the service sector PMI hitting a 6-month high of 55.0 alongside robust manufacturing activity. The UK… Read more »
Highly regarded 15,300ha property Willowee, near Ilfracombe in western Queensland, will be sold by timed online auction, starting on 5 December. AUCTIONS featuring an online component are how major artworks are now often sold worldwide, how the best Thoroughbreds are sold to international bidders and how Ray White Rural has been selling properties since 2015…. Read more »
The dollar has remained buoyed but below trend highs. USD-JPY has hugged the 111.00 level in the absence of Tokyo markets, which today were closed for the Labour Thanksgiving public holiday. The pair is holding near the five-and-a-half-month high at 111.36, which was made on Monday. Another set of record highs among the main Wall… Read more »
VICTORIAN meat regulator PrimeSafe has sanctioned Echuca abattoir operator Riverside Meats over worker treatment of sheep, calves and pigs after the release of video evidence by Animals Australia. PrimeSafe initiated an investigation after receiving a complaint on October 25 this year that included images and observations alleging poor animal welfare at the Echuca abattoir. Victoria’s… Read more »
ECHUCA’S Riverside Meats will support the installation of 24-hour CCTV surveillance of its meat processing facility with independent monitoring after authorities launched investigations over animal cruelty complaints. Riverside Meats managing director Chris Peat said the Peat family was disturbed and saddened by the actions captured on video by animal welfare activists. “Animals deserve better treatment…. Read more »
EARLIER this year, the Federal Court delivered a landmark decision regarding compensation payable for the extinguishment of native title. The Northern Territory Government was ordered to pay approximately $3.3 million to the Ngaliwurru and Nungali People as compensation for the extinguishment of their native title over land at Timber Creek. This was the first time… Read more »
OPINION Pete Mailler is co-founder of the CountryMinded party and former chair of Grain Producers Australia who farms near Goondiwindi on the NSW/Queensland border. ……………. MOST people would be shocked to learn that Nationals leader and Federal Agriculture Minister, Barnaby Joyce, has been responsible for ripping over $2 billion in GDP out of rural and… Read more »
[embedded content] Riverside Meats video from Animals Australia on Vimeo. Warning: Contains confronting images. MEAT regulator PrimeSafe has sanctioned Echuca abattoir Riverside Meats over worker treatment of sheep, calves and pigs after the release of video evidence by Animals Australia. PrimeSafe initiated an investigation after receiving a complaint on October 25 this year that included images… Read more »
FOURTH generation southern NSW farmer and 2015 Nuffield Scholar, Jock Graham, is passionate about discovering tangible solutions to poor internet connectivity for rural Australian communities. Jock Graham used his Nuffield scholarship to investigate tangible solutions to poor internet connectivity in rural Australia. “Surveys show that around 40 per cent of all rural Australian users currently… Read more »
THE Australian Agricultural Co, the world’s largest beef producer, this morning posted a half-year statutory net profit after tax of $47.9 million for its six months to September 30. The result represented a $1.9m decrease on the same period last year. The company reported operating pre-tax earnings of $13.9 million, a $2.4m increase on the… Read more »
SPRING lamb prices are heading for their fourth consecutive annual increase, Meat & Livestock Australia has reported. MLA’S manager of market information Ben Thomas said provided prices don’t slump in the Australian lamb market over coming weeks, 2016 will mark the fourth consecutive year spring lamb prices were dearer than the previous year. He said… Read more »
The dollar picked up ground in morning N.Y. trade on Tuesday, though remained below recent trend highs seen against the euro and yen. The greenback later reverses moderately lower, perhaps as U.S. accounts pared back positions ahead of Thursday’s Thanksgiving holiday. Wall Street posted record highs, taking the DJIA over the 19,000 mark for the… Read more »
DIESEL fuel prices have risen sharply over the past six weeks in regional areas of Australia, due to currency effects, higher demand for heating oil heading into the northern hemisphere winter and outages in oil-producing trouble spots in the Middle East. Diesel fuel remains a major input for many cattle producers in Australia, used for… Read more »
Real retail sales is perhaps my favorite of all economic data points. That’s because it is so useful forecasting a number of different consequences. And it just got a little more useful. Last week’s consumer inflation for October was reported up a hot +0.4%. That means that October real retail sales which were up a… Read more »
BIG seasonal dairy bull slaughter in New Zealand is keeping a cap on imported grinding beef prices into the US at present. Last week’s quotes from Steiner Consulting in its weekly imported bef market report had 90CL prices at US196c/lb, down slightly on the previous week but still 6c/lb better than this time last year…. Read more »
OVERVIEW Donald Trump announced that he will pull the plug on the Trans-Pacific Partnership (TPP) in his first days in office. Wall Street’s four main stock markets hit joint all-time highs for the first time since 1999 as investor sentiment remained on a high following Trump’s election. UK government borrowing came in below forecast last… Read more »
Yarding 5500 Change 0 Yarding numbers remained the same as the previous store sale. It was a very mixed quality penning of cattle, with large numbers of aged western sorts consigned. Good numbers of restocker buyers were keen to secure light weight yearling steers, while solid competition continued between restocker, feedlot, and NSW processor buyers… Read more »
At NVLX Wodonga the warmer weather and the annual spring turnoff of cattle lifted numbers to just over 2,300. Prices fluctuated this week, as the market felt the pressure of warmer temperatures and the influx of numbers at some selling centres. Each agent offered excellent lines of top quality vealers, with the European calves and… Read more »
Today’s 14-day rainfall outlook – scroll to bottom of article The Kimberley and South West Land Division of Western Australia and the northwestern Top End received the heaviest falls across Australia in the past week. Past seven days: At the start of the week, a broad surface trough extending from the Kimberley coast to central… Read more »
HAS the dramatic turnaround in profitability in Australian red meat processing operations this year lowered the appetite among prospective Chinese investors seeking to establish a processing interest in this country? At least two of the large Chinese investment deals disclosed earlier by Australian-owned processors have failed to go ahead. When those deals were first agreed… Read more »
EASTERN states beef slaughter rates continued to rise last week, but some doubts are now starting to emerge that the recent lift in slaughter activity will in fact be sustained through to Christmas break. The National Livestock Reporting Service logged an eastern states kill of 136,134 head for the seven days ended Friday, a further… Read more »
The Norman’s executive chef Frank Correnti with a sample of the winning Shorthorn product SHORTHORN beef has been delivered a ringing endorsement for eating performance from the source that matters most: restaurant diners themselves. The historic Norman Hotel, one of Brisbane’s largest and best known steak dining establishments has just completed its annual “You Be… Read more »
THE Murray Darling Basin Authority (MDBA) has today released proposed amendments to the Basin Plan that include a recommendation to reduce the water recovery target in the northern basin to 320 gigalitres, 70GL less than the previous target of 390GL. The MDBA has recommended reducing the water recovery target in the northern basin from 390… Read more »
The dollar was mixed in N.Y. trade on Monday, advancing versus the euro and yen, while losing ground to the CAD and sterling. Risk-on conditions aided sentiment, with major equity indices all printing record highs. EUR-USD opened at session highs of 1.0645, before making its way to 1.0590 lows. USD-JPY found support at 110.50, and… Read more »
Nidera Australia, Peter McMeekin THE United States (US) election may be behind us for another four years, but the fallout continues to influence world markets. President-elect Donald Trump has plans of lowering income tax and increasing spending on infrastructure and the military and that has the US Federal Reserve concerned about two things; inflation and… Read more »
OVERVIEW Germany’s central bank expects growth to be “significantly stronger” in the current quarter, boosted by manufacturing after the temporary slowdown in the summer. Vice-Chair of the Federal Reserve, Stanley Fischer indicated that long-term US interest rates will likely remain “low” as there is room for employment growth to continue running above the long-run trend…. Read more »
Bracken fern is a common cause of poisoning Cattle producers on NSW’s north coast are being warned about an increase in plant poisonings in livestock. Recent dry conditions are encouraging cattle to seek what appears to be promising green pick, the North Coast Local Land Services District Veterinarian team has warned. “Unfortunately some of the alternatives… Read more »
At Wagga numbers declined to 3490, with farmers shifting their attention to hay making and harvest. Restocker demand had the greatest influence over light weight categories, with store order pushing heifer rates 17c/kg higher. Heifers 330-400kg returning to the paddock sold at 275-378c, while the lighter weights topped at 379c to average 364c/kg. The bidding… Read more »
Applications are now open for the Australian Institute of Company Directors course, sponsored by Cattle Council of Australia and Meat and Livestock Australia. Cattle Council and MLA are sponsoring the course to provide the opportunity for grassfed beef producers to develop their skills in corporate governance, for the second year in a row. 2016 AICD… Read more »
The dollar has opened the week in subdued fashion, narrowly orbiting the 1.0600 and 111.00 levels versus the euro and yen respectively, although still managing to edge out a new trend high versus the latter, at 111.18. EUR-USD has left its Friday trend low at 1.0569 untroubled. The USD index has traded flat today after… Read more »
THE Australian dollar has fallen to five month lows, mainly on the strength of a strengthening US currency responding to policies being flagged by US president-elect Donald Trump and the prospect of a US interest rate rise. A few minutes ago (3.40pm) the A$ was trading at US73.27c, its lowest rate since June 3. As… Read more »
Cargill has told Beef Central it will not actively defend a patent appeal case in the Federal Court regarding the bovine genome in Australia. Cargill Inc and another US-based company, Branhaven LLC, are listed as the two owners of an application approved by IP Australia earlier this year to patent a method of using 2510… Read more »
Barber’s Pole worms in a lamb’s abomasum are red due to feeding on blood. NEW South Wales sheep producers are being urged to plan to counter Barber’s Pole worms in their flocks due to continuing warm, wet weather across the state. Central West Local Land Services is encouraging sheep and goat producers in Dubbo and… Read more »
SOUTH Australia’s grain farmers are set to bring in the biggest harvest on record for the State, with the 2016–17 crop estimate at 10.5 million tonnes, worth an estimated $2.2 billion at the farm gate. South Australia is set to harvest a record, 10.5-million-tonne winter crop. The latest estimate has the potential to break the… Read more »
Merino breeders Andrew and Barbara Read. MORE Merino flocks are wanted to participate in the second phase of a pilot trial of the Sheep CRC’s flock profile test. The Sheep CRC has tested 65 flocks in initial testing including the 2014-16 Peter Westblade Memorial Merino Challenge run by Sally Martin and Craig Wilson. In the… Read more »
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