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GrainsThe safe-haven Yen rallied sharply while the Mexican Peso plunged precipitously after President Trump vowed to hit Mexico with a 5% tariff and threatened higher tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove about 0.8% in… Read more »
Month: May 2019
XE Market Analysis: Europe – May 31, 2019
The Yen has rallied sharply after President Trump threaten to hit Mexico with high tariffs if it failed to do what he considers its part in dealing with surge in immigrants attempting to cross the border into the U.S. USD-JPY dove over 0.7% in making a four-month low at 108.78. AUD-JPY tumbled to a five-month… Read more »
More forward wool market action as auction prices lift
THERE was better participation in the forward wool market this week as the physical auctions had another topsy turvy week…Read More Source: Sheep Central More forward wool market action as auction prices lift
CPC logs underlying earnings of $36.2m, before drought and flood costs
Consolidated Pastoral Co has posted underlying pre-tax earnings of $36.2 million and profit of $22.9 million for its 2018-19 financial year ended March – after one-off costs associated with drought and flooding are removed…Read More Source: Beef Central CPC logs underlying earnings of .2m, before drought and flood costs
Australian wool prices rebound 40-80 cents as confidence returns
AUSTRALIAN wool prices rebounded 40-80 cents this week and pass-in rates more than halved as growers and brokers agreed to meet the higher market…Read More Source: Sheep Central Australian wool prices rebound 40-80 cents as confidence returns
Grain Central’s May 2019 grains and cropping news quiz
Keep up to date with Australian cropping industry developments with Grain Central’s monthly quiz…Read More Source: Grain Central Grain Central’s May 2019 grains and cropping news quiz
New live export stocking density rules delayed
Until late this morning, new rules requiring exporters to reduce stocking densities on cattle shipments by as much as 14 percent compared to previous limits were set to take effect from tomorrow. However, in an email this morning, the Department pushed the implementation back to an as yet unknown date…Read More Source: Beef Central … Read more »
Griffith saleyard sets new national lamb price record of $345
A NEW national lamb price of $345 was set at Griffith today as benchmark indicators for heavy and trade carcase weight values peaked three months earlier than previous historical levels last year…Read More Source: Sheep Central Griffith saleyard sets new national lamb price record of 5
A 'sad day' for the Eyre Peninsula as locals say goodbye to rail transport
About 500 locals turn out in Cummins, on SA’s Eyre Peninsula, to farewell one of the final trains passing through the town as the region prepares for more trucks on the road. Source: ABC Grain A ‘sad day’ for the Eyre Peninsula as locals say goodbye to rail transport
Applications open for the 2020 Rising Champion
The Cattle Council of Australia and NAB Agribusiness are now calling for young members of the Australian beef industry to apply for the 2020 NAB Agribusiness Rising Champions Initiative…Read More Source: Beef Central Applications open for the 2020 Rising Champion
Feedgrain focus: Buyers book tonnes ahead of forward crop fears
Momentum in current crop feedgrain price rises continued a sellers’ market this week as buyers chose to wait no longer to secure winter-time needs…Read More Source: Beef Central Feedgrain focus: Buyers book tonnes ahead of forward crop fears
Police find $30,000 drug crop in feedlot-invading activist’s home
Activists who illegally trespassed onto a feedlot near Millmerran in March are being told to turn themselves in, with police warning their own live-streamed footage will be used to track them down if they don’t. The warning comes as police discover a sophisticated hydroponic cannabis growing operation in the unit of one of the alleged… Read more »
$60m Bourke goat abattoir closes, five months after launch
Drought and recent rain have been blamed for the closure of the Bourke goat abattoir in northwestern NSW, but its operators have refused to speculate when it could resume operations…Read More Source: Beef Central m Bourke goat abattoir closes, five months after launch
Bourke council is confident goat abattoir closure is short-term
DROUGHT and recent rain have been blamed for the closure of the Bourke goat abattoir in western New South Wales, but its operators have refused to speculate when it could resume operations…Read More Source: Sheep Central Bourke council is confident goat abattoir closure is short-term
Report reveals impact of managing cattle stress levels
Cattle stress levels in well-managed beef supply chains remain low to moderate from the time of induction at a feedlot to slaughter, and can in fact be lower at slaughter than at time of induction, a recently released study shows.The study was designed to provide a better understanding of physiological indicators of stress in cattle… Read more »
Smaller cattle businesses 'left behind' for disaster funding
Smaller cattle businesses that downsized in drought are now struggling to apply for disaster assistance following February’s floods. Source: ABC Livestock Smaller cattle businesses ‘left behind’ for disaster funding
XE Market Analysis: Asia – May 30, 2019
The Dollar index rallied to six-session highs of 98.28 in morning N.Y. trade on Thursday, though later pulled back to 98.11 lows into the London close. A slightly better than expected Q1 GDP revision helped the USD early on, though with Wall Street posting modest gains, safe-haven Dollar flows reversed to an extent. EUR-USD printed… Read more »
XE Market Analysis: All is Quiet on the Currency Market Front (Roll Tumbleweeds)
OVERVIEW The Dollar Index is consolidating around 2019 highs, as the euro and pound fall apart. USD/CAD loses steam and returns inside a 1.34-1.35 range. NYMEX WTI crude steadies just below $60.00, after dropping to a 2-month low. Source: XE news feed XE Market Analysis: All is Quiet on the Currency Market Front (Roll… Read more »
XE Market Analysis: North America – May 30, 2019
The Dollar, Yen and Swiss Franc traded moderately softer against most other currencies as stock markets steadied after the recent tilt lower. This helped EUR-USD find a toehold after three straight days of decline, with the pair holding in the lower-to-mid 1.1100s, above the one-week low seen yesterday at 1.1124. USD-JPY lifted to an eight-day… Read more »
XE Market Analysis: Europe – May 30, 2019
A moderate unwinding in risk-off positioning has been seen in currency markets. This comes with Wall Street having pared losses during the PM session yesterday and with S&P 500 futures showing modest gains, even though most Asian markets have remained nuder pressure today. USD-JPY lifted to an eight-day high at 109.76. , and the AUD-JPY… Read more »
New decision-support tools will help drive genetic selection, Angus conference told
US animal geneticist Dr Kent Anderson was tasked with doing some crystal-ball gazing about where cattle genetics and genomics progress might head over the next ten years, to 2030 during last week’s Angus Australia conference in Albury. Here’s a summary of his views…Read More Source: Beef Central New decision-support tools will help drive genetic… Read more »
Dalby sale 29 May 2019: Numbers lift to 5182
Light weight yearling steers returning to the paddock were well supplied and lifted in price by 6c/kg and more on well bred lines…Read More Source: Beef Central Dalby sale 29 May 2019: Numbers lift to 5182
Qld police seek help over unlawful killing of cattle
The Rockhampton Major and Organised Crime Squad (Rural) says it has received a number of complaints of unknown people unlawfully trespassing and stealing livestock for the purpose of butchering them for meat…Read More Source: Beef Central Qld police seek help over unlawful killing of cattle
It’s a dry seasonal climate outlook for June-August 2019
BELOW average rainfall is likely for much of eastern and parts of southern Australia, according to the Bureau of Meteorology’s latest seasonal climate outlook released today. ..Read More Source: Sheep Central It’s a dry seasonal climate outlook for June-August 2019
Seasonal climate outlook Jun-Aug 2019
Below-average rainfall is likely for much of eastern and parts of southern Australia over the next three months, according to the Bureau of Meteorology’s latest seasonal climate outlook released today. ..Read More Source: Beef Central Seasonal climate outlook Jun-Aug 2019
Angus breeders urged not to overlook maternal traits
Internationally renowned New Zealand geneticist Professor Dorian Garrick had some pats on the back for Australian Angus breeders at the Angus Through the Ages conference in Albury last week, but also a sobering warning that breeders were selecting too heavily on terminal sire traits at the expense of important maternal efficiency traits…Read More Source:… Read more »
Vegan activists vow to rage against the farming machine
Vegan activists ramp up protests Source: ABC Livestock Vegan activists vow to rage against the farming machine
Analysis – Seeking a more equitable cattle levy system for Australia
Independent meat and livestock industry analyst Simon Quilty ponders the beef industry’s Cattle Transaction Levy, and whether there is a better way to raise industry funds. It’s a subject he has intimate knowledge of, having worked on the topic for the VFF Pastoral Group back in the levy’s formative years in the 1980s…Read More … Read more »
How three Australian farmers became exporters to China
Many businesses are lured to China’s booming e-commerce industry, but many find it difficult to survive. Source: ABC Grain How three Australian farmers became exporters to China
Feral camels cause havoc on Central Australian cattle stations
Pastoralists west of Alice Springs haven’t seen this many camels on their station in years, and say their neighbours should be doing more to prevent a boom in the feral population. Source: ABC Livestock Feral camels cause havoc on Central Australian cattle stations
Pigs are being buried alive as China's African swine fever crisis deepens
Amid international efforts to find a vaccine for the deadly pig virus, Australian authorities and industry are bracing for an outbreak that some pig farmers fear is “inevitable”. Source: ABC Grain Pigs are being buried alive as China’s African swine fever crisis deepens
XE Market Analysis: Asia – May 29, 2019
The Dollar index rallied to one-week highs in N.Y. on Wednesday, as another session of risk-off trade prompted safe-haven flows into the USD. Trade war fears, along with U.S. politics weighed on Wall Street, as China may cut rare-earth exports to the U.S., and as special council Mueller left the door open for a Trump… Read more »
XE Market Analysis: China Creates Tension in Tech Industry with Talk of Ban of Rare Earth Metals
OVERVIEW The greenback is holding steady despite falling treasury yields significant fears of a global meltdown Bank of Canada is expected to maintain rates at 1.75% NYMEX WTI crude drops lower to an 11-day low below $58 Source: XE news feed XE Market Analysis: China Creates Tension in Tech Industry with Talk of Ban… Read more »
XE Market Analysis: Europe – May 29, 2019
The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at… Read more »
Weekly Property Review: Recent property sales wrap-up
$4.125m buys top CQ leucaena country | Cloncurry agent snaps up Winton’s Cathedral | Boorowa NSW block sells to locals, prior to auction ..Read More Source: Beef Central Weekly Property Review: Recent property sales wrap-up
XE Market Analysis: North America – May 29, 2019
The Dollar picked up demand in both Asia and during the European AM session. The narrow trade-weighted USD index printed a six-day high at 98.04, while EUR-USD concurrently fell to a six-day low at 1.1149, inching last week’s two-year low at 1.1107 further into view. Safe haven demand has been the dominating factor in price… Read more »
WoolProducers, RSPCA and AMIC welcome new Minister for Agriculture
AUSTRALIA’S new Minister for Agriculture Bridget McKenzie and the re-elected Coalition Government have been welcomed by a cross-section of sheep industry stakeholders this week…Read More Source: Sheep Central WoolProducers, RSPCA and AMIC welcome new Minister for Agriculture
Scrutiny over AA Co’s ag tech investments targeted at delivering greater efficiency
Eyebrows have been raised over a series of strategic investments in ag technology companies made by AA Co over the past three years, some with close links to major shareholder Tavistock and its directors…Read More Source: Beef Central Scrutiny over AA Co’s ag tech investments targeted at delivering greater efficiency
AuctionsPlus wool demand strengthens after market decline
ONLINE wool buying strengthened late last week after the physical auction market’s sharp decline in national selling centres…Read More Source: Sheep Central AuctionsPlus wool demand strengthens after market decline
June is ‘ewe time’ for you in Tasmania
TASMANIAN sheep producers can access timely tips and tools to tailor flock management to seasonal conditions when the It’s ewe time! Forum is held in Campbell Town next month…Read More Source: Sheep Central June is ‘ewe time’ for you in Tasmania
Goat meat pricing helps TFI as sheep and lamb supplies drop
RECORD goat meat pricing has helped major meat processor Thomas Foods International maintain its usual winter slaughter schedule despite waning lamb and sheep supplies…Read More Source: Sheep Central Goat meat pricing helps TFI as sheep and lamb supplies drop
Processor lambs hit 1200c/kg and up to $336 a head + VIDEO
TRADE, light and heavy lamb prices this week soared to extreme levels – at times above 1200c/kg –as competition for supplies intensified between domestic and export processors…Read More Source: Sheep Central Processor lambs hit 1200c/kg and up to 6 a head + VIDEO
Grain wears highest freight costs
Grain haulage costs top the list of freight constraints which continue to dampen Australia’s competitiveness on the international commodities market, according to a new report out today…Read More Source: Grain Central Grain wears highest freight costs
Australia’s chief vet leads global animal health forum
Australia’s Delegate at the World Organisation for Animal Health (OIE), Dr Mark Schipp, is chairing the 87th General Session of the World Assembly of National Delegates of the OIE in Paris…Read More Source: Beef Central Australia’s chief vet leads global animal health forum
Weekly rainfall wrap + rain outlook, 29 May 2019
ONSHORE air flow produced showers along Queensland’s north tropical coast, while a series of cold fronts, troughs, and lows produced moderate falls in southeast Australia…Read More Source: Sheep Central Weekly rainfall wrap + rain outlook, 29 May 2019
Freight costs impact beef’s competitiveness on world stage
The estimated cost of delivering a container of frozen Australian beef to Korea is $7380, or $343/t, according to a new report highlighting the impact of freight costs on Australian agriculture’s global competitiveness…Read More Source: Beef Central Freight costs impact beef’s competitiveness on world stage
From conflict zones to live export welfare for award-winning nurse
Florence Nightingale Award winning Australian nurse Cristina De Leon brings extensive experience working in some of the most complex conflict zones on the planet to her new role as the CEO of independent live export supply chain monitoring company Global Compliance…Read More Source: Beef Central From conflict zones to live export welfare for award-winning… Read more »
Inside the social media 'war' between animal activists and farmers
Australian farmers and animal activists alike are being targeted with online threats of violence and death, an ABC investigation finds. One cyberspace expert describes it as “cyberhate” and “a new kind of workplace bullying”. Source: ABC Livestock Inside the social media ‘war’ between animal activists and farmers
Animal welfare concerns could have $3.2 billion effect on livestock sector says meat industry
Farmers are being called upon to talk “honestly, proudly and transparently” about their businesses, in the wake of predictions that the Australian livestock sector could lose up to $3.8 billion by 2030 if it does not meet changing consumer requests Source: ABC Livestock Animal welfare concerns could have .2 billion effect on livestock sector… Read more »
Checking in with Queensland farmers
Earlier this year we reported on the plight of farmers in north outback Queensland who’d faced years of drought, only to suddenly get an extreme downpour of heavy rain that caused severe flooding. Source: ABC Beef Cattle Checking in with Queensland farmers
Rain brings insects in latest blow to drought-hit graziers
Graziers living in central-west Queensland are devastated they won’t benefit from rainfall earlier this year after a boom in insects decimates their properties. Source: ABC Livestock Rain brings insects in latest blow to drought-hit graziers
XE Market Analysis: Asia – May 28, 2019
The Dollar advanced modestly in N.Y. trade on Tuesday, taking the DXY to four-session highs of 97.96, up from 97.72 lows seen early in the session. A better than expected consumer confidence outcome supported the Greenback some. EUR-USD slipped toward 1.1160, from pre-open highs of 1.1198. USD-JPY made it over 109.61 from two-week lows in… Read more »
XE Market Analysis: US-China Trade Tensions Holding Currencies in Goldilocks Limbo-Land
OVERVIEW The US Dollar is moving slowly after Memorial Day, creeping up a couple of pips GBP USD likely will be a volatile pair as the UK wonders who will be the next occupant of 10 Downing Street Bank of Canada expected to hold interest rates, loonie expected to trade with negative bias HIGHLIGHT Source:… Read more »
XE Market Analysis: North America – May 28, 2019
A moderate risk-off theme become re-established in global markets, which pushed Treasury and other top-tier sovereign yields lower, hit stock markets while buoying the Yen in forex markets. USD-JPY ebbed moderately lower as the Japanese currency picked up a safe-haven bid, breaking free of what had been a narrow orbit of the 100.50 level. A… Read more »
XE Market Analysis: Europe – May 28, 2019
The dollar majors are lacking directional bias so far today, with participants hunkering down in Asia into the return of full market participation, and liquidity, that the reopening of markets in London and New York will bring today following long weekends in the UK and U.S. EUR-USD still managed to eke out a three-session low… Read more »
Weekly kill: Some cow grids softer as supply continues to surge
With first frosts making an appearance in some areas of eastern Australia in the past few days, large numbers of cows continue to flow into processing channels this week as more drought-impacted producers move to lighten-off numbers heading into winter…Read More Source: Beef Central Weekly kill: Some cow grids softer as supply continues to surge
Does Australia run the risk of Angus carcase weights getting too large?
Relentless increases in carcase weights, and cut size, came into focus several times during the Angus Through the Ages conference in Albury..Read More Source: Beef Central Does Australia run the risk of Angus carcase weights getting too large?
Wagga sale 28 May 2019: Prices gain traction
Despite the lift in the supply of secondary stock most major feedlot buyers were intent on purchasing the bulk of the well-bred lines. Agents said demand from feeders and several restockers gave the market an edge…Read More Source: Beef Central Wagga sale 28 May 2019: Prices gain traction
MLA responds to ACMA’s ABC Catalyst investigation
Meat & Livestock Australia has welcomed the outcome of ACMA’s recent investigation into a complaint lodged by MLA in relation to an August 2018 episode of the ABC’s Catalyst program, urging producers of similar ABC programs in future to contact MLA when information is required about the red meat industry’s sustainability credentials…Read More Source:… Read more »
Growing Asian preference for quality beef will underpin Angus premiums
THE trend among emerging Asian markets like China towards seeking higher quality meat as their economies mature will serve to underpin premiums for Australian Angus cattle in the future, delegates attending the 2019 Angus Australia annual conference in Albury last week heard. Mecardo head Robert Hermann said Angus cattle premiums had averaged 25c/kg over the… Read more »
New $2.6m seed processing line for Pacific Seeds
Pacific Seeds has begun the process of installing a new $2.6 million seed processing line, which has the capacity to double throughput of multiple varieties of seed and significantly improve the plant’s efficiency…Read More Source: Grain Central New .6m seed processing line for Pacific Seeds
XE Market Analysis: North America – May 27, 2019
Conditions have been thin in the absence of London markets and with the U.S. off today. The Euro traded firmer, with EUR-USD having edged out an 11-day high at 1.1215, while EUR-JPY and EUR-CHF concurrently recouped recently lost ground. EUR-GBP, in contrast, descended to a five-day low as the Pound rebounded from recent trend lows…. Read more »
XE Market Analysis: Europe – May 27, 2019
Risk-off positioning have unwound some more in the forex markets, with the Dollar, Yen and Swiss Franc all losing ground to most of the main currencies today. A rally of over 0.5% in AUD-JPY has led the way, which has extended the rebound-form-trend lows seen late last week. The cross hit a three-day high at… Read more »
Study finds no evidence of dingo genes in the Kelpie + VIDEO
UNIVERSITY of Sydney researchers have found no genetic evidence that the iconic Australian Kelpie shares canine ancestry with a dingo, despite Australian bush myths…Read More Source: Sheep Central Study finds no evidence of dingo genes in the Kelpie + VIDEO
British sheep dogs sell for more than A$16,000 in latest Skipton sale
SHEEP dogs sold for up to A$16,390 at the latest Skipton Auction Mart spring sale in Britain recently…Read More Source: Sheep Central British sheep dogs sell for more than A,000 in latest Skipton sale
New AgriFutures scholarship winners get $10,000 study cost fillip
AGRIFUTURES Australia has announced the latest recipients of its 2019 Horizon Scholarship…Read More Source: Sheep Central New AgriFutures scholarship winners get ,000 study cost fillip
Flystrike, welfare and profitability focus at 2019 Merinolink conference
FLYSTRIKE research, animal welfare and profitability constraints to wool production will be examined when growers from across the nation gather for the MerinoLink conference next month…Read More Source: Sheep Central Flystrike, welfare and profitability focus at 2019 Merinolink conference
Victims of fodder fraud asked to come forward in Parkes case
NSW police are calling for farmers who did not receive any or all of the fodder and grain purchased through a central New South Wales, Parkes-based operator to come forward…Read More Source: Grain Central Victims of fodder fraud asked to come forward in Parkes case
Recruitment: Five ways to motivate staff and improve their engagement
How can you try to improve the engagement of your staff and increase their performance in the workplace?..Read More Source: Grain Central Recruitment: Five ways to motivate staff and improve their engagement
May live sheep shipments crucial to Middle East trade viability
AUSTRALIA’S last live sheep vessel to depart for the Middle East before a three-month Northern Summer prohibition has been approved and is on its way Kuwait and the United Arab Emirates…Read More Source: Sheep Central May live sheep shipments crucial to Middle East trade viability
New South Wales buys up big on Auctionsplus
NEW South Wales sheep producers and processors bought almost 40 percent of the AuctionsPlus online offering last week…Read More Source: Sheep Central New South Wales buys up big on Auctionsplus
Angus 2019: Australia still a red meat nation
Two months after taking over as MLA managing director, Jason Strong was asked during a panel session at the Angus Australia conference in Albury what the producer levy-funded service company was doing to defend the red meat industry against escalating campaigns against meat production by vegans…Read More Source: Beef Central Angus 2019: Australia still… Read more »
VIDEO: Chef Adrian Richardson on how to cook the perfect steak
TV Chef Adrian Richardson from Melbourne’s La Luna Bistro restaurant shared his thoughts on how to cook a perfect steak with hundreds of cattle producers at the 2019 Angus Australia conference in Albury last week…Read More Source: Beef Central VIDEO: Chef Adrian Richardson on how to cook the perfect steak
Bridget McKenzie Australia’s new ag minister
Nationals Deputy Leader and Victorian Senator Bridget McKenzie has been appointed as the Minister for Agriculture in the 46th Parliament, becoming the first female to hold the portfolio in the Commonwealth’s history…Read More Source: Beef Central Bridget McKenzie Australia’s new ag minister
Ticks remain a threat to livestock and pets after unseasonably warm autumn
Experts are warning cattle producers and pet owners to be on the alert for ticks as unseasonably warm autumn temperatures are extending their activity. Source: ABC Livestock Ticks remain a threat to livestock and pets after unseasonably warm autumn
Work proactively with your consumers, US beef producer urges
Visiting US Red Wagyu producer JoJo Carrales from the HeartBrand Beef operation in Texas says proactive consumer education is the key to countering rising activist attacks against the beef industry…Read More Source: Beef Central Work proactively with your consumers, US beef producer urges
Australian farmers went through a superfood boom, but now there's a global glut
An increase in the production of the trendy grains overseas forces a number of pioneering Australian growers to scale down production. What is the future for Australian farmers in the multi-billion-dollar superfood industry? Source: ABC Grain Australian farmers went through a superfood boom, but now there’s a global glut
Australia to host World Shorthorn Conference in October
The Shorthorn breed will hold its 2019 Wold Congress at Wagga Wagga in October. Organisers anticipate up to 150 delegates to attend from across Australia, plus New Zealand, the UK and continental Europe, and North America…Read More Source: Beef Central Australia to host World Shorthorn Conference in October
National story time's Alpacas with Maracas enthrals more than 1m kids
A story about an alpaca called Macca and his best pal Al has captivated more than a million children during National Simultaneous Storytime. Source: ABC Livestock National story time’s Alpacas with Maracas enthrals more than 1m kids
Steers, heifers ease in smaller AuctionsPlus offering
Prices struggled on AuctionsPlus this week as the prospect of a dry winter looms in front of many producers.Cattle numbers continued to drop, with 8420 head offered, 2865 less than last week. ..Read More Source: Beef Central Steers, heifers ease in smaller AuctionsPlus offering
Potentially life-changing discovery made in outback valley
Outback drillers find water 90 metres below the surface of SA’s APY Lands in an underground valley millions of years old, and remote communities are hoping it will provide a much-needed economic boost. Source: ABC Livestock Potentially life-changing discovery made in outback valley
XE Market Analysis: Asia – May 24, 2019
The Dollar came under pressure again in N.Y.on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from early… Read more »
XE Market Analysis: The GBP Facepalms as UK Prime Minister Parachutes from Brexit Process
OVERVIEW The US Dollar slides lower as trade tensions start to bite the economy The British Pound holds steady ahead of a volatile session after the PM announces her departure date (June 7th) NYMEX WTI crude plunges below $60 a barrel after heavy selling pressure Source: XE news feed XE Market Analysis: The GBP… Read more »
Young QLD and NT stakeholders share Australasian agribusiness award
Queenslander Shannon Landmark, 27, and Luke Evans, 28, from the Northern Territory have jointly shared the 2019 Zanda McDonald Award, announced on Thursday…Read More Source: Beef Central Young QLD and NT stakeholders share Australasian agribusiness award
XE Market Analysis: North America – May 24, 2019
A rally in Sterling interrupted an otherwise directionally-limited London AM session in the forex market. The spark was the resignation announcement of Prime Minister May, who will step down on June 7th, after President Trump’s three-day state visit. Cable sprang about 0.5% higher in posting a 1.2718 high, which extending a rebound from the near… Read more »
XE Market Analysis: Europe – May 24, 2019
The Dollar, Yen and Swiss Franc have softened amid a hiatus in the risk-off theme that dominated markets yesterday. Sentiment remains fragile, though. The MSCI Asia-Pacific (ex-Japan) equity index still managed to carve out a fresh four-month low at the intraday low, before recovering a little, with the main Chinese indexes showing fractional gains. The… Read more »
Forward wool markets hit by China-US trade tensions
IF the weekends election results taught us anything, it is that even with all the predictive tools, surveys and polling it is difficult to foresee the future…Read More Source: Sheep Central Forward wool markets hit by China-US trade tensions
Two more shipments of Canadian wheat to Australia approved
The Australian Government has confirmed a further two shipments of Canadian wheat have been approved for import into Australia…Read More Source: Grain Central Two more shipments of Canadian wheat to Australia approved
Wool prices plummet as global retail and buyer confidence weakens
AUSTRALIAN growers withheld almost a third of the wool offer at auction this week as prices fell further this week amid low market confidence hit by the China-United States tariff dispute and gloomy retail conditions overseas…Read More Source: Sheep Central Wool prices plummet as global retail and buyer confidence weakens
Lamb prices hit $320 at Griffith, $315 at Wagga Wagga
LAMB and mutton prices continued to rise later this week as processors reportedly considered limiting slaughter targets in coming weeks to match expected supplies and price levels…Read More Source: Sheep Central Lamb prices hit 0 at Griffith, 5 at Wagga Wagga
Farmers and workers point to clawbacks as key cause of century-old milk factory closure
A former long-time Fonterra supplier says the milk processor only has itself to blame for the closure of one its factories this week. Source: ABC Livestock Farmers and workers point to clawbacks as key cause of century-old milk factory closure
Deadline looming for UNE sheep and wool scholarships
AGRICULTURE students have until the end of the month to apply for the well-regarded Australian Wool Education Trust (AWET) undergraduate Scholarship…Read More Source: Sheep Central Deadline looming for UNE sheep and wool scholarships
Approval expected for last live sheep shipment before 3-month ban
AUSTRALIA’S live export regulator is expected to approve the last live sheep shipment to the Middle East before a three-month prohibition despite a ‘last-minute’ submission by animal rights group Animals Australia to halt it…Read More Source: Sheep Central Approval expected for last live sheep shipment before 3-month ban
Aussie Angus beef to drive retailer Costco’s launch into China
Australian Angus beef will be used exclusively in global warehouse retailer, Costco’s first venture into the vast Chinese consumer market, the 2019 Angus conference was told in Albury yesterday…Read More Source: Beef Central Aussie Angus beef to drive retailer Costco’s launch into China
WA’s historic State Barrier Fence to be extended 660km
A 660-kilometre extension to the historic State Barrier Fence in Western Australia has begun, creating a boundary to protect the south-eastern farming regions from the impact of wild dogs, kangaroos and emus..Read More Source: Grain Central WA’s historic State Barrier Fence to be extended 660km
US$16 billion for US farmers impacted by China/US trade war
The US will provide up to US$16 billion in support programs to assist US farmers impacted by trade damage from the US/China trade dispute…Read More Source: Grain Central US billion for US farmers impacted by China/US trade war
ABC Catalyst report found to have breached impartiality rules
The ABC breached the impartiality provisions of its own Code of Practice in a Catalyst program ‘Feeding Australia: Foods of Tomorrow’, the Australian Communications and Media Authority has found. ..Read More Source: Beef Central ABC Catalyst report found to have breached impartiality rules
ABC Catalyst report found to have breached impartiality rules – UPDATED
The ABC breached the impartiality provisions of its own Code of Practice in a Catalyst program ‘Feeding Australia: Foods of Tomorrow’, the Australian Communications and Media Authority has found. ..Read More Source: Beef Central ABC Catalyst report found to have breached impartiality rules – UPDATED
Murray Arnel: Wodonga 23 May 2019 + PICS/VIDEO
Feedlot orders were not required for another seasonally-affected store cattle market of 2307 head at Wodonga on Thursday…Read More Source: Beef Central Murray Arnel: Wodonga 23 May 2019 + PICS/VIDEO
Dubbo sale 23 May 2019: Young cattle to restockers rally
Following the previous sales much tougher market young cattle to the restockers and feeder cattle rallied regaining a large percentage of the falls of last sale lifting by as much as 30c/kg for some categories…Read More Source: Beef Central Dubbo sale 23 May 2019: Young cattle to restockers rally
