Month: August 2019

Prices were firm in isolated patches for quality steers and heifers but fell away for lesser quality lines. Source: Beef Central Roma store sale 20 Aug 2019: Cows face strong processor demand

Cold fronts brought moderate falls to the southwest, and further cold fronts and troughs produced moderate falls and snow in the southeast. Source: Sheep Central Weekly rainfall wrap + rain outlook, 21 Aug 2019

Cold fronts brought moderate falls to the southwest, and further cold fronts and troughs produced moderate falls and snow in the southeast. Source: Beef Central Weekly rainfall wrap + rain outlook, 21 Aug 2019

VETERAN wool marketer Mike Avery is understandably frustrated with the low quantities of the Australian clip being marketed forward to mitigate grower price risk – less than 2 percent of the clip has been hedged forward to counter price volatility — representing an opportunity in this low supply period that could have insulated growers against… Read more »

WOOL growers are calling for an investigation into alleged interference in the director nomination process for the 2019 Australian Wool Innovation election, claiming it is open to manipulation. Source: Sheep Central AWGA and WPA seek AWI board nomination process investigation

Elanco will become the world’s second largest animal health company, after agreeing overnight to buy Bayer’s Animal Health division covering both production and companion animals in a deal worth more than $11 billion in Aussie dollars. Source: Beef Central Elanco buys Bayer Animal Health division in b deal

Continued growth in beef consumption in Asian countries, particularly China – along with Australia’s strong market access and competitive supply chain – will provide the opportunity for the nation’s total grainfed beef exports to increase 65pc to more than 500,000t by 2030, new Rabobank research suggests. Source: Beef Central Australia could triple grainfed exports… Read more »

The Dollar was broadly lower in N.Y. trade on Tuesday, taking the DXY from 98.45 highs in early trade, to 98.13 lows into the close. Another dive in Treasury yields weighed on the Greenback, with market participants placing bets on a dovish set of FOMC minutes on Wednesday, and a just as dovish speech from… Read more »

When two large Queensland lotfeeding operations invested in broadband internet, questions were posed around whether the service would really help the businesses increase productivity, and whether it was ‘only going be used for social media and Netflix by staff.’ But according to feedback from both, improved connectivity has not only boosted productivity and staff retention,… Read more »

The Dollar has headed into the New York interbank open on a mixed footing, showing gains versus the Pound while changing hands at near net unchanged levels against the Euro and Canadian Dollar, and showing losses against the Yen and Australian Dollar. Sterling’s underperformance saw Cable print a three-day low at 1.2074, which was the… Read more »

With thousands of herd bulls currently changing hands in the spring bull market, genetics editor Al Rayner offers some advice to buyers on managing new sire introductions and assimilating them into the herd Source: Beef Central Weekly genetics review: The practicalities of introducing and managing new bulls

The Australian Dollar has traded firmer and, to a lesser extent, the New Zealand buck. The gains came despite Chinese stock markets sputtering, although other equity markets across the Asia-Pacific region performed better, continuing the recouperation from last week’s acute phase of risk-off positioning. AUD-USD printed a five-day high, at 0.6795, as did AUD-JPY, at… Read more »

A lack of buyer support and little competition from feedlots influenced rates in a larger yarding of 3540 at Wagga.  Most categories took a hit of 10-40c depending on condition and weight. Source: Beef Central Wagga sale 20 Aug: Most categories back 10-40c

Some Queensland slaughter cattle grids have risen 5-10c/kg this week, but the trend is more about processors re-aligning with their competitors’ higher offers, rather than overall cattle market changes. Source: Beef Central Weekly kill: Some Qld grids lift 5-10c

South Australia’s move to lift its moratorium on GM crops has been largely welcomed by industry groups, and leaves Tasmania as the only Australian state with a GM ban still in place. Source: Grain Central Tasmania’s GM ban stands as SA move largely welcomed

As new legislation to introduce jail sentences for people who incite farm invasion and harassment makes its way through parliament, processors have called on state and federal governments to work together on harmonised national standards for animal welfare across the supply chain. Source: Beef Central Time for national animal welfare standards, says AMIC

A new funding agreement has been announced to support the development of a northern Australian broadacre cropping industry. Source: Grain Central New projects tap the pulse of northern Australia

A national farm debt mediation scheme remains a priority, as outlined in the Government’s Banking Royal Commission Implementation Roadmap, rural finance minister David Littleproud says Source: Beef Central National farm debt mediation scheme a priority

A deal to sell its live export vessel, the MV Ocean Swagman to Western Australia’s Heytesbury Holdings is back on track, just a fortnight after owner Wellard signalled that the agreement was off, and an alternate buyer had been found. Source: Beef Central Heytesbury deal for Wellard vessel purchase now back on track

The cattle and beef industry has taken some steps towards improving transparency in dealings between processers and livestock producers, but more work is needed, the Australian Competition and Consumer Commission has noted. Source: Beef Central ‘Some improvement’ in cattle and beef industry transparency, says ACCC

Large or small, each business is defined by its company culture; it is the unique identifier of its principles and values. The most successful agribusinesses will always have a solid workplace culture in place. Source: Grain Central Recruitment: Recognising the importance of workplace culture

When reality show contestants — and even foodies — talk about quail meat it often involves complex recipes, but a farmer’s shift to faster food could change that. Source: ABC Livestock Hopes for quail sales lift in shift to faster foods, but eggs fall under tracking regime

The meat industry says a Melbourne council’s decision to take meat off its menu on Mondays could damage regional economies for little environmental gain. Source: ABC Livestock Inner-city ‘narrow-mindedness’: Council’s meat-free Mondays stir up industry anger

Indonesian ‘mumpreneurs’ are cashing-in on an appetite for purchasing cheap beef online, threatening Australia’s live cattle trade. Source: ABC Livestock Would you buy meat on Instagram?

The Dollar was rangebound in N.Y. on Monday, leaving the DXY between 98.18 lows at the open, and 98.27 after the London close. There was no data to drive the market. Wall Street was higher on trade negotiation hopes, while Treasury yields edged higher as well. EUR-USD slipped from 1.1104 to lows under 1.1090 later… Read more »