Month: August 2019

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: Sheep Central Weekly rainfall wrap + rain outlook, 21 Aug 2019

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

Wool price risk – identify, quantify and mitigate it

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 »

AWGA and WPA seek AWI board nomination process investigation

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 buys Bayer Animal Health division in $11b deal

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

Australia could triple grainfed exports to China, says bank research

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 »

XE Market Analysis: Asia – Aug 20, 2019

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 »

Regional ag businesses harvest the fruits of broadband internet

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 »

XE Market Analysis: North America – Aug 20, 2019

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 »

Weekly genetics review: The practicalities of introducing and managing new bulls

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

XE Market Analysis: Europe – Aug 20, 2019

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 »

Wagga sale 20 Aug: Most categories back 10-40c

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

Weekly kill: Some Qld grids lift 5-10c

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

Tasmania’s GM ban stands as SA move largely welcomed

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

Time for national animal welfare standards, says AMIC

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

New projects tap the pulse of northern Australia

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

National farm debt mediation scheme a priority

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

Heytesbury deal for Wellard vessel purchase now back on track

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

‘Some improvement’ in cattle and beef industry transparency, says ACCC

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

Recruitment: Recognising the importance of workplace culture

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

Would you buy meat on Instagram?

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?

XE Market Analysis: Asia – Aug 19, 2019

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 »

Opinion: How do we fund Australia’s herd rebuilding when the bank account is empty?

Beef Central’s guest commentator Simon Quilty ponders how the Australian cattle industry will rebuild after drought, with an empty bank account. He estimates that $800 million to $1 billion of additional finance will be needed in the first year of the rebuilding phase. Source: Beef Central Opinion: How do we fund Australia’s herd rebuilding… Read more »

XE Market Analysis: North America – Aug 19, 2019

Moderate weakness in the Yen and the Pound has characterized early-week trading so far. The Yen nudged lower against the Dollar and Euro, tracking a rise in U.S. Treasury and Bund yields, which were accompanied by gains in Asian and European stock markets to complete a risk-back-on picture. USD-JPY printed a two-session high at 106.66,… Read more »

XE Market Analysis: Europe – Aug 19, 2019

The Dollar majors have been plying narrow ranges in early-week trading so far, with principal pairings and associated cross rates showing less than a 0.2% net movement heading into the London interbank open. EUR-USD settled in the upper 1.1100s. The pair was lifted on Friday from levels around 1.1170 by reports that Germany will shift… Read more »

WoolProducers seeks new Foot and Mouth Disease trainees

PEAK wool grower body WoolProducers Australia is seeking nominations from industry people interested in real-time Foot and Mouth Disease training in Nepal. Source: Sheep Central WoolProducers seeks new Foot and Mouth Disease trainees

NZ shearer sets new crossbred lamb shearing record in NSW

NEW Zealand shearer Aiden Copp on Saturday became the latest shearer to set world records on both sides of the Tasman Sea with a new record for Merino crossbred lambs achieved in a Riverina shed. Source: Sheep Central NZ shearer sets new crossbred lamb shearing record in NSW

Dubbo goats sell $10-$15 cheaper with less restocker demand

GOATS sold up to $10-$15 cheaper at Dubbo’s quarterly goat sale last week as continued dry conditions limited restocker activity. Source: Sheep Central Dubbo goats sell – cheaper with less restocker demand

More than $90 million paid in QLD flood recovery grants

More than $90 million in recovery grants has been paid to flood victims in North and North West Queensland in the six months since unprecedented weather devastated the region in February. About 1500 applications for financial assistance were approved for primary producers, totalling more than $82 million, while $7.8m was paid to flood-affected small businesses…. Read more »

Sheep and lamb prices lift for reduced AuctionsPlus offering

PRICES improved for a reduced online sheep and lamb offering on AuctionsPlus last week, with numbers falling 9000 to 49,800 head. Source: Sheep Central Sheep and lamb prices lift for reduced AuctionsPlus offering

Elders wool co-ordinator Sam Wan takes service to new level

ELDERS wool technical co-ordinator and auctioneer Samantha Wan has undertaken an array of industry roles while taking her company service role to new levels in technological development. Source: Sheep Central Elders wool co-ordinator Sam Wan takes service to new level

AWI CEO McCullough condemned for wool sale mechanism comment

WOOL growers, brokers and exporters have condemned comments by Australian Wool Innovation chief executive officer Stuart McCullough that the industry might consider an emergency strategy or mechanism to manage bale sales. Source: Sheep Central AWI CEO McCullough condemned for wool sale mechanism comment

Fickle season confounds national crop estimates

A strong, late break in Western Australia, Victoria and South Australia has led to good winter crop condition reports, with the latest ABARES crop outlook predicting a slightly improved wheat volume of 21.2 million tonnes (Mt). Source: Beef Central Fickle season confounds national crop estimates

Murray Arnel: Firm to easier for Ballarat steers + VIDEO

Prices bid for feeder and restocker cattle returned to the levels of last winter at this month’s Ballarat store cattle sale, Murrray Arnel reports. Source: Beef Central Murray Arnel: Firm to easier for Ballarat steers + VIDEO

Tariff on Australian beef to China doubles from Aug 17

China has doubled tariffs on eight important categories of Australian imported beef, after Australia triggered its 2019 annual beef quota to China following booming trade volumes this year. Source: Beef Central Tariff on Australian beef to China doubles from Aug 17

SA lifts GM moratorium

The South Australian Government has today announced farmers on mainland SA will be given the choice to plant GM food crops next season. Source: Grain Central SA lifts GM moratorium

Red meat white paper: Where does Government stand?

A big unknown surrounding the red meat MoU review process currently underway is where the Federal Government stands. Source: Beef Central Red meat white paper: Where does Government stand?

Perdaman eyes NSW fertiliser market with Narrabri plant

Perdaman plans to build a fertiliser plant in north-west NSW using power from Santos’ proposed Narrabri Gas Project. Source: Grain Central Perdaman eyes NSW fertiliser market with Narrabri plant

Fickle season confounds national crop estimates: NAB

Spring rain’s a must, despite good early conditions for winter crops in Western Australia, Victoria and South Australia the dry outlook is concerning says NAB. Source: Grain Central Fickle season confounds national crop estimates: NAB

WA season hangs in the balance

The winter crop growing season in Western Australia hangs in the balance for the majority of the grainbelt. Source: Grain Central WA season hangs in the balance

Weaners and yearlings continue to dominate larger AuctionsPlus offering

Cattle numbers totalled 9985 head on AuctionsPlus this week, up three percent or 312 head on last week. Weaners and yearlings continue to dominate the offering, totalling 7888 head. Impacts from the seasonal conditions remain present, with clearance dipping 13pc to total 64pc across all cattle offered. Source: Beef Central Weaners and yearlings continue… Read more »

XE Market Analysis: Asia – Aug 16, 2019

The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. USD-JPY remained supported by general risk-on conditions, topping at 106.43,… Read more »

XE Market Analysis: North America – Aug 16, 2019

EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD’s ebb today has extended the fall the pairing saw following yesterday’s firmer than expected U.S. retail sales and… Read more »

XE Market Analysis: Europe – Aug 16, 2019

Narrow ranges have been prevailing amid a restive mood in global markets. Hopes for more central bank stimulus have been winning out in equity markets, for now, though this is juxtaposed by fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high dollar debt levels… Read more »

Wool market drop leaves forward marketers faltering

THE wool forward market could provide no solace for buyers nor sellers this week, with the rate of auction price decline leaving sellers out of range and buyers unable to establish an offshore basis. Source: Sheep Central Wool market drop leaves forward marketers faltering

Russell blends innovation and skills to market wool and sheep

AUSTRALIAN Wool Network’s Russell Macgugan has taken a forward-looking approach to wool marketing in his eight years as a broker, with a strong focus on innovative development of the Merino… Source: Sheep Central Russell blends innovation and skills to market wool and sheep

Wool sellers balk at auction price drops of up to 200 cents

MORE than half the wool scheduled to sell at Australian auctions this week went unsold as growers balked at the biggest market downturn in more than 10 years. Source: Sheep Central Wool sellers balk at auction price drops of up to 200 cents

Recruitment: The importance of workplace culture for success

NOW, more than ever, employees are choosing red meat industry supply chain workplaces where they feel valued and believe in the overall mission of the business. It’s not surprising, then, that the most successful agribusinesses will always have a solid workplace culture in place. Source: Sheep Central Recruitment: The importance of workplace culture for… Read more »

Casino veal supply chain wins national food industry award

One of Australia’s most successful and enduring veal supply chains has won a major national food industry award. Northern Cooperative Meat Co’s Three River Farms veal brand won a major accolade in the annual Food and Beverage Industry awards held at Darling Harbour in Sydney last month. Source: Beef Central Casino veal supply chain… Read more »

Feedgrain Focus: Inverse stymies sales, prices ease on US tumble

Some growers in NSW are weighing up their options for grain, grazing or hay, while cereals trade flat to lower in the feed market to reflect Monday’s drop in US futures. Source: Beef Central Feedgrain Focus: Inverse stymies sales, prices ease on US tumble

Agriculture Victoria canvasses sheep and goat duty options

VICTORIAN sheep and goat producers are being asked to have their say on potentially increasing the 12-cent sale duty or levy they are charged when an animal is sold. Source: Sheep Central Agriculture Victoria canvasses sheep and goat duty options

Australia’s wool production tipped to hit lowest level in 95 years

AUSTRALIA’S wool production is forecast to hit its lowest level in almost 100 years this financial year, with market and seasonal conditions not indicating a quick turn-around. Source: Sheep Central Australia’s wool production tipped to hit lowest level in 95 years

Recruitment: Recognising the importance of workplace culture for business success

Now, more than ever, employees are choosing red meat industry supply chain workplaces where they feel valued and believe in the overall mission of the business. It’s not surprising, then, that the most successful agribusinesses will always have a solid workplace culture in place. Source: Beef Central Recruitment: Recognising the importance of workplace culture… Read more »

Eight messages from Senate grilling of new farm protection laws

New legislation which would introduce jail sentences for people who incite farm invasion and harassment was put under the microscrope by Senators in a public hearing in Canberra this week. Source: Beef Central Eight messages from Senate grilling of new farm protection laws

The family-owned butcher that's bucking the retail trend

A butcher shop in South Australia’s Bordertown bucks the retail trend by changing with the times, and staying open for more than 80 years. Source: ABC Livestock The family-owned butcher that’s bucking the retail trend

XE Market Analysis: Asia – Aug 15, 2019

The Dollar was mostly firmer through the N.Y. session on Thursday, with gains coming on the back of decent U.S. data. Trade angst remains front and center, which has tended to support the USD and JPY this week. EUR-USD faded to two-week lows of 1.1092 before recovering over 1.1115. USD-JPY peaked at 106.34, though later… Read more »

XE Market Analysis: US Dollar Remains Sticky Amidst Chinese Retaliation Act

OVERVIEW Investor pour flows into traditional safe-haven assets Euro drops below 1.12 handle over fears of a recession. WTI Crude oil drops for the second day in a row after Chinese declarations of trade policy intentions. Source: XE news feed XE Market Analysis: US Dollar Remains Sticky Amidst Chinese Retaliation Act

Meat Business Women network heads to Brisbane

On the back of a successful launch event in Melbourne in April, organisers of the Australian chapter of Meat Business Women have announced the network’s second event this year, to be held in Brisbane in October. Source: Beef Central Meat Business Women network heads to Brisbane

XE Market Analysis: North America – Aug 15, 2019

A revival in risk-off positioning saw the Yen more than recover losses seen earlier in the day, while S&P 500 went from showing a 0.7% gain to a 0.6% loss in overnight trading. Beijing’s vow to take “necessary countermeasures” rekindled investor anxiety, offsetting President Trump’s decision to delay the latest earmarked tariffs to December from… Read more »

XE Market Analysis: Europe – Aug 15, 2019

The Aussie Dollar rallied on Australian employment data, which expanded by 41k, well up on the median forecast for a 14k rise and with full-time positions making up a solid 34.5k of the total. Despite a 2.8% closing loss in the local ASX equity index, which markedly underperformed other Asian indexes, the data catalyzed a… Read more »

Is there really a problem with F1 Wagyu?

Recent discussions among Wagyu industry stakeholders have suggested that the premiums are returning to the market, prompting Mecardo to go back to the data to assess if the anecdotal evidence stacks up against the AuctionsPlus sales figures. Source: Beef Central Is there really a problem with F1 Wagyu?

Dalby sale 14 Aug 2019: Firmer market for 4571 cattle

The trend of a large supply of cows continued, along with a relatively small sample of heavy grown steers and bullocks, and a good supply of yearling steers and heifers. Source: Beef Central Dalby sale 14 Aug 2019: Firmer market for 4571 cattle

2020 NAB Agri Rising Champion winner announced

The winner of the 2020 NAB Agribusiness Rising Champion award was named at a Cattle Council gala dinner in Canberra last night. Source: Beef Central 2020 NAB Agri Rising Champion winner announced

JBS in mood for growth, as 2Q pre-tax earnings hit record A$1.89b

Global meat protein giant JBS is in a mood for growth, shareholders were told as the company delivered record pre-tax earnings for its second quarter of R$5.1 billion – the equivalent of $1.89b in Australian currency. Source: Beef Central JBS in mood for growth, as 2Q pre-tax earnings hit record A.89b

Indonesia to import 50,000t of beef from Brazil

Australian beef exports to Indonesia are facing more competition with the country yesterday announcing it will now open its market to imports of beef from Brazil. Source: Beef Central Indonesia to import 50,000t of beef from Brazil

Wool growers suffer as trade war crashes prices, drought bites

Australia’s wool growers are on the front line of the trade war between the US and China, with falling demand and crashing prices coinciding with a crippling drought. Source: ABC Livestock Wool growers suffer as trade war crashes prices, drought bites

Push to mass farm puffy pink seaweed that stops cows burping methane

The native Queensland seaweed that can stop bovines burping out methane could cut the country’s greenhouse emissions by 10 per cent, if it could be farmed on a scale to feed every cow in Australia, researchers say. Source: ABC Livestock Push to mass farm puffy pink seaweed that stops cows burping methane

XE Market Analysis: Asia – Aug 14, 2019

The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. In addition, the 30-year bond yields fell to… Read more »

XE Market Analysis: North America – Aug 14, 2019

The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump’s partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp… Read more »

XE Market Analysis: Europe – Aug 14, 2019

Consolidation has been ensuing so far today among the main currencies, which follows the bout of risk-off-reversal positioning during yesterday’s London afternoon session after President Trump announced a delay in new tariffs on Chinese goods imports. USD-JPY settled in the mid 106.0s, below yesterday’s peak at 106.97, which was the product of a vertiginous rally… Read more »

Quad bike $1200 rebate period running out in Victoria

VICTORIAN farmers have reminded they have only six weeks to apply for a $1200 rebate under the Quad Bike Safety Rebate Scheme. Source: Sheep Central Quad bike 00 rebate period running out in Victoria

TFI launches its first livestock certification program

SOUTH Australian based meat and food processor Thomas Foods International has launched a voluntary livestock certification program to improve transparency and verification for overseas customers. Source: Sheep Central TFI launches its first livestock certification program

Market to expand national sheep and goat electronic tag uptake

NATIONALISATION of Victoria’s electronic ear tag system for sheep and goats is expected to occur through processor-imposed ‘no tag buy’ policies, saleyard managers were told last week. Source: Sheep Central Market to expand national sheep and goat electronic tag uptake

Beef brands perform with distinction in competitions across the nation

Best in class at Melbourne’s Food Awards for Mort & Co’s new Wagyu brand | JBS’s Yardstick program tops Regatta’s Beef-Off competition | Mobile abattoir-processed meat wins Australian Food Awards medal Source: Beef Central Beef brands perform with distinction in competitions across the nation

WA farmers jailed over Illegal pork semen imports

The circumstances that led to the jailing of two west Australian pig farmers this week have highlighted the disturbing potential that exists for Australia’s livestock industries to be exposed to devastating disease outbreaks. Source: Beef Central WA farmers jailed over Illegal pork semen imports

Can we feed the world without wrecking the planet?

Can agriculture meet the food demands of the world into the future and do it in a sustainable way? Source: Grain Central Can we feed the world without wrecking the planet?

Livestock carriers seek legal protection against animal activists

Australia’s livestock carriers want proposed federal agricultural protection trespass laws extended to protect them against animal activist attacks. Source: Beef Central Livestock carriers seek legal protection against animal activists

Weekly rainfall wrap + rain outlook, 14 August 2019

Strong cold fronts and intense lows produced moderate falls and snow to low levels in parts of the southeast, as cold fronts brought light falls to parts of the southern coasts of Western Australia and South Australia, prior to the cold outbreak in the southeast. Source: Sheep Central Weekly rainfall wrap + rain outlook,… Read more »

SE Asia Report: Strong Indonesian feeder imports continue in July

News from Dr Ross Ainsworth’s South East Asia report this month includes strong continued contined feeder imports from Indonesia in July, returning supplies of frozen Indian buffalo meat in Indonesia, but at very low volumes, and a chapter closes as PT Elders Indonesia closes its remaining business. Source: Beef Central SE Asia Report: Strong… Read more »

Australia urgently needs real sustainable agriculture policy

Australia urgently needs a contemporary definition of sustainable agriculture, including agreed on-farm metrics, according to UNE senior research fellow and lecturer, Jacqueline Williams. Source: Beef Central Australia urgently needs real sustainable agriculture policy

Farmers jailed for smuggling pig semen in shampoo bottles

Two WA pig producers are jailed over an illegal pig semen racket that spawned more than 2,000 piglets in Australia. Source: ABC Livestock Farmers jailed for smuggling pig semen in shampoo bottles

XE Market Analysis: Asia – Aug 13, 2019

The Dollar firmed up early in the session, supported by a warmer than expected U.S. CPI report. Wall Street and Treasury yields started lower however, with the 30-year bond printing all-time low yields of 2.095%. The Dollar, equities, and yields were subsequently jolted higher by news that the U.S. would re-start trade negotiations with China,… Read more »

XE Market Analysis: The Currency Market Switched to Risk-Off Mode

OVERVIEW Gold jumped 0.5% to its highest level since April 2013 over global tensions. USD/CAD is directionless and is keeping an eye on the oil futures market. WTI Crude oil shed 0.9% after a three-day gain. Source: XE news feed XE Market Analysis: The Currency Market Switched to Risk-Off Mode

XE Market Analysis: North America – Aug 13, 2019

Currency markets have been in a somewhat directionally non-committal mood, with even a backdrop of sputtering global stock markets only managing to elicit modest safe-haven positioning. USD-JPY ebbed to within a pip of the seven-month low seen yesterday at 105.05. EUR-JPY and AUD-JPY also drifted lower, though both remained off their respective lows from yesterday…. Read more »

Weekly genetics review: For some, spring bull sale results better than expected

On the back of a third year in drought and declining cow numbers, there has been quiet concern among many over prospects for this year’s spring bull sales as the July sales commenced. However some strong results, underpinned by bulk purchases from Queensland producers, have combined to keep clearances reasonably strong over the past four… Read more »

XE Market Analysis: Europe – Aug 13, 2019

The Dollar has traded moderately firmer against most of the other main currencies outside the case against the Australian Dollar, which has modestly outperformed so far today. The Yen softened, correcting some of the recent safe-haven driven gains, despite a tumble on Wall Street yesterday and across Asian equity bourses today, though the Japanese currency… Read more »

Rolleston’s Billabalong sets $22m record for Arcadia Valley country

Located in the heart of arguably the best cattle country in Queensland, 3900ha Billabalong station has set a price record for the Arcadia Valley region of more than $22 million, following completion of an expressions of interest campaign this week Source: Beef Central Rolleston’s Billabalong sets m record for Arcadia Valley country

Miners back stronger deterrents against trespass

The Queensland Resources Council (QRC) supports the strong action the Federal Government is taking on anti-farming activists and is urging the Government to extend the laws to cover mining-related businesses and infrastructure. Source: Beef Central Miners back stronger deterrents against trespass