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GrainsThis week’s AuctionsPlus online cattle market saw numbers total 12,549 head, down 16pc from the particularly large offering the week before. Most categorties eased in price, with the exception of PTIC heifers that averaging $1312, a lift of $31 on the week before. Source: Beef Central Young cattle prices trend down in smaller AuctionsPlus… Read more »
Month: November 2019
XE Market Analysis: Asia – Nov 29, 2019
FX trade was very light on Friday, with many traders taking the day after Thanksgiving off. There was no data to drive prices, though the Dollar was mostly lower overall. The DXY pulled back from levels last seen on October 15, printing 98.54 early, before easing to 98.23 into the London close. EUR-USD rebounded from… Read more »
XE Market Analysis: North America – Nov 29, 2019
The dollar majors have remained without direction in light trading conditions. European stock markets found a footing today, but global stock markets have overall been in sputtering mode on concerns that the souring in U.S.-China relations over Hong Kong (where fresh large pro-democracy demonstrations are reportedly being planned for the weekend) will make trade-deal making… Read more »
XE Market Analysis: Europe – Nov 29, 2019
The main currencies have continued to trade without directional vigour and in low volumes. U.S. markets will be returning only for a half day today, which will keep volumes down after the Thanksgiving holiday yesterday (a so-called bridge weekend for many). Stock markets in Asia have continued to sputter lower, and S&P 500 futures are… Read more »
Lay preg testers get green light in Queensland
Queensland has joined other mainland Australian states with government approval announced yesterday for suitably trained and certified laymen to join veterinarians in providing pregnancy testing services to the cattle and live export industry. Source: Beef Central Lay preg testers get green light in Queensland
Recruitment: The importance of managing worker fatigue
Latest listings on Jobs Central recruitment page: Overseer / Station Hand – Vic Quality Assurance Manager, Gingin Abattoir – Prime Meat Qualified Shearers for instructor positions – South West TAFE… Source: Sheep Central Recruitment: The importance of managing worker fatigue
Forward wool trading muted by market fatigue
THE recent trend of selling inaction continued again this week, with the only forward wool trades executed ended up being at levels 30 cents over the closing spot cash prices. Source: Sheep Central Forward wool trading muted by market fatigue
Recruitment: The importance of managing worker fatigue
Whenever people are working in potentially hazardous environments, which can often be the case in the meat and livestock supply chain, it is important that a high degree of alertness be maintained in order to minimise the risk of accidents and mistakes. However, it is often the case that staff can quickly become weary from… Read more »
Wool supply-sensitive market drops for second week
AUSTRALIAN wool growers continued to resist a further slide in auction wool prices this week as buyers react to large bale offering. Source: Sheep Central Wool supply-sensitive market drops for second week
Grain Central’s November grains and cropping news quiz
Keep up to date with Australian cropping industry developments with Grain Central’s monthly quiz. Source: Grain Central Grain Central’s November grains and cropping news quiz
Welfare bodies oppose sheep freeze branding despite strong uptake
ANIMAL protection groups are maintaining their opposition to sheep freeze branding as an alternative to surgical mulesing, as growers embrace the process and plans are made to independently research its welfare impacts. Source: Sheep Central Welfare bodies oppose sheep freeze branding despite strong uptake
Dubbo buzzes for trans-Tasman shearing and wool battles + VIDEO
SHEARING and wool handling competition followers can monitor trans-Tasman and national selection events at the 2019 Australian titles in Dubbo on a number of Facebook sites from 4.30pm today and over the weekend. Source: Sheep Central Dubbo buzzes for trans-Tasman shearing and wool battles + VIDEO
MLA’s Accelerated Adoption Initiative commences
Red meat livestock (Cattle, Sheep and Goat) levy-payers can now access a wide range of Meat & Livestock Australia’s (MLA) products and services delivered directly to them at no cost following the commencement of the Accelerated Adoption Initiative. Source: Beef Central MLA’s Accelerated Adoption Initiative commences
Leading beef producers featured in NAB 2020 Agribusiness calendar
Several exceptional beef producers were highlighted at the 2020 NAB Agribusiness Calendar launch in the Barossa Valley last night. Source: Beef Central Leading beef producers featured in NAB 2020 Agribusiness calendar
Dubbo sale 28 Nov: Further falls for cow rates
With most export processors running at capacity levels for cows the cow market suffered further falls losing a further 18c compared to the cheaper market of a week ago. Source: Beef Central Dubbo sale 28 Nov: Further falls for cow rates
Blue card requirement for rural fire fighters sparks outrage
Amid one of the worst rural fire seasons on record, thousands of rural fire brigade volunteers in Queensland are facing disqualification from fighting fires because they don’t have blue cards. Source: Beef Central Blue card requirement for rural fire fighters sparks outrage
BOM predicts warmer and drier times ahead
LARGE parts of Australia are likely to see a continuation of the warmer and drier-than-average conditions experienced throughout spring, according to the Bureau of Meteorology’s 2019/20 Summer Outlook released yesterday. Source: Sheep Central BOM predicts warmer and drier times ahead
Sheep Producers Australia CEO departs after 15 months
SHEEP Producers Australia has announced the departure today of its first chief executive officer, Graham Smith, after he served just 15 months in the position. Source: Sheep Central Sheep Producers Australia CEO departs after 15 months
XE Market Analysis: Asia – Nov 28, 2019
The dollar bloc currencies traded softer as a flare up in U.S.-China relations spoilt markets appetite for risk. The yen also steadied above lows while global stock markets stalled after Beijing threatened as yet unspecified “firm counter measures” in response to President Trump’s signing of the Hong Kong Human Rights bill. A side theme of… Read more »
XE Market Analysis: North America – Nov 28, 2019
The dollar majors have been holding narrow ranges, though the pound still managed to carve out a fresh high against the dollar following a bellwether opinion poll showing PM Johnson’s Conservative party is on track to win the upcoming UK general election with a “sizeable” majority. Cable edged out a new now-week high (by 1… Read more »
XE Market Analysis: Europe – Nov 28, 2019
The pound has rallied to six-month highs against both the euro and yen, while printing a one-week high in the case against the dollar. The UK currency was given a boost by a much-watched poll, released late evening (UK time) yesterday, showing the Conservatives to be on course to win a working majority at the… Read more »
China protein deficit reflected in JBS’s booming third quarter results
A vast protein deficit in China caused by the onset of African Swine Fever has been reflected in the world’s largest meat processor, JBS’s third quarter results announced last week. Source: Beef Central China protein deficit reflected in JBS’s booming third quarter results
Family-owned factory invests in dairy's future with the help of robots
At a desperate time for the dairy industry, a determined Sunshine Coast couple is staking their financial future on upgrading their processing plant and keeping local farms in business. Source: ABC Livestock Family-owned factory invests in dairy’s future with the help of robots
New online hub for Australia’s red meat integrity system
Livestock producers and supply chain stakeholders can now access information and resources for Australia’s red meat integrity system in the one location with the new Integrity Systems Company (ISC) website launched last week at Red Meat 2019 in Tamworth. Source: Beef Central New online hub for Australia’s red meat integrity system
Warmer, drier conditions likely to continue into 2020
Large parts of Australia are likely to see a continuation of the warmer and drier-than-average conditions experienced throughout spring, according to the Bureau of Meteorology’s 2019/20 Summer Outlook released today. Source: Beef Central Warmer, drier conditions likely to continue into 2020
Feedgrain Focus: Barley finds the floor as new-crop eases
Wheat prices are showing no signs of easing, but new-crop barley prices have dropped a few dollars per tonne in the past week to levels which are buying domestic slots in eastern Australia and exciting some export interest. Source: Beef Central Feedgrain Focus: Barley finds the floor as new-crop eases
Dalby sale 27 Nov 2019: Export cattle cheaper
The supply of stock reduced from the very high level of the previous week with 2,359 head less to 6,715. Source: Beef Central Dalby sale 27 Nov 2019: Export cattle cheaper
Carted water charges proposed for feedlot customers
The stock water access situation for eastern states feedlots continues to deteriorate, with one large Queensland commercial yard this week proposing to charge custom-feeding clients for carted water from early next year. Source: Beef Central Carted water charges proposed for feedlot customers
GM moratorium looks set to prevail in SA for now
South Australia’s moratorium on growing genetically modified (GM) crops looks set to continue because of an impasse in the state’s Upper House. Source: Grain Central GM moratorium looks set to prevail in SA for now
VFF fails in bid to exempt family businesses from work death laws
VICTORIAN farmers have failed to have family businesses exempted from new workplace manslaughter legislation. Source: Sheep Central VFF fails in bid to exempt family businesses from work death laws
Consumers urged not to boycott iced coffee brand amid news of Chinese company takeover
South Australians are being urged not to boycott Farmers Union Iced Coffee, following news that a Chinese-owned company would be taking over its parent company. Source: ABC Livestock Consumers urged not to boycott iced coffee brand amid news of Chinese company takeover
Share traders raise $184,500 for Burrumbuttock Hay Runners
Following a bumper day of stock exchange trade dedicated to supporting Aussie farmers in drought, the Nabtrade online share trading platform has raised $184,500 to support the Burrumbuttock Hay Runners charity. Source: Beef Central Share traders raise 4,500 for Burrumbuttock Hay Runners
XE Market Analysis: Asia – Nov 27, 2019
The Dollar advanced early in the N.Y. session on Thursday, supported by a better than expected Q3 GDP revision, and stronger durable orders data. The DXY popped to 98.44 from 98.28 at the open. The Greenback reversed lower following the 10:00 EST round of data, where personal income missed the mark. FX activity slowed to… Read more »
XE Market Analysis: North America – Nov 27, 2019
The dollar has been trading mixed so far today, edging out a new high versus the euro and Swiss franc, holding firm against the yen, but losing ground to the pound and Canadian dollars. The U.S. currency also pared earlier gains versus the Australian dollar. This price action has come amid a backdrop of ongoing… Read more »
XE Market Analysis: Europe – Nov 27, 2019
The dollar has traded moderately firmer. The narrow trade-weighted USD index (DXY) rose fractionally to 98.35, which is 3 pips shy of the 13-day high seen on Monday, while EUR-USD ebbed to a 1.1008 low, which is 1 pip short of yesterday’s low and 5 pips short of the 13-day nadir seen on Monday. USD-JPY… Read more »
Qld beef producers’ regenerative agriculture recognised in awards + VIDEO
Queensland beef producers Russell and Catriona Murdoch’s work to use regenerative agriculture to achieve both ecological and financial improvements within their grazing business were recognised when they were announced as finalists in the Reef Champion Awards in Mackay last night. Source: Beef Central Qld beef producers’ regenerative agriculture recognised in awards + VIDEO
Biosecurity measures allow interstate lupins to move into NSW
BIOSECURITY protocols and processes allowing interstate lupins to move into and through drought-affected New South Wales have been finalised by industry and the NSW Department of Primary Industries. Source: Sheep Central Biosecurity measures allow interstate lupins to move into NSW
Weekly rainfall wrap + rain outlook, 27 November 2019
THUNDERSTORMS brought rainfall to the Kimberley and northern parts of the Northern Territory, while showers and thunderstorms produced light to moderate falls from north-west Queensland to north-eastern and central coastal areas of New South Wales. Source: Sheep Central Weekly rainfall wrap + rain outlook, 27 November 2019
Naracoorte first cross ewe lambs sell to $361
FIRST cross ewe lambs have sold to a South Australia state record of $361 at the annual Naracoorte sale last week. The Naracoorte saleyard agencies of Pinkerton Palm Hamlyn &… Source: Sheep Central Naracoorte first cross ewe lambs sell to 1
Losses mount in November grainfed trading budget
A record-high breakeven figure has been recorded in Beef Central’s monthly 100-day grainfed steer trading budget calculated this morning. Using our standard set of variables, we’ve arrived at a $47 loss on our typical 450kg feeder steer entering a downs feedlot today, and closing out after a 105 day program in March next year. … Read more »
Scott’s inspiring journey from farm accident to Paralymic Gold
Sprinter, Paralympian and third-generation farmer, Scott Reardon, kicked off his role as an MLA Australian Beef Ambassador this week with an inspiring presentation at Red Meat 2019. Source: Beef Central Scott’s inspiring journey from farm accident to Paralymic Gold
Roma store sale 26 Nov 2019: Patchy rain in supply area
Prices varied greatly across the yarding with steers and lightweight heifers mostly improving while cows eased significantly. Source: Beef Central Roma store sale 26 Nov 2019: Patchy rain in supply area
CQ Inland Port on course to fast-track grain and container freight
The Central Queensland Inland Port is beginning to take shape with the completion of earthworks and a rail siding, and GrainCorp on track to have an $18.5-million grain handling facility ready for next year’s harvest. Source: Grain Central CQ Inland Port on course to fast-track grain and container freight
Weekly rainfall wrap + rain outlook, 27 Nov 2019
Thunderstorms brought rainfall to the Kimberley and northern parts of the Northern Territory, while showers and thunderstorms produced light to moderate falls from northwest Queensland to northeastern and central coastal areas of New South Wales. Source: Beef Central Weekly rainfall wrap + rain outlook, 27 Nov 2019
NSW clears lupins to feed livestock
New biosecurity permits have opened lupin supply lines to feed livestock in drought-affected New South Wales. Source: Grain Central NSW clears lupins to feed livestock
Online wool bale sales stall as auction rates drop
ONLINE wool sales stalled last week as prices dropped across Australia’s physical auctions. Source: Sheep Central Online wool bale sales stall as auction rates drop
Three sheep-farming brothers bring Movember to Avenel
MOVEMBER’S simple message to talk about mental health has already had real benefits for three brothers at Avenel in Victoria and the community around them. Source: Sheep Central Three sheep-farming brothers bring Movember to Avenel
Dubbo set for some trans-Tasman shearing and wool handling sport
AUSTRALIAN efforts to officially recognise shearing as a sport have been backed by the mayor of New South Wales city Dubbo as it prepares to host the 2019 National Shearing and Wool handling Championships. Source: Sheep Central Dubbo set for some trans-Tasman shearing and wool handling sport
XE Market Analysis: Asia – Nov 26, 2019
FX trade was very quiet in N.Y. on Tuesday, with narrow ranges the rule for major Dollar pairings. The Greenback ended up pretty much flat overall, with the DXY inching higher to 98.37 early on, then falling back to 98.27 lows through the afternoon. As has been the case of late, there was little reaction… Read more »
XE Market Analysis: North America – Nov 26, 2019
A drop in the pound provided some directional action in an otherwise narrow trading ranges so far today. The yen managed to eke out fresh lows against the dollar and other currencies before finding a footing. The pound was showing a 0.4% loss against the euro as of the late London morning session, and was… Read more »
XE Market Analysis: Europe – Nov 26, 2019
The yen printed fresh lows as a cautious risk-on sentiment persisted in markets in Asia after the three major U.S. equity indices posted new record highs. Top U.S. and Chinese trade negotiators held a telephone conference yesterday, while China’s Global Times reported that the two sides were “moving closer to agreeing” a phase 1 deal… Read more »
No water, no work: 100 more jobs to go at SunRice
One of Australia’s largest food exporters will lose more jobs in the new year after failing to entice growers to plant rice crops. Source: ABC Grain No water, no work: 100 more jobs to go at SunRice
Australia ratifies trade deal with Indonesia
Australia today ratified its latest bilateral trade agreement, this time with its northern neighbour, Indonesia. Source: Beef Central Australia ratifies trade deal with Indonesia
Cruelty charges aim to halt South African sheep exports
MAJOR Middle East livestock importer Al Mawashi is among defendants to criminal charges laid in relation to a live sheep shipment from South Africa last month. Source: Sheep Central Cruelty charges aim to halt South African sheep exports
ALRTA urges ministers to reject 11.8pc charge hike
The Australian Livestock and Rural Transporters Association (ALRTA) has called on Australian Transport Ministers to reject a proposal to increase heavy vehicle charges by 11.8pc. Source: Beef Central ALRTA urges ministers to reject 11.8pc charge hike
Agribusiness: Ridley sees some positives in 2H20 outlook
Strong price outlooks for meat and milk are providing some positives for Australia’s largest stockfeed miller, Ridley Corporation Limited in the second half of its financial year ending 30 June… Source: Beef Central Agribusiness: Ridley sees some positives in 2H20 outlook
SunRice to further downscale Riverina milling, cut jobs
SunRice has today announced a further reconfiguration of its Riverina operations, with another 100 job losses anticipated in 2020. Source: Grain Central SunRice to further downscale Riverina milling, cut jobs
Weekly kill: Grids show easing trend, as processors fill remaining slots for the year
With three weeks remaining in the 2019 beef slaughter season, some Eastern states processors have lowered grid offers this week – or indeed withdrawn from quoting altogether – confident that they have their kill requirements more or less covered through to Christmas plant closures. It’s delivered some significant corrections in saleyards prices for slaughter cattle… Read more »
Desperate times trigger pleas for urgent measures
With long-running severe drought conditions showing no signs of abating, a range of new measures are being pursued to ease pressure on affected producers trying to keep herds alive. Source: Beef Central Desperate times trigger pleas for urgent measures
Ridley sees some positives in 2H20 outlook
Strong price outlooks for meat and milk are providing some positives for Australia’s largest stockfeed miller, Ridley Corporation Limited in the second half of its financial year ending 30 June. Source: Grain Central Ridley sees some positives in 2H20 outlook
Wagga sale 25 Nov 2019: Prices cheaper in 6660 head yarding
Losses of 10-24c were recorded as the market felt the pressure from the drying season and poor outlook further into summer. Source: Beef Central Wagga sale 25 Nov 2019: Prices cheaper in 6660 head yarding
XE Market Analysis: Asia – Nov 25, 2019
The Dollar was firmer overall in N.Y. trade on Monday, leaving the DXY at eight session highs of 98.36 into the close. The only data release of note was a softer Dallas Fed index, but it had little impact on markets. The Dollar, and Wall Street were supported by news that China would begin cracking… Read more »
XE Market Analysis: North America – Nov 25, 2019
The dollar firmed up during the London morning session, though lost ground to an underperforming pound, which benefited by the latest opinion polls showing PM Johnson’s Conservative party has increased its lead, while paring Asia-session losses against the dollar bloc currencies. The yen remained on a back foot, reflecting an unwinding in its safe-haven premium… Read more »
XE Market Analysis: Europe – Nov 25, 2019
The yen has weakened amid risk-on trading after Beijing pledged new measures to protect intellectual property. While many market narratives have a fatigued tone after repeated and often banal rhetoric with regard to progress being made six weeks after the “phase 1” deal was announced, the fact that neither side has walked away seems to… Read more »
MLA MD Jason Strong’s views on anti-meat activism, alternative proteins
Eight months into his new job as Meat & Livestock Australia managing director and CEO, Jason Strong gave a frank and forthright account of his views on anti-meat activism and the perceived threat to red meat from plant based proteins during last week’s annual general meeting in Tamworth. Source: Sheep Central MLA MD Jason… Read more »
Light forward wool trading in uncertain market
FORWARD bidding on wool remained consistent last week with a light volume traded at or around cash levels. Source: Sheep Central Light forward wool trading in uncertain market
NSW Farmers welcomes bushfire recovery grants
NSW Farmers will ask the Federal Government for further assistance despite welcoming joint federal and state government bush fire recovery grants of up to $15,000 for farmers and small businesses. Source: Sheep Central NSW Farmers welcomes bushfire recovery grants
African Swine Fever detections continue at Australian airports
MEAT samples testing positive for African Swine Fever are continuing to be detected in the luggage of air passengers from high risk countries. Source: Sheep Central African Swine Fever detections continue at Australian airports
Do you have anything to say about agricultural levies?
AUSTRALIAN farmers are being invited to have their say on the evolution of agricultural levies legislation in an online survey. Source: Sheep Central Do you have anything to say about agricultural levies?
Composite and crossbred ewes sell well on AuctionsPlus
COMPOSITE and crossbred ewes continued to sell well in AuctionsPlus sales last week, but Merinos met weaker competition. Source: Sheep Central Composite and crossbred ewes sell well on AuctionsPlus
AWI election exposes ongoing wool industry divide
AUSTRALIAN Wool Innovation’s 2019 director election has exposed an ongoing divide within the industry over animal welfare and governance, according to analysts. Source: Sheep Central AWI election exposes ongoing wool industry divide
NT study exposes major benefits from phosphorus supplementation
The final calf-cycle in a four-year phosphorus supplementation study has produced the most compelling evidence yet of the contribution of phosphorus support in extensive northern Australian breeding herds. Source: Beef Central NT study exposes major benefits from phosphorus supplementation
MLA MD Jason Strong’s views on anti-meat activism, alternative proteins
Eight months into his new job as Meat & Livestock Australia managing director and CEO, Jason Strong gave a frank and forthright account of his views on anti-meat activism and the perceived threat to red meat from plant based proteins during last week’s annual general meeting in Tamworth. Source: Beef Central MLA MD Jason… Read more »
Chinese company to take over Dairy Farmers and Aussie dairy icons for $600m
The Chinese company, which recently took over Bellamy’s, wants to pay $600 million to Japanese beverage giant Kirin for Dairy Farmers, Masters and Pura and other dairy icons. Source: ABC Livestock Chinese company to take over Dairy Farmers and Aussie dairy icons for 0m
Race to rescue thousands of sheep from sinking ship
Rescuers say they hope more than 14,000 sheep trapped inside a sinking cargo ship off Romania are still alive, in an accident which has shed light on Europe’s live export trade. Source: ABC Livestock Race to rescue thousands of sheep from sinking ship
Storms not enough to trigger NSW summer sowing
A storm front that brought patchy falls to the parched north west farming regions of NSW yesterday gave farmers a much-needed boost to morale, but wasn’t enough to kick start summer crop planting in earnest. Source: Grain Central Storms not enough to trigger NSW summer sowing
Feedgrain Focus: Warehousing trend, harvest heat lift prices
Wheat and barley bids to growers lift $5-10/t as growers remain reluctant sellers at current levels. Sorghum prices rally further as hopes for widespread early plant evaporate. ASX slides. Source: Beef Central Feedgrain Focus: Warehousing trend, harvest heat lift prices
CSIRO auctions historic bull semen for charity
Advances in science mean an historic collection of bull semen held by CSIRO is no longer required by the national science agency, and will be auctioned this week to raise money for the charity. An on-line auction will include about 150 semen lots totalling about 5000 straws from a variety of breeds, representing AI donor… Read more »
Consumers still love red meat, but some feel ‘conflicted’
Latest data from long running consumer research confirms most Australians still love red meat, but are increasingly conflicted by messaging indicating it is unhealthy and bad for the environment. Source: Beef Central Consumers still love red meat, but some feel ‘conflicted’
How investing big in water saved the Brown family's cattle station
When the Brown family bought a station in 2014 for cattle production in the Northern Territory, they were warned it could be an expensive project that may not succeed. But five years on their business is thriving. Source: ABC Livestock How investing big in water saved the Brown family’s cattle station
I fell for a plucky rooster called Percy — and then a card was slipped under my door
If you’re drawn, inexorably, towards a particularly fine-looking chook, intoxicated with its pizzazz and personality, trust me, it’s a rooster and your heart is about to break, writes Fiona Scott-Norman. Source: ABC Livestock I fell for a plucky rooster called Percy — and then a card was slipped under my door
A female voice in a tough crowd, livestock auctioneer Courtney Hanns is bidding to be the best
Amid bellowing cattle and boisterous bidding in the Carcoar saleyards New South Wales’ central west there is a unique and rare sound — the voice of a female auctioneer. Source: ABC Livestock A female voice in a tough crowd, livestock auctioneer Courtney Hanns is bidding to be the best
Numbers surge to near-record 15,000 head on AuctionsPlus
Listing numbers on AuctionsPlus have surged to near record high levels this week, lifting by 30 percent to more than 15,000 head in catalogues across the four cattle sales. The sharp, drought-driven jump in offerings saw the overall clearance fall slightly. Source: Beef Central Numbers surge to near-record 15,000 head on AuctionsPlus
XE Market Analysis: Asia – Nov 22, 2019
The Dollar ended the week at a six-session high, taking the DXY to 98.24 highs from early lows of 97.99. Incoming U.S. data were the drivers, leaving flash manufacturing and services ISMs at better than expected levels, and seeing the final November University of Michigan consumer sentiment rise to higher than consensus forecasts. Wall Street… Read more »
'Catastrophic situation': Drought, bushfires cause unprecedented water shortage for coastal NSW
As the drought and bushfire threats continue, some coastal towns in northern NSW are facing extreme water shortages, while others are heading for their driest November on record. Source: ABC Livestock ‘Catastrophic situation’: Drought, bushfires cause unprecedented water shortage for coastal NSW
How the red meat industry is trying to fight veganism and plant-based proteins
Amid growing conversations about healthy diets, veganism and plant-based proteins, how does red meat stay on consumers’ plates? Source: ABC Livestock How the red meat industry is trying to fight veganism and plant-based proteins
XE Market Analysis: North America – Nov 22, 2019
The dollar has been trading steady-to-firmer so far today, posting gains against the euro and the pound following weak flash November PMI data out of the UK and Eurozone. EUR-USD printed a one-week low at 1.1047 in the wake of the flash November PMI data out of the Eurozone, where disappointing services data outweighed an… Read more »
XE Market Analysis: Europe – Nov 22, 2019
Currencies have been seeing unremarkable movement against a backdrop of sputtering global stock markets. Mixed leads from the U.S.-China trade negotiation front has fostered a fatigue in markets. President Xi said today that China wants to work out an initial trade agreement and has been trying to avoid a trade war, but is also not… Read more »
Former AWI chairman Wal Merriman dumped from board after divisive election
The wool industry has shaken up Australian Wool Innovation, with woolgrowers electing two new candidates to the board and dumping former chairman Wal Merriman. Source: ABC Livestock Former AWI chairman Wal Merriman dumped from board after divisive election
MLA AGM questions: What’s bugging red meat stakeholders?
The impact of African Swine Fever on global meat trade, the MLA board election process, dung beetle research funding and the wisdom of engaging with environmental and animal welfare activists were among the broad suite of topics occupying the minds of red meat industry stakeholders during questiontime at this week’s MLA annual general meeting in… Read more »
Wool prices fail to maintain positive momentum
AUSTRALIAN wool auction prices have faltered again, recording losses across the entire Merino range and reversing last week’s 19-cent gain in the benchmark AWEX Eastern Market Indicator. Source: Sheep Central Wool prices fail to maintain positive momentum
Henderson and Humphries on AWI board, Merriman out
AUSTRALIAN Wool Innovation has gained two new directors in a strong grower move for change that has ousted former chairman Wal Merriman in his first contested election since 2006. Source: Sheep Central Henderson and Humphries on AWI board, Merriman out
Australia’s wool clip forecast to go lower
FALLING sheep numbers and lower drought-affected wool cuts are forecast to shrink Australia’s clip to 272 million greasy kilograms in 2019/20. Source: Sheep Central Australia’s wool clip forecast to go lower
Te Huia’s shearing record bid from the heart
PROLIFIC shearing record breaker Stacey Te Huia arrived back in New Zealand at the weekend to start the countdown to a rare Merino wether record bid in Central Otago. Source: Sheep Central Te Huia’s shearing record bid from the heart
Fewer, bigger, bolder: Jason Strong unveils new MLA plan
“Fewer, Bigger, Bolder” will become Meat & Livestock Australia’s mantra as it works to achieve a new industry goal of doubling the value of Australian red meat sales by 2030, Jason Strong announced in his first address as managing director to the MLA AGM in Tamworth on Wednesday. Source: Sheep Central Fewer, bigger, bolder:… Read more »
MLA AGM endorses the new and the re-elected
A new boardmember and two incumbents returning for a second three-year term were endorsed by levy payers during Meat & Livestock Australia’s annual general meeting in Tamworth on Wednesday afternoon. Source: Sheep Central MLA AGM endorses the new and the re-elected
Recruitment: Four ways that employers can inspire their staff
To be most productive, an employee needs to feel inspired by their leader or leaders, the business and the business’s ‘brand message.’ So what are the key ways an employer in the red meat industry can inspire staff? Here’s some suggestions… Source: Sheep Central Recruitment: Four ways that employers can inspire their staff
Dubbo sale 21 Nov: Strong cow market loses steam
The very strong cow market we have become used to comes to an end falling by up to 23c and more in places with restricted competition from both northern and southern processors. Source: Beef Central Dubbo sale 21 Nov: Strong cow market loses steam
Broncos kick back at vegan rumours after Netflix doco
The Brisbane Broncos NRL club has been forced to publicly reject bizarre media reports that its nutrition program endorses veganism. Source: Beef Central Broncos kick back at vegan rumours after Netflix doco
Cattle saved from drought and fire thanks to kind neighbours
In a practical example of helping farmers, members of a small suburban community help a farmer move cattle out of a scorched paddock to greener pastures. Source: ABC Livestock Cattle saved from drought and fire thanks to kind neighbours
