Month: April 2020

XE Market Analysis: North America – Apr 30, 2020

The Canadian dollar posted a fresh high as oil prices continued to surge, while most other currencies have traded with little direction so far today, into the ECB’s policy announcement and the weekly economic reality check of U.S. jobless claims data. USD-CAD printed a seventeen-day low at 1.3857, as June WTI crude futures rallied by… Read more »

Italian brands urge AWI chair to lead change to non-mulesed wool

PROMINENT Italian textile processor Reda and clothing company Loro Piana have penned an open letter to Australian Wool Innovation chair Colette Garnsey to tell her that the movement to non-mulesed/ceased mulesed wool sourcing is massive and increasing annually. Source: Sheep Central Italian brands urge AWI chair to lead change to non-mulesed wool

XE Market Analysis: Europe – Apr 30, 2020

Narrow ranges have been prevailing in currency markets so far today, despite a rally in global stock markets on news of positive partial results from a trial of Gilead’s antiviral Remdesivir drug, which showed it could speed up the recovery from Covid 19. The news saw Wall Street rally and the MSCI Asia-Pacific equity index,… Read more »

Some certified grassfed beef grids take off – What’s driving it?

There’s been a dramatic rise in some Certified Grassfed cattle price grids in recent weeks, contrasting sharply with the general price deterioration in the cattle market during April, and especially since the added burden of COVID-19. Some large certified grassfed brand programs have shot up by 50c/kg over the past week, hitting close to record… Read more »

From feeding goats to fighting virus

Chris Bishop’s career as an epidemiologist had slowed down, allowing her to spend time on her farm, until the coronavirus pandemic was declared. Source: ABC Livestock From feeding goats to fighting virus

Imported feedgrain could stack up in future droughts

A report commissioned by volume feedgrain users says a facility built within a port zone to treat imported grain could improve their ability to weather future droughts. Source: Beef Central Imported feedgrain could stack up in future droughts

BeefEx 2020, World Angus Forum join COVID-19 casualty list

More large beef industry events have been cancelled or postponed this week, in the wake of the restrictions placed on large gatherings and travel brought on by coronavirus. Source: Beef Central BeefEx 2020, World Angus Forum join COVID-19 casualty list

Namoi Cotton posts $10.99 million loss

Namoi Cotton Limited has reported a $10.99 million loss for the year ended 29 February, 2020, a drop of $10.43 million on the previous year. Source: Grain Central Namoi Cotton posts .99 million loss

Dalby sale 29 Apr 2020: Firm to dearer market for 3150 head

A large sample of light weight yearling heifers to restockers or background were in demand and sold to a much dearer trend. Source: Beef Central Dalby sale 29 Apr 2020: Firm to dearer market for 3150 head

BOM warns sheep graziers of potentially deadly chill this weekend

People are being urged to batten down the hatches as the cold weather hits, including sheep graziers who could lose animals to the potentially deadly chill. Source: ABC Livestock BOM warns sheep graziers of potentially deadly chill this weekend

XE Market Analysis: Asia – Apr 29, 2020

The Dollar attempted to rally early in the N.Y. session on Wednesday, though later eased on the back of a weaker Q1 GDP report, and as risk-on conditions prevailed following reports that Gildead’s remdesivir virus drug had potential against the pandemic. Wall Street rallied sharply on the news. The dollar held steady following the FOMC… Read more »

XE Market Analysis: North America – Apr 29, 2020

The dollar has been trading with a softening bias so far today amid a backdrop of overall perky, but cautious global stock markets, with the commodity currencies continuing to outperform while the likes of the euro, sterling and yen left somewhere in the middle. Stock markets mostly gain in Asia and Europe, though European markets… Read more »

Weekly property review – Paying on true northern potential

The issues surrounding land clearing on all tenure types, and proposals for partial land use change via Non-Pastoral Use permits in the Northern Territory are complex, and are the topic of deep and continued debate between the Territory government and various industry bodies, property editor Linda Rowley reports. Source: Beef Central Weekly property review… Read more »

XE Market Analysis: Europe – Apr 29, 2020

The dollar has been trading with a softening bias so far today amid a backdrop of overall perky global stock markets, with the commodity currencies continuing to outperform while the likes of the euro, sterling and yen left somewhere in the middle. Source: XE news feed XE Market Analysis: Europe – Apr 29, 2020

Trump takes presidential action to keep US meat processing plants open

US President Donald Trump has used a little-known piece of Korean-War era legislation to keep meat packing plants open, amid fears that protein shortages might arise in the US due to the impact of the coronavirus pandemic. Source: Beef Central Trump takes presidential action to keep US meat processing plants open

Number of cattle on live export ships to reduce from November

The number of cattle permitted on livestock export ships will be reduced by up to 14 percent from November 1, giving the industry six months to prepare for long-touted stocking density rule changes. Source: Beef Central Number of cattle on live export ships to reduce from November

SA sheep biosecurity to get on-farm planning boost

ON-FARM biosecurity planning in South Australia will be boosted with the appointment of SA academic and sheep farmer Dr Emily Buddle in a specialist extension role with Animal Health Australia. Source: Sheep Central SA sheep biosecurity to get on-farm planning boost

There is opportunity in COVID-19, says NSW sheep dairy farmer

NEW South Wales sheep dairy farmer Cressida Cains sees opportunities for small farmers to replace speciality cheese imports with homegrown branded products as the COVID-19 pandemic impacts global supply chains and domestic consumer preferences. Source: Sheep Central There is opportunity in COVID-19, says NSW sheep dairy farmer

Weekly rainfall wrap + rain outlook, 29 April 2020

COLD fronts tracked across southern Australia and produced moderate falls in the south-east, while an onshore flow brought showers and moderate falls to the north tropical coast of Queensland. Source: Sheep Central Weekly rainfall wrap + rain outlook, 29 April 2020

Weekly rainfall wrap + rain outlook, 29 Apr 2020

Cold fronts tracked across southern Australia and produced moderate falls in the southeast, while an onshore flow brought showers and moderate falls to the north tropical coast of Queensland. Source: Beef Central Weekly rainfall wrap + rain outlook, 29 Apr 2020

Dalby Bio-Refinery reopens with focus on hygiene products

United Petroleum’s Dalby Bio-Refinery on Queensland’s Darling Downs has reopened to manufacture industrial-grade ethanol for use in the manufacture of hand sanitiser, hand wash and surface disinfectants. Source: Grain Central Dalby Bio-Refinery reopens with focus on hygiene products

'Coffee, then NAFI': Future of 'crucial' fire-tracking website in doubt

It is one of the most popular and important websites for cattle producers, rangers and carbon farmers in northern Australia, but its funding is about to run out. Source: ABC Livestock ‘Coffee, then NAFI’: Future of ‘crucial’ fire-tracking website in doubt

XE Market Analysis: Asia – Apr 28, 2020

The DXY recovered from the two-week lows of 99.45 seen into the Tuesday N.Y. open, rallying back to 99.94 through the morning session. Today’s economic reports were mixed, with the current April consumer confidence and Richmond Fed headline indexes dropping sharply, but each showed gains for the 6-month figures. Wall Street was mixed, with the… Read more »

XE Market Analysis: North America – Apr 28, 2020

The dollar has taken a rotation lower concomitantly with a pick up in risk appetite during the London AM session, which saw European stock markets and U.S. equity index futures rally following a low-volume sputtering price action in Asian markets. A paring in steep intraday oil price declines was in the mix. Source: XE… Read more »

Wool broker AWN announces expansion of its livestock business

AUSTRALIA’S largest independent wool broker AWN has announced further expansion of its livestock agency business across the country. Source: Sheep Central Wool broker AWN announces expansion of its livestock business

Zoetis invests in Angus genomic reference populations

Zoetis Animal Genetics and Angus Australia have entered into a partnership that will assist Australian Angus seedstock and commercial breeders extract additional benefit from genomic, or DNA-based technology. Source: Beef Central Zoetis invests in Angus genomic reference populations

Weekly genetics review: What have we learnt from 2020’s autumn bull sales?

No one would have predicted on the back of drought, fire and now Covid that averages in many autumn bull sales this year would be up on last year’s results, writes genetics editor Alastair Rayner in this week’s column. “The fact is, there was strong demand throughout for well-described, high-accuracy EBV bulls for use in… Read more »

XE Market Analysis: Europe – Apr 28, 2020

Commodity currencies have seen moderate losses against the dollar and other main currencies against a backdrop of sputtering low-volume stock market trading and a turn lower in oil prices. The Kiwi dollar led the way lower for the commodity group after a research note from Westpac hit a bearish chord by forecasting the RBNZ to… Read more »

After 16 years, SA lifts ban on genetically-modified crops

South Australia will allow mainland farmers to grow genetically-modified (GM) crops from next season, but councils can apply to remain GM-free. Source: ABC Grain After 16 years, SA lifts ban on genetically-modified crops

University of New England to go global with rural crime survey

A RURAL crime survey conceived in New South Wales will go global to discover ways to improve the relationship between victims and those responding to criminal activity in country areas. Source: Sheep Central University of New England to go global with rural crime survey

Online wool sellers meet the market on AuctionsPlus

AUSTRALIAN growers continued to sell wool online last week despite auction prices easing in the COVID-19-affected market. Source: Sheep Central Online wool sellers meet the market on AuctionsPlus

Weekly kill: Desperate measures mooted, as US faces serious slaughter bottleneck

The prospect of meat protein shortages in the US has been raised this week, as the number of beef, chicken and pork processing facilities either closed or operating at reduced levels due to COVID-19 infection among staff escalates. Concerns are being raised that the US has been left dangerously close to meat shortages as coronavirus… Read more »

Processing technology: Chiller humidifiers protect against carcase yield loss

Recent developments in carcase chilling humidification technologies have improved humidity control and enabled progressive abattoirs to reduce their primary chilling evaporative losses from 1.5-3pc to 1pc or less. Source: Beef Central Processing technology: Chiller humidifiers protect against carcase yield loss

Free public drought forums go online in Qld

Information about feeding and caring for livestock in a drought is now being delivered online in Queensland by the Department of Agriculture and Fisheries. Source: Beef Central Free public drought forums go online in Qld

‘Animal disease detectives’ to be trained across SE Asia

A consortium of veterinary scientists has been established to train a new generation of ‘animal disease detectives’ in 11 countries across Southeast Asia and the Pacific.  Source: Beef Central ‘Animal disease detectives’ to be trained across SE Asia

Plague locusts on the rise in western NSW

Potential sightings of plague locusts in the Cobar and Nyngan areas of NSW have prompted a warning from Western Local Land Services Source: Grain Central Plague locusts on the rise in western NSW

Industry projections: Rain fuels potential cattle herd rebuild

Widespread rain since February has fuelled the prospect of the national beef cattle herd entering a rebuilding phase for the first time in three years, MLA says in its Cattle Industry Projections April update. Source: Beef Central Industry projections: Rain fuels potential cattle herd rebuild

Wagga sale 27 Apr 2020: Prices rise in small yarding

A big drop in numbers at Wagga put some fire back into lighter weight secondary cattle categories. Source: Beef Central Wagga sale 27 Apr 2020: Prices rise in small yarding

'Harder than the drought': Wild dogs are the next big challenge for farmers

Farmers are finally starting to pick up the pieces from a devastating drought, but now those on the land say they have an even bigger issue as the wild dog problem strengthens. Source: ABC Livestock ‘Harder than the drought’: Wild dogs are the next big challenge for farmers

XE Market Analysis: Asia – Apr 27, 2020

After falling to one-week lows of 99.83 overnight, the DXY headed modestly higher to 100.18 through the N.Y. morning session. As has been the case of late, trading ranges were narrow relative to the wild swings seen in March. There was no noteworthy data on tap Monday. Wall Street rallied, with gains coming on the… Read more »

XE Market Analysis: Europe – Apr 27, 2020

The Australian dollar has outperformed while the U.S. dollar has underperformed amid a backdrop of rising stock markets in Asia. The narrow trade-weighted USD index dropped 0.5% in making a one-week low at 99.86, while EUR-USD concomitantly posted a five-day high at 1.0860, putting in some more distance from the one-month low that was seen… Read more »

Victorian Minister for Agriculture to outline regional vision

VICTORIAN Agriculture Minister Jaclyn Symes will outline her vision for regional Victoria post COVID-19 during a special Rural Press Club of Victoria webinar this week. Source: Sheep Central Victorian Minister for Agriculture to outline regional vision

Prohibited weed parthenium appears at Forbes and Walgett

OUTBREAKS of the prohibited weed Parthenium have been detected at Forbes and Walgett in New South Wales, prompting a call for vigilance from the state’s Department of primary Industries. Source: Sheep Central Prohibited weed parthenium appears at Forbes and Walgett

AuctionsPlus Wool live online selling rate is increasing

AUCTIONSPLUS has almost doubled its online wool auction selling rate in just one week as it continues weekly sales. Source: Sheep Central AuctionsPlus Wool live online selling rate is increasing

NSW wool grower urges AWI to promote non-mulesed production

NEW South Wales wool grower Jim Gordon puts his case for Australian Wool Innovation to urge Australian Merino breeders to move to plain-bodied sheep to remove the need for mulesing. Source: Sheep Central NSW wool grower urges AWI to promote non-mulesed production

Pendulum swings, as northern processors out-gun live exporters on price

Big corrections seen in live export cattle prices in recent weeks have produced a turning-of-the-tide in the never-ending competitive challenge between Queensland beef processors and live cattle exporters. Source: Beef Central Pendulum swings, as northern processors out-gun live exporters on price

Basing fuel reserve in US “a strategic error”: Trucking association

The Australian Government’s decision to establish its fuel reserve in the United States is a serious strategic error, chair of the Australian Trucking Association, Geoff Crouch, said this week.  Source: Beef Central Basing fuel reserve in US “a strategic error”: Trucking association

March cattle export data shows early COVID-19 impacts

Australian cattle shipments to Indonesia were 41 percent lower in March compared to the same month last year, underscoring the early impacts of COVID-19 restrictions in the key northern export market. Source: Beef Central March cattle export data shows early COVID-19 impacts

Vigilance urged as first locust reports fly in

POTENTIAL sightings of plague locusts in the Cobar and Nyngan areas of New South Wales have prompted a warning from Western Local Land Services. Source: Sheep Central Vigilance urged as first locust reports fly in

Scanned first cross ewes sell to record $444 on AuctionsPlus

PRICES for scanned in-lamb first cross ewe prices reached again record levels on AuctionsPlus last week, as sheep producers across the nation continued to restock after recent rain. Source: Sheep Central Scanned first cross ewes sell to record 4 on AuctionsPlus

Rain triggers timely southern sowing spree

ANZAC weekend rain across the southern cropping region from SA’s Yorke Peninsula to the eastern areas of Victoria has come at an ideal time to kick start this season’s main winter crop sowing. Source: Grain Central Rain triggers timely southern sowing spree

Recruitment: More effective communication of WH&S risks in ag

New guidance around communicating more effective messages about workplace health & safety have emerged. They are a simple, easy-to-use resource. Source: Grain Central Recruitment: More effective communication of WH&S risks in ag

Liquid Gold: Drought-hit WA farmers go drilling and divining for water

Dams are drying up in parts of southern Western Australia, but rather than looking to the sky, drought-affected farmers are searching below ground for water security. Source: ABC Livestock Liquid Gold: Drought-hit WA farmers go drilling and divining for water

Sharp rise in post-Easter AuctionsPlus offering

Cattle numbers rose this week back to pre-Easter levels to 23,854 head listed, an increase of 9643 head. Most categories remained firm, with the exception of some notable price rises among cows and calves which averaged $2208 and PTIC heifers which increased by $58 to average $1664. Source: Beef Central Sharp rise in post-Easter… Read more »

Every man and his dog is suffering as outback fly population explodes

Pastoralists are begrudgingly starting to buy fly nets for the first time, a bush fashion faux pas that is normally associated with overseas tourists visiting the outback. Source: ABC Livestock Every man and his dog is suffering as outback fly population explodes

Agricultural field days go virtual during COVID-19 pandemic

Leading agricultural field days in Australia and New Zealand will stage virtual events as COVID-19 restrictions force the postponement of the physical events until mass gatherings are allowed again. Source: ABC Livestock Agricultural field days go virtual during COVID-19 pandemic

Country parents unhappy with how their children are being taught about agriculture

Many parents across the country are helping their children learn from home for the first time ever, but one man who has been home educating for years warns some parents might not like what they see. Source: ABC Livestock Country parents unhappy with how their children are being taught about agriculture

XE Market Analysis: Asia – Apr 24, 2020

The Dollar traded slightly lower in London morning dealings, before steadying inside of narrow ranges through the N.Y. session. The DXY ranged between 100.25 and 100.49 through the U.S. session. Markets continued to look through the data, as March durable orders slid much more than expected, but had little impact on the FX market. Wall… Read more »

XE Market Analysis: North America – Apr 24, 2020

The dollar pared intraday gains and most currency pairings were showing a net movement of less than 0.2% on the day heading into the New York interbank market opening. European stock markets pared intraday losses of over 2%, with the pan-region Stoxx 600 showing a 0.5% loss as of the early PM session. S&P 500… Read more »

XE Market Analysis: Europe – Apr 24, 2020

The dollar has traded firmer amid a backdrop of souring risk appetite after EU leaders yesterday signed-off the finance minister’s agreement on immediate crisis measures but failed to come up with a deal on a trillion Eurozone recovery fund. This, along with news in the U.S. that Gilead Sciences Inc’s antiviral drug Remdesivir had failed… Read more »

Growers hedge wool on forward markets as auction prices slip

WOOL forward markets seemed to find a base into the spring as the spot auction sector continued to taper downwards this week. Source: Sheep Central Growers hedge wool on forward markets as auction prices slip

Australian wool market retracts further as COVID-19 bites harder

AUSTRALIA’S wool market continued to retract this week, with general overall losses recorded across the country for most Merino and crossbred types. Source: Sheep Central Australian wool market retracts further as COVID-19 bites harder

No wool market commentary ‘prudent’, says AWI’s CEO

AUSTRALIAN Wool Innovation Stuart McCullough has claimed suspending wool market commentary earlier this month was “the prudent thing to do” during the COVID-19 pandemic. Source: Sheep Central No wool market commentary ‘prudent’, says AWI’s CEO

Recruitment: More effective communication of WH&S risks in ag

New guidance around communicating more effective messages about workplace health & safety have emerged, in the form of webinar developed by the Rural Safety & Health Alliance. Source: Sheep Central Recruitment: More effective communication of WH&S risks in ag

The future of the burger amidst the rise of fake meats

In what direction is the burger industry heading? How does a country with 327 million people go about producing and supplying enough meat to meet daily consumer demands, as well as exporting to other countries? QDAF extension officer Kieran Smith recently ventured to the US as part of the Australian national Intercollegiate Meat Judging Association… Read more »

Heavy lamb prices continue to fall in saleyards

HEAVY lamb prices continued to lose ground at major saleyard sales mid-week, while rates for quality trade, light export and restocker lambs were generally firm to dearer. Source: Sheep Central Heavy lamb prices continue to fall in saleyards

MSF Sugar reverses molasses export decision

Queensland Senator, Susan McDonald, has hailed “a win for people power” following MSF Sugar’s decision to now supply Australian customers with molasses to help feed beef and dairy stock through winter. Source: Beef Central MSF Sugar reverses molasses export decision

Live sheep exporter Emanuel continues to fight licence cancellations

WESTERN Australian live exporter Emanuel Exports and subsidiary EMS Rural Exports will continue to seek reversal of their licence cancellations after a criminal investigation into it over sheep losses during Middle East shipments in 2017 was dropped. Source: Sheep Central Live sheep exporter Emanuel continues to fight licence cancellations

Restockers urged to reduce stress to combat pneumonia in cattle

Cattle restockers are being urged to consider introducing stress mitigation measures in their enterprises to help combat a rise in pneumonia related cattle deaths in the Central West. Source: Beef Central Restockers urged to reduce stress to combat pneumonia in cattle

High quality, high return mungbean harvest gathers pace

Mungbean growers are reaping the rewards of high prices and high-grade grain as harvest gets into swing in southern Queensland and northern New South Wales. Source: Grain Central High quality, high return mungbean harvest gathers pace

Feedgrain Focus: Wheat and barley markets largely steady

Exceptional sorghum values are trading in the north amid ongoing dry in Queensland. Much of south-eastern Australia has begun the winter-crop program in near ideal conditions, keeping market activity quiet in wheat and barley. Source: Beef Central Feedgrain Focus: Wheat and barley markets largely steady

Recruitment: More effective communication of WH&S risks in ag

New guidance around communicating more effective messages about workplace health & safety have emerged, in the form of webinar developed by the Rural Safety & Health Alliance. Source: Beef Central Recruitment: More effective communication of WH&S risks in ag

WA hay plant development to lift export capacity

Global feed stocks provider, Al Dahra Australia, will invest $10 million in a hi-tech production line and press at its Western Australian hay processing facility at Wannamal. Source: Grain Central WA hay plant development to lift export capacity

Ecologist warns of dingo 'functional extinction' north of dog fence ahead of new controls

The SA Government is proposing new incentives for landholders to kill wild dogs on their properties, as well as allowing aerial baiting, but an ecologist says the new policy will inevitably target native dingoes. Source: ABC Livestock Ecologist warns of dingo ‘functional extinction’ north of dog fence ahead of new controls

Live sheep exporter Emanuel fighting licence cancellations

Western Australian live exporter Emanuel Exports and subsidiary EMS Rural Exports will continue to seek reversal of their licence cancellations after a criminal investigation into over sheep losses during Middle East shipments in 2017 was dropped. Source: Beef Central Live sheep exporter Emanuel fighting licence cancellations

XE Market Analysis: Asia – Apr 23, 2020

The Dollar index fell through the morning as risk-on conditions prevailed, later rallying as Wall Street gave back the bulk of early gains. The DXY bottomed at 100.06, from 100.63 before peaking at 100.57. Jobless claims rose another 4.2 mln, but had little market impact. New home sales fell in line with expectations has were… Read more »

XE Market Analysis: North America – Apr 23, 2020

The euro has weakened against the dollar and most other currencies as the markets digested the magnitude of decline in preliminary April PMI survey data out of the Eurozone. The manufacturing sector dropped to 33.6 from 44.5 in March, while services sector collapsed to just 11.7 from 26.4 in the moth prior. PMI data out… Read more »

XE Market Analysis: Europe – Apr 23, 2020

The Australian dollar rebounded out of a post-PMI data dip, aided by a generally risk-on sentiment in Asia-Pacific markets today, which followed the bullish vibe on Wall Street, where another massive U.S. coronavirus relief package and a rebound in oil prices have helped buoy stock markets. Preliminary April PMI data out of Japan and Australian… Read more »

Cheap oil buy-up bolsters nation’s strategic fuel reserves

The Australian Government is taking advantage of the slump in global oil prices to buy cheap fuel to store in the Strategic Petroleum Reserve recently set up in the US. Source: Beef Central Cheap oil buy-up bolsters nation’s strategic fuel reserves

What's happened to the Eastern Young Cattle Indicator?

The cattle industry has long relied on the EYCI as an indicator on how the market is tracking. But now it is gone. Source: ABC Beef Cattle What’s happened to the Eastern Young Cattle Indicator?

COVID-19 to put global meat prices under pressure, says ABARES

Global meat prices are expected to come under downward pressure due to the COVID-19 pandemic, but remain high by historical standards, according to an Australian government report released today. Source: Beef Central COVID-19 to put global meat prices under pressure, says ABARES

Price plunge: Where will the live export ship steady?

Where northern live cattle export prices will settle is anyone’s guess after the roller coaster ride of recent weeks. Source: Beef Central Price plunge: Where will the live export ship steady?

Criminal investigation into live sheep exporters abandoned

A CRIMINAL investigation into live sheep exporters Emanuel Exports and EMS Rural Exports in relation to losses during several shipments in 2017 has been dropped. Source: Sheep Central Criminal investigation into live sheep exporters abandoned

Cheap oil buy-up bolsters nation’s strategic fuel reserves

The Australian Government is taking advantage of the slump in global oil prices to buy cheap fuel to store in the Strategic Petroleum Reserve recently set up in the US. Source: Grain Central Cheap oil buy-up bolsters nation’s strategic fuel reserves

COVID-19 to put global meat prices under pressure – ABARES

GLOBAL meat prices are expected to come under downward pressure due to the COVID-19 pandemic, but remain high by historical standards, according to an Australian government report released today. Source: Sheep Central COVID-19 to put global meat prices under pressure – ABARES

MLA receives positive feedback from independent performance review

An independent review into the performance of Meat & Livestock Australia between 2016 and 2020 has indicated that industry service delivery company is in good shape. Source: Beef Central MLA receives positive feedback from independent performance review