Month: May 2020

Rise in most stock category values in larger AuctionsPlus offering

Cattle numbers were up 10pc on AuctionsPlus this week with a total of offering of 21,083 head, while clearance rates eased from the highs experienced last week to sit at 84pc. The majority of stock categories rose in value with the biggest increases being PTIC cows which averaged $2157, up $293. Source: Beef Central … Read more »

Saltbush helps sheep feed gaps and salinity in Stirling Ranges

Saltbush has helped overturn the scourge of salinity for Western Australian producers the Lehmann family, who use it to convert poor areas of their property in into productive country. Source: Sheep Central Saltbush helps sheep feed gaps and salinity in Stirling Ranges

Parasite research project targets new treatments for nematodes

Sheep dung could hold the key to developing the next generation of antiparasitic treatments that could protect Australian livestock and save the industry millions of dollars a year. Source: Sheep Central Parasite research project targets new treatments for nematodes

XE Market Analysis: Asia – May 29, 2020

After falling to two-plus month lows of 97.95 overnight, the DXY recovered to 98.50 through the N.Y. session on Friday. It appeared that broad week and month-end buying was the main driver. For the data, the goods trade deficit widened, while personal income soared 10.5%, on government transfers (PPP). PCE plunged 12.6%, while Chicago PMI… Read more »

XE Market Analysis: North America – May 29, 2020

The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had… Read more »

XE Market Analysis: Europe – May 29, 2020

The yen has strengthened as risk-off sentiment took a grip, while the dollar, despite this backdrop, underperformed. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had produced a two-month high at 119.42. AUD-JPY… Read more »

Entries open for Beef 2021’s National Beef Carcase Competition + VIDEO

THE National Beef Carcase Competition attached to next May’s Beef 2021 event in Rockhampton is now officially open for business, and accepting nominations from across Australia. Source: Beef Central Entries open for Beef 2021’s National Beef Carcase Competition + VIDEO

Stringent protocols key to limiting livex ship COVID-19 outbreaks

Scrutiny of procotols governing COVID-19 outbreaks on livestock export vessels continues as a cluster of positive test results from a cattle and sheep carrier docked in Fremantle grows to nine. Source: Beef Central Stringent protocols key to limiting livex ship COVID-19 outbreaks

AuctionsPlus online wool sales increase

ONLINE wool purchases increased on AuctionsPlus over the past week, possibly because of the lower industry-wide offerings. Source: Sheep Central AuctionsPlus online wool sales increase

Some highlights in slow week for forward wool marketing

IT was a slow week for wool forward market trading volumes, although there were a couple of highlights in this time when commodity markets generally struggle to find good news. Source: Sheep Central Some highlights in slow week for forward wool marketing

Wool prices improve slightly as limited demand meets lower supplies

AUSTRALIAN wool prices recovered slightly this week, with improvement in Merino and crossbred values, as the limited supplies matched current demand. Source: Sheep Central Wool prices improve slightly as limited demand meets lower supplies

Global beef production outlook revised downwards

As parts of the world cautiously ease out of lockdown and reassess COVID-19’s impact on the beef sector, Rabobank’s latest quarterly beef forecast has revised down its global beef production outlook, and forecasts slowing demand in a declining economy. Source: Beef Central Global beef production outlook revised downwards

Why flour is still missing from supermarket shelves

Why are there flour shortages from Europe to the United States and Australia? The answer is both simple and complex. Source: Grain Central Why flour is still missing from supermarket shelves

Regulation, restrictions threaten development of ag chemicals

Agricultural chemical production is facing increasing public scrutiny and heightened regulation that are stifling the production of new and innovative herbicides and pesticides. Source: Grain Central Regulation, restrictions threaten development of ag chemicals

African swine fever vaccine a step closer

Scientists in the United Kingdom believe they’re a step closer to finding a vaccine for the deadly pig disease African swine fever. Source: ABC Livestock African swine fever vaccine a step closer

Changes to streamline National Vendor Declaration system

A suite of changes to the National Vendor Declaration are being released this year, providing an easier, more efficient and cost-effective system for producers and supply chain stakeholders to interact with Australia’s red meat integrity system. Source: Beef Central Changes to streamline National Vendor Declaration system

Sheep lice product concerns over proposed Elanco-Bayer deal

AUSTRALIA’S competition regulator is seeking market feedback on the sheep lice and pet worm control product implications of Elanco’s proposed acquisition of Bayer’s animal health business. Elanco has entered into… Source: Sheep Central Sheep lice product concerns over proposed Elanco-Bayer deal

XE Market Analysis: Asia – May 28, 2020

The Dollar fell for the third straight session, leaving the DXY at two-month lows of 98.37, down from 99.97 highs seen on Monday. An improving outlook for reopening the economy amid general risk-on conditions, has continued to see safe-haven USD positions unwind. Wall Street was higher, with Treasury yields a bit lower on the back… Read more »

WA farmers and RSPCA face off over live sheep export exemption

WESTERN Australian farmers and the RSPCA today faced off over a proposed export exemption for a shipment of sheep delayed by a COVID-19 outbreak on a vessel docked in Fremantle.… Source: Sheep Central WA farmers and RSPCA face off over live sheep export exemption

XE Market Analysis: North America – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue saw the Hang Seng and main Chinese stock indices decline. China’s parliament did the expected and ratified the Hong Kong security law, and… Read more »

XE Market Analysis: Europe – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue have seen the Hang Seng and main Chinese stock indices decline. The Nikkei 225 closed up 2.3% at its best level since February… Read more »

TFI takes 50pc stake in Victorian processor, Frew Group

South Australian-based meat processor Thomas Foods International has bought a 50pc stake in Victoria smallstock operator Frew Group. The two family-owned businesses said today they will join forces under a new corporate structure from 1 July, to grow national and global markets for high quality Australian meat. Source: Beef Central TFI takes 50pc stake… Read more »

Thomas Foods International buys 50pc stake in Frew Group

SOUTH Australian-based meat processor Thomas Foods International has bought a 50 percent stake in Victoria smallstock operator Frew Group. Source: Sheep Central Thomas Foods International buys 50pc stake in Frew Group

Honda joins Polaris and Yamaha in withdrawing from Australian quad market

Honda has become the latest manufacturer to announce it will withdraw from the Australian quad bike market on October 10 next year, claiming it can’t meet the new standards applied by the Australian Government. Source: Beef Central Honda joins Polaris and Yamaha in withdrawing from Australian quad market

Honda latest to withdraw from Australian quad market

Honda has become the latest manufacturer to announce it will withdraw from the Australian quad bike market on October 10 next year, claiming it can’t meet the new standards applied by the Australian Government. Source: Grain Central Honda latest to withdraw from Australian quad market

Dalby sale 28 May 2020: Export demand eases with processor absence

A Victorian export processor was present however one major exporter was absent from the buying panel. Feeder and restocker buyers continued to provide very strong competition across all classes of yearling steers and heifers. Source: Beef Central Dalby sale 28 May 2020: Export demand eases with processor absence

Processing plant closures expand around the world due to COVID-19

Cold, close-quarters working conditions have been blamed for COVID-19 clusters in meat processing establishments in a dozen countries around the world. Source: Beef Central Processing plant closures expand around the world due to COVID-19

Drought prompts $5.6 billion FMD drawdown to supplement cash flow

The national balance held in Farm Management Deposits (FMDs) was drawn down to $5.6 billion in March 2020, with a significantly higher rate of withdrawals in drought impacted states. Source: Grain Central Drought prompts .6 billion FMD drawdown to supplement cash flow

Seasonal climate outlook June-August 2020

Winter is likely to be wetter than average for most of Australia, according to the Bureau of Meteorology’s seasonal climate outlook released this morning. Source: Sheep Central Seasonal climate outlook June-August 2020

Seasonal climate outlook June-August 2020

Winter is likely to be wetter than average for most of Australia, according to the Bureau of Meteorology’s seasonal climate outlook released this morning. Source: Beef Central Seasonal climate outlook June-August 2020

Judgement Day: Federal Court set to rule on 2011 live cattle export ban

The Federal Court judgement in the class action led by the Brett Cattle Company against the Commonwealth and Senator Joe Ludwig stemming from the 2011 live export ban will be handed down by Justice Rares on Tuesday June 2, 2020. Source: Beef Central Judgement Day: Federal Court set to rule on 2011 live cattle… Read more »

Nation’s largest processing plant to skip a week, as cattle price pressure grows

JBS Australia will close its Dinmore beef processing facility in southern Queensland for a week, starting Monday, in reaction to the ‘disconnect’ between cattle prices and international meat market values. The nation’s largest beef plant, Dinmore processes around 1700 head per shift, accounting for around 15,300 head in a typical working week. Source: Beef… Read more »

XE Market Analysis: Asia – May 27, 2020

The DXY headed lower into the N.Y. open on Wednesday, weighed down by risk-on conditions, which took the bid out of the safe-haven Dollar. Buyers stepped back in after the open, as Wall Street turned mixed. There was little in the way of data, though the Richmond Fed index, while still in negative territory, perked… Read more »

XE Market Analysis: North America – May 27, 2020

The dollar dropped back as risk appetite picked up on news that Japan and the EU are moving closer to finalizing massive recovery funds, along with hopes for extra ECB stimulus. The narrow trade-weighted USD index has tumbled back under 99.00 and printed a 24-day low at 98.72. Source: XE news feed XE Market… Read more »

The lure of the life of a jackaroo

Remote cattle stations across the Northern Territory are finding it harder and harder to recruit young people. On Beetaloo Station, though, two young men have decided they’re in it for the long haul. Source: ABC Beef Cattle The lure of the life of a jackaroo

Weekly property review: Pre-auction sales – a bird in the hand?

In the past three months, around 100,000ha of prime grazing country in NSW and QLD worth more than $50m has been snapped up by buyers making offers prior to assets going to auction. Is it a short-term phenomenon during times of limited listings, or a long term trend? Is economic uncertainty surrounding COVID-19 a factor?… Read more »

XE Market Analysis: Europe – May 27, 2020

The dollar has picked up moderately amid a backdrop of geopolitical risk. While pro-democracy protests continued in Hong Kong’s central business district, reports came in that Beijing has expanded the scope of its Hong Kong security law to cover organisations as well as individuals. It will go before the Chinese parliament this week where it’s… Read more »

Cedar Meats to resume livestock processing tomorrow

WEST Melbourne sheep, goat and calf processor Cedar Meats will resume livestock processing tomorrow, about four weeks after it was closed due to a COVID-19 outbreak. Source: Sheep Central Cedar Meats to resume livestock processing tomorrow

Aussie dollar recovers from COVID-19 shock

The Aussie dollar is more or less recovered from COVID-19 impacts, which saw the currency plunge 15 percent to below US57c in March. Source: Beef Central Aussie dollar recovers from COVID-19 shock

Exemption option for WA sheep shipment delayed by COVID-19

A WESTERN Australian live sheep exporter could gain an exemption for an impending shipment despite an approaching Middle East moratorium deadline and an outbreak of COVID-19 on a vessel berthed in Fremantle. Source: Sheep Central Exemption option for WA sheep shipment delayed by COVID-19

WoolProducers seeks independence in WoolPoll process

PEAK wool grower WoolProducers Australia is pushing for greater independence in the WoolPoll process that decides the levy options growers currently vote on every three years. Source: Sheep Central WoolProducers seeks independence in WoolPoll process

EvokeAg agtech event pushed back to 2022

COVID-19 concerns have pushed back agriculture’s largest annual agtech event, EvokeAg, by 12 months. Originally scheduled to take place in Perth early next year, organisers have this week postponed the next event until February, 2021. Source: Beef Central EvokeAg agtech event pushed back to 2022

Roma store sale 27 May 2020: Southern demand adds to competition

Cattle were mostly drawn from the local supply area but included a fair number from Western & North Western Queensland in a yarding where steers and heifers were present in similar numbers. Source: Beef Central Roma store sale 27 May 2020: Southern demand adds to competition

Weekly rainfall wrap + rain outlook, 27 May 2020

A cold front produced moderate falls in western Tasmania, while onshore flow brought showers and moderate falls to the east coast of Queensland and New South Wales. Source: Beef Central Weekly rainfall wrap + rain outlook, 27 May 2020

Weekly rainfall wrap + rain outlook, 27 May 2020

A COLD front produced moderate falls in western Tasmania, while onshore flow brought showers and moderate falls to the east coast of Queensland and New South Wales. Source: Sheep Central Weekly rainfall wrap + rain outlook, 27 May 2020

Emails reveal warning of illness on live export ship with coronavirus outbreak

The WA Government is forced to back down after lashing the Commonwealth’s handling of a coronavirus outbreak on a live export ship, with the Federal Agriculture Minister hitting back. Source: ABC Livestock Emails reveal warning of illness on live export ship with coronavirus outbreak

Outbreak ship may carry live sheep into summer heat, despite welfare laws

Vessel delayed by COVID-19 outbreak could trigger an exemption to new live export animal welfare laws and send 56,000 live sheep to the Middle East in peak summer heat. Source: ABC Livestock Outbreak ship may carry live sheep into summer heat, despite welfare laws

Lupins unlocked for plant-based protein market using new technology

A food and farming company in WA’s Wheatbelt hopes new technology will allow it to transform a popular livestock feed into high-protein meat-alternative products for humans. Source: ABC Livestock Lupins unlocked for plant-based protein market using new technology

AgTechCentral/Agrihive webinar: Ag tax time tips with BDO

Tax time is fast approaching – and there are plenty of things for rural businesses to consider in their tax planning following a year of challenge and change. Source: Beef Central AgTechCentral/Agrihive webinar: Ag tax time tips with BDO

Satellites to manage wild buffalo herds from space

More than 1000 feral buffalo and unmanaged cattle roaming Northern Australia will be tagged and tracked as part of the world’s largest satellite herd-tracking program, announced today by Australia’s national science agency, CSIRO. Source: Beef Central Satellites to manage wild buffalo herds from space

XE Market Analysis: Asia – May 26, 2020

The Dollar fell broadly in N.Y. on Tuesday, taking the DXY to three-week lows of 98.96, down from overnight highs of 99.77. Unwinding of USD long safe-haven positions drove the the Greenback’s move lower, as a strong bout of risk-on set in. The re-opening of the economy, along with positive news on the coronavirus vaccine… Read more »

XE Market Analysis: North America – May 26, 2020

The dollar and yen have weakened against most other currencies as risk appetite came coursing back. The narrow trade-weighted USD index (DXY) dipped by over 0.3% in printing a five-day low at 99.60, correcting from yesterday’s eight-day high at 99.97. EUR-USD concurrently lifted to a five-day high at 1.0973. Sterling, which is continuing to correlate… Read more »

XE Market Analysis: Europe – May 26, 2020

The dollar and yen have weakened against most other currencies as risk appetite came coursing back. The narrow trade-weighted USD index (DXY) dipped by over 0.3% in printing a four-day low at 99.53, correcting from yesterday’s eight-day high at 99.97. EUR-USD concurrently lifted to a four-day high at 1.0930. Sterling, which is continuing to correlate… Read more »

Weekly kill: Some northern grids lift, while southern cow market in fire

Some processor grid offers in Queensland have risen this week, while southern Australian saleyards cow prices continue to fire on all cylinders. Flow of cattle into southern Queensland plants is looking tighter this week, and there are suggestions that at least one large export plant may skip days next week, as a result. Source:… Read more »

Cattle Council calls for biosecurity funding commitment

Cattle producers are calling for the Fedeeral Government to find a new and fair way to increase biosecurity funding after it shelved plans to introduce new onshore biosecurity levy on importers last week.  Source: Beef Central Cattle Council calls for biosecurity funding commitment

China’s barley tariff explained: diplomacy the way forward

Australia should use a diplomatic approach to defusing the bilateral tensions arising from China’s imposition of a tariff on Australian barley. Source: Grain Central China’s barley tariff explained: diplomacy the way forward

Atypical BSE found in Irish cow

Ireland has reported a rare case of Bovine Spongiform Encephalopathy (BSE), the first to be identified in the country since 2017. Source: Beef Central Atypical BSE found in Irish cow

Atypical BSE case detected in Irish cow

Atypical bovine spongiform encephalopathy (BSE) has been detected in a 14 year old Limousin cow in Ireland, the World Organisation for Animal Health (OIE) confirmed overnight. Source: Beef Central Atypical BSE case detected in Irish cow

NT proposes starting an 'army' to help fight the war on weeds

The Northern Territory Government has flagged the creation of a ‘gamba army’ to help stimulate the economy and protect the Top End from the invasive weed. Source: ABC Livestock NT proposes starting an ‘army’ to help fight the war on weeds

XE Market Analysis: North America – May 25, 2020

The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to… Read more »

XE Market Analysis: Europe – May 25, 2020

The dollar has remained buoyant amid narrow ranges in early-week trading so far. Conditions will be thin today with both UK and U.S. markets out for public holidays. Tensions between the U.S. and China continued to build over the weekend. Amid the developments, the U.S. will be adding anther 33 Chinese companies and institutions to… Read more »

Livestock producers miss out on bushfire funding

The NSW Farmers Association demands explanation of decision to leave livestock producers out of $140 million bushfire aid program. Source: ABC Livestock Livestock producers miss out on bushfire funding

Wool market contraction hits online clearance rates

AUSTRALIA’S wool market contraction also hit online offerings last week, cutting bale clearance rates. Source: Sheep Central Wool market contraction hits online clearance rates

Prime new location for Ekka beef competition 

Entries are now open for the Royal Queensland Show’s (Ekka) Prime Beef Competition, which will take place in a new location this year following the cancellation of the 2020 Ekka. Source: Beef Central Prime new location for Ekka beef competition 

Aussie beef set to sizzle on MasterChef TV show

Beef will play a starring role on the nation’s favourite cooking show, MasterChef Australia, following MLA’s signing of a new sponsorship deal with Network 10. Source: Beef Central Aussie beef set to sizzle on MasterChef TV show

Forward wool markets hold their ground

FORWARD wool markets held their ground despite another difficult week for the wool market and commodities in general. Source: Sheep Central Forward wool markets hold their ground

High scanning rate justifies record $446 first cross ewe price

UNPARALLELED demand for scanned in-lamb ewe replacements drove prices to a new record of $446 for first cross ewes on AuctionsPlus last week. Source: Sheep Central High scanning rate justifies record 6 first cross ewe price

Landline: Keeping local community news alive during COVID-19

ABC Landline aired an interesting segment on Sunday, showcasing how small communities are keeping local news alive, during COVID-19 closures. Source: Beef Central Landline: Keeping local community news alive during COVID-19

Inland Rail route over Condamine floodplain under review

Landholder concerns tied to flooding have prompted the Federal Government to review the proposed Inland Rail route between Yelarbon and Toowoomba in southern Queensland. Source: Grain Central Inland Rail route over Condamine floodplain under review

Recruitment: Remuneration – a challenge to future ag industry growth?

An annual survey conducted by recruitment specialists, Agricultural Appointments found average salary growth in the agricultural industry improved over the 20 years between 1995 and 2015. Source: Grain Central Recruitment: Remuneration – a challenge to future ag industry growth?

Asymmetrical warfare approach needed for wool – Olsson

AUSTRALIAN Wool Innovation’s wool marketing model of funding directors and senior management to jet to European fashion parades at growers’ expense has failed, argues former director Chick Olsson. Source: Sheep Central Asymmetrical warfare approach needed for wool – Olsson

Cedar Meats COVID-19 cases pause as managers back tracing app

MANAGERS at west Melbourne meatworks Cedar Meats have downloaded Australia’s COVIDSafe app as the company battles to recover from its seven week-long coronavirus outbreak. Source: Sheep Central Cedar Meats COVID-19 cases pause as managers back tracing app

China and Australia — who really holds the power?

Once the major driving force behind Australian prosperity, China is now using trade as a retaliatory weapon. But Beijing needs us as much as we need them, at least for the next few years, writes Ian Verrender. Source: ABC Livestock China and Australia — who really holds the power?

Steer prices trend higher in 19,186 head AuctionsPlus offering

Young steer prices trended higher in another large commercial cattle offering of 19,186 head on AuctionsPlus this week. Cow and calf and PTIC cow prices softened but clearance rates firmed, hitting 92pc for both. Source: Beef Central Steer prices trend higher in 19,186 head AuctionsPlus offering

Uncertain times for beef exports but domestic demand surges

The beef industry is experiencing international export bans, increased freight costs and graziers are seeing a significant drop in demand from the overseas market, but there is a silver lining to the crisis. Source: ABC Livestock Uncertain times for beef exports but domestic demand surges

Letter to the editor: Ashley McKay on MLA Strategic Plan 2020

In this letter to the editor Queensland cattle producer and former Cattlemen’s Union of Australia board member Ashley McKay OAM has raised range of issues in response to Meat & Livestock Australia’s new five year strategic plan released last week. Beef Central has flagged the issues raised with MLA managing director Jason Strong who has… Read more »