Month: December 2020

XE Market Analysis: North America – Dec 31, 2020

The DXY dollar index has posted another major-trend low, at 89.52, a level last traded in April 2018. The dollar has continued to correlate inversely with global stock market direction, with weakness today being concomitant with the MSCI Asia Pacific rising to a new record high in holiday-thinned conditions. The DJIA yesterday closed at a… Read more »

Towns watch rainfall records tumble as deluge brings joy to drought-scarred farmers

Heavy rainfall around the towns of Gunnedah and Tamworth is swelling rivers and waterfalls and delighting farmers celebrating an “unbelievable” end to a drought many of them thought would never be over. Source: ABC Grain Towns watch rainfall records tumble as deluge brings joy to drought-scarred farmers

XE Market Analysis: Asia – Dec 30, 2020

The Dollar was lower in N.Y. on Wednesday, seeing the DXY hit new 33-month lows of 89.56 early in the session, down from 90.02 after the close on Tuesday. The greenback later recovered modestly in light afternoon trade. Prospects for further fiscal stimulus weighed on the USD, while softer incoming data didn’t help either. The… Read more »

XE Market Analysis: North America – Dec 30, 2020

The DXY dollar index posted a new 32-month low at 89.68, while EUR-USD concurrently printed a 32-month high at 1.2295. USD-JPY saw a nine-day low, at 103.12. The pair’s near-10-month low, seen on December 17th, is at 102.88. The Australian and New Zealand dollars posted respective 30- and 32-month highs against their U.S. peer. AUD-JPY… Read more »

XE Market Analysis: Asia – Dec 29, 2020

The Dollar was lower in N.Y. on Tuesday, weighed down by the signing of the stimulus bill, and prospects for direct payments to individuals to rise to $2,000 from $600. The U.S. House voted to increase the amount of payments, while the Senate is expected to vote on the measure at some point on Tuesday… Read more »

724km extension for wild-dog fence to almost double its length

It is hoped a multi-million-dollar extension to a predator-proof fence will help regional New South Wales recover from the trifecta of drought, bushfires and COVID-19. Source: ABC Livestock 724km extension for wild-dog fence to almost double its length

XE Market Analysis: Asia – Dec 28, 2020

FX trade was thin in N.Y. on Monday, as London and parts of the continent remained on Christmas break. Price action was choppy, though the USD overall ended mostly higher. The only data release was the December Dallas Fed index, which was lower than expected, but ultimately had little market impact. The last week of… Read more »

Vet shortage putting pressure on clinics and pets at risk

Vets in regional and rural areas are struggling to keep up with demand, as more people take up companion animals in the COVID-19 pandemic.  Source: ABC Livestock Vet shortage putting pressure on clinics and pets at risk

XE Market Analysis: Asia – Dec 23, 2020

The Dollar fell through the morning session in N.Y. on Wednesday, which saw the DXY fall from 90.58 highs early in the session to 90.16 after the last of the heavy data slate was released. Friday’s U.S. reports were disappointing overall, and the mix of weaker income, consumption and home sales weighed on the USD…. Read more »

XE Market Analysis: North America – Dec 23, 2020

The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday’s low in the case against the dollar. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions… Read more »

XE Market Analysis: Europe – Dec 23, 2020

The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday’s low in the case against the dollar. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions… Read more »

Horse owner again convicted of animal cruelty

A woman is convicted in the Bega Local Court on four counts of animal cruelty to horses on properties on the New South Wales far south coast. Source: ABC Livestock Horse owner again convicted of animal cruelty

XE Market Analysis: Asia – Dec 22, 2020

The Dollar moved broadly higher in N.Y. on Tuesday, taking the DXY from 90.04 lows at the open to 90.70 in late morning. The risk backdrop remained a bit soggy, as threats of further Covid lockdowns kept Wall Street capped, despite the passing the the $900 bln U.S. aid package. This supported the USD, as… Read more »

XE Market Analysis: North America – Dec 22, 2020

The dollar has traded moderately firmer, and the pound has drifted lower, though the U.S. currency has remained comfortably above its Monday lows while the UK currency has remained well off the lows it saw yesterday. News that the EU has rejected the UK’s latest offer on fishing (which was a 35% reduction in the… Read more »

XE Market Analysis: Europe – Dec 22, 2020

The dollar has traded moderately firmer, though has remained off highs seen during yesterday’s whippy price action. The combo of market-jolting news and thin year-end markets exacerbated the strong up-then-down price action that the dollar experienced yesterday, with the currency having now settled at moderately firmer levels. The dollar bloc and other cyclical currencies have… Read more »

NSW green-lights coal mine despite protests from renowned horse breeders

The proposal is highly contentious among the Upper Hunter community, including intense opposition from horse breeders who believe it will threaten the viability of world-famous stud farms nearby. Source: ABC Livestock NSW green-lights coal mine despite protests from renowned horse breeders

Single Kembla line to reopen after grain train derailment

One of two rail paths on the Moss Vale-Unanderra line near Dombarton will reopen from this evening in the first move to restore train services to and from Port Kembla. Source: Grain Central Single Kembla line to reopen after grain train derailment

Vet expects dog deaths 'in the thousands' due to exotic tick-borne disease

Nearly 1,000 dogs may have already died from an exotic tick-borne disease that is rapidly spreading through remote Indigenous communities, according to a Top End vet. Source: ABC Livestock Vet expects dog deaths ‘in the thousands’ due to exotic tick-borne disease

XE Market Analysis: Asia – Dec 21, 2020

The DXY rallied to seven-session highs of 91.01 overnight, with safe-haven buying supporting the Dollar following reports of a new, more transmissible strain of Covid in the U.K., which prompted widespread lockdowns there, and a rush to less risky assets. Wall Street opened sharply lower, though later cut its losses, as reports circulated the new… Read more »

XE Market Analysis: North America – Dec 21, 2020

A sharp decline in the pound and a correction in the reflation trade, which has seen the dollar and yen rebound while cyclical currencies, including the dollar bloc, underperform, have characterized and unusually active Monday session, especially one that comes at the beginning of Christmas week. The pound has been negatively impacted by the EU… Read more »

XE Market Analysis: Europe – Dec 21, 2020

A sharp decline in the pound and a correction in the reflation trade, which has seen the dollar and yen rebound while cyclical currencies, including the dollar bloc, underperform, have characterized and unusually active Monday session, especially one that comes at the beginning of Christmas week. The pound has been negatively impacted by the EU… Read more »

WA on track for 16.5Mt winter crop

WA harvest is on track to produce close to 16.5 million tonnes a figure that most thought was unachievable following the very dry finishing conditions. Source: Grain Central WA on track for 16.5Mt winter crop

GPA urges cautious approach to China barley tariff dispute

Grain Producers Australia says Australia’s WTO dispute with China over barley tariffs won’t be a quick fix that will restore trade overnight but will be a process that may take a number of years. Source: Grain Central GPA urges cautious approach to China barley tariff dispute

XE Market Analysis: Asia – Dec 18, 2020

The Dollar ended the week on a firmer footing, after having a pretty tough week overall. The DXY bounced from 89.83 seen at the open, to a high of 90.13 in late morning. USD short covering was the likely driver of the move, as positions were pared into the weekend, and the Christmas shortened week… Read more »

XE Market Analysis: North America – Dec 18, 2020

The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. News that the U.S. is blacklisting more Chinese companies has been… Read more »

XE Market Analysis: Europe – Dec 18, 2020

The dollar has found its feet, concomitantly with global equity markets coming off the boil. Some market narratives have pinned this on news that Pfizer will under-deliver vaccine doses to the U.S. next week, though the Moderna vaccine will reportedly win FDA approval today. News that the U.S. is blacklisting more Chinese companies has been… Read more »

Merry Christmas and happy New Year from Sheep Central

THE Sheep Central, Grain Central and Beef Central teams will be taking a short publishing break over the Christmas/New Year period. Source: Sheep Central Merry Christmas and happy New Year from Sheep Central

Wool growers offer some certainty on forward market

WOOL growers took advantage of the early December spot market rally by offering exporters some New Year certainty on the forward market this week. Source: Sheep Central Wool growers offer some certainty on forward market

Recruitment: Three hints to help embed your new recruit

YOU’VE selected the most suited and ‘cream-of-the-crop’ new employee and you’re getting ready to welcome him or her to your team. Getting the final steps right is crucial to ensuring your new recruit flourishes in their role. Source: Sheep Central Recruitment: Three hints to help embed your new recruit

Australian wool prices fall in last sale of the year

WOOL prices fell for a larger offering in a less-favourable currency exchange environment in Australia this week. Source: Sheep Central Australian wool prices fall in last sale of the year

Australian wool production stabilising, but recovery to be slow

AUSTRALIA’S wool production is stabilising, but low sheep numbers will continue to hamper recovery, according to the latest industry forecast. Source: Sheep Central Australian wool production stabilising, but recovery to be slow

Guardian dogs are on duty for sheep and bandicoots

LIVESTOCK guardian dogs traditionally used to protect sheep and goats are the latest weapon in a unique project to protect endangered Eastern Barred Bandicoots on a western Victoria farm. Source: Sheep Central Guardian dogs are on duty for sheep and bandicoots

Sheep survey shows strong move to restock ewe flocks

SHEEP producers are retaining the ewe portions of prime lamb drafts as replacement breeders or to supply keen restockers, as ewe prices remain high. Source: Sheep Central Sheep survey shows strong move to restock ewe flocks

Merry Christmas and Happy New Year from the Beef Central team

THE Beef Central, Sheep Central and Grain Central teams will be taking a short publishing break, and we take this opportunity to wish all of our valued readers and advertisers a safe, happy and relaxing Christmas/New Year period. Source: Beef Central Merry Christmas and Happy New Year from the Beef Central team

Processing: ACC’s new business model adapts to changing times

Changing circumstances are seeing Australian Country Choice transition into a much more diverse, multi-stream vertically integrated processing/supply chain business model. Source: Beef Central Processing: ACC’s new business model adapts to changing times

SunRice posts $12.1 million half-year profit

The SunRice Group generated revenue of $507 million for the half-year to October 31,and net profit after tax of $12.1 million. Source: Grain Central SunRice posts .1 million half-year profit

Just add water and rice is back in business for the Riverina

Australia’s rice bowl — the Riverina in southern New South Wales — is expecting to ramp up its production tenfold this season, after generous rainfall helps lift dam levels and boost water allocations. Source: ABC Grain Just add water and rice is back in business for the Riverina

Feedgrain Focus: Market firms as trade covers

Short covering in the barley and southern wheat markets has supported prices this week, while on logistics, export pace has hit its straps despite two rail derailments. Source: Beef Central Feedgrain Focus: Market firms as trade covers

XE Market Analysis: Asia – Dec 17, 2020

The Dollar fell to new trend lows on Thursday in N.Y., taking the DXY to 89.76, the first time under the 90.00 mark since April of 2018. Prospects for another fiscal stimulus package, along with a “lower for longer” Fed, and negative real U.S. interest rates will likely continue to result in further USD losses… Read more »

Recruitment: Three hints to help effectively embed your new recruit

You’ve selected the most suited and ‘cream-of-the-crop’ new employee and you’re getting ready to welcome him or her to your team. While this might be the most satisfying part of the recruitment process in any agri-business, it’s certainly not the easiest. Getting the final steps right is crucial to ensuring your new recruit flourishes in… Read more »

XE Market Analysis: North America – Dec 17, 2020

The dollar posted fresh trend lows as the ‘2021 reflation trade’ ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures, while Europe’s Stoxx 600 posted a nine-month high. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent… Read more »

XE Market Analysis: Europe – Dec 17, 2020

The dollar posted fresh trend lows as the ‘2021 reflation trade’ ensued. The MSCI Asia-Pacific index hit a new record high, as did S&P 500 futures. Commodities gained, with Brent oil prices posting new nine-month highs above $51.00, while base metals rallied, although prices remained off recent trend highs. Against this backdrop, the DXY dollar… Read more »

Weekly Property Review: What lies ahead for grazing land sales in 2021?

The rural property transaction space saw an increasing number of Australian farming families looking to expand in 2020. Many foreign-owned properties were returned to locals and cheap money and a scarcity of properties put upward pressure on land values. In our final weekly property review for the year, stakeholders reflect on the year that was… Read more »

Last animals rescued from Pakistan zoo after it was ordered to close

Just weeks after the “world’s loneliest elephant” was rescued from a life of misery in Islamabad Zoo, two Himalayan brown bears have been flown to their new home. Source: ABC Livestock Last animals rescued from Pakistan zoo after it was ordered to close

Movement at the station: Recently completed property sales

North QLD breeder country sells after several years | Gulf country purchased for a reported $23m | Around $19m for South Australia’s Calgara Station | Investors pay $10m for Victoria’s Kaloomah | Picturesque Flinders Ranges station settles | Record price for northern NSW cattle country | Historic Riverina property makes $9m+ | Picturesque red gum… Read more »

Million-dollar planet prize for CSIRO FutureFeed seaweed innovation

FutureFeed, a livestock feed made from seaweed that reduces methane emissions in beef and dairy cattle by more than 80 per cent has been awarded the world’s largest monetary reward on the global food arena. Source: Beef Central Million-dollar planet prize for CSIRO FutureFeed seaweed innovation

Dalby sale 17 Dec 2020: Market closes 2020 on strong note

Included in the lineup for the final sale of the year were 1100 head from five vendors across western districts. Source: Beef Central Dalby sale 17 Dec 2020: Market closes 2020 on strong note

Sacred Cow movie: Film maker talks to Aus cattle industry

The independent dietician and food author behind the Sacred Cow film offers her thoughts in an Australian webinar on where the red meat industry should be focusing its public messaging efforts, while it is revealed her own work may be under threat of not being able to continue due to lack of funding support. … Read more »

GrainCorp’s upgraded Berrybank storage heads for receival record

GrainCorp’s bunker storage site at Berrybank in Victoria, which has undergone a $3.5 million expansion that increased capacity from 70,000 tonnes to 130,000t, is in full flight taking in this year’s bumper winter crop. Source: Grain Central GrainCorp’s upgraded Berrybank storage heads for receival record

Beef 2021 carcase competition up and running – but still plenty of time for entries

Judging is now well underway for the Beef 2021 ANZ National Beef Carcase Competition, which will come to a climax at next May’s triennial beef expo in Rockhampton. By the end of December, about 450 carcases will have been judged at processing plants across Queensland, NSW, South Australia, Tasmania and Western Australia, since assessments started… Read more »

XE Market Analysis: Asia – Dec 16, 2020

FX trade was quiet ahead of the FOMC in N.Y. on Wednesday, with the USD moving slightly higher through the morning session. The Dollar headed to session highs following the FOMC announcement, which saw no change in interest rates, as widely expected, though made no changes to its asset purchase program. The Fed did not… Read more »

XE Market Analysis: North America – Dec 16, 2020

The dollar has seen a renewed decline, which has come amid a backdrop of risk-on positioning in global markets with investors not waiting to participate in the ‘2021 reflation trade’. The DXY dollar index dropped to a new 32-month low at 90.13. EUR-USD concurrently rallied above 1.2200 for the first time since April 2018. USD-JPY,… Read more »

XE Market Analysis: Europe – Dec 16, 2020

The DXY dollar index has remained heavy, testing the 32-month low at 90.43. EUR-USD has concurrently been holding firm, though has remained off its 32-month highs at 1.2177-78. USD-JPY, now amid its fourth down day out of the last five, has ebbed to a five-week low at 103.42. As we have noted before, real interest… Read more »

UNE researchers find virtual fencing is less stressful for sheep

VIRTUAL fencing of sheep using audio signals and electric pulses to train the animals to respect a boundary is far less stressful than other standard farming practices, University of New England researchers have found. Source: Sheep Central UNE researchers find virtual fencing is less stressful for sheep

TFI breaks ground on new Murray Bridge sheep-beef plant

THE first sods have been turned on Thomas Foods International’s new multi-species plant at Murray Bridge that aims to process up to 15,000 sheep and lambs, and 1200 head of beef, daily. Source: Sheep Central TFI breaks ground on new Murray Bridge sheep-beef plant

Kembla derailment forces rerouting to meet export call

Grain handlers and exporters are in meetings with rail-industry stakeholders to ensure vessels booked to load at Port Kembla’s two terminals in coming weeks can access all the grain they need. Source: Grain Central Kembla derailment forces rerouting to meet export call

Wild dogs affecting cattle industry throughout Queensland

Recent sightings of packs of wild dogs along the central Queensland coast has highlighted the threat of attack to livestock remains a very real concern for cattle producers in Queensland. Source: Beef Central Wild dogs affecting cattle industry throughout Queensland

Australia to take China to WTO over barley tariff

Australian trade minister, Simon Birmingham, has announced that Australia will tonight refer China to the World Trade Organisation (WTO) over its imposition of an 80.5 per cent tax on Australian barley imports in May. Source: Grain Central Australia to take China to WTO over barley tariff

ABS, ABARES deliver new Australian farm database

A new secure database of Australian farms has been constructed as part of a multi-year collaboration between the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) and the Australian Bureau of Statistics (ABS). Source: Beef Central ABS, ABARES deliver new Australian farm database

Wool 2030 plan needs commitment and support

A TEN-YEAR Merino-focussed strategic plan for Australia’s wool industry has been released, with aims to increase the size and value of the nation’s flock. Source: Sheep Central Wool 2030 plan needs commitment and support

Roma store 15 Dec 2020: Far west cattle flow in for final sale of year

With most processors close to finished for the year, competition on prime cattle was restricted, but light weight yearling steers and heifers continued the improvement of recent sales to register 18c to 33c/kg increases. Source: Beef Central Roma store 15 Dec 2020: Far west cattle flow in for final sale of year

Weekly rainfall wrap + rain outlook, 16 December 2020

TROPICAL lows brought widespread moderate to heavy falls across north-west and interior Western Australia, with heavy falls in south-east Queensland and north-eastern New South Wales associated with a coastal trough and low pressure system. Source: Sheep Central Weekly rainfall wrap + rain outlook, 16 December 2020

Weekly rainfall wrap + rain outlook, 16 Dec 2020

Tropical lows brought widespread moderate to heavy falls across north-west and interior Western Australia, with heavy falls in south-east Queensland and north-eastern New South Wales associated with a coastal trough and low pressure system. Source: Beef Central Weekly rainfall wrap + rain outlook, 16 Dec 2020

Victorian sheep farmer admits guilt on animal cruelty charges

A VICTORIAN sheep farmer has escaped jail by pleading guilty to four charges of animal cruelty in the Bendigo Magistrates Court. Source: Sheep Central Victorian sheep farmer admits guilt on animal cruelty charges

Unis must prepare students for the future of agriculture

Agriculture today is fast-paced, global, diverse, reliant on high-end scientific discovery and increasingly responsive to consumers’ concerns about provenance, ethics and health. Despite all this, agriculture still fails to grip the imagination of many of our brightest students. Source: Beef Central Unis must prepare students for the future of agriculture

TFI starts construction at its new Murray Bridge processing site

An official ground-breaking ceremony was held this morning on the site of the new Thomas Foods International processing plant site near Murray Bridge in South Australia’s east. Source: Beef Central TFI starts construction at its new Murray Bridge processing site

Mobile trailer keeps big rams and shearers safe

A shearer specialising in large rams says he can barely keep up with demand for his futuristic mobile trailer. Source: ABC Livestock Mobile trailer keeps big rams and shearers safe

XE Market Analysis: Asia – Dec 15, 2020

The Dollar edged lower in N.Y. trade on Tuesday, seeing the DXY match the 32-month low of 90.42 printed on Monday. FX trade was quiet overall, and activity will likely continue to shrink into the end of the year. Risk-on conditions weighed on the safe-haven USD, as equities rallied on renewed hopes for a fiscal… Read more »

XE Market Analysis: North America – Dec 15, 2020

Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn’t have much impact. Commodities have also been lacking direction… Read more »

XE Market Analysis: Europe – Dec 15, 2020

Narrow ranges have been prevailing among the main dollar pairings and associated cross rates. This has been seen against a backdrop of sputtering global stock markets. Data showing Chinese industrial production rising 7.0% y/y in November, a 20-month high, along with a rise retail sales, didn’t have much impact. Commodities have also been lacking direction… Read more »

Surveys measure impact of buffalo meat in Indonesian wet markets

It is now estimated that around 75 percent of Indian Buffalo Meat in Indonesia is now sold through wet markets, competing directly with fresh beef from locally processed Australian and local cattle. A new survey is now underway to learn more about what drives consumer meat purchasing decisions in Indonesia’s wet markets. Source: Beef… Read more »

ABARES explores potential of greater agriculture value-adding in Australia

An ABARES Insights article released today explores whether Australia is missing out on domestic value creation opportunities because of the focus on trade in raw and minimally processed agricultural products. Source: Beef Central ABARES explores potential of greater agriculture value-adding in Australia

Wagga sale 15 Dec: Market winds down on easing note

Prices for all types of cattle have started the week cheaper at Wagga as processors move closer to the Christmas holiday break. Source: Beef Central Wagga sale 15 Dec: Market winds down on easing note

Weekly kill: Processing year ends on softer note

Buffeted by a series of unexpected and often unique events, the 2020 slaughter cattle season largely draws to a close on Friday. Many large export beef plants across eastern Australia draw a line under their 2020 operations on Friday, with significant losses recorded on many slaughter cattle during the back half of the year.   … Read more »

Tag retention: NLIS tag losses still frustrating producers

Cattle producers are reporting high ongoing rates of National Livestock Identification System (NLIS) tag losses, almost 14 years after it became compulsory in Australia for all cattle to have an NLIS device at the time of sale for traceability purposes. Source: Beef Central Tag retention: NLIS tag losses still frustrating producers

CBH posts $11M profit despite challenging year

CBH Group has posted a net profit after tax of $11 million, with a strong marketing and trading result offsetting an operations loss due in part to a below-average crop for Western Australia in 2019-20. Source: Grain Central CBH posts M profit despite challenging year

Qube train derailed en route from Temora to Port Kembla

A Qube train carrying wheat from Temora to Port Kembla in NSW derailed this morning in an incident which has temporarily closed the Moss Vale to Unanderra freight line. Source: Grain Central Qube train derailed en route from Temora to Port Kembla

Cow collars and virtual fencing trialled by farmers to help protect Barrier Reef

You might be more accustomed to seeing collars on cats and dogs, but collars for cows are the latest technology some farmers are trialling to reduce the impact on the Great Barrier Reef. Source: ABC Livestock Cow collars and virtual fencing trialled by farmers to help protect Barrier Reef

XE Market Analysis: Asia – Dec 14, 2020

The Dollar headed lower overnight, leaving the DXY at near a 33 month base of 90.43 early in N.Y. on Monday. The initial rollout of Covid vaccines in the U.S. appeared to have given the USD a brief boost, taking the Dollar index to 90.84 highs. FX trade slowed considerably by late morning, leaving major… Read more »

XE Market Analysis: North America – Dec 14, 2020

The pound has rallied by over 1.5% against the dollar, and by over 1% in the cases against the euro and yen. This comes with the EU and UK announcing agreeing to extend trade negotiations. Leaders had last week set yesterday as being the make or break moment. Neither side was willing to walk away,… Read more »

XE Market Analysis: Europe – Dec 14, 2020

The pound has rallied by over 1% against the dollar and yen, and by nearly 1% against the euro. This comes with the EU and UK announcing agreeing to extend trade negotiations. Leaders had last week set yesterday as being the make or break moment. Neither side was willing to walk away, and evidently both… Read more »

Flat export demand plus currency movement putting pressure on domestic beef market

While the domestic market during the past nine months of COVID uncertainty has easily been the Australian beef industry’s most reliable market, flat international trading conditions at present and a rising currency value is seeing more surplus export product being pushed back into the local trade. Source: Beef Central Flat export demand plus currency… Read more »