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GrainsMost young cattle values softened a little in AuctionsPlus trading this week, as numbers offered to 16,886 head – the largest offering of the year so far, up 4500 head on the previous week. Source: Beef Central Softer price trend in larger 16,886 head AuctionsPlus offering
Month: January 2021
When it comes to weed control, the Kimberley's cutest farmhands aren't kidding around
The Kimberley’s biggest flock of goats and lambs have been very busy keeping multi-million dollar Indian sandalwood plantations free of invasive weeds in WA’s Ord Valley. Source: ABC Livestock When it comes to weed control, the Kimberley’s cutest farmhands aren’t kidding around
Stanthorpe bucks ag show cancellation trend with 'standard setting' event
The Queensland town’s show attracted record entries this year as organisers did their best to “keep it simple” and safe. For workers who’d been off the road for almost a year, it was an emotional return. Source: ABC Livestock Stanthorpe bucks ag show cancellation trend with ‘standard setting’ event
Beef 2021’s Pitch in the Paddock agtech showcase closing soon
Developers of innovative new products and technologies that benefit the beef industry have only days left to apply to take part in the Pitch in the Paddock agtech event taking place at Beef 2021 in Rockhampton in May. Source: Beef Central Beef 2021’s Pitch in the Paddock agtech showcase closing soon
XE Market Analysis: Asia – Jan 29, 2021
The Dollar overall headed lower on Friday, with the bulk of losses coming in the London morning session. Heavy risk-off conditions returned, with the usual suspects driving equities lower. The uncertainties over vaccines, the Covid outlook, new variants of the virus, along with equity market disruptions caused by the arrival of “casino” stocks, all weighed… Read more »
Aus cattle company makes global carbon credit sale to Microsoft
In a ground-breaking move for the Australian livestock industry, a New England cattle business has sealed a significant sale of carbon credits to one of the world’s leading technology companies. Source: Beef Central Aus cattle company makes global carbon credit sale to Microsoft
XE Market Analysis: North America – Jan 29, 2021
Directional themes among currencies have been somewhat convoluted so far today, fitting a backdrop of whippy global asset markets. The yen underperformed markedly. USD-JPY rallied to a two-month-plus high at 104.95, while GBP-JPY lift to an 11-month high, EUR-JPY a three-week peak, and AUD-JPY a two-day high. This price action is a break in correlation… Read more »
XE Market Analysis: Europe – Jan 29, 2021
The dollar majors have mostly been holding within their respective Thursday ranges amid a backdrop of whippy global asset markets, which have once again turned to a risk-off positioning mode. The exception has been USD-JPY, which floated to a seven-week high at 104.57 on the back of yen weakness, which saw GBP-JPY lift to an… Read more »
End of an era for iconic ice-cream as Weis parent company deserts home town
The last Weis ice-cream bars have rolled off the production line at the brand’s original factory in Toowoomba, in what’s being called a sad day by the city’s mayor. Source: ABC Livestock End of an era for iconic ice-cream as Weis parent company deserts home town
Abattoir workers prioritised for COVID-19 vaccine
The Australian Meat Industry Council says all abattoir workers need to be vaccinated against the virus for it to be effective. Source: ABC Livestock Abattoir workers prioritised for COVID-19 vaccine
Agtech: Platform allows in-paddock stock weighing and monitoring
A remote cattle weighing system that enables in-paddock weighing and remote monitoring of livestock is allowing producers to monitor animal and paddock performance, reduce the expense of mustering and yard weighing and optimise exit weights to meet market specifications. Source: Beef Central Agtech: Platform allows in-paddock stock weighing and monitoring
Grants up to $500,000 available in Coles Nurture Fund
SUPERMARKET Coles has opened a new round of its Coles Nurture Fund to provide grants of up to $500,000 for small and medium sized businesses to develop new products, technologies and processes. Source: Sheep Central Grants up to 0,000 available in Coles Nurture Fund
Forward wool market trading lifts with auction movement
FORWARD wool trading increased this week as the spot auction market improved strongly against a backdrop of lower commodity prices and increased risk perception. Source: Sheep Central Forward wool market trading lifts with auction movement
Wool prices lift sharply, but dip in later Fremantle sales
WOOL prices lifted sharply in eastern states auction rooms this week, although values softened on the last day of selling in Western Australia after a fall in the Australian-US dollar exchange rate. Source: Sheep Central Wool prices lift sharply, but dip in later Fremantle sales
Seasonal climate outlook February-April 2021
FEBRUARY to April is likely to be a wetter than average period across much of mainland Australia, with the strongest chances of above average rainfall likely in northern Queensland. Source: Sheep Central Seasonal climate outlook February-April 2021
Lamb and mutton prices lift with reduced supply and rain
LAMB prices in all categories and mutton values finished higher in saleyards this week as quality supplies were limited by the Australia Day holiday, smaller offerings in major centres and the prospect of rain on the east coast. Source: Sheep Central Lamb and mutton prices lift with reduced supply and rain
Feedgrain Focus: Wheat soft, barley firm as exports dominate
Buoyant demand for bulk barley and containerised sorghum has domestic buyers of both grains sitting out of the market until prices soften, while wheat is trading sideways with limited liquidity. Source: Beef Central Feedgrain Focus: Wheat soft, barley firm as exports dominate
Registrations open for 2021 NT Cattlemens’ Association conference in Alice Springs
Registrations are now open for the 36th Northern Territory Cattlemen’s Association (NTCA) industry conference and annual general meeting to be held in Alice Springs on March 25 to 27. Source: Beef Central Registrations open for 2021 NT Cattlemens’ Association conference in Alice Springs
Dairy plant cuts jobs at Toora
Powdered milk manufacturer Viplus Dairy lays off 31 staff at its Toora factory. Source: ABC Livestock Dairy plant cuts jobs at Toora
New thinking holds key to future farm profitability
Farmers of the future will have to find clever ways to remain profitable under increasing pressure from rising land values and external forces, according to Liverpool Plains farmer David Brownhill. Source: Grain Central New thinking holds key to future farm profitability
Seasonal climate outlook Feb-Apr 2021
February to April is likely to be wetter than average across much of the mainland, with strongest chances of above average rainfall in northern Queensland. Source: Beef Central Seasonal climate outlook Feb-Apr 2021
Australian agriculture looks to profitable year ahead: Rabobank
Australia’s agricultural sector is set to enjoy an overall profitable year ahead – underpinned by high commodity prices, positive seasonal conditions and low interest rates, according to Rabobank. Source: Grain Central Australian agriculture looks to profitable year ahead: Rabobank
Live export industry features in Golden Guitar award-winning song Six Decks to Darwin
A country music legend and a truck driver find themselves with their first Golden Guitar award for their part in a song dedicated to Australia’s live export industry. Source: ABC Livestock Live export industry features in Golden Guitar award-winning song Six Decks to Darwin
XE Market Analysis: Asia – Jan 28, 2021
The abrupt flip to risk-on on Thursday from risk-off on Wednesday saw the USD reverse some of the gains posted yesterday. The DXY eased back to 90.42 from overnight highs of 90.86 through the morning session. Incoming U.S. data was supportive of risk taking levels, with Q4 GDP rising close to expectations, and jobless claims… Read more »
XE Market Analysis: North America – Jan 28, 2021
The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday’s 10-day high at 90.88. The six-week high seen on January… Read more »
Weekly genetics review: A confident outlook for the autumn bull season
Genetics editor Alastair Rayner returns tonight to file his weekly genetics reviews through the autumn bull selling season. Here is his take on sale prospects for the next three or four months. Source: Beef Central Weekly genetics review: A confident outlook for the autumn bull season
XE Market Analysis: Europe – Jan 28, 2021
The dollar has remained buoyant amid a backdrop of tumbling stock markets and commodities, with what had been a risk-wary sentiment giving way to a more decidedly risk-off sentiment. The DXY dollar index has seen a narrow range so far today, holding just of yesterday’s 10-day high at 90.88. The six-week high seen on January… Read more »
Genomic selection driving fertility in northern breeding herds
Improved fertility within northern beef herds is on the horizon, with more research taking place to improve the accuracy of Estimated Breeding Values for female reproductive traits. The project is developing information and tools for northern producers to confidently select genetically highly fertile stock, to ultimately increase calving rates. Source: Beef Central Genomic selection… Read more »
'Foul play' suspected in poisoning deaths of eight wedge-tailed eagles
Authorities believe the eagles, a protected native species, were deliberately targeted with pesticides and are seeking public help to find the culprits. Source: ABC Livestock ‘Foul play’ suspected in poisoning deaths of eight wedge-tailed eagles
Crunching some numbers on yesterday’s historic $104m Wave Hill/Cattle Creek sale
Over 29 years of ownership, was the revered Wave Hill/Cattle Creek aggregation in the Northern Territory a good capital gain investment for vendor, Western Grazing? Source: Beef Central Crunching some numbers on yesterday’s historic 4m Wave Hill/Cattle Creek sale
Protect your dog from this new deadly disease outbreak. We still don’t know how it got here
While we continue to be occupied with the COVID pandemic, another life-threatening disease has emerged in northern Australia, one that’s cause for considerable alarm for the millions of dog owners around the country. Source: Beef Central Protect your dog from this new deadly disease outbreak. We still don’t know how it got here
Dalby sale 27 Jan 2021: Rates firm to dearer in bigger yarding
The large increase in supply resulted in a variation in average prices in places, however across most classes of light weight cattle prices remained very strong. Source: Beef Central Dalby sale 27 Jan 2021: Rates firm to dearer in bigger yarding
Carbon neutrality or climate neutrality? Scientists debate pathway for beef
The Australian red meat industry has set a target to achieve “carbon neutrality” by 2030. But the question was raised in a recent forum – isn’t “climate neutrality” a more apt description for that goal? Source: Beef Central Carbon neutrality or climate neutrality? Scientists debate pathway for beef
Beef 2021 tickets go on sale Monday
Tickets to attend May’s Beef Australia 2021 industry event in Rockhampton go on sale on Monday. Final preparations are underway, and the preliminary event program has now been released. Source: Beef Central Beef 2021 tickets go on sale Monday
From Tassie to Kimberley cattle country, ringer's gap year blows out into 'amazing' epic
Tasmanian Emily Hirst’s gap year in WA started three years ago and now her passion for the outback – which she spends countless hours traversing on horseback – is unbridled. Source: ABC Livestock From Tassie to Kimberley cattle country, ringer’s gap year blows out into ‘amazing’ epic
XE Market Analysis: Asia – Jan 27, 2021
The Dollar headed broadly higher through the London morning session, and into early N.Y. trade, before pulling back some later in the session. A fairly severe bout of risk-off hit equities, while supporting Treasuries, which resulted in a round of safe-haven USD buying. Talk of over-valued equities, along with the usual concerns over Covid, vaccines… Read more »
A new deadly disease outbreak is threatening dogs. This is what you need to watch for
While we continue to be occupied with the COVID pandemic, another life-threatening disease has emerged — for our furry friends. Source: ABC Livestock A new deadly disease outbreak is threatening dogs. This is what you need to watch for
XE Market Analysis: North America – Jan 27, 2021
The DXY dollar index recovered most of the declines seen yesterday in lifting to a high at 90.47. A turn lower across European equity markets saw the dollar find some safe haven demand, while remarks from ECB member Knot provided a reminder that policymakers at the central bank are not too enamoured by euro’s recent… Read more »
XE Market Analysis: Europe – Jan 27, 2021
The dollar and most currencies have remained in idling mode, as are global asset markets. The DXY dollar index has been seeing narrow ranges just above the week’s low at 90.08. EUR-USD, USD-JPY and most other dollar pairings have been seeing a similar directionally uneventful price action. There is one exception out of the main… Read more »
'Flush Labor out': NT CLP senator explains taxpayer-funded flights to Queensland during election
During a trip to Townsville last year, Senator Sam McMahon posted Facebook photos of herself supporting LNP election candidates outside polling booths, saying she would “do anything I can to get rid of this horrendous Labor Government”. The NT politician insists she was entitled to flights there because the main purpose of her travel was… Read more »
Weekly property review: What lies ahead for 2021 sale prospects?
NEW year property listings usually gain momentum sometime in February and March, depending on rain. While some people are waiting to confirm which way the season will go, producers in a mood to sell who had reasonable falls over December and January are already considering whether to go to market, property editor Linda Rowley writes. … Read more »
Weekly rainfall wrap + rain outlook, 27 January
Rainfall was recorded in all states and territories over the past week, with moderate to heavy falls across the northern tropics. Source: Beef Central Weekly rainfall wrap + rain outlook, 27 January
Property: Wave Hill sells to SA pastoral and investor buyers in $104m deal
A syndicate involving South Australia’s Jumbuck Pastoral Co and three city-based ‘silent partner’ investors has secured the prized Northern Territory pastoral asset, Wave Hill and Cattle Creek Stations in a deal worth $104 million, including cattle. The price is among the highest ever paid for a single cattle property in Australia. Source: Beef Central … Read more »
Weekly rainfall wrap + rain outlook, 27 January 2021
Rainfall was recorded in all states and territories, with moderate to heavy falls across the northern tropics. Source: Sheep Central Weekly rainfall wrap + rain outlook, 27 January 2021
Goat fertility study estimates cost of kid losses
KID loss is a significant cost to Australia’s growing farmed goat meat sector, an on-farm and desktop research study has found. Source: Sheep Central Goat fertility study estimates cost of kid losses
Project highlights Victorian sheep and lamb income increases
RECORD high lamb and beef prices have enabled south-west Victorian farms in the state’s Livestock Farm Monitor Project to record their highest gross farm incomes in fifty years. Source: Sheep Central Project highlights Victorian sheep and lamb income increases
Wool sector tested in virtual exotic disease exercise
A VIRTUAL wool industry emergency animal disease response exercise has highlighted the need for improved communications and an enhanced wool traceability system in the sector. Source: Sheep Central Wool sector tested in virtual exotic disease exercise
Weekly non-mulesed wool focus needed, not special sales
DESIGNATED non-mulesed wool sales could interfere with the normal flow of wool onto the market and create a supply squeeze at other times, according to New England Wool managing director Andrew Blanch. Source: Sheep Central Weekly non-mulesed wool focus needed, not special sales
New world sheep dog pup record set at Skipton UK
A NEW world record price of $£6,100 or A$10,820 was paid for unbroken pup at the most recent Skipton Auction Mart online working sheep dog sale. Source: Sheep Central New world sheep dog pup record set at Skipton UK
Weekly kill: Grids stabilise at recent record levels
Recent advances in new-season slaughter cattle grid prices have taken a breather this week, maintaining the new record levels set in some regions a week or ten days earlier. Source: Beef Central Weekly kill: Grids stabilise at recent record levels
Govt grants aim to build national fuel security
Applications have opened for the Boosting Australia’s Diesel Storage program, a project that will contribute to the Federal Government’s long-term fuel security goal to increase domestic fuel storage to meet industry and community needs during an emergency, and into the future. Source: Beef Central Govt grants aim to build national fuel security
Govt grants aim to build national fuel security
Applications have opened for the Boosting Australia’s Diesel Storage program, a project that will contribute to the Federal Government’s long-term fuel security goal to increase domestic fuel storage to meet industry and community needs during an emergency, and into the future. Source: Grain Central Govt grants aim to build national fuel security
Heifer prize aims to kick-start teenager's Santa Gertrudis stud after back-to-back wins
Georgia Perkins has amassed plenty of ribbons over years of parading, judging, and showing beef cattle, and she has now won enough animals to start her own stud. Source: ABC Livestock Heifer prize aims to kick-start teenager’s Santa Gertrudis stud after back-to-back wins
XE Market Analysis: Asia – Jan 26, 2021
The Dollar stumbled slightly in morning trade on Tuesday, seeing the DXY dip from 90.61 to 90.12 lows, before recovering slightly to 90.30. Incoming data saw a better consumer confidence outcome, a softer Richmond Fed index, and firmer housing prices. Wall Street struggled for traction, with the major indices trading on either side of flat… Read more »
XE Market Analysis: North America – Jan 26, 2021
The dollar rose and then ebbed, tracking first a drop in most Asian stock markets and then steadying as investor risk appetite improved during the European morning session, where stock markets saw a rebound following quite sharp declines in recent sessions, despite ongoing anxieties about the Covid impact. The DXY dollar index dipped back to… Read more »
XE Market Analysis: Europe – Jan 26, 2021
Dollar firmness has been ensuring amid risk-wary conditions across asset markets, despite U.S. Treasury yields having dropped sharply over the last day, eroding the dollar’s yield differential advantage against peers. This indicates that the market is utilizing the dollar as a safe haven vehicle once again, with the DXY dollar index vaulting to a six-day… Read more »
Denmark offers mink farmers up to $4 billion compensation after nationwide cull
Denmark’s mink farmers are to be compensated after the country’s entire herd of about 17 million mink were slaughtered in November amid fears the animals were passing a mutated strain of the coronavirus back to people. Source: ABC Livestock Denmark offers mink farmers up to billion compensation after nationwide cull
Agriculture Minister won't rule out WA Government intervention to save dairy industry
WA consumers may be asked to pay more for their milk if the State Government accepts an industry proposal to introduce a new retail levy. Source: ABC Livestock Agriculture Minister won’t rule out WA Government intervention to save dairy industry
Rural achievers recognised in 2021 Australia Day honours list
Victorian meat processor Colin McKenna, Angus cattle industry pioneer and innovator the late Andrew Gubbins, and former secretary of the Federal Department of Agriculture Daryl Quinlivan have been recognised in the 2021 Australia Day Honours List announced this morning. Source: Sheep Central Rural achievers recognised in 2021 Australia Day honours list
Rural achievers recognised in 2021 Australia Day honours list
Angus cattle industry pioneer and innovator the late Andrew Gubbins, Victorian meat processor Colin McKenna and former secretary of the Federal Department of Agriculture Daryl Quinlivan have been recognised in the 2021 Australia Day Honours List announced this morning. Source: Grain Central Rural achievers recognised in 2021 Australia Day honours list
Rural achievers recognised in 2021 Australia Day honours list
Angus cattle industry pioneer and innovator the late Andrew Gubbins, Victorian meat processor Colin McKenna and former secretary of the Federal Department of Agriculture Daryl Quinlivan have been recognised in the 2021 Australia Day Honours List announced this morning. Source: Beef Central Rural achievers recognised in 2021 Australia Day honours list
Animal cruelty charges laid almost two years after mass cattle deaths on Pilbara station
Animal welfare charges have been laid against a Pilbara Aboriginal Corporation over the deaths of more than 1,000 cattle on a pastoral lease in Western Australia’s north-west. Source: ABC Livestock Animal cruelty charges laid almost two years after mass cattle deaths on Pilbara station
XE Market Analysis: Asia – Jan 25, 2021
The Dollar was steady in early N.Y. trade, with the DXY idling between 90-25 and 90.35 through mid-morning. Wall Street started the session mostly higher, though reversed course quite sharply lower after the open. This resulted in safe-haven USD demand, which later took the DXY to 90.52 highs. Profit taking from record levels was the… Read more »
XE Market Analysis: North America – Jan 25, 2021
The dollar majors have been trading without direction. European stock markets declined modestly, failing to sustain the positive vibe that was seen across Asian markets, which were lifted by data showing China had received $163 bln of foreign direct investment inflows in 2020, more than the U.S. received. The MSCI Asia-Pacific came within a whisker… Read more »
XE Market Analysis: Europe – Jan 25, 2021
The dollar is modestly lower amid a risk-on backdrop in asset markets. Data showing China had received $163 bln of foreign direct investment inflows, more than the U.S. received, boosted sentiment across Asian equity bourses. The MSCI Asia-Pacific came within a whisker of a new record high. U.S. stock indices futures also rallied. Global stimulus… Read more »
Indonesia considers importing Mexican cattle as Australian beef prices reach record highs
The Indonesian Government is reportedly looking to Mexico as an alternate source of live cattle, after Australian cattle hit record prices and Jakarta meat sellers go on strike. Source: ABC Livestock Indonesia considers importing Mexican cattle as Australian beef prices reach record highs
Fearless livestock emissions crusader to address Beef 2021 gathering
Prominent US animal scientist Frank Mitloehner has been confirmed as one of the keynote conference speakers during Beef 2021 event in Rockhampton in May. He will feature during an information-packed Industry Symposium on the event’s first day, followed by almost 30 seminars on various industry topics over the next four days. Source: Beef Central … Read more »
Online wool bale sales surge as market lifts
AUCTIONSPLUS sold nearly 2000 bales of wool on its online offer board last week, as demand strengthened, especially for fine Merino wool. Source: Sheep Central Online wool bale sales surge as market lifts
Recovery in clothing retail sales needed to boost wool prices
WOOL pipeline stocks might be low and a post-pandemic global commodity price supercycle is mooted, but a clothing retail recovery is needed to boost wool prices, according to industry analyst Chris Wilcox. Source: Sheep Central Recovery in clothing retail sales needed to boost wool prices
Joined Australian White ewe lambs sell for $527 on AuctionsPlus
AUSTRALIAN White ewe lambs sold to $527, young first cross ewes made $427 and Merino ewes sold for up to $336 on AuctionsPlus last week. Source: Sheep Central Joined Australian White ewe lambs sell for 7 on AuctionsPlus
AWI to undertake blockchain wool traceability project
AUSTRALIAN Wool Innovation will collaborate with English digital transparency company Everledger to trial a blockchain system for tracing wool chain of custody from farms to consumers. Source: Sheep Central AWI to undertake blockchain wool traceability project
La Niña-fed pasture growth creating sheep worm issues
SHEEP producers in south-west Victoria and the Riverina have been urged to closely monitor worm counts, with strong La Niña-fed pasture growth providing ideal conditions for worms. Source: Sheep Central La Niña-fed pasture growth creating sheep worm issues
Call to prioritise rural Australians in COVID-19 vaccine roll-out
RURAL Australians should be considered as a target population for prioritisation in the COVID-19 vaccine roll-out, according to the National Rural Health Alliance. Source: Sheep Central Call to prioritise rural Australians in COVID-19 vaccine roll-out
BeefConnect webinar: Making the most of the forecast
With the wet season in full swing, it’s important for graziers to know where to access the most up-to-date and accurate climate-related information. Source: Beef Central BeefConnect webinar: Making the most of the forecast
Indonesians to start negotiations with Mexican live exporters as Aussie feeder cattle rise to record prices
With Australian live cattle at record prices, Indonesian importers have searched worldwide for alternatives and found that Mexico is currently a possibility. Source: Beef Central Indonesians to start negotiations with Mexican live exporters as Aussie feeder cattle rise to record prices
Don’t forget country Australia in COVID-19 vaccine rollout: Rural Health Alliance
With the Pfizer/BioNTech COVID-19 vaccine formally approved for use in Australia today, the National Rural Health Alliance is urging Federal Health Minister Greg Hunt to ensure that vulnerable people in rural, regional and remote Australia are prioritised for vaccination. Source: Beef Central Don’t forget country Australia in COVID-19 vaccine rollout: Rural Health Alliance
Anti-irrigator bias perverts Murray Darling water-sharing policy
Next-generation farmer, Sam Heagney, says irrigators unjustly bear the brunt of political point scoring when it comes to water sharing in the Murray Darling Basin Source: Grain Central Anti-irrigator bias perverts Murray Darling water-sharing policy
Water the key as outback Queensland town strives for reversal of fortune
Suffering from 60 years of population decline, the ambitious Queensland town of Hughenden plans to attract more agricultural investors in order to bolster the district’s economy. Source: ABC Livestock Water the key as outback Queensland town strives for reversal of fortune
Rice and summer crops sprout in Murrumbidgee Valley as full water allocation returns
There’s a spring in the step of irrigators in southern NSW who are growing summer crops like rice for the first time in three years. Source: ABC Grain Rice and summer crops sprout in Murrumbidgee Valley as full water allocation returns
From power points to a cattle joint, a young sparky returns to help run a family property
Raymond Goldsworthy packed up his life in town and moved to his grandparents’ cattle station when his grandfather was limited to a wheelchair and no longer able to run the property. Source: ABC Livestock From power points to a cattle joint, a young sparky returns to help run a family property
Queen bee shortage leaves beekeepers in Australia struggling to rebuild hives
The number of commercial queen bee breeders is dwindling by the day, leaving beekeepers to battle to secure the much-needed queens that are vital for each hive’s honey production. Source: ABC Livestock Queen bee shortage leaves beekeepers in Australia struggling to rebuild hives
Young cattle remain near record levels in larger 12,260 head AuctionsPlus offering
Young cattle prices remained near record levels in a larger offering of 12,260 head on AuctionsPlus this week. A clear recent trend has been the restoration of premiums paid for Wagyu cross backgrounder and feeder cattle, with four steer and heifer categories in this week’s sale topped by F1 Wagyu. Source: Beef Central … Read more »
XE Market Analysis: Asia – Jan 22, 2021
FX trade was choppy on Friday, leaving the DXY gyrating in a relatively narrow range between 90.06 and 90.30. Early risk-off conditions resulted in some safe-haven USD buying, though as Stocks moved off their worst levels, the Greenback faded again. Incoming U.S. data was strong, with bot Markit PMIs and existing home sales beating estimates,… Read more »
XE Market Analysis: North America – Jan 22, 2021
The dollar has traded mostly firmer up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The greenback still lost ground to the euro, which outperformed as market participants continued… Read more »
XE Market Analysis: Europe – Jan 22, 2021
The dollar has firmed up on a safe haven bid with the reflation trade having come to a firm stop. The DXY dollar index lifted moderately to a 90.26 high after basing out at a nine-day low at 90.05. The U.S. currency gained only marginally against the euro and yen, but racked up gains of… Read more »
Feedgrain Focus: Export demand, trade shorts lift prices
Buoyant export demand and some short covering from domestic consumers has lifted values for wheat, barley and sorghum in the past week. Source: Beef Central Feedgrain Focus: Export demand, trade shorts lift prices
Registrations open for 2021 ICMJ Northern Conference
Registrations are now open to young stakeholders working or studying in the red meat industry for the Australian Intercollegiate Meat Judging Association’s second annual Northern Conference. Source: Beef Central Registrations open for 2021 ICMJ Northern Conference
Angus keeping a finger on the industry pulse
South-west NSW producer and regional chair for the Southern Australian Livestock Research Council Angus Whyte is helping to organise the new series of MLA’s MeatUp forums across southern Australia, to keep information flowing and build networks for producers. Source: Beef Central Angus keeping a finger on the industry pulse
Wangaratta farmer pleads guilty to cattle cruelty
A Wangaratta cattle farmer who pleaded guilty to animal cruelty charges has been given a 12 month undertaking to be of good behaviour without conviction and ordered to pay the court $1500. Source: Beef Central Wangaratta farmer pleads guilty to cattle cruelty
Another big ‘beef bashing year’ looms, despite contrary evidence
WITH several major climate policy developments set to take place, 2021 is shaping as another “severe beef bashing year” from many quarters, despite the significant body of evidence debunking the case against beef on climate and health grounds. Source: Beef Central Another big ‘beef bashing year’ looms, despite contrary evidence
Strike Energy’s planned urea plant to displace imports
Strike Energy plans to build a plant near Geraldton which can manufacturer 1.4 million tonnes of urea primarily for sale to Australian farmers. Source: Grain Central Strike Energy’s planned urea plant to displace imports
Webinar to launch Textile Exchange Regenerative Fund for Nature
TEXTILE Exchange’s Regenerative Fund for Nature aims to transition one million hectares of wool, mohair and cashmere farms and rangelands into regenerative farming practices over the next five years. Source: Sheep Central Webinar to launch Textile Exchange Regenerative Fund for Nature
Bouyant wool auction trend feeds into forward trading
IT was an interesting week for the wool market, with the solid opening to the New Year physical auctions last week expected to be tested. Source: Sheep Central Bouyant wool auction trend feeds into forward trading
Bad fly season prompts AWI ‘It’s Fly Time’ flystrike webinar
WOOL growers in some areas were enduring the worst flystrike season in at least five years, according to Australian Wool Innovation’s General Manager of Research Dr Jane Littlejohn. Source: Sheep Central Bad fly season prompts AWI ‘It’s Fly Time’ flystrike webinar
Heavy lambs lift as saleyard prices hold above 800c/kg
THE slide in slaughter lamb prices eased slightly later this week but light, trade and heavy lambs in most saleyards continued to make 800c/kg-plus carcase weight. Source: Sheep Central Heavy lambs lift as saleyard prices hold above 800c/kg
Fine Merino wool prices surge as the penny drops on supply
FINE wool prices rebounded in auctions this week, with buyers especially chasing Merino lines under 17.5 microns at auctions and in broker’s stores. Source: Sheep Central Fine Merino wool prices surge as the penny drops on supply
XE Market Analysis: Asia – Jan 21, 2021
The Dollar lost modest ground in N.Y. on Thursday, though major USD pairing trading ranges remained relatively narrow. The DXY put in its third-consecutive lower daily low, bottoming at a seven-session base of 90.05. Incoming U.S. data was mostly positive, though initial jobless claims remained elevated. Continuing claims fell sharply, while housing starts hit a… Read more »
XE Market Analysis: North America – Jan 21, 2021
The DXY dollar index edged out a six-day low at 90.18 in what is now a third consecutive day of lower lows. The main U.S. equity indices on Wall Street clocked fresh record highs yesterday, as did the MSCI Asia-Pacific index today. Europe’s Stoxx 600 was showing a 0.5% gain as of the late London… Read more »
XE Market Analysis: Europe – Jan 21, 2021
The DXY dollar index edged out a six-day low at 90.25 in what is now a third consecutive day of lower lows, despite both EUR-USD and Cable, while buoyant, remaining below their respective Wednesday highs. USD-JPY, however, printed a two-week low at 103.33, and AUD-USD saw a five-day high. USD-CAD remained heavy, just above yesterday’s… Read more »
New CRC role for former MLA managing director
Former Meat and Livestock Australia managing director Richard Norton has been appointed to a new position as the chief executive officer for the Food Agility CRC. Source: Beef Central New CRC role for former MLA managing director
