Regional ag businesses harvest the fruits of broadband internet

When two large Queensland lotfeeding operations invested in broadband internet, questions were posed around whether the service would really help the businesses increase productivity, and whether it was ‘only going be used for social media and Netflix by staff.’ But according to feedback from both, improved connectivity has not only boosted productivity and staff retention, but also reduced maintenance, service costs and labour costs.

Source: Beef Central
Regional ag businesses harvest the fruits of broadband internet

XE Market Analysis: North America – Aug 20, 2019

The Dollar has headed into the New York interbank open on a mixed footing, showing gains versus the Pound while changing hands at near net unchanged levels against the Euro and Canadian Dollar, and showing losses against the Yen and Australian Dollar. Sterling’s underperformance saw Cable print a three-day low at 1.2074, which was the product of a tweet from UK Prime Minister Johnson reminding us of his no-deal-and-I-mean-it Brexit threat.

Source: XE news feed
XE Market Analysis: North America – Aug 20, 2019

XE Market Analysis: Europe – Aug 20, 2019

The Australian Dollar has traded firmer and, to a lesser extent, the New Zealand buck. The gains came despite Chinese stock markets sputtering, although other equity markets across the Asia-Pacific region performed better, continuing the recouperation from last week’s acute phase of risk-off positioning. AUD-USD printed a five-day high, at 0.6795, as did AUD-JPY, at 72.36.

Source: XE news feed
XE Market Analysis: Europe – Aug 20, 2019

XE Market Analysis: Asia – Aug 19, 2019

The Dollar was rangebound in N.Y. on Monday, leaving the DXY between 98.18 lows at the open, and 98.27 after the London close. There was no data to drive the market. Wall Street was higher on trade negotiation hopes, while Treasury yields edged higher as well. EUR-USD slipped from 1.1104 to lows under 1.1090 later in the session. USD-JPY topped at 1.0670 into the open, later easing to 106.46 lows before turning sideways on either side of 106.50. USD-CAD bottomed at 1.3251 into the open, later rallying over its 200-day moving average to highs near 1.3330.

Source: XE news feed
XE Market Analysis: Asia – Aug 19, 2019

Opinion: How do we fund Australia’s herd rebuilding when the bank account is empty?

Beef Central’s guest commentator Simon Quilty ponders how the Australian cattle industry will rebuild after drought, with an empty bank account. He estimates that $800 million to $1 billion of additional finance will be needed in the first year of the rebuilding phase.

Source: Beef Central
Opinion: How do we fund Australia’s herd rebuilding when the bank account is empty?

XE Market Analysis: North America – Aug 19, 2019

Moderate weakness in the Yen and the Pound has characterized early-week trading so far. The Yen nudged lower against the Dollar and Euro, tracking a rise in U.S. Treasury and Bund yields, which were accompanied by gains in Asian and European stock markets to complete a risk-back-on picture. USD-JPY printed a two-session high at 106.66, returning last week’s two-week peak at 106.97 back into scope, and EUR-JPY also lifted into two-session terrain. The pound took a rotation lower during the London morning session. Cable posted a low at 1.2116, which is 56 pips down on the day’s peak.

Source: XE news feed
XE Market Analysis: North America – Aug 19, 2019

XE Market Analysis: Europe – Aug 19, 2019

The Dollar majors have been plying narrow ranges in early-week trading so far, with principal pairings and associated cross rates showing less than a 0.2% net movement heading into the London interbank open. EUR-USD settled in the upper 1.1100s. The pair was lifted on Friday from levels around 1.1170 by reports that Germany will shift to deficit spending should the country enter recession. EUR-JPY has similarly consolidated Friday’s Euro-driven lift; ditto for other Euro crosses.

Source: XE news feed
XE Market Analysis: Europe – Aug 19, 2019

More than $90 million paid in QLD flood recovery grants

More than $90 million in recovery grants has been paid to flood victims in North and North West Queensland in the six months since unprecedented weather devastated the region in February. About 1500 applications for financial assistance were approved for primary producers, totalling more than $82 million, while $7.8m was paid to flood-affected small businesses. Maxwelton’s Robert and Ruth Chaplain were among the recipients.

Source: Beef Central
More than million paid in QLD flood recovery grants

Weaners and yearlings continue to dominate larger AuctionsPlus offering

Cattle numbers totalled 9985 head on AuctionsPlus this week, up three percent or 312 head on last week. Weaners and yearlings continue to dominate the offering, totalling 7888 head. Impacts from the seasonal conditions remain present, with clearance dipping 13pc to total 64pc across all cattle offered.

Source: Beef Central
Weaners and yearlings continue to dominate larger AuctionsPlus offering

XE Market Analysis: Asia – Aug 16, 2019

The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. USD-JPY remained supported by general risk-on conditions, topping at 106.43, after falling to 106.21. USD-CAD idled near its 200-day moving average for mush of the day, later dipping to 1.3275 on pre-weekend position squaring. Cable managed a one week high of 1.2175, following decent U.K. data this week.

Source: XE news feed
XE Market Analysis: Asia – Aug 16, 2019

XE Market Analysis: North America – Aug 16, 2019

EUR-USD has declined for a fifth consecutive day, earlier pegging a two-week low at 1.1074. A stop-loss and long-covering decline in EUR-GBP, which has fallen by nearly 1%, has driven a broader underperformance in the Euro. EUR-USD’s ebb today has extended the fall the pairing saw following yesterday’s firmer than expected U.S. retail sales and productivity data, which tipped the balance of Fed versus ECB easing expectations a little (especially with ECB’s Rehn arguing for “impactful and significant” stimulus in a WSJ interview).

Source: XE news feed
XE Market Analysis: North America – Aug 16, 2019

XE Market Analysis: Europe – Aug 16, 2019

Narrow ranges have been prevailing amid a restive mood in global markets. Hopes for more central bank stimulus have been winning out in equity markets, for now, though this is juxtaposed by fears that a number of major economies are simultaneously heading for recession, with a number of developing-world economies with high dollar debt levels are particularly exposed to the shifting financial cycle. Given these fears, further conciliatory remarks are likely from both China and the U.S. with regard to their trade spat, which may help maintain investor spirits.

Source: XE news feed
XE Market Analysis: Europe – Aug 16, 2019

Recruitment: The importance of workplace culture for success

NOW, more than ever, employees are choosing red meat industry supply chain workplaces where they feel valued and believe in the overall mission of the business. It’s not surprising, then, that the most successful agribusinesses will always have a solid workplace culture in place.

Source: Sheep Central
Recruitment: The importance of workplace culture for success

Casino veal supply chain wins national food industry award

One of Australia’s most successful and enduring veal supply chains has won a major national food industry award. Northern Cooperative Meat Co’s Three River Farms veal brand won a major accolade in the annual Food and Beverage Industry awards held at Darling Harbour in Sydney last month.

Source: Beef Central
Casino veal supply chain wins national food industry award

Recruitment: Recognising the importance of workplace culture for business success

Now, more than ever, employees are choosing red meat industry supply chain workplaces where they feel valued and believe in the overall mission of the business. It’s not surprising, then, that the most successful agribusinesses will always have a solid workplace culture in place.

Source: Beef Central
Recruitment: Recognising the importance of workplace culture for business success

XE Market Analysis: Asia – Aug 15, 2019

The Dollar was mostly firmer through the N.Y. session on Thursday, with gains coming on the back of decent U.S. data. Trade angst remains front and center, which has tended to support the USD and JPY this week. EUR-USD faded to two-week lows of 1.1092 before recovering over 1.1115. USD-JPY peaked at 106.34, though later fell into the 105.80 level, as Wall Street turned negative. USD-CAD headed up to 1.3339 as crude prices remain pressured. Cable bucked the trend and rallied to one-week highs of 1.2150 early in the session.

Source: XE news feed
XE Market Analysis: Asia – Aug 15, 2019

XE Market Analysis: North America – Aug 15, 2019

A revival in risk-off positioning saw the Yen more than recover losses seen earlier in the day, while S&P 500 went from showing a 0.7% gain to a 0.6% loss in overnight trading. Beijing’s vow to take “necessary countermeasures” rekindled investor anxiety, offsetting President Trump’s decision to delay the latest earmarked tariffs to December from September. USD-JPY, after hitting a peak at 106.78, dove back to the 105.80 area. This is classic price action for this pairing amid phases of flip-flopping risk-off and risk-back-on sentiment shifts.

Source: XE news feed
XE Market Analysis: North America – Aug 15, 2019

XE Market Analysis: Europe – Aug 15, 2019

The Aussie Dollar rallied on Australian employment data, which expanded by 41k, well up on the median forecast for a 14k rise and with full-time positions making up a solid 34.5k of the total. Despite a 2.8% closing loss in the local ASX equity index, which markedly underperformed other Asian indexes, the data catalyzed a short-covering reaction in the forex market, lifting the recently heavily shorted AUD-USD pairing and AUD-JPY cross. The former rose by just over 30 pips in making an intraday high at 0.6788 before losing steam, leaving yesterday’s peak at 0.6797 untested.

Source: XE news feed
XE Market Analysis: Europe – Aug 15, 2019

XE Market Analysis: Asia – Aug 14, 2019

The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. In addition, the 30-year bond yields fell to its lowest level ever, printing 2.018%. Fir data, import prices were a bit lower than expected, though had little impact on the FX market. Safe-haven flows via EUR-USD saw that pairing fall to eight session-lows of 1.1136, down from early highs of 1.1190.

Source: XE news feed
XE Market Analysis: Asia – Aug 14, 2019

XE Market Analysis: The FX Market is Unimpressed After the Trump Administration Decides to Apply Tariffs Drip by Drip.

OVERVIEW Gold consolidates near its highest level since April 2013 over a global economic slowdown. USD/CAD is toying with the upper range of 1.32-1.33 over weak oil prices. WTI Crude oil lost 3.3% to fall to $55.25 a barrel with soft global economic growth.

Source: XE news feed
XE Market Analysis: The FX Market is Unimpressed After the Trump Administration Decides to Apply Tariffs Drip by Drip.

XE Market Analysis: North America – Aug 14, 2019

The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump’s partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp downward turn across European equity bourses and in S&P 500 futures. USD-JPY dropped to a 106.12, extending the retreat from yesterday’s post-Trump-announcement high at 106.97. EUR-JPY, AUD-JPY and other Yen crosses have seen similar price actions.

Source: XE news feed
XE Market Analysis: North America – Aug 14, 2019

XE Market Analysis: Europe – Aug 14, 2019

Consolidation has been ensuing so far today among the main currencies, which follows the bout of risk-off-reversal positioning during yesterday’s London afternoon session after President Trump announced a delay in new tariffs on Chinese goods imports. USD-JPY settled in the mid 106.0s, below yesterday’s peak at 106.97, which was the product of a vertiginous rally from pre-Trump tariff announcement levels around 105.30. AUD-JPY and other Yen crosses have seen similar price actions, with the Japanese currency having seen a sharp unwind in its safe haven premium.

Source: XE news feed
XE Market Analysis: Europe – Aug 14, 2019

SE Asia Report: Strong Indonesian feeder imports continue in July

News from Dr Ross Ainsworth’s South East Asia report this month includes strong continued contined feeder imports from Indonesia in July, returning supplies of frozen Indian buffalo meat in Indonesia, but at very low volumes, and a chapter closes as PT Elders Indonesia closes its remaining business.

Source: Beef Central
SE Asia Report: Strong Indonesian feeder imports continue in July

XE Market Analysis: Asia – Aug 13, 2019

The Dollar firmed up early in the session, supported by a warmer than expected U.S. CPI report. Wall Street and Treasury yields started lower however, with the 30-year bond printing all-time low yields of 2.095%. The Dollar, equities, and yields were subsequently jolted higher by news that the U.S. would re-start trade negotiations with China, and would push back implementation of new tariffs from September 1 to December 15. Risk-sensitive USD-JPY shot up to 106.97 from near 105.10 at the open, while EUR-USD fell from pre-CPI highs of 1.1228 to 1.1170.

Source: XE news feed
XE Market Analysis: Asia – Aug 13, 2019

XE Market Analysis: North America – Aug 13, 2019

Currency markets have been in a somewhat directionally non-committal mood, with even a backdrop of sputtering global stock markets only managing to elicit modest safe-haven positioning. USD-JPY ebbed to within a pip of the seven-month low seen yesterday at 105.05. EUR-JPY and AUD-JPY also drifted lower, though both remained off their respective lows from yesterday. EUR-USD continued to oscillate around the 1.1200 level. USD-CAD printed a two-session high at 1.3264, while EUR-CHF logged a fresh 25-month low at 1.0852.

Source: XE news feed
XE Market Analysis: North America – Aug 13, 2019

Weekly genetics review: For some, spring bull sale results better than expected

On the back of a third year in drought and declining cow numbers, there has been quiet concern among many over prospects for this year’s spring bull sales as the July sales commenced. However some strong results, underpinned by bulk purchases from Queensland producers, have combined to keep clearances reasonably strong over the past four weeks. About 1380 Angus bulls have been offered for sale through on-property auctions or at multi-vendor sales, with clearances across the sales higher than many may have expected, at 83pc.

Source: Beef Central
Weekly genetics review: For some, spring bull sale results better than expected

XE Market Analysis: Europe – Aug 13, 2019

The Dollar has traded moderately firmer against most of the other main currencies outside the case against the Australian Dollar, which has modestly outperformed so far today. The Yen softened, correcting some of the recent safe-haven driven gains, despite a tumble on Wall Street yesterday and across Asian equity bourses today, though the Japanese currency has lifted out of its lows into the London interbank open.

Source: XE news feed
XE Market Analysis: Europe – Aug 13, 2019

Sorry, but banning beef won’t save the planet

An English University has announced it will ban the sale of beef products from its campus food outlets to fight global warming – but students might ask: where is the supporting evidence? Academic standards typically require students to back up claims with supporting evidence, but, curiously in this instance, the university’s written announcement offers no backing detail or scientific justification to explain its policy or why or how banning beef will help in its bid to halt climate change.

Source: Beef Central
Sorry, but banning beef won’t save the planet

TFI’s new livestock certification program aims to “build global appetite for quality Australian meat”

Beef and sheepmeat processor TFI has launched a new livestock certification program aiming to protect and build on Australia’s reputation for the highest quality, ethically and sustainably-raised beef, lamb, mutton and goat products, including claims around antibiotic and HGP use, ‘humanely-raised’ and ‘sustainable.’

Source: Beef Central
TFI’s new livestock certification program aims to “build global appetite for quality Australian meat”