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
Weekly genetics review: The practicalities of introducing and managing new bulls
With thousands of herd bulls currently changing hands in the spring bull market, genetics editor Al Rayner offers some advice to buyers on managing new sire introductions and assimilating them into the herd
Source: Beef Central
Weekly genetics review: The practicalities of introducing and managing new bulls
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
Wagga sale 20 Aug: Most categories back 10-40c
A lack of buyer support and little competition from feedlots influenced rates in a larger yarding of 3540 at Wagga. Most categories took a hit of 10-40c depending on condition and weight.
Source: Beef Central
Wagga sale 20 Aug: Most categories back 10-40c
Weekly kill: Some Qld grids lift 5-10c
Some Queensland slaughter cattle grids have risen 5-10c/kg this week, but the trend is more about processors re-aligning with their competitors’ higher offers, rather than overall cattle market changes.
Source: Beef Central
Weekly kill: Some Qld grids lift 5-10c
Tasmania’s GM ban stands as SA move largely welcomed
South Australia’s move to lift its moratorium on GM crops has been largely welcomed by industry groups, and leaves Tasmania as the only Australian state with a GM ban still in place.
Source: Grain Central
Tasmania’s GM ban stands as SA move largely welcomed
Time for national animal welfare standards, says AMIC
As new legislation to introduce jail sentences for people who incite farm invasion and harassment makes its way through parliament, processors have called on state and federal governments to work together on harmonised national standards for animal welfare across the supply chain.
Source: Beef Central
Time for national animal welfare standards, says AMIC
New projects tap the pulse of northern Australia
A new funding agreement has been announced to support the development of a northern Australian broadacre cropping industry.
Source: Grain Central
New projects tap the pulse of northern Australia
National farm debt mediation scheme a priority
A national farm debt mediation scheme remains a priority, as outlined in the Government’s Banking Royal Commission Implementation Roadmap, rural finance minister David Littleproud says
Source: Beef Central
National farm debt mediation scheme a priority
Heytesbury deal for Wellard vessel purchase now back on track
A deal to sell its live export vessel, the MV Ocean Swagman to Western Australia’s Heytesbury Holdings is back on track, just a fortnight after owner Wellard signalled that the agreement was off, and an alternate buyer had been found.
Source: Beef Central
Heytesbury deal for Wellard vessel purchase now back on track
‘Some improvement’ in cattle and beef industry transparency, says ACCC
The cattle and beef industry has taken some steps towards improving transparency in dealings between processers and livestock producers, but more work is needed, the Australian Competition and Consumer Commission has noted.
Source: Beef Central
‘Some improvement’ in cattle and beef industry transparency, says ACCC
Recruitment: Recognising the importance of workplace culture
Large or small, each business is defined by its company culture; it is the unique identifier of its principles and values. The most successful agribusinesses will always have a solid workplace culture in place.
Source: Grain Central
Recruitment: Recognising the importance of workplace culture
Hopes for quail sales lift in shift to faster foods, but eggs fall under tracking regime
When reality show contestants — and even foodies — talk about quail meat it often involves complex recipes, but a farmer’s shift to faster food could change that.
Source: ABC Livestock
Hopes for quail sales lift in shift to faster foods, but eggs fall under tracking regime
Inner-city 'narrow-mindedness': Council's meat-free Mondays stir up industry anger
The meat industry says a Melbourne council’s decision to take meat off its menu on Mondays could damage regional economies for little environmental gain.
Source: ABC Livestock
Inner-city ‘narrow-mindedness’: Council’s meat-free Mondays stir up industry anger
Would you buy meat on Instagram?
Indonesian ‘mumpreneurs’ are cashing-in on an appetite for purchasing cheap beef online, threatening Australia’s live cattle trade.
Source: ABC Livestock
Would you buy meat on Instagram?
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
WoolProducers seeks new Foot and Mouth Disease trainees
PEAK wool grower body WoolProducers Australia is seeking nominations from industry people interested in real-time Foot and Mouth Disease training in Nepal.
Source: Sheep Central
WoolProducers seeks new Foot and Mouth Disease trainees
NZ shearer sets new crossbred lamb shearing record in NSW
NEW Zealand shearer Aiden Copp on Saturday became the latest shearer to set world records on both sides of the Tasman Sea with a new record for Merino crossbred lambs achieved in a Riverina shed.
Source: Sheep Central
NZ shearer sets new crossbred lamb shearing record in NSW
Dubbo goats sell $10-$15 cheaper with less restocker demand
GOATS sold up to $10-$15 cheaper at Dubbo’s quarterly goat sale last week as continued dry conditions limited restocker activity.
Source: Sheep Central
Dubbo goats sell – cheaper with less restocker demand
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
Sheep and lamb prices lift for reduced AuctionsPlus offering
PRICES improved for a reduced online sheep and lamb offering on AuctionsPlus last week, with numbers falling 9000 to 49,800 head.
Source: Sheep Central
Sheep and lamb prices lift for reduced AuctionsPlus offering
Elders wool co-ordinator Sam Wan takes service to new level
ELDERS wool technical co-ordinator and auctioneer Samantha Wan has undertaken an array of industry roles while taking her company service role to new levels in technological development.
Source: Sheep Central
Elders wool co-ordinator Sam Wan takes service to new level
AWI CEO McCullough condemned for wool sale mechanism comment
WOOL growers, brokers and exporters have condemned comments by Australian Wool Innovation chief executive officer Stuart McCullough that the industry might consider an emergency strategy or mechanism to manage bale sales.
Source: Sheep Central
AWI CEO McCullough condemned for wool sale mechanism comment
Fickle season confounds national crop estimates
A strong, late break in Western Australia, Victoria and South Australia has led to good winter crop condition reports, with the latest ABARES crop outlook predicting a slightly improved wheat volume of 21.2 million tonnes (Mt).
Source: Beef Central
Fickle season confounds national crop estimates
Murray Arnel: Firm to easier for Ballarat steers + VIDEO
Prices bid for feeder and restocker cattle returned to the levels of last winter at this month’s Ballarat store cattle sale, Murrray Arnel reports.
Source: Beef Central
Murray Arnel: Firm to easier for Ballarat steers + VIDEO
Tariff on Australian beef to China doubles from Aug 17
China has doubled tariffs on eight important categories of Australian imported beef, after Australia triggered its 2019 annual beef quota to China following booming trade volumes this year.
Source: Beef Central
Tariff on Australian beef to China doubles from Aug 17
SA lifts GM moratorium
The South Australian Government has today announced farmers on mainland SA will be given the choice to plant GM food crops next season.
Source: Grain Central
SA lifts GM moratorium
Red meat white paper: Where does Government stand?
A big unknown surrounding the red meat MoU review process currently underway is where the Federal Government stands.
Source: Beef Central
Red meat white paper: Where does Government stand?
Perdaman eyes NSW fertiliser market with Narrabri plant
Perdaman plans to build a fertiliser plant in north-west NSW using power from Santos’ proposed Narrabri Gas Project.
Source: Grain Central
Perdaman eyes NSW fertiliser market with Narrabri plant
Fickle season confounds national crop estimates: NAB
Spring rain’s a must, despite good early conditions for winter crops in Western Australia, Victoria and South Australia the dry outlook is concerning says NAB.
Source: Grain Central
Fickle season confounds national crop estimates: NAB
WA season hangs in the balance
The winter crop growing season in Western Australia hangs in the balance for the majority of the grainbelt.
Source: Grain Central
WA season hangs in the balance
How an ancient trade is helping one of SA's oldest farming families survive the big dry
Holowiliena Station is in the grip of a horror drought, but reviving an ancient trade is proving a lifeline to this farming family.
Source: ABC Livestock
How an ancient trade is helping one of SA’s oldest farming families survive the big dry
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
Prickly acacia disaster looms in aftermath of North Queensland floods
Graziers fear an environmental disaster with prickly acacia spreading since the North Queensland floods in February.
Source: ABC Livestock
Prickly acacia disaster looms in aftermath of North Queensland floods
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
Wool market drop leaves forward marketers faltering
THE wool forward market could provide no solace for buyers nor sellers this week, with the rate of auction price decline leaving sellers out of range and buyers unable to establish an offshore basis.
Source: Sheep Central
Wool market drop leaves forward marketers faltering
Russell blends innovation and skills to market wool and sheep
AUSTRALIAN Wool Network’s Russell Macgugan has taken a forward-looking approach to wool marketing in his eight years as a broker, with a strong focus on innovative development of the Merino…
Source: Sheep Central
Russell blends innovation and skills to market wool and sheep
Wool sellers balk at auction price drops of up to 200 cents
MORE than half the wool scheduled to sell at Australian auctions this week went unsold as growers balked at the biggest market downturn in more than 10 years.
Source: Sheep Central
Wool sellers balk at auction price drops of up to 200 cents
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
Feedgrain Focus: Inverse stymies sales, prices ease on US tumble
Some growers in NSW are weighing up their options for grain, grazing or hay, while cereals trade flat to lower in the feed market to reflect Monday’s drop in US futures.
Source: Beef Central
Feedgrain Focus: Inverse stymies sales, prices ease on US tumble
Dubbo Sale 15 Aug 2019: Yarding increases to 6013 head
Prime bullocks reach 345c and prime grown heifers sell to 323c/kg in another good sized yarding.
Source: Beef Central
Dubbo Sale 15 Aug 2019: Yarding increases to 6013 head
Agriculture Victoria canvasses sheep and goat duty options
VICTORIAN sheep and goat producers are being asked to have their say on potentially increasing the 12-cent sale duty or levy they are charged when an animal is sold.
Source: Sheep Central
Agriculture Victoria canvasses sheep and goat duty options
Australia’s wool production tipped to hit lowest level in 95 years
AUSTRALIA’S wool production is forecast to hit its lowest level in almost 100 years this financial year, with market and seasonal conditions not indicating a quick turn-around.
Source: Sheep Central
Australia’s wool production tipped to hit lowest level in 95 years
It’ll be hard, but we can feed the world with plant protein
There are plenty of barriers, but if we really want to we can feed the world on plant protein, largely from legumes.
Source: Grain Central
It’ll be hard, but we can feed the world with plant protein
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
Eight messages from Senate grilling of new farm protection laws
New legislation which would introduce jail sentences for people who incite farm invasion and harassment was put under the microscrope by Senators in a public hearing in Canberra this week.
Source: Beef Central
Eight messages from Senate grilling of new farm protection laws
The family-owned butcher that's bucking the retail trend
A butcher shop in South Australia’s Bordertown bucks the retail trend by changing with the times, and staying open for more than 80 years.
Source: ABC Livestock
The family-owned butcher that’s bucking the retail trend
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: US Dollar Remains Sticky Amidst Chinese Retaliation Act
OVERVIEW Investor pour flows into traditional safe-haven assets Euro drops below 1.12 handle over fears of a recession. WTI Crude oil drops for the second day in a row after Chinese declarations of trade policy intentions.
Source: XE news feed
XE Market Analysis: US Dollar Remains Sticky Amidst Chinese Retaliation Act
Meat Business Women network heads to Brisbane
On the back of a successful launch event in Melbourne in April, organisers of the Australian chapter of Meat Business Women have announced the network’s second event this year, to be held in Brisbane in October.
Source: Beef Central
Meat Business Women network heads to Brisbane
Project looks at farming seaweed for methane reduction in cattle + VIDEO
A puffy pink seaweed that can stop cattle from belching out methane is being primed for mass farming by researchers in Queensland.SC’s
Source: Beef Central
Project looks at farming seaweed for methane reduction in cattle + VIDEO
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
Is there really a problem with F1 Wagyu?
Recent discussions among Wagyu industry stakeholders have suggested that the premiums are returning to the market, prompting Mecardo to go back to the data to assess if the anecdotal evidence stacks up against the AuctionsPlus sales figures.
Source: Beef Central
Is there really a problem with F1 Wagyu?
Dalby sale 14 Aug 2019: Firmer market for 4571 cattle
The trend of a large supply of cows continued, along with a relatively small sample of heavy grown steers and bullocks, and a good supply of yearling steers and heifers.
Source: Beef Central
Dalby sale 14 Aug 2019: Firmer market for 4571 cattle
2020 NAB Agri Rising Champion winner announced
The winner of the 2020 NAB Agribusiness Rising Champion award was named at a Cattle Council gala dinner in Canberra last night.
Source: Beef Central
2020 NAB Agri Rising Champion winner announced
JBS in mood for growth, as 2Q pre-tax earnings hit record A$1.89b
Global meat protein giant JBS is in a mood for growth, shareholders were told as the company delivered record pre-tax earnings for its second quarter of R$5.1 billion – the equivalent of $1.89b in Australian currency.
Source: Beef Central
JBS in mood for growth, as 2Q pre-tax earnings hit record A.89b
Indonesia to import 50,000t of beef from Brazil
Australian beef exports to Indonesia are facing more competition with the country yesterday announcing it will now open its market to imports of beef from Brazil.
Source: Beef Central
Indonesia to import 50,000t of beef from Brazil
Wattle seed whiskey made with age-old techniques to create a modern flavour
In the Adelaide Hills, the age-old craft of whiskey-making joins with some of Australia’s ancient bush foods to create a thoroughly modern drop.
Source: ABC Grain
Wattle seed whiskey made with age-old techniques to create a modern flavour
Wool growers suffer as trade war crashes prices, drought bites
Australia’s wool growers are on the front line of the trade war between the US and China, with falling demand and crashing prices coinciding with a crippling drought.
Source: ABC Livestock
Wool growers suffer as trade war crashes prices, drought bites
Push to mass farm puffy pink seaweed that stops cows burping methane
The native Queensland seaweed that can stop bovines burping out methane could cut the country’s greenhouse emissions by 10 per cent, if it could be farmed on a scale to feed every cow in Australia, researchers say.
Source: ABC Livestock
Push to mass farm puffy pink seaweed that stops cows burping methane
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
Quad bike $1200 rebate period running out in Victoria
VICTORIAN farmers have reminded they have only six weeks to apply for a $1200 rebate under the Quad Bike Safety Rebate Scheme.
Source: Sheep Central
Quad bike 00 rebate period running out in Victoria
TFI launches its first livestock certification program
SOUTH Australian based meat and food processor Thomas Foods International has launched a voluntary livestock certification program to improve transparency and verification for overseas customers.
Source: Sheep Central
TFI launches its first livestock certification program
Market to expand national sheep and goat electronic tag uptake
NATIONALISATION of Victoria’s electronic ear tag system for sheep and goats is expected to occur through processor-imposed ‘no tag buy’ policies, saleyard managers were told last week.
Source: Sheep Central
Market to expand national sheep and goat electronic tag uptake
Beef brands perform with distinction in competitions across the nation
Best in class at Melbourne’s Food Awards for Mort & Co’s new Wagyu brand | JBS’s Yardstick program tops Regatta’s Beef-Off competition | Mobile abattoir-processed meat wins Australian Food Awards medal
Source: Beef Central
Beef brands perform with distinction in competitions across the nation
WA farmers jailed over Illegal pork semen imports
The circumstances that led to the jailing of two west Australian pig farmers this week have highlighted the disturbing potential that exists for Australia’s livestock industries to be exposed to devastating disease outbreaks.
Source: Beef Central
WA farmers jailed over Illegal pork semen imports
Can we feed the world without wrecking the planet?
Can agriculture meet the food demands of the world into the future and do it in a sustainable way?
Source: Grain Central
Can we feed the world without wrecking the planet?
Livestock carriers seek legal protection against animal activists
Australia’s livestock carriers want proposed federal agricultural protection trespass laws extended to protect them against animal activist attacks.
Source: Beef Central
Livestock carriers seek legal protection against animal activists
Roma store sale 13 Aug 2019: Hereford cross steers top at $1652
Feedlot and restocker competition remained firm for quality lines but prices fell for the lesser quality lines.
Source: Beef Central
Roma store sale 13 Aug 2019: Hereford cross steers top at 52
AuctionsPlus online wool sales falter as auction prices fall
ONLINE wool sales faltered in Australia last week in line with significant price drops at physical auctions.
Source: Sheep Central
AuctionsPlus online wool sales falter as auction prices fall
Weekly rainfall wrap + rain outlook, 14 August 2019
Strong cold fronts and intense lows produced moderate falls and snow to low levels in parts of the southeast, as cold fronts brought light falls to parts of the southern coasts of Western Australia and South Australia, prior to the cold outbreak in the southeast.
Source: Sheep Central
Weekly rainfall wrap + rain outlook, 14 August 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
Australia urgently needs real sustainable agriculture policy
Australia urgently needs a contemporary definition of sustainable agriculture, including agreed on-farm metrics, according to UNE senior research fellow and lecturer, Jacqueline Williams.
Source: Beef Central
Australia urgently needs real sustainable agriculture policy
Farmers jailed for smuggling pig semen in shampoo bottles
Two WA pig producers are jailed over an illegal pig semen racket that spawned more than 2,000 piglets in Australia.
Source: ABC Livestock
Farmers jailed for smuggling pig semen in shampoo bottles
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: The Currency Market Switched to Risk-Off Mode
OVERVIEW Gold jumped 0.5% to its highest level since April 2013 over global tensions. USD/CAD is directionless and is keeping an eye on the oil futures market. WTI Crude oil shed 0.9% after a three-day gain.
Source: XE news feed
XE Market Analysis: The Currency Market Switched to Risk-Off Mode
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
Rolleston’s Billabalong sets $22m record for Arcadia Valley country
Located in the heart of arguably the best cattle country in Queensland, 3900ha Billabalong station has set a price record for the Arcadia Valley region of more than $22 million, following completion of an expressions of interest campaign this week
Source: Beef Central
Rolleston’s Billabalong sets m record for Arcadia Valley country
Miners back stronger deterrents against trespass
The Queensland Resources Council (QRC) supports the strong action the Federal Government is taking on anti-farming activists and is urging the Government to extend the laws to cover mining-related businesses and infrastructure.
Source: Beef Central
Miners back stronger deterrents against trespass
Wagga Sale 13 Aug 2019: Store buyers add competition
Cattle prices remained strong with bidding from processors, feedlots and restockers at higher levels throughout the sale.
Source: Beef Central
Wagga Sale 13 Aug 2019: Store buyers add competition
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”
'A tonic for the grass': How the weekend's high snowfall impacted country NSW
Lambs have died of hypothermia and orchards are ready for a fruitful spring following a snow event in regional New South Wales.
Source: ABC Livestock
‘A tonic for the grass’: How the weekend’s high snowfall impacted country NSW
Weekly kill: Softening trend in saleyards sees some grid offers follow-suit
Further easing in saleyards pricing on slaughter cattle in the past ten days, combined with adequate supplies of paddock cattle has produced a softer trend in some Queensland processor direct consignment grids this week.
Source: Beef Central
Weekly kill: Softening trend in saleyards sees some grid offers follow-suit
Australia-EU Free Trade Agreement negotiations enter important phase
Negotiations over the Australia-European Union Free Trade Agreement continue to build momentum, as shown by this week’s launch of public consultations on the use of Geographic Indications.
Source: Beef Central
Australia-EU Free Trade Agreement negotiations enter important phase
Murray-Darling water markets inquiry begins
The ACCC has commenced an inquiry into markets for tradeable water rights in the Murray-Darling Basin.
Source: Grain Central
Murray-Darling water markets inquiry begins
Australia urgently needs real sustainable agriculture policy
Australia urgently needs a contemporary definition of sustainable agriculture, including agreed on-farm metrics, according to UNE senior research fellow and lecturer, Jacqueline Williams.
Source: Grain Central
Australia urgently needs real sustainable agriculture policy
