Blog Post

Genetic investment pays off as Southern Qld heifers top at $1900

Julie and Jeremy Shaw with their son Leo at today’s Roma Sale. Photo: Brad Neven A LARGE run of Angus heifers auctioned at the Roma Saleyards this morning has defied the declining cattle market, averaging $1518/head and topping at $1900. The Shaw family, from Injune-based JS Grazing, hold an annual weaner sale at the Roma […]

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AA Co shares take a tumble, as stock disappears off S&P Index

  AUSTRALIAN Agricultural Co shares took a significant hit yesterday, falling seven percent on a day of particularly active sell-downs. Either directly or indirectly, the stock’s performance appears to be related to the deterioration in the cattle market and flat international beef trading conditions. AA Co shares closed at $1.35 yesterday, down 10c on the […]

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Monthly beef exports reach three-and-a-half year high in August

AUSTRALIAN beef exports in August have hit a three-and-a-half year high, driven mostly by rapidly deteriorating seasonal conditions forcing more cattle to market. Not since December 2019 – 44 months ago, towards the end of the continental scale drought – have monthly beef exports been this large. Total beef exports to all destinations last month […]

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Australian Dollar forecast to remain low

Relative weekly exchange rates against the US dollar, selected economies   THE Australian dollar is expected to average US68 cents in 2023–24, relatively steady compared to the US67 cents in 2022–23, but 7 percent below the previous 5-year average, according to ABARES’ September quarter commodity outlook released today. Weaker than expected momentum in the Chinese […]

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