Blog Post

ASIC taking further enforcement action to combat scams

ASIC Chair Joe Longo, who released the regulator’s latest Corporate Plan this week, said that despite progress to strengthen enforcement outcomes in 2022-23, there is “still work to do”. “We are responding to key trends and emerging issues in the regulatory landscape, where there are major shifts across sustainable finance, the digital and data economy, […]

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First full year loss in four years for Wellard

A run of three consecutive profitable financial years for livestock ship owner and charterer Wellard has come to a halt with a large loss reported overnight for the 2023 financial year ended June 30. Wellard posted a net loss after tax for the 2023 financial year of A$24 million ($US15.5m), which compared to the previous […]

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Brazilian beef giant Minerva buys 16 meat plants from rival, Marfrig

BRAZILIAN beef giant Minerva has bought some of South American competitor, Marfrig’s meat processing facilities, in a deal worth US$1.54 billion (about A$2.4 billion). The deal involves 16 of Marfrig’s beef and lamb processing facilities, in a deal that will significantly change the company’s profile in South America. Headquartered in São Paulo, Marfrig is the […]

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MU study shows how brucellosis impacts the brain

Brucellosis is a disease, caused by the members of bacterial Brucella family, that mainly infects cattle, goats and sheep, leading to pregnancy loss, which has caused billions of dollars in economic losses for livestock producers worldwide. The disease can also jump from animals to humans, mainly through consumption of unpasteurized dairy products or inhaling the spores from […]

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Under sustained pressure, EYCI falls below 500c/kg

THE Eastern Young Cattle Indicator has pushed below 500c/kg, carcase weight equivalent, for the first time since the tail-end of the drought in January, 2020. Heavy turnoff of all cattle – young stock included – due to seasonal pressure across eastern Australia, and the prospect of more dry times ahead, has forced a sustained decline […]

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