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Top related persons:
Peter Hobson - 2 Steve McGuire - 2 Angus Hobson - 1 Angus - 1 Hobson - 1 Stuart Austin - 1 Wilmot - 1 Angus Gidley - 1
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Australia New South Wales United States Delegate Angus Hobson's Australia's El Nino Japan
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Livestock Australia - 4 Livestock - 2 Farmers - 2 Thomson - 2 CNBC - 2 Australia - 2 New - 1 REUTERS - 1

Search resuls for: "Livestock Australia"


4 mentions found


☆ Australian sheep, cattle prices slump as El Nino scorches pastures
  + stars: | 2023-11-29 | by ( Peter Hobson | ) www.reuters.com   time to read: +6 min
After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.
Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha
☆ Australia has too many sheep – and farmers are giving them away for free
  + stars: | 2023-11-23 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Australia's mutton glut sent prices tumbling, and some farmers are culling or giving away their sheep to save costs instead of rearing them on-farm. Mutton prices have slumped 70% over the past year to $1.23 per kg, data provided by Meat and Livestock Australia (MLA) showed. Driving the large sheep flock were three years of above-average rainfall in Australia's sheep regions, such as New South Wales and Victoria. "Farmers have [since] seen a massive fall in profitability … Many sheep may not have a market which could lead to farmers destroying animals," Steve McGuire, vice president of agricultural advocacy group WAFarmers, told CNBC. He added that farmers would much rather give the animals away than cull them, but there hasn't been many takers for the free sheep.
Persons: Tim Jackson, Andrew Spencer, Steve McGuire, hasn't Organizations: Meat, Livestock Australia, Sheep Producers Australia, CNBC, Farmers Locations: Australia, New South Wales, Victoria
☆ Australia has so many sheep that some farmers are culling their flocks or giving them away
  + stars: | 2023-11-23 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +2 min
The Australian sheep industry is facing a crisis as farmers cull and give away sheep for nothing. AdvertisementAustralian farmers have more sheep than they can cope with and are culling livestock or giving them away for nothing, CNBC reported. With some slaughterhouses at full capacity, farmers are now culling or even giving away sheep for nothing to try to reduce the cost of rearing their flocks. Australia is one of the world's leading exporters of lamb and the current crisis has pushed global wholesale meat prices down. However, sheep ranchers from 15 states have recently moved to limit imports, arguing that Australian lamb has "decimated the United States commercial sheep industry."
Persons: —, Steve McGuire Organizations: Australia, Service, CNBC, Livestock, Bloomberg, Livestock Australia, Guardian, United Locations: Livestock Australia, El, Australia, United States
☆ Farm groups call on Australia to not sign 'dud' trade deal with EU
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +2 min
CANBERRA, Oct 23 (Reuters) - Australian farm industry groups on Monday called on the government to not sign a trade deal with the European Union unless it offered much greater market access for Australian agricultural products. Australia, one of the world's biggest exporters of farm goods from wheat and beef to wool and wine, has been negotiating a trade deal with the EU since 2018. "The message from Australian farmers is clear and united: if it's a dud deal, keep the signing pen in your pocket." Farrell said in a statement that he had made it clear that Australia wants a trade agreement with the EU, but not at any cost. While Australia wants access to EU markets for its farm output, much of which is now subject to tariffs and quotas, the EU is likely to gain simplified investment access to Australia's critical minerals industry.
Persons: Don Farrell, Farrell, Fiona Simson, Peter Hobson, Jamie Freed Organizations: CANBERRA, European Union, Trade, EU, National Farmers ' Federation, Livestock Australia, Australia, Reuters, Thomson Locations: Australia, Canberra, Osaka
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