Point in Time: A Defining Moment for Australian Rugby

Point in time – There are moments in sports that resonate deeply, regardless of personal allegiances. One such moment occurred at the end of the recent match between the Wallabies and Argentina. Captaining the Australian team, Harry Wilson—son of Cameron from Elders Livestock Queensland—opted to forgo three consecutive penalty goals, choosing instead to pursue a win rather than settle for a draw. In his words, “Full credit to the team. We could have gone for goal and taken the draw. It was a tough game, but everyone believed we could finish the job.”

It’s refreshing to witness such a spirited approach, reminiscent of a time when Australian sports were marked by passion and accountability. Many long-time sports fans, both in the city and the country, must feel proud as the Wallabies reclaim their place on the map. Kudos to the team for their courageous choice!

Social Oddity: The Changing Landscape of Retail Theft

Recently, I came across articles discussing the theft of meat within supermarkets, raising eyebrows on this modern-day anomaly. Historically, checkout attendants acted as a deterrent to high-volume shoplifting.

Just a few years ago, a supermarket executive explained, “We expect to lose $200 million, but the staff savings equate to $400 million.” This perspective made sense, yet it begs the question: why are taxpayers now contributing to police resources for a loss that once fell on the shoulders of supermarket staff?

The $400 million saved on staffing is now banked, so how will the ongoing annual loss of $200 million be addressed? This remains a conundrum, and I anticipate there’s a straightforward answer lurking beneath a layer of business economics.

EUDR and Deforestation Regulations

Recent developments call for EU producers to enhance the geolocation information within the NLIS system. It has become clear that this requirement encompasses hides, skins, fellmongered wool, and by-products, urging all producers to integrate their geolocation into the NLIS system. The European Union remains a significant market for hides and leather used in fashion and automotive industries.

Additionally, domestic retailers are now seeking this information to meet consumer expectations for product provenance. Adding your property’s location to the Property Identification Code (PIC) is a simplistic task requiring just a few moments of your time. Log into myMLA or consult with your agent to ensure compliance sooner rather than later.

Toppy Prices: An Overview

The market still shows high prices for backgrounding sheep and cattle. In Bendigo, 40kg second-cross store lambs have reached $250, while well-bred weaners in NSW consistently hit $6–$6.50. This isn’t a bid to depress the market, but a reminder to remain cognizant of end prices. As new seasonal lambs come to market, processor prices are likely to soften.

Current grid prices do not align well to foster margins at these purchasing rates. With spring underway, the expectation of supply and quality improvement looms on the horizon. It’s crucial to conduct diligent calculations as weight gain doesn’t always yield ideal returns.

Around the Traps

Mick Laidlaw from StockCo SA took advantage of an aerial journey over Lake Eyre, expressing delight in the views and particularly the abundant feed available in the Warburton, Cooper, Goyders Lagoon and Clifton Hills areas.

Luke Nevins FP Nevins, Inglewood, Vic observed that recent rains have impacted supply in Bendigo, causing initial reductions in lamb market prices, which later stabilized, with quality suckers reaching $395 and strong demand for store lambs.

Clint Wardle West Coast Livestock, WA reported significant declines in sheep numbers after the lengthy live export campaign, although hook prices remain historically high. He has noted that the upcoming Kondinin sale aiming for a yarding of 8000 is an excellent opportunity to showcase outstanding quality.

Andrew Peadon, Andrew Peadon Agencies, Trangie noted that the Spring Feature female sale is set for October 10 in Dubbo, anticipating large runs of cows and quality PTIC heifers and cows. With NSW’s season in full swing, opportunities abound.

Additional insights from industry leaders highlight fluctuations in livestock prices, upcoming sales, and market challenges, all underscoring a dynamic landscape of cattle and sheep trading.

Conclusion

As we navigate through the complexities of market demands, operational strategies, and innovations within the industry, one thing remains certain: opportunities abound for those who can adapt and make informed decisions. Whether it’s structuring livestock sales or addressing evolving consumer needs, collaboration and insight are paramount.

Chris Howie is a regular contributor for Beef Central and Sheep Central and serves as the CEO of RMA.