Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go Hmmm...one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Saturday, 12 April 2014

Steaks running high

Showtime

Went to the Easter Show today at Sydney Olympic Park which was very well attended, well organised and altogether pretty good despite the intermittently inclement weather (although I personally don't enjoy watching livestock getting booted around, but hey, that's just me).

Some of the highlights included a 366 kilogram prize pumpkin, the traditional wood-chopping events, motocross and riding stunts and some outstanding food stalls. 



On the flip side, these events do tend to be a bit of challenge for vegetarians.


Back to this week's data

Anyway, without further chewing of the cud, let's ketchup with this the rest of week's data, with the Australian Bureau of Statistics releasing its livestock and meat slaughter figures for February 2014.

And what a bullish print it was, too.

Without milking it for seasonal adjustments, the slaughter results for the month of February 2014 included an udderly predictable 744,177 cattle and a slightly more moo-ted 41,155 calves, a baarely believable 1,069,653 sheep, 1,820,254 lambs and a rip-snorting 372,039 pigs (click chart).


Clear signs of herd mentality in the market there, with the stampede for lambs notably down pat.

In terms of rolling 12 monthly trends for lambs and sheep, after slaughter rates had threatened to go out to pasture in recent years...well, Australia is now really going hell for leather.

These meatier results show slaughter rates moving back above 30 million sheep per annum, more than one for every person in the country's population...shades of the greater foal theory perhaps? (click charts).



In any case the livestock and meat stats from the ABS are poultry stuff when compared to the genuinely fowl data which is not captured here. 

Australia slaughters more than half a billion chickens - that's more than 500,000,000 - each year, with only around only 15% of them free range. Most are reared for slaughter under intensive conditions and thus reach slaughter weight at only 5-7 weeks of age.

Are there no limits to the scale of human achievement?