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.

Friday, 21 November 2014

Cattle & Lamb Slaughter Hits Record Highs

The ABS released its latest slaughter figures for September 2014 which showed pigs slaughtered remaining steady at a rolling annual 4.8 million.

Sheep are less in demand for food these days as the trend for mutton has dropped off, though slaughter still held steady at 10 million.

However, in better news for the livestock slaughter industry, rolling annual slaughter for both cattle and lambs broke new records at more than 9 million and 22 million respectively.


Surprisingly, Australia still slaughters 0.7 million calves per annum, with some reared for veal and other bobby calves deemed 'surplus to requirements' for the dairy industry in New South Wales, Victoria, Queensland and Tasmania. Explains the RSPCA:

"For cows to produce milk, they have to give birth to a calf every year. Most calves are separated from their mother within 12 hours of birth to reduce the risk of disease, and most do not stay on the farm for long.

The term ‘bobby calves’ refers to newborn calves that are less than 30 days old and not with their mothers. Essentially, they are surplus to dairy industry requirements as they are not required for the milking herd. This applies to all bull calves (males) and around three quarters of heifer calves (females). Each year, around 400,000 of these bobby calves are destined for slaughter."

While it may seem unfair to separate a calf from its mother at birth to be slaughtered, spare a thought for Australia's chicken fodder - at more than 550 million slaughters per annum, they don't even qualify for the livestock data. Half a billion wouldn't even fit on my chart anyway!

As a former meat-eater I don't expect to convert anyone to the vegetarian side of the fence but some change is afoot. 

Cleveland, Ohio has become the latest US city to pass a "Meatless Monday" resolution, following Washington DC and Los Angeles, urging residents to consider one meat free day per week in order to improve their health and their carbon footprint.

Something probably had to give - with animal slaughter in the US closing in on a ridiculous 10 billion per annum, and a huge proportion of those dead animals making their way into junk food, it's hardly a surprise to see Bloomberg Visual Data recording the United States as the heaviest adult population.

Mind you, Australians are threatening to take the lead. 

One can't help but feel quality has been sacrificed somewhere along the line and replaced by quantity.