Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

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Tuesday, 10 May 2016

Beef production keeps falling

What's the beef?

Beef production and shipments has continue to decline in line with forecasts, with beef production down by 16 per cent over the year to March 2016, and Aussie beef prices rising faster than US prices. 

The US market in particular has been taking much less Australian beef, with Australian exports plumbing three year lows and year-on-year beef exports down enormously by nearly a quarter.  

There has also been a huge decline in veal production of more than 46 per cent over the year to March.

The impact of the decline in meat production is most keenly felt in Queensland (-16 per cent) as by far the largest producer of red meat (though you'd hardly know it from the revolting, stomach-churning cattle trains trundling through Brisbane, seemingly miles long and way overcrowded).

In rolling annual terms red meat production tonnages are also down significantly year-on-year in New South Wales (-14 per cent) and Victoria (-16 per cent). 

Overall total livestock slaughter has pulled back a little to around 54 million over the year to March 2016.

Note that the livestock slaughter totals exclude the 550 million or so chickens, which are classified as...erm, not sure, fodder or something.

Housing finance data is due out tomorrow morning, which is much more to my taste, tbh!