Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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'.

Wednesday, 10 February 2016

Meat production

As promised at the weekend, a quick look at the final livestock and meat figures for 2015.

Total livestock slaughtered over the year remained flat at 55 million.

Total red meat production volumes were also flat year-on-year at 3.6 million tonnes, although this represents an increase of around 15 per cent since 2011.

The main producers by tonnage were Queensland (36 per cent), Victoria (24 per cent), and New South Wales (22 per cent).

According to a report from big Dan Petrie of Bloomberg yesterday, the big uplift since 2011 has largely been driven by exports to China, with beef sales rising sixfold over the past three years. 

The lower dollar has also seen the price for volume shipped jump by 37 per cent in only 12 months, a point which I put into some context back in November from trawling through the International Trade figures.

China is expected to eat another 2.2 million tons of beef per year by 2025, while earnings from beef exports totalled $15 billion last year, representing another important aspect of Australia's challenging transition away mining.