Will cattle prices rise?

reilig

Interesting articles in today's IFJ. Egypt is set to open their markets again for live irish exports for the first time since 2000. Aparantly, with the increase in global cattle prices and the global shortage of cattle, they see Ireland as a place where they can source cattle at lower prices than the places that they currently source it. In 1995, at our peak of exports, we were sending 176,000 live cattle to Egypt per year. Do you think that this could be a step in the right direction to secure long term viable prices for our animals?

Another article suggests that the uk's demand for beef is increasing, but their output is down by 4% this year. With the uk being one of our biggest markets for processed beef, could this hammer out better factory prices for our beef? (I say that cautiously :rolleyes:)

Opinions?

Tora Bora

reilig wrote: »

Interesting articles in today's IFJ. Egypt is set to open their markets again for live irish exports for the first time since 2000. Aparantly, with the increase in global cattle prices and the global shortage of cattle, they see Ireland as a place where they can source cattle at lower prices than the places that they currently source it. In 1995, at our peak of exports, we were sending 176,000 live cattle to Egypt per year. Do you think that this could be a step in the right direction to secure long term viable prices for our animals?

Another article suggests that the uk's demand for beef is increasing, but their output is down by 4% this year. With the uk being one of our biggest markets for processed beef, could this hammer out better factory prices for our beef? (I say that cautiously :rolleyes:)

Opinions?

Doubt opening of Egypt market, will have much positive effect on prices here. At best I'd say, it will help delay and minimize the potential for Larry and the boys to reduce Irish prices from where they are currently.

I have a mate living in Egypt, who tells me, the economy is really in bad shape, since the plebs rose up to get rid of Mubarak and his cronies.
The real trouble being, the new shower are proving to be worse then the old shower in terms of corruption and keeping the wealth of the country for a very small few.

pakalasa

I knew a guy once who's summer job was working in one of Larry Goodman's factories. He had to take meat out of cardboard boxes, re stamp a new date and repackage it again. To make it worst, his father was the local Garda Sergeant. The meat was destined for Egypt. Only in Ireland.:rolleyes:

irishh_bob

pakalasa wrote: »

I knew a guy once who's summer job was working in one of Larry Goodman's factories. He had to take meat out of cardboard boxes, re stamp a new date and repackage it again. To make it worst, his father was the local Garda Sergeant. The meat was destined for Egypt. Only in Ireland.:rolleyes:

reminds me a of a story i read in the paper some time ago , during the russian war in chechnya , the russian soldiers were ( unwittingly ) fed horse meat

hopefully goodmans meat came from the right animal :eek:

Tora Bora

irishh_bob wrote: »

reminds me a of a story i read in the paper some time ago , during the russian war in chechnya , the russian soldiers were ( unwittingly ) fed horse meat

hopefully goodmans meat came from the right animal :eek:

Version of that story I read, was that they were fed dog food:D

bob charles

As In said time and time already, last months cattle prices could be considered cheap this month and a steal altogether next month. If your not in you cant win, the higher beef price the more money that in it for all up along the chain, long may it continue even if its costing an arm and a leg to buy animals

reilig

bob charles wrote: »

As In said time and time already, last months cattle prices could be considered cheap this month and a steal altogether next month. If your not in you cant win, the higher beef price the more money that in it for all up along the chain, long may it continue even if its costing an arm and a leg to buy animals

I have to agree with you Bob. Hopefully this talk of developing markets will instill a bit more confidence into buyers and encourage them to part with that extra few €

pakalasa

foundation10

Just remember beef is a commodity and like any other commodity price will be dependant on supply and demand.

Muckit

irishh_bob wrote: »

reminds me a of a story i read in the paper some time ago , during the russian war in chechnya , the russian soldiers were ( unwittingly ) fed horse meat

hopefully goodmans meat came from the right animal :eek:

I've the same suspicions the odd Friday night I get an Indian.

'Lamb' Rogan Josh...... those spices hide a multitude........tasty though

vanderbadger

Muckit wrote: »

I've the same suspicions the odd Friday night I get an Indian.

'Lamb' Rogan Josh...... those spices hide a multitude........tasty though

was in China a few years back..we seemed to get alot of "chicken " at dinner time....
you are better off not knowing what goes on in the kitchen I reckon

Muckit

England has, and always will be one of our biggest importers of our meat. It's down to geography and economics, at the end of the day. Less boat miles etc.

Italy, Nigeria, Eygpt etc will always only make up a small precentage. I suppose like all high end markets, it'I help rise the 'price tide' for us all

litecoors

look at irishh bob post 4th from top on 18-08-2011

whelan1

i never noticed irish bob is banned:eek:

maxxuumman

Get him back to do weather forecasting

pakalasa

whelan1 wrote: »

i never noticed irish bob is banned:eek:

I think he got thrown out the front door, but came back in again wearing another jacket.

whelan1

pakalasa wrote: »

I think he got thrown out the front door, but came back in again wearing another jacket.

now i'll have to put my thinking cap on to identify him....its taking away from doing my profit monitor