beef price tracker

darragh_haven

I have 10 to go tomorrow. My dad is dealing with the agent/hauler as I'm up the country with the day job. But we were hoping to get €4/kg he confirmed it this morning. But a cut to €3.95 for anything after that.
I'll have nothing else to go until the end of February then, and hopefully there might be a price jump by then.

The 2 different factory we deal with are only killing 3 days this week. And most likely the same next week

Bass Reeves

Robson99 wrote: »

Seems to be the case and talk of more next week. Time for the farmers to dig the heels in

Kill did not recover last wekk still at 32Kish. Moved last week got 4.05 even though the talk was only 4.00 available. Was only a single and not even full at that. Article in the FI today that chills are virtually empty and that procurement agents are asking agents to access amount of cattle being fed at present.

For winter finishing processpors are there own worse enmwey at the moment. I got kinda caught to finish these they came in very cheap ( and very light) 15 months ago and were going over 36 months this spring and I could not finish off grass had a rig as well and a LM bullock and bullock taht were age caught as well. Even though they left a few bob I will try to avoid winter finishing next year if possible.

IMO you need a base of over 4/kg before Christmas and 4.2 in the new year to amke winterfinishing worth while. With them treatening 3.9/kg at the moment you are looking at over 100 euro/head. I wonder are they trying to drop the store price to refill there sheds. At thsi time of year the small finisher, lad finishing 10-20 cattle during the winter becase these lads make up a huge amount of the kill thsi time of year.

gerryirl

Cavanjack wrote: »

Yeah the scales is some job. Even for dosing, it's unreal the weight difference in the same batch of cattle. Your weanlings are doing well so. Will You cut the meal out a few weeks before they get out?

yes for sure dont want them too soft going onto grass.Bloody meal is gone up too. The super beef Im feeding is gone up to €300 a tonne.

Yes the scales is a great job.There not cheap but as you say you'd not tell the difference in some of them unless you weighed them. I find it great when going to the mart, you know to about 20kgs what weight they are and can have a price in your head going into the box going on the trade on the day.

Willfarman

Cold snap will test the ffers. South east quoting 3.95 today I'm told but the lads in the know weren't panic selling last week and are unlikely to be taking a hit this week. Be back on 4€ for monday.. and the rag can report "a rise"..

Snowfire

Willfarman wrote: »

Cold snap will test the ffers. South east quoting 3.95 today I'm told but the lads in the know weren't panic selling last week and are unlikely to be taking a hit this week. Be back on 4€ for monday.. and the rag can report "a rise"..

Is there going to be a glut of under 24 month fr and frx bulls hitting the factory gates over the next few weeks tho, ?

blue5000

Snowfire wrote: »

Is there going to be a glut of under 24 month fr and frx bulls hitting the factory gates over the next few weeks tho, ?

I don't think so, a lot of those were castrated and will go to grass over the summer. Might be a bit more of them down south in strong dairy areas, like Cork, a good few were housed early last summer and slaughtered before xmas too. Just my 2 cents and what is happening round here anyway.

MfMan

Latest?

Jjjack77

MfMan wrote: »

Latest?

3.95 for bullocks monday

darragh_haven

Jjjack77 wrote: »

3.95 for bullocks monday

Got €4/kg on Tuesday for bullocks.

poor farmer

3.85 for o grade bulls 23 months old on Tuesday.

Hershall

MfMan wrote: »

Latest?

3.95 / 4.05 next week midlands

Hard Knocks

Have 2 CH cows both 700kg, 1 well fleshed & the other good but not as good
What they worth?

locha

Got 4.00 base for a load of steers yesterday.

kk.man

A friend of mine had a load of Hereford steers got 3.95 base during the week.

kk.man

kk.man wrote: »

A friend of mine had a load of Hereford steers got 3.95 base during the week.

Excl bonus.

Robson99

Talk of another 5 cent cut next week. F***ERS

White Clover

Robson99 wrote: »

Talk of another 5 cent cut next week. F***ERS

Cattle must be scarce.

Wes Palmer Lee

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

Hershall

Wes Palmer Lee wrote: »

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

3.90 for bks midlands........

darragh_haven

€3.90/kg for bullocks in cork too

Willfarman

South east too.

riemann

Wes Palmer Lee wrote: »

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

Don't bank on it.

darragh_haven

I've been reading up a small bit on the Mercosur negotiations. I thought this deal was dead in the water a few months ago, but it seems to be back on track again now.
If there is a deal struck, it'll be the end of me beef farming. And I'm cutting some of my losses as it is in the current climate without any deal being done. Prices are just septic at the moment. €3.85/kg being offered for bullocks next week

wrangler

I'd imagine the processors are making a lot more that the headline of the IFJ

kk.man

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

wrangler

kk.man wrote: »

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

Unless my maths is wrong, they'd be making a loss if they increased the price by 10c/kg .

kk.man

wrangler wrote: »

kk.man wrote: »

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

Unless my maths is wrong, they'd be making a loss if they increased the price by 10c/kg .

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Base price

kk.man wrote: »

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Where is this supermarket?

wrangler

kk.man wrote: »

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Supermarkets have us chasing our tails and not a thing we can do about it
Despite what ICSA say, the fifth quarter is built into the price per kilo,they're not getting it free.
The difference in demand for sheep skins can be +/- 20c/kg in lambs

Fireside Solicitor

I think the Journals analysis is a bit high level. He takes two published accounts and uses their public margin to estimate the 5 big boys.

In the published accounts the operating profit is AFTER all sorts of accounting gimmicks like Directors costs, management charges and tax management recharges (profit shifting), the only element of these you can see are Directors costs from the published accounts, the rest can be legitimately buried in the various cost lines in the accounts. Do you honestly think these two companies would release true margins - no different to 99% of other large private companies they try to suppress profit disclosure for various reasons.

The point they make about interest costs is interesting. Meat processing companies have phenomenal cash flow so they tend to borrow a lot of debt and use that debt to ultimately pay their shareholders lots of €. The beaut is that the interest cost is fully tax deductible. You don’t think Larry G has hired an army of big guns from KPMG for the good of his health?