beef price tracker

Water John

Wrangler the point Bass was making is that the link you posted is an article dated today
https://www.independent.ie/business/farming/beef/beef-prices/beef-prices-quotes-steady-as-factories-insist-virus-is-nothing-we-cant-handle-39029230.html?fbclid=IwAR1HaJbTWGCGVk-gu-4eKGRkfsguqOd_5jPfmYmpoWGV98-RN0yPzfpO77M

Buford T. Justice XIX

Water John wrote: »

Wrangler the point Bass was making is that the link you posted is an article dated today
https://www.independent.ie/business/farming/beef/beef-prices/beef-prices-quotes-steady-as-factories-insist-virus-is-nothing-we-cant-handle-39029230.html?fbclid=IwAR1HaJbTWGCGVk-gu-4eKGRkfsguqOd_5jPfmYmpoWGV98-RN0yPzfpO77M

March 12 2020 02:30 AM

That would be 13 hours before wrangler posted his link, lads.

Calm down or take a break.

BENDYBINN

Are people on here for real?
Supermarket shelves stripped bare of all types of beef.....demand unprecedented
Prices will only go one way and that’s up..
Farmers will be doing well to keep factories supplied.

charolais0153

Lad that works in a chicken factory i know said that orders are up 300%, mad too, youd think that people wilould be eating the same amount haha

Anto_Meath

People are pure made, I believe electrical shops cant keep chest freezers in stock.
Panic buying and in a few months then people will be flinging the lot out..

Dozer1

Shhh, I need a cheap s/h freezer don't be telling people its crazy to buy new ones

MIKEKC

BENDYBINN wrote: »

Are people on here for real?
Supermarket shelves stripped bare of all types of beef.....demand unprecedented
Prices will only go one way and that’s up..
Farmers will be doing well to keep factories supplied.

People are all stocked up, so won't need any more for a while. Why should prices go up?

BENDYBINN

MIKEKC wrote: »

People are all stocked up, so won't need any more for a while. Why should prices go up?

Yea all the shops are going to be empty tomorrow....everyone is all stocked up......the government should hire you!!

ruwithme

BENDYBINN wrote: »

Are people on here for real?
Supermarket shelves stripped bare of all types of beef.....demand unprecedented
Prices will only go one way and that’s up..
Farmers will be doing well to keep factories supplied.

Easy bendy, you have me heart racing reading that.

MIKEKC

BENDYBINN wrote: »

Yea all the shops are going to be empty tomorrow....everyone is all stocked up......the government should hire you!!

Crowds much smaller today, must be all stocked up. No improvement in cattle prices for next week

Hershall

MIKEKC wrote: »

Crowds much smaller today, must be all stocked up. No improvement in cattle prices for next week

Local here has pulled the quote by 5 cent for tomorrow

Cavanjack

I hear Bulls are back 10 cent from last week. This is the start of it.

Buford T. Justice XIX

Not a good indicator for beef prices in the short term.
https://twitter.com/farmersjournal/status/1240576970611740673?s=19

blue5000

Cavanjack wrote: »

I hear Bulls are back 10 cent from last week. This is the start of it.

All the lads that left the shed empty this winter can feel happy so.

BENDYBINN

blue5000 wrote: »

All the lads that left the shed empty this winter can feel happy so.

Their fields mighty be empty for the summer as well!

Water John

Well the cattle have to be somewhere?

BENDYBINN

Water John wrote: »

Well the cattle have to be somewhere?

They will be stayin where they are.....

Cavanjack

blue5000 wrote: »

All the lads that left the shed empty this winter can feel happy so.

The 40k kill last week doesn’t suggest too many left them empty. A couple of thousand calves included in that ok but still.

Panch18

McDonalds are closing all Irish outlets tomorrow

Biggest purchaser Of beef in Ireland I believe

This can’t be good for beef price

TooOldBoots

Panch18 wrote: »

McDonalds are closing all Irish outlets tomorrow

Biggest purchaser Of beef in Ireland I believe

This can’t be good for beef price

By the time this virus is gone we will be facing into more Brexit uncertainty. This should mean Beef will be on its knees again by the end of the Summer

morphy87

Panch18 wrote: »

McDonalds are closing all Irish outlets tomorrow

Biggest purchaser Of beef in Ireland I believe

This can’t be good for beef price

Not good I’d agree, but hopefully more people will eat burgers at home,quick and easy to cook and if you are going to McDonald’s and purchase a burger but if you go to a shop you more than likely will buy a pack, maybe six in a pack unless your dealing with a butcher, was talking to a butcher Friday he was never so busy, never sold as many Sunday roasts for this weekend in his career, so maybe the hit might not be to bad

RightTurnClyde

Panch18 wrote: »

McDonalds are closing all Irish outlets tomorrow

Biggest purchaser Of beef in Ireland I believe

This can’t be good for beef price

McDonalds UK aswell 1270 outlets.
Not good

Good loser

TooOldBoots wrote: »

By the time this virus is gone we will be facing into more Brexit uncertainty. This should mean Beef will be on its knees again by the end of the Summer

I think now that the Brexit hit will be pushed into next year.


Short term the sterling collapse will be significant.

Bass Reeves

RightTurnClyde wrote: »

McDonalds UK aswell 1270 outlets.
Not good

It hard to know what way food consumption will go. Fishing fleets are in port as at last auction fish were making less than the diesel cost to catch. All the talk is burger consumption will decline McD's closing and no burger after the Saturday soccer match. No steaks because restaurants closed.
Question is what will replace all these proteins. Chicken??. There is s lot of that sold by fast food joints and ready cooked out of Chinese and deli's in shops/supermarket's. However most of that comes from Thailand.
I think beef will hold its own. Supermarkets will not replace chicken on shelves sourced from EU farms with Asian product. Chinese demand for pork and chicken will raise again as crisis seems to be over there at present. If fish remains scarce beef should at least hold it own. Steaks are no longer expensive in shops. Pubs closed. Bolanaise on Tuesday, a couple of steaks on Thursday, Roast on Sunday as no trip to the shops or Grandparents, and leftover's on Monday or for sannies during the week. There might even be s bit for the dog or cat.

K.G.

Bass Reeves wrote: »

It hard to know what way food consumption will go. Fishing fleets are in port as at last auction fish were making less than the diesel cost to catch. All the talk is burger consumption will decline McD's closing and no burger after the Saturday soccer match. No steaks because restaurants closed.
Question is what will replace all these proteins. Chicken??. There is s lot of that sold by fast food joints and ready cooked out of Chinese and deli's in shops/supermarket's. However most of that comes from Thailand.
I think beef will hold its own. Supermarkets will not replace chicken on shelves sourced from EU farms with Asian product. Chinese demand for pork and chicken will raise again as crisis seems to be over there at present. If fish remains scarce beef should at least hold it own. Steaks are no longer expensive in shops. Pubs closed. Bolanaise on Tuesday, a couple of steaks on Thursday, Roast on Sunday as no trip to the shops or Grandparents, and leftover's on Monday or for sannies during the week. There might even be s bit for the dog or cat.

In the last recession, the cheap meat got dear and the dear meet got cheap.by that i mean people when they have little money will buy the cheaper type of meat so i think it will all come down to price per kilo.if chicken is the cheapest it will boom but if beef is the dearest it will get cheaper.i m not sure which is the most expensive to the consumer but iknow that beef is the most expensive to produce here.beef farmers are making nothing at 3.60 a kilo where as the break even for pigs is around half that or less.google tells me chicken is around 1.70 a kilo.so reading from that the outlook mightn't be great.it all depends on how much effect this has on the world economy.the truth is i dont have a bulls notion how all this is going to pan out though

Bass Reeves

K.G. wrote: »

In the last recession, the cheap meat got dear and the dear meet got cheap.by that i mean people when they have little money will buy the cheaper type of meat so i think it will all come down to price per kilo.if chicken is the cheapest it will boom but if beef is the dearest it will get cheaper.i m not sure which is the most expensive to the consumer but iknow that beef is the most expensive to produce here.beef farmers are making nothing at 3.60 a kilo where as the break even for pigs is around half that or less.google tells me chicken is around 1.70 a kilo.so reading from that the outlook mightn't be great.it all depends on how much effect this has on the world economy.the truth is i dont have a bulls notion how all this is going to pan out though

In a normal recession people have way less money to spend. Admittedly I am only looking at the short term. In the short term a lot people will be working from home spending less on diesel and on latte's. Government's are paying larger income supports, no pubs and no social gathering.

It interesting that at present you cannot buy flour in shop's. Is this because people are so badly off they have to do there own baking. With more time on there hands and more mini for alot of people buying decent food may be the luxury they choose

kk.man

The price around the ring better fall now... It will be the biggest wake up in Spring Marts in a number of years.

Oil now trading at 25 usd a barrel.

Robson99

kk.man wrote: »

The price around the ring better fall now... It will be the biggest wake up in Spring Marts in a number of years.

Oil now trading at 25 usd a barrel.

Watch the factories drop the price now and Hoover up everything in the marts even if the have to give over the odds.
They always prefer to give it in the mart rather than at their gates

bogman_bass

kk.man wrote: »

The price around the ring better fall now... It will be the biggest wake up in Spring Marts in a number of years.

Oil now trading at 25 usd a barrel.

I wouldn’t like to be buying big CH cattle this year. With hotels closed the market for big carcass’s is gone. Demand from the supermarkets is up but now it’s tge only game in town

K.G.

Bass Reeves wrote: »

In a normal recession people have way less money to spend. Admittedly I am only looking at the short term. In the short term a lot people will be working from home spending less on diesel and on latte's. Government's are paying larger income supports, no pubs and no social gathering.

It interesting that at present you cannot buy flour in shop's. Is this because people are so badly off they have to do there own baking. With more time on there hands and more mini for alot of people buying decent food may be the luxury they choose

If you told people a month ago that there d be no plane in the sky ,now its accepted