Milk Price- Please read Mod note in post #1

pedigree 6

How long can you realistically store the powder for before it goes basically beyond it's sell by date?

Milked out

http://www.agriland.ie/farming-news/hogan-set-to-agree-e300m-dairy-support-package/

Greengrass1

http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11508993&ref=NZH_Tw

pedigree 6

Greengrass1 wrote: »

http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11508993&ref=NZH_Tw

Mad aint it that on same paper they talk of farmers donating silage to other farmers affected by flooding. I'm glad I live in a country not affected by extreme weather conditions but I'm only speaking for myself, I don't know how other farmers around the country are managing. I think it's terrible that we have to rely on other farmers misfortune around the world to get a sensible income for ourselves:mad:. We are being conditioned to hope for other farmers going broke around the world and in our own country. It's turning everyone into selfish gits.

RightTurnClyde

I thought there was supposed to be a big cow cull in NZ. They're not pulling back yet
http://bit.ly/1iucVIa

jaymla627

RightTurnClyde wrote: »

I thought there was supposed to be a big cow cull in NZ. They're not pulling back yet
http://bit.ly/1iucVIa

They more then likely forgot to mention in the media that despite the record cull cow number's, their was also a record crop of incalf heifers coming through to replace them haha, they're getting a really bad spring in Southland by all accounts, and theirz a el nino predicted so hopefully that will peg them back, it's their production in the oct/nov/dec months that's the real indicator of supply out their

WheatenBriar

I was told today Glanbia's plant in Belview has temporarily stalled producion for a few months due to a stockpile of unsold product, is that the case?
Remind me again how shareholders and suppliers were 'persuaded' again that investing 10's of millions of our own money via the co op in that plant was a good idea and the leading milk price it would bring?

The people telling us that at the time will of course be getting bonuses, I suppose
Feel codded now?

Greengrass1

WheatenBriar wrote: »

I was told today Glanbia's plant in Belview has temporarily stalled producion for a few months due to a stockpile of unsold product, is that the case?
Remind me again how shareholders and suppliers were 'persuaded' again that investing 10's of millions of our own money via the co op in that plant was a good idea and the leading milk price it would bring?

The people telling us that at the time will of course be getting bonuses, I suppose
Feel codded now?

The next meetings glanbia hold will be fairly rough I reckon

mahoney_j

Greengrass1 wrote: »

The next meetings glanbia hold will be fairly rough I reckon

Proper order considering outlay of money spent and current milk price there paying milk price is only thing most farmers worried about

jaymla627

WheatenBriar wrote: »

I was told today Glanbia's plant in Belview has temporarily stalled producion for a few months due to a stockpile of unsold product, is that the case?
Remind me again how shareholders and suppliers were 'persuaded' again that investing 10's of millions of our own money via the co op in that plant was a good idea and the leading milk price it would bring?

The people telling us that at the time will of course be getting bonuses, I suppose
Feel codded now?

Heard that too, would explain the sea of glanbia lorries heading through the local town night and day, up to ballyragget

Brown Podzol

As long as I'm supplying Dairygold, and that's not today or yesterday,I'm investing for the future. Tired of trotting after that auld carrot now.:) We must be going to have a glorious future as we are investing so much we are now getting the lowest price in the country.

Panch18

WheatenBriar wrote: »

I was told today Glanbia's plant in Belview has temporarily stalled producion for a few months due to a stockpile of unsold product, is that the case?
Remind me again how shareholders and suppliers were 'persuaded' again that investing 10's of millions of our own money via the co op in that plant was a good idea and the leading milk price it would bring?

The people telling us that at the time will of course be getting bonuses, I suppose
Feel codded now?

Sorry but I just don't get that argument (about building the plant now, not on price)

How exactly was Glanbia going to process all this extra milk without investing in additional plant?? They were pretty stretched as it was

Or is it just a moan at Glanbia for the sake of moaning??

jaymla627

Panch18 wrote: »

Sorry but I just don't get that argument (about building the plant now, not on price)

How exactly was Glanbia going to process all this extra milk without investing in additional plant?? They were pretty stretched as it was

Or is it just a moan at Glanbia for the sake of moaning??

The plant was needed but why was the house put on baby milk powder to China coming good, it's also madness trucking milk from the arse end of Waterford up to ballyragget while passing by a 180 million euro plant that now is mothballed till spring by the looks of it

Panch18

jaymla627 wrote: »

The plant was needed but why was the house put on baby milk powder to China coming good, it's also madness trucking milk from the arse end of Waterford up to ballyragget while passing by a 180 million euro plant that now is mothballed till spring by the looks of it

And how come we never heard these arguments last year about China and baby powder?

Or did no one give a damn when they were getting paid 40 cent or more a litre

It seems to me that dairy farmers are looking for somebody/anybody to blame for the current crap price - BUT that is the risk you take when you pursue the "free market"

atlantic mist

our milk has been goin to belview since it opened, its back goin to ballyragget last few weeks. its only ticking over since completion and from what i was told they are very worried about not gettin the milk to have plant running efficiently (i cant see that being a big problem unless they keep to the bottom of milk price leagues in which case id prefer to look at empty land than an empty bank account, finding premium buyers/if thats what they are even trying to do is my worry).
most of the milk processed has went into dog food, and there is reason for the madness its to ensure plant is working correctly for when formula production commences.. im sure this hasnt helped the milk price as dnt think we get a premium price for supplying dog food even thou it is ridiculously expensive
still cant figure out y we cant brand infant formula ourselves and sell it out of our shiny new factory it wouldnt always be new/state of the art, dont know y we are not maximizing our value chain by cutting out unnecessary middlemen

WheatenBriar

Panch18 wrote: »

And how come we never heard these arguments last year about China and baby powder?

Or did no one give a damn when they were getting paid 40 cent or more a litre

It seems to me that dairy farmers are looking for somebody/anybody to blame for the current crap price - BUT that is the risk you take when you pursue the "free market"

Ah balderdash,there were plenty of cautious voices out there at the time except there was a spin out,the first in what 15 years, to sweeten most of the voices
No coincidence that that was needed
What would the shares sold to build the plant be worth today if spun out to farmers now or used to support milk prices eh?

blackdog1

Panch18 wrote: »

Sorry but I just don't get that argument (about building the plant now, not on price)

How exactly was Glanbia going to process all this extra milk without investing in additional plant?? They were pretty stretched as it was

Or is it just a moan at Glanbia for the sake of moaning??

Dairygold are building in stages not just 1 big plant straight away. That being said we're still bottom of league even with our cautious approach

Panch18

WheatenBriar wrote: »

Ah balderdash,there were plenty of cautious voices out there at the time except there was a spin out,the first in what 15 years, to sweeten most of the voices
No coincidence that that was needed
What would the shares sold to build the plant be worth today if spun out to farmers now or used to support milk prices eh?

Show me some examples of these voices, wherever they were

Spinning out shares to support milk price instead of building plant?? Seriously

Panch18

blackdog1 wrote: »

Dairygold are building in stages not just 1 big plant straight away. That being said we're still bottom of league even with our cautious approach

So the difference between phased building and all upfront is??

The fact of the matter is that the milk price is s##t worldwide, there is no getting away from that

rangler1

Panch18 wrote: »

So the difference between phased building and all upfront is??

The fact of the matter is that the milk price is s##t worldwide, there is no getting away from that

Market has to be allowed settle, supply/demand has to be equal, under pinning price would only cause chaos.
Survival of the fittest from now on
When the BSE was rampant Dr Pat Wall use to say BSE stood for Blame Someone Else....rings true today eh:(

WheatenBriar

Panch18 wrote: »

Show me some examples of these voices, wherever they were

Spinning out shares to support milk price instead of building plant?? Seriously

Plenty at the information meetings up my way
Revisionist to pretend there weren't any

It was expressed at the time that the plc end of the business promoted using the handy resources of the co op to build that plant in order to reduce their exposure to the low margin business yes

By the Way I said spinning out shares or using them to support price which the GII are having the co op do now anyway on a smaller level

So answer the question what would the shares sold to build that plant be worth today to farmers in a bigger spinout had the plc built the plant?

And dont tell me that the spin hasnt been put on this years spin out that it will help farmers expand, that has been said so the value of the farmers co op shareholding in growing (now it's defending) their business has always been promoted lately

blackdog1

Panch18 wrote: »

So the difference between phased building and all upfront is??

The fact of the matter is that the milk price is s##t worldwide, there is no getting away from that

Phased building means if you think your gonna need 60% more capacity you build enough for 20% then another 20% and so on. So you're not over investing and spending millions on dryers you might not need.

kevthegaff

Talking to glanbia supplier, talk of 24c plus top up. He said 24 for remainder of year.

pedigree 6

kevthegaff wrote: »

Talking to glanbia supplier, talk of 24c plus top up. He said 24 for remainder of year.

Ah for Ffs. Will someone talk to Glanbia board members and ask them what's going on?

kevthegaff

pedigree 6 wrote: »

Ah for Ffs. Will someone talk to Glanbia board members and ask them what's going on?

Not concrete but doesn't bode well if true

Milked out

Do the the coops sell much thru ornua?. ppi index suggest a price of 26.9 at farm gate according to journal. All well and good saying the gdt is down which obviously isn't good but we don't sell anything on that platform

whelan2

kevthegaff wrote: »

Talking to glanbia supplier, talk of 24c plus top up. He said 24 for remainder of year.

There was talk in June of glanbia milk price being24c in september,how anyone knows this I do not know, will wait and see

RightTurnClyde

whelan2 wrote: »

There was talk in June of glanbia milk price being24c in september,how anyone knows this I do not know, will wait and see

As far as I know, in June the spot price was 24c. Forward selling earlier on in the year and last year was what was keeping it up over 24c. That forward selling is now running out so we're now hitting market reality. That's how they were predicting the Sept price in June.

kowtow

Milked out wrote: »

Do the the coops sell much thru ornua?. ppi index suggest a price of 26.9 at farm gate according to journal. All well and good saying the gdt is down which obviously isn't good but we don't sell anything on that platform

We're also selling at least a little into intervention, I think when I tried to work it out earlier in the week I reckoned Irish product going out at the higher end of an equivalent range from at 21-25c but for the life of me I can't remember how I came to that conclusion!

Will try and figure it out again and see if I get the same result. Might write it down if I do.

mf240

Think ill buy a heap of calves and rear them in protest.

At this rate ill have to sell the roof of the cubicles and put the mother on a three day week