Milk Price- Please read Mod note in post #1

jaymla627

Pretty bleak price for April milk here glanbia supplier with no shares so working of a base of 28.5 came out with 29.29 cent at 3.45 p and 3.7 bf down approx 1350 euro compared to nearly every other co-op at the minute on my April milk...

wats the craic

kevthegaff wrote: »

Isv29.5 for may milk?

the base is 29.5 plus vat . which brings it up to 31.03 my bf is 3.95 prot 3.40 . my total milk price is 33.125. that includes my scc bonus of .25cent a lt

Greengrass1

34c @ 3.63 p and 4.25 bf

wats the craic

Greengrass1 wrote: »

34c @ 3.63 p and 4.25 bf

do that include the coop top up

Sam Kade

wats the craic wrote: »

the base is 29.5 plus vat . which brings it up to 31.03 my bf is 3.95 prot 3.40 . my total milk price is 33.125. that includes my scc bonus of .25cent a lt

You get a bonus for scc? What co op is that?

Greengrass1

wats the craic wrote: »

do that include the coop top up

Yep

Brown Podzol

P 3.4. F 3.97. 32.97 c/l. Dairygold.

wats the craic

Sam Kade wrote: »

You get a bonus for scc? What co op is that?

i am with strathroy we get a bonus .25 cent for scc under 200000 . we use to get .3 with wexford creamery

whelan2

was looking at my april milk statement i didnt get any milk paid for under the new fixed milk price scheme , did anyone else get it?

Milked out

Rumours of DG dropping 2 cent to 28 for may and possibly another 2c drop for June. Once cows are doing ok and growth continues ok the sums will have to be done with regard to feeding above what they need in order to push production. High solids will also increase price by a lower amount at a lower milk price.
It's at these prices where the economical response to meal is beginning to be borderline that having the price a month before or even a week before would be better

jaymla627

Milked out wrote: »

Rumours of DG dropping 2 cent to 28 for may and possibly another 2c drop for June. Once cows are doing ok and growth continues ok the sums will have to be done with regard to feeding above what they need in order to push production. High solids will also increase price by a lower amount at a lower milk price.
It's at these prices where the economical response to meal is beginning to be borderline that having the price a month before or even a week before would be better

Becomes pretty negligible alright especially when cows start to go stale, going to scan here end of august if scan goes to plan and have a greater then 80% in calf rate, all empties will go on 4-5 kg if meal and will be flogged at the back end...
I Wonder where milk price is going to get a floor put under if it stays at our above 25 cent it will be doing well

Timmaay

Has the glanbia may price been set?

Cow Porter

New Zealand Primary Industries Minister Nathan Guy about milk prices, trade and the 2015 budget. says should improve from 2016

https://www.youtube.com/watch?v=hsoFEVkWzVM

.... who knows

mahoney_j

Timmaay wrote: »

Has the glanbia may price been set?

Yep dropped to 27 I think maby 27.5 but still been supported by 3 cent..heard a rumour last night Arrabawn holding again at 32

whelan2

Timmaay wrote: »

Has the glanbia may price been set?

yes got a text last night Glanbia member may milk price held at 30.5cpl with co-op support. gii market price 27.5cpl (-1c) this was after the 5 texts i got confirming Henry Corballys appointment of glanbia plc, co-op and glanbia ingredients ireland

frazzledhome

Glanbia member May milk price held at 30.5c/l with co-op support. GII market price 27.5 cpl (-1c).

frazzledhome

mahoney_j wrote: »

Yep dropped to 27 I think maby 27.5 but still been supported by 3 cent..heard a rumour last night Arrabawn holding again at 32

MJ how big is the Arra milk pool. They must be minted to continue subbing price for so long.

Met a few suppliers who are worried by this policy and wondering how can it be done now and couldn't be done when markets were good? That said they didn't send back their cheques

They must've amassed some war chest while paying one of the lowest prices. Something's not 100%

wats the craic

mahoney_j wrote: »

Yep dropped to 27 I think maby 27.5 but still been supported by 3 cent..heard a rumour last night Arrabawn holding again at 32

how are arrabawn able to hold at 32 and glanbia drop to 27.5 :rolleyes:

wats the craic

frazzledhome wrote: »

Glanbia member May milk price held at 30.5c/l with co-op support. GII market price 27.5 cpl (-1c).

ya but they are nearly 1000 glanbia suppliers who do not have co-op shares and have to live wit 27.5 a litre its a disgrace

kowtow

frazzledhome wrote: »

MJ how big is the Arra milk pool. They must be minted to continue subbing price for so long.

Met a few suppliers who are worried by this policy and wondering how can it be done now and couldn't be done when markets were good? That said they didn't send back their cheques

They must've amassed some war chest while paying one of the lowest prices. Something's not 100%

Very dangerous when supplier agents (i.e. co-ops) start eating into equity to subsidise a current price. The money to do it comes from past (or future) profits and the price for doing it - for the supplier - will always be a commitment of one sort or another to exclusive future supply.

Apart from distorting the market over time these arrangements will tend to hurt the efficient, profitable, producer much more than the less efficient producer. Without wishing to be callous about it, the purpose of low milk prices is to drive out the inefficient producer and make (his) resources available at a reasonable price to those who can employ them profitably. It is not a nice thought, but it IS what we have signed up for with the end of quotas - and if it were done, twere better it was done quickly.

If the processors want long term supply commitments, the co-ops should facilitate this by taking a portion of milk on fixed price / term contracts - a perfectly sound and transparent means of providing price support in the short term.

All other arrangements - whether disguised as short term support, or loyalty, or whatever, are inequitable and can only do harm in the long term.

mahoney_j

wats the craic wrote: »

how are arrabawn able to hold at 32 and glanbia drop to 27.5 :rolleyes:

Just to confirm lads ,.a rumour not confirmed yet .board meeting Monday I think will know more then ..strongly rumoured to hold though from a source usually on the ball.will fully be expecting a cut of up to 2 cent though,hope I'm wrong!!.frazz on our milk pool,don't know exact sizes but what we lost to Glanbia we've taken back same and more in volume terms and dairy gold side were slightly up on what we lost there .that pool from dairy gold is growing steadily though with a host of guys set to jump in near future.as to why we're paying such a high price ,.lots of theories out there which in sure anyone in the know around nenagh will of heard and I ain't willing to divulge here .lets just say things could get very interesting from September on if milk market still stays going the way it is......

kowtow

wats the craic wrote: »

how are arrabawn able to hold at 32 and glanbia drop to 27.5 :rolleyes:

Taking the Glanbia example, and treating them for a moment as a farmer owned co-operative, the question is to what extent profits earned in the past with the milk of non-signing or non-eligible producers are being used to fund the 3c subsidy to signed up producers?

Once a co-op becomes anything more complicated than an agent - collecting milk for a group of farmers and taking it straight to the best available paying customer at the moment of delivery - a can of worms is opened up which is very difficult to untangle. What was once the farmer's own agent suddenly becomes his customer, while retaining (often) an effective monopoly over his supply.

jaymla627

wats the craic wrote: »

ya but they are nearly 1000 glanbia suppliers who do not have co-op shares and have to live wit 27.5 a litre its a disgrace

Don't worry they'll supposedly refund this money once you share - up, but given their record of saying one thing and months later doing a complete u-turn I wouldn't hold my breath,.
Given the fund available to them is 20 million I doubt they are retrospectively holding back a proportion of it to be paid out to the 800 our so non shared up suppliers at years end when they acquire these shares if they even choose to/have the finance to do so

frazzledhome

wats the craic wrote: »

ya but they are nearly 1000 glanbia suppliers who do not have co-op shares and have to live wit 27.5 a litre its a disgrace

Agree it must be hard going. Was well signalled the need for shares Tbf. Good solids should add 4c to base price still a low price. I'd be expecting our to be in the 34-35c area for May with coop support

wats the craic

frazzledhome wrote: »

Agree it must be hard going. Was well signalled the need for shares Tbf. Good solids should add 4c to base price still a low price. I'd be expecting our to be in the 34-35c area for May with coop support

not when people this time last yr were sign thier msa , they said there was no need to share up . they clearly lied to people to sign the msa . they are about to reap wat the sow in the near future .

frazzledhome

jaymla627 wrote: »

Don't worry they'll supposedly refund this money once you share - up, but given their record of saying one thing and months later doing a complete u-turn I wouldn't hold my breath,.
Given the fund available to them is 20 million I doubt they are retrospectively holding back a proportion of it to be paid out to the 800 our so non shared up suppliers at years end when they acquire these shares if they even choose to/have the finance to do so

Question for you. Where did that fund originate from?

Milked out

frazzledhome wrote: »

Glanbia member May milk price held at 30.5c/l with co-op support. GII market price 27.5 cpl (-1c).

Will the milk price be based on the the 27.5c figure and topped up by 3 or will it be calculated on 30.5c base frazz?

orm0nd

mahoney_j wrote: »

Just to confirm lads ,.a rumour not confirmed yet .board meeting Monday I think will know more then ..strongly rumoured to hold though from a source usually on the ball.will fully be expecting a cut of up to 2 cent though,hope I'm wrong!!.frazz on our milk pool,don't know exact sizes but what we lost to Glanbia we've taken back same and more in volume terms and dairy gold side were slightly up on what we lost there .that pool from dairy gold is growing steadily though with a host of guys set to jump in near future.as to why we're paying such a high price ,.lots of theories out there which in sure anyone in the know around nenagh will of heard and I ain't willing to divulge here .lets just say things could get very interesting from September on if milk market still stays going the way it is......

AFAIK .& ( could completely off the ball )

milk pool 2014 was 280m ltrs

there would have been additional milk processed for other co ops

jaymla627

wats the craic wrote: »

not when people this time last yr were sign thier msa , they said there was no need to share up . they clearly lied to people to sign the msa . they are about to reap wat the sow in the near future .

Moving the goal posts from 5000 euros worth of shares been the qualifying amount irrespective of milk supply to then 10,000 and linked to milk supply is my biggest bug bear, milk manager says on 400,000 thousand litres I will need 13,000 euros worth of shares and as I increase supply will have to increase share holding...
18 months ago they where peddling the line to new entrants how no share holding was needed and boasting about dropping the 1 cent a litre levy on milk to fund belview, they're accounts department must of re done the sums and decided to shaft new suppliers instead of established lads.
Good ploy on their part to alienate the smallest group of suppliers who haven't a leg to stand on once they have the contract signed along with their agreement with the other bigger co-ops not to take uncontracted glanbia suppliers who want to move they simply can't lose no matter what policies they implement this group

frazzledhome

Milked out wrote: »

Will the milk price be based on the the 27.5c figure and topped up by 3 or will it be calculated on 30.5c base frazz?

Base 27.5