Milk Price III

blue5000

Welcome to milk price III a place to talk about milk prices, compare co-ops/plcs and price trends globally.

Due to difficulties in the past this thread will be heavily moderated. If you are upset by someone else's comments here, we recommend you put them on ignore and report the post as well. Borderline trolling, baiting or any personal comments will be carded. You have been warned, there will be no on thread moderation 'Back on topic etc.'

kevthegaff

Well lads/gals any idea for September's milk?

whelan2

kevthegaff wrote: »

Well lads/gals any idea for September's milk?

October? Also any idea of liquid bonus for Glanbia

mf240

30 cent well warranted but can't see it happening.

cjpm

Considering the explosions, swearing and general hulla bollu in the 2 previous milk price threads, this one should really be called "Milk Price with a Vengeance" !!

greysides

cjpm wrote: »

.....this one should really be called "Milk Price with a Vengeance" !!

Or 'Debt Wish'....

PMU

why not call it"milk prices only", and leave the discussions for the dairy thread

blue5000

PMU wrote: »

why not call it"milk prices only", and leave the discussions for the dairy thread

We (mods) discussed this and decided against it.

mf240

cjpm wrote: »

Considering the explosions, swearing and general hulla bollu in the 2 previous milk price threads, this one should really be called "Milk Price with a Vengeance" !!

Milk price two "calved and dangerous "

Milk price three "milk harder"

CowMeister

Lakelands up 1c to 27c.

whelan2

CowMeister wrote: »

Lakelands up 1c to 27c.

Its a long way from 30cpl

mahoney_j

CowMeister wrote: »

Lakelands up 1c to 27c.

1 miserly cent ......pathetic effort just waiting for the were replenishing coop reserves bla bla bla from them .whilst agreeing that coops supported prices for last year (to what level who knows )suppliers also suffered .29 cent base should be minimum for all coops for October milk ,that still leaves them room to replenish funds

White Clover

mahoney_j wrote: »

1 miserly cent ......pathetic effort just waiting for the were replenishing coop reserves bla bla bla from them .whilst agreeing that coops supported prices for last year (to what level who knows )suppliers also suffered .29 cent base should be minimum for all coops for October milk ,that still leaves them room to replenish funds

I don't think any Coop will rise more than a cent/month for the remainder of the year given that farmers are getting over 30 at the moment due to good solids.

Water John

A good read of it, I'd say Clover. Also, healing balance sheets before the end of year as much as possible.

yosemitesam1

http://www.icis.com/blogs/chemicals-and-the-economy/2016/11/everyone-wants-rich-divorces-soar-land-prices-chinas-housing-bubble-enters-final-stages/

Fixture

CowMeister wrote: »

Lakelands up 1c to 27c.

It's actually 26.6 cos there's collection charge of 0.4 cpl on every litre as far as I know.
They were up 2p in NI.

GrasstoMilk

Any thoughts on what Glanbia October price might be??
I'd like to see it at 29c with no coop support with the way markets are for the last 2 months and 31 by February with the hope of god they stay going as good

kevthegaff

GrasstoMilk wrote:

Any thoughts on what Glanbia October price might be?? I'd like to see it at 29c with no coop support with the way markets are for the last 2 months and 31 by February with the hope of god they stay going as good

I'd say your dreaming GrasstoMilk no disrespect but I'd say 1c max 2c

mahoney_j

kevthegaff wrote: »

I'd say your dreaming GrasstoMilk no disrespect but I'd say 1c max 2c

Agree 29 cent across the board is warranted but coop cookie jar funds /reserves etc need refinancing.lakelands raised 1 cent per litre and that's all maby 1.5 cent is all I can see any coop upping price

kevthegaff

mahoney_j wrote:

Agree 29 cent across the board is warranted but coop cookie jar funds /reserves etc need refinancing.lakelands raised 1 cent per litre and that's all maby 1.5 cent is all I can see any coop upping price

Follow thy neighbour seems to be common place among the larger processors, and our co op is always last to release prices

stretch film

mahoney_j wrote: »

Agree 29 cent across the board is warranted but coop cookie jar funds /reserves etc need refinancing.lakelands raised 1 cent per litre and that's all maby 1.5 cent is all I can see any coop upping price

gii have no reserves to replenish . the co-op stumped up for all milk supports.

the market price they paid lead the downward trend and every gii supplier expects that same rationale to apply with the rising market returns.

our board reps need to be very strong on this.

Water John

Well you didn't read the legal guy addressing the ICOS saying 'Farmers shouldn't join the co-op board if they're unhappy with their milk or grain price'
(IFJ Nov 12 p11)

Flummoxed!!!

Fixture

stretch film wrote: »

gii have no reserves to replenish . the co-op stumped up for all milk supports.

the market price they paid lead the downward trend and every gii supplier expects that same rationale to apply with the rising market returns.

our board reps need to be very strong on this.

100% spot on.

Mooooo

What was the milk price June 15? Is that what the ppi currently equates to?

whelan2

Mooooo wrote: »

What was the milk price June 15? Is that what the ppi currently equates to?

The effective price for June 2015 milk is 28cpl, this includes 1cpl from 2013milk stability fund and 1cpl co-op bonus

Mooooo

Carbery setting the pace again up to 29 incl vat I think

Water John

Aiming to hit 30 before Christmas, I presume.

Fixture

Water John wrote: »

Aiming to hit 30 before Christmas, I presume.

Glanbia plus 2 to 28cpl
GII plus 2 to 27
Co op support held at 1cpl

Keepgrowing

Glanbia member Oct milk price up 2cpl to 28 cpl incl 1 cpl Co Op support. GII price up 2 cpl to 27 cpl. See http://bit.ly/OctMilk

In a word, dissappoined

whelan2

Keepgrowing wrote: »

Glanbia member Oct milk price up 2cpl to 28 cpl incl 1 cpl Co Op support. GII price up 2 cpl to 27 cpl. See http://bit.ly/OctMilk

In a word, dissappoined

Held off filling in milk census until October price was announced. Glad I hadnt posted it before this

Water John

Sorry to tell you, Keepgrowing. They really don't care. What you think, the IFA or ICMSA.
West Cork have some decency. They will push ahead.

whelan2

Water John wrote: »

Sorry to tell you, Keepgrowing. They really don't care. What you think, the IFA or ICMSA.
West Cork have some decency. They will push ahead.

Do you think would any of the west cork creameries have any inrerest in collecting milk from Louth :rolleyes:

mf240

They were never going to rise it any more than 2 at a time.

Good solids will take the bad look off it.

There is some real hardship being endured in new Zealand at the moment. You'd think you had it tough here at least we don't have earthquakes to contend with.

mf240

whelan2 wrote: »

Do you think would any of the west cork creameries have any inrerest in collecting milk from Louth :rolleyes:

Ye would need a translator :D

Timmaay

whelan2 wrote: »

Do you think would any of the west cork creameries have any inrerest in collecting milk from Louth :rolleyes:

You got the perfect co-op to supply only afew miles up the boarder from ya.

Buford T. Justice XIX

mf240 wrote: »

They were never going to rise it any more than 2 at a time.

Good solids will take the bad look off it.

There is some real hardship being endured in new Zealand at the moment. You'd think you had it tough here at least we don't have earthquakes to contend with.

It's tough there atm alright.

As one lad there put it last night, the fantastic soils they have there are a consequence of volcanic activity so there has to be some drawbacks from that benefit.

Thankfully deaths were very low there.

Mooooo

I take it the top up is added after solids adjustment? Base price should be 28 minimum not a mind that top up bollixing

Water John

Funny, I'm a strong believer in the coop ethos, niavely maybe. But it's a two way relationship. Not all take.
Time for people to look after No 1. Maybe moreso, your family comes first.

GrasstoMilk

Water John wrote: »

Funny, I'm a strong believer in the coop ethos, niavely maybe. But it's a two way relationship. Not all take.
Time for people to look after No 1. Maybe moreso, your family comes first.

How do you suggest Is done? Locked into an MSA not much you can do

Water John

Don't know when your locked into, 2019? Then what notice do you have to give? Start making enquiries. Moving isn't for everyone for various reasons. But if a significant % give notice, things could alter more than you think.

Timmaay

Water John wrote: »

Don't know when your locked into, 2019? Then what notice do you have to give? Start making enquiries. Moving isn't for everyone for various reasons. But if a significant % give notice, things could alter more than you think.

You can give notice of your intention to leave 5yrs after you signed up to the msa, and from then you have 2years before you can leave. The msas 1st came out in Jan 2012, if you signed it straight away you can give notice as of this Jan, if it wasn't until June then you have to wait till next June. That's my interpretation of it.

OverRide

Nope Tim
You can leave after 5 years as long as you give 2 years notice on the 3rd anniversary of the MSA

whelan2

Timmaay wrote: »

You can give notice of your intention to leave 5yrs after you signed up to the msa, and from then you have 2years before you can leave. The msas 1st came out in Jan 2012, if you signed it straight away you can give notice as of this Jan, if it wasn't until June then you have to wait till next June. That's my interpretation of it.

Msa runs from 1st January 2015, so 2 years nearly done now. Can give in notice in January 2018 is my understanding. Edited to say just read it there, the supplier may terminate the agreement by giving not less than 2 years notice in writing , provided notice is not given prior to January 2018.

whelan2

Latest gdt auction http://www.agriland.ie/farming-news/dairy-product-prices-increase-again-at-global-dairy-trade-auction/

Timmaay

OverRide wrote: »

Nope Tim
You can leave after 5 years as long as you give 2 years notice on the 3rd anniversary of the MSA

Sorry your totally right, I was confusing 5years with 7years ha.

whelan2

Timmaay wrote: »

Sorry your totally right, I was confusing 5years with 7years ha.

5 years is long enough :cool:

Water John

12 months is long enough. ICOS say 90 days notice. I would say 30 days eg each December.

Time for people to make sure they never get locked in like this again. It's not in your interest.

alps

whelan2 wrote: »

Msa runs from 1st January 2015, so 2 years nearly done now. Can give in notice in January 2018 is my understanding. Edited to say just read it there, the supplier may terminate the agreement by giving not less than 2 years notice in writing , provided notice is not given prior to January 2018.

If you give notice to terminate the glanbia contract, are you disqualified from any further coop top ups from that day on? Could cost quiet a bit of money to get out if that is the case..

If you give notice to leave and after the 2 years you do not leave at that date, do you have to resubmit your notice and wait another 2 years again?

whelan2

alps wrote: »

If you give notice to terminate the glanbia contract, are you disqualified from any further coop top ups from that day on? Could cost quiet a bit of money to get out if that is the case..

If you give notice to leave and after the 2 years you do not leave at that date, do you have to resubmit your notice and wait another 2 years again?

I have just reread the msa and cant see it mentioned about top ups.
On your second point ....Where a supplier has given the termination notice , the supplier is precluded from giving a further termination notice for a period of 2 years from the date of the previous notice. If the supplier is not a member of the society (at the time the notice is given) , GiiL may terminate this agreement by not less than five years notice in writing provided such notice was not given prior to 31/12/19

Fixture

Water John wrote: »

12 months is long enough. ICOS say 90 days notice. I would say 30 days eg each December.

Time for people to make sure they never get locked in like this again. It's not in your interest.

Guys in U.K. who moved around might be worth talking to, not a great place to be when market is weak. Some of them got hammered with B prices, peak limits etc. There has to be a middle ground.

Water John

UK is not comparable. Has anyone in Aus or NZ had a problem?
Since these are the farmers and their operations we always benchmark against.
Look to USA, Canada France as well.
No scarmongering.