Beef price tracker 2

morphy87

https://www.boards.ie/discussion/comment/123287463#Comment_123287463

And by playing the market what do you mean? Purchase again?

I read on the farmers journal this week, they were comparing the price of beef in the UK supermarkets this March compared to March 2024, and the price hasn’t risen that much at all, I think the cost of sirloin steak has gone up €2.80 a kg which is the equivalent of 80 cents a steak which isn’t too bad, I can’t see people leaving it on the shelves over those increases

weatherbyfoxer

The way fertiliser price is rising and poor grass growth is at the moment its not a bad thing having cattle fit for slaughter as apposed to fit for grass I reckon.

Too much grass is an easy fixed problem as apposed to not enough grass

morphy87

Was chatting to a man yesterday evening he got €7.80 flat for hex bullocks and heifers last week or the week before but any he was more to go but he is hold out for a week or two, till he gets the €8 and he is very confident that he will

kk.man

https://www.boards.ie/discussion/comment/123289416#Comment_123289416

Confirmed from two sources tonight 8e flat is not far off.

morphy87

https://www.boards.ie/discussion/comment/123291410#Comment_123291410

Where do they think it will finish?

I was chatting to a man this evening and he sold cattle last week for Monday, tomorrow and his agent told him if the price went up since Thursday he will pass the increase on to him, he will be selling regular for the next while so I presume this is to keep him sweet!

kk.man

One thing is guaranteed in the beef game nothing is certain. I honestly don't know nor the powers that be don't.

It's not good for the man buying cattle as there's no leveling but it's good for those selling without the need to replace.

Cavanjack

https://www.boards.ie/discussion/comment/123291410#Comment_123291410

great to wake up to positive news

grass10

https://www.boards.ie/discussion/comment/123291428#Comment_123291428

Great if it works out for him but I'd be very wary of vague promises from agents about they seeing after you

morphy87

https://www.boards.ie/discussion/comment/123291957#Comment_123291957

I would be the same my but he has stuck to word on one load already

DBK1

https://www.boards.ie/discussion/comment/123291957#Comment_123291957

Normally that would be 100% accurate but anything goes at the moment.

A few weeks back I booked cattle in on a Friday for going the following Tuesday morning. When the cheque came the price was 10cent a kilo more than we’d agreed. When I asked how that happened he said the price went up since you booked them in so they gave you the higher price. It had never been mentioned that this would be the case so I was pleasantly shocked.

Now it was my first time killing in that factory in a while as I was using a different factory and the agent knew there was cattle still being fed for finishing in the shed so maybe that was a factor but either way I wasn’t complaining.

Bass Reeves

https://www.boards.ie/discussion/comment/123292076#Comment_123292076

10c/kg is nothing on cattle at present. If they paid that on the same cattle on a Friday in Gortalea it woukd costs them another40-60 euro a head in mart fees and transport to get them to a lairage over the weekend. Add 3+e/ day to feed them before slaughter, the lack of gain because of a change in deit and then transport to the factory.

Processors are now under pressure to get the man hanging 30-80 cattle away from the mart, but also to stop more lads heading that way.

10c/ kg is 30-50/head the other option is 100-150 per head as well as paying 10-15c/ kg more of a base as well as picking up the farmer's mart fees and transport

DBK1

https://www.boards.ie/discussion/comment/123293870#Comment_123293870

The value wasn’t important, it’s the fact that they paid more than the agreed price and the agreed price was the top price going when it was agreed. They didn’t need to give a single cent extra.

morphy87

https://www.boards.ie/discussion/comment/123294040#Comment_123294040

Yeah that’s the thing, they didn’t have to but they did, they obviously think that this is going to last a while and are trying to keep lads sweet that may have more cattle to sell, it happened a friend of mine he sold a few good quality cows and he got back 20cents more than the agreed price

Bass Reeves

https://www.boards.ie/discussion/comment/123294040#Comment_123294040

You misunderstand my point. @WoozieWu posted on the mart price tracker f@@k the finisher imploying that breeders were the most important people in the beef production cycle. If the present beefvprices hold 5+ years maybe.

However for processors its the next 12-24 mo the that is important. They burnt a lot of bridges form mid summer last year to now. Many smaller finishers are now going to the mart but that is only the tip of the iceberg.

In a business where 2-300/ head is often a yearly net margin many lads are looking at netting 1k a head after costs.

A lad with 50 AA bullocks hung over a month now would be receiving cheques totaling 100-125k maybe even more. Traditionally his net margin might be 12-18k.. he could be looking at a margin of 50-60K at present or if he pocketed the cheques he could walk away with 100-125k.

It will be tempting for many to exit the game. With finished cattle prices rising by 15-20c/ kg a week you could get squeezed out of this market very fast.

The only lads sending cattle through the marts at present ate the finisher hanging a load every week. He is afraid of breaking contract with the procurement manager

In the last few months I put more cattle through the mart than in the whole 20 years before it and I am not the only one.

When I ring any of the agents I deal with in 8-10 weeks time they will need to be building bridges

morphy87

https://www.boards.ie/discussion/comment/123294385#Comment_123294385

You have that well summed up, so at current mart prices what would the factory’s want to be paying flat?

Jb1989

https://www.boards.ie/discussion/comment/123294427#Comment_123294427

As close to 9.00, going by average bullocks in gort last week.

morphy87

https://www.boards.ie/discussion/comment/123294475#Comment_123294475

They must be making unbelievable prices down there

893bet

We have rarely finished anything. Always went Mart with either a 1yr old weanling or an 18month store.

now….when the Mart is flying……….my vet finds the first reactor in 35 years (maybe ever on our farm; father can’t remember if we ever had TB it was so long, had brucelous back in the 90’s so it was before that).

And I have to go factory with my small few now. .

WoozieWu

https://www.boards.ie/discussion/comment/123294385#Comment_123294385

another unseemly post from you

Bass Reeves

https://www.boards.ie/discussion/comment/123294427#Comment_123294427

It would depend on the mart and the animal. Saw a HEX bullock today in Tralee 575kgs only make 2200 or 7.5/ kg. Non QA CH 670kgs make less than 2600 ir 7.15/ kg.

https://www.boards.ie/discussion/comment/123294526#Comment_123294526

I think he is referring to Gort in Galway not Gortalea. While prices are strong they are not averaging anywhere near that I think.

I think you have to go week by week at present I think.7.8-8 flat for AA is a good price as it takes the grading and FS risk out of it.

older by the day

Some fella should record the last few pages of this thread so they can have as a keepsake, or show their children in time to come.

Cattle at 8e/kg and factory's paying more than they promised

Siamsa Sessions

https://www.boards.ie/discussion/comment/123294873#Comment_123294873

And I don’t see any factory closing coz it’s not making a profit at the moment either.

Farm organisations should take note for the next time they’re told by factories that “the market can’t pay”

kk.man

https://www.boards.ie/discussion/comment/123295004#Comment_123295004

Just shows the profit the two end users had on beef!

ready4road

Question. In a flat price offer say €7.40 as an example. Would you get the QA of 20c kg on top of that or would the €7.40 be all inclusive. Thanks

morphy87

https://www.boards.ie/discussion/comment/123295787#Comment_123295787

Usually it would be all inclusive both they are doing all sort of deals at the moment so it’s definitely worth a try

QA1

Bye €8 neighbour getting 8:10 flat for Angus and a few hex and told them he wants more

mr.stonewall

The €8 flat mark passed here for a mixed half load of AA au and fr. Could 9 be the next goal post

Cavanjack

https://www.boards.ie/discussion/comment/123297113#Comment_123297113

Ah feck it. Aim for €10 now.

Anto_Meath

@Cavanjack ye may aswell go all out. Price of nice stores in Carnaross yesterday it would want to be €10... 350kgs €1,870....

kk.man

Yeah heard this is evening 8e is well breached. 8.30 plus transport for aa heifers.