Beef price tracker 2

Bass Reeves

https://www.boards.ie/discussion/comment/123370087#Comment_123370087

https://www.boards.ie/discussion/comment/123370045#Comment_123370045

I suspect that there is a lot of cattle in sheds being fed. Processors are now slaughtering everything out of there own and contracted feedlots. It was pointed out two months ago that feedlots were buying alot of really forwards stores. It's the oldest trick in processors book.

Processors are making a bet that there is a lot of cattle being fed that are hitting 100 days. A lot of lads started feediing cattle that woukd normally go to grass from early February on. For heifers, cows and bullocks being fed large amounts of ration that it you cannot feed much longer. As well with the early spring cattle will be coming off grass by end of May. I hope it will not work but I suspect processors have there ducks in a row.

weatherbyfoxer

I know of 2 men that refused 2 sell fit cattle 2 weeks ago for over 8 euro and are looking at taking near a euro less per kg.

In my opinion its a dangerous game holding cattle which are ready for slaughter hoping for the falling price to do a U turn and rise again

kk.man

I was told two weeks ago they were starting to kick. I off loaded the week before last thank God. Their shed cattle are now providing the cushion.

agriman27

The beef price in the UK is steady and increased in the past week…Factory fit cattle made as much in the marts this week here as previous weeks. I can’t see how the numbers of cattle being killed will keep up, they’re bound to be well thinned out…

nearlybreak

https://www.boards.ie/discussion/comment/123370188#Comment_123370188

a euro less would you stop 7.70 and 7:80 base is freely available cattle are going to tighten soon don’t be scaring people

nearlybreak

Exactly and Mart numbers will be very much back after the next two weeks

kk.man

They make their huge profits off the ordinary farmer so they will do everything not to pay him/her even if that means giving the extra in the mart.

Conversations 3

Are we better off then just go to the mart and let them fight it out?

What has been the base price over the last few weeks, I heard it's been €7.70 anyway.

White Clover

https://www.boards.ie/discussion/comment/123370734#Comment_123370734

If at all possible, hold on to them for a week or 2. If they manage to control the mart price too, we're f****d.

The cattle aren't there so farmers need to be tough and hold their nerve.

Dunedin

https://www.boards.ie/discussion/comment/123370772#Comment_123370772

100%

893bet

From the talk you would assume another tightening is coming. Are they trying to dampen it a little in advance or flush out a few more. Demand is up and less cattle in the system. More and more being killed earlier and short of finish.

nearlybreak

https://www.boards.ie/discussion/comment/123370806#Comment_123370806

exactly

Siamsa Sessions

Is it no more than haggling on their side?

There’d be something wrong if they weren’t talking down the trade, change coming, demand dropping, supply increasing, Trump tariffs, Easter over, etc etc etc

Conversations 3

https://www.boards.ie/discussion/comment/123370936#Comment_123370936

They spread the rumors around and bla bla in the papers, then they all quote a similar price the week after.

I think the technical term is price fixing.

Siamsa Sessions

https://www.boards.ie/discussion/comment/123371029#Comment_123371029

You’re right. It’s a word beginning with C.

The factories say it’s Coincidence but it’s actually Cartel.

Hard Knocks

https://www.boards.ie/discussion/comment/123370936#Comment_123370936

A good summer with plenty of BBQs will add to their pressure

mr.stonewall

The last Monday in may is a bank holiday in the UK.

cute geoge

They hold all the cards normally .

I think it was air last year had a load of cows to go in late May and I was told they were pulling them 20 cent and like you do ,i said **** them and held ,not alone did they drop them 20 cent but I would say 40 cent in the space of a month.

If they say they are droping I would not bet against them

weatherbyfoxer

Never realised how much spair cash alot of lads have to stay feeding factor ready cattle 2 or 3 week extra hoping for a big price rise

A finished animals could cost 25 euro a week to keep on hoping for a price rise.on a 350kg carcass that is costing roughly 7c per kg over 2 weeks..so realistically you'll need 10c on the base price extra to justify keeping them.

Funny thing is factories all know that a fit animal has to be sold at some stage and further they can push lads into the summer the better for them.

grass10

https://www.boards.ie/discussion/comment/123371190#Comment_123371190

Whigh factory do you work for you've told us that lads have dropped a euro per kg in the last 2 weeks then you tell us that when animals are finished lads must sell them immediately or they will lose money, animals that appear finished will increase ko% and still put on some weight even though they appear finished

A friend of mine who might do 200 + cattle per year rang a factory 3 days ago he had a load of fit cattle the factory is still buying flat from the likes of him obviously they have come back a small bit and they took his load the next morning does this look like factories are full and their is sheds full of cattle just more factory spin what cattle being fed are light and the factories know it

nearlybreak

https://www.boards.ie/discussion/comment/123371303#Comment_123371303

well said

WoozieWu

https://www.boards.ie/discussion/comment/123371190#Comment_123371190

have you some affiliation with a factory by any chance

Bass Reeves

https://www.boards.ie/discussion/comment/123371354#Comment_123371354

All he is doing is giving an.opinion. I have been there held cattle and 60-70% of the time you lose money and serious money if feeding inside.

@White Clover say hold for two weeks, it will take them that to get through the shed cattle in there feedlots. They will look after larger finishers as well. If they think numbers are on there side they will hold the line.

I have nothing to go at present it will be 4-6 weeks minimum. I hope the numbers tighten but I suspect too many fed on grass cattle from February on.

morphy87

https://www.boards.ie/discussion/comment/123371374#Comment_123371374

Yeah I know of a few that would usually graze their cattle but because of the strong price they decided to feed on and sell out of the shed, but I was talking to a manager that’s over a few factories and he doesn’t think that they will rise any more but won’t drop either. But when do you think the real shortage will come so ?

WoozieWu

https://www.boards.ie/discussion/comment/123371374#Comment_123371374

a quick scan back over his posts paints a revealing picture

he is very sympathetic to the factorys

weatherbyfoxer

https://www.boards.ie/discussion/comment/123371440#Comment_123371440

Ah here… this is nuts!.

I can assure you I'm not involved with any factory in any roles and will never be.

I have shared prices,costings and the way I manage my beef enterprise more than lots of people on these forums.Just because I am relaying a bit of information I was told by an agent I'm a chum of/work for larry and the boys??

Best of luck with your cattle lads.Ill be keeping my trap shut going forward here

148multi

https://www.boards.ie/discussion/comment/123371374#Comment_123371374

WWould the factories not have a months cattle in feedllots

WoozieWu

https://www.boards.ie/discussion/comment/123371576#Comment_123371576

all the best

hold tough and negotiate for the best price

cattle are scarce and finished cattle are making a big premium, dont let anything away cheap

the doomsayers on here are all finishers and or factory men

Bass Reeves

https://www.boards.ie/discussion/comment/123371640#Comment_123371640

It would depend on how much of the kill they needed to make up. At 5k cattle a day they would need70k cattle in a fortnight and that is less Than 15% of the kill in a fortnight

kk.man

https://www.boards.ie/discussion/comment/123371576#Comment_123371576

I see exactly where you are coming from. My mouth is shut off from a while back and I've alot to share. You have nice dairy cattle and you do them well. You have made an exceptional point during the week i was going to add too but i decided against which would have put dairy beef producers to a different level. With you me and a few others this forum will be worse off. All we are trying to do is get our fellow farmers a fair gig in the game.

Now folks that's with a few pints but I have and do talk sense but some fail to listen.