beef price tracker

darragh_haven · 16-01-2018 09:45AM

I have 10 to go tomorrow. My dad is dealing with the agent/hauler as I'm up the country with the day job. But we were hoping to get €4/kg he confirmed it this morning. But a cut to €3.95 for anything after that.
I'll have nothing else to go until the end of February then, and hopefully there might be a price jump by then.

The 2 different factory we deal with are only killing 3 days this week. And most likely the same next week

Bass Reeves · 16-01-2018 11:37AM

Robson99 wrote: »

Seems to be the case and talk of more next week. Time for the farmers to dig the heels in

Kill did not recover last wekk still at 32Kish. Moved last week got 4.05 even though the talk was only 4.00 available. Was only a single and not even full at that. Article in the FI today that chills are virtually empty and that procurement agents are asking agents to access amount of cattle being fed at present.

For winter finishing processpors are there own worse enmwey at the moment. I got kinda caught to finish these they came in very cheap ( and very light) 15 months ago and were going over 36 months this spring and I could not finish off grass had a rig as well and a LM bullock and bullock taht were age caught as well. Even though they left a few bob I will try to avoid winter finishing next year if possible.

IMO you need a base of over 4/kg before Christmas and 4.2 in the new year to amke winterfinishing worth while. With them treatening 3.9/kg at the moment you are looking at over 100 euro/head. I wonder are they trying to drop the store price to refill there sheds. At thsi time of year the small finisher, lad finishing 10-20 cattle during the winter becase these lads make up a huge amount of the kill thsi time of year.

gerryirl · 17-01-2018 12:10AM

Cavanjack wrote: »

Yeah the scales is some job. Even for dosing, it's unreal the weight difference in the same batch of cattle. Your weanlings are doing well so. Will You cut the meal out a few weeks before they get out?

yes for sure dont want them too soft going onto grass.Bloody meal is gone up too. The super beef Im feeding is gone up to €300 a tonne.

Yes the scales is a great job.There not cheap but as you say you'd not tell the difference in some of them unless you weighed them. I find it great when going to the mart, you know to about 20kgs what weight they are and can have a price in your head going into the box going on the trade on the day.

Willfarman · 17-01-2018 12:19AM

Cold snap will test the ffers. South east quoting 3.95 today I'm told but the lads in the know weren't panic selling last week and are unlikely to be taking a hit this week. Be back on 4€ for monday.. and the rag can report "a rise"..

Snowfire · 17-01-2018 12:24AM

Willfarman wrote: »

Cold snap will test the ffers. South east quoting 3.95 today I'm told but the lads in the know weren't panic selling last week and are unlikely to be taking a hit this week. Be back on 4€ for monday.. and the rag can report "a rise"..

Is there going to be a glut of under 24 month fr and frx bulls hitting the factory gates over the next few weeks tho, ?

blue5000 · 17-01-2018 11:24AM

Snowfire wrote: »

Is there going to be a glut of under 24 month fr and frx bulls hitting the factory gates over the next few weeks tho, ?

I don't think so, a lot of those were castrated and will go to grass over the summer. Might be a bit more of them down south in strong dairy areas, like Cork, a good few were housed early last summer and slaughtered before xmas too. Just my 2 cents and what is happening round here anyway.

MfMan · 18-01-2018 04:33PM

Latest?

Jjjack77 · 19-01-2018 06:59PM

MfMan wrote: »

Latest?

3.95 for bullocks monday

darragh_haven · 19-01-2018 10:56PM

Jjjack77 wrote: »

3.95 for bullocks monday

Got €4/kg on Tuesday for bullocks.

poor farmer · 19-01-2018 11:02PM

3.85 for o grade bulls 23 months old on Tuesday.

Hershall · 20-01-2018 03:02PM

MfMan wrote: »

Latest?

3.95 / 4.05 next week midlands

Hard Knocks · 20-01-2018 06:47PM

Have 2 CH cows both 700kg, 1 well fleshed & the other good but not as good
What they worth?

locha · 20-01-2018 08:00PM

Got 4.00 base for a load of steers yesterday.

kk.man · 20-01-2018 08:13PM

A friend of mine had a load of Hereford steers got 3.95 base during the week.

kk.man · 20-01-2018 08:14PM

kk.man wrote: »

A friend of mine had a load of Hereford steers got 3.95 base during the week.

Excl bonus.

Robson99 · 26-01-2018 04:03PM

Talk of another 5 cent cut next week. F***ERS

White Clover · 26-01-2018 04:06PM

Robson99 wrote: »

Talk of another 5 cent cut next week. F***ERS

Cattle must be scarce.

Wes Palmer Lee · 26-01-2018 05:39PM

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

Hershall · 29-01-2018 10:39PM

Wes Palmer Lee wrote: »

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

3.90 for bks midlands........

darragh_haven · 29-01-2018 10:48PM

€3.90/kg for bullocks in cork too

Willfarman · 29-01-2018 10:56PM

South east too.

riemann · 29-01-2018 11:34PM

Wes Palmer Lee wrote: »

I'm told a 10c rise is anticipated in the next fortnight...
Heres hoping.

Don't bank on it.

darragh_haven · 01-02-2018 07:16PM

I've been reading up a small bit on the Mercosur negotiations. I thought this deal was dead in the water a few months ago, but it seems to be back on track again now.
If there is a deal struck, it'll be the end of me beef farming. And I'm cutting some of my losses as it is in the current climate without any deal being done. Prices are just septic at the moment. €3.85/kg being offered for bullocks next week

wrangler · 01-02-2018 07:32PM

I'd imagine the processors are making a lot more that the headline of the IFJ

kk.man · 01-02-2018 09:30PM

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

wrangler · 01-02-2018 09:50PM

kk.man wrote: »

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

Unless my maths is wrong, they'd be making a loss if they increased the price by 10c/kg .

kk.man · 01-02-2018 10:49PM

wrangler wrote: »

kk.man wrote: »

It just shows that mass production leads to big money but small per head margins.

Something similar should be done the supermarkets. They have to have the best margin given little or no cost to stock the product plus a good credit period.

Unless my maths is wrong, they'd be making a loss if they increased the price by 10c/kg .

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Base price · 01-02-2018 11:10PM

kk.man wrote: »

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Where is this supermarket?

wrangler · 01-02-2018 11:11PM

kk.man wrote: »

Your right ...amother one is if the fifth quater valued recently at 135e per head was taken off, they would really be in negitive territory.
It's only when you see steak at 9e per kg in the supermarket and little effort by them only providing self space..makes you think.

Supermarkets have us chasing our tails and not a thing we can do about it
Despite what ICSA say, the fifth quarter is built into the price per kilo,they're not getting it free.
The difference in demand for sheep skins can be +/- 20c/kg in lambs

Fireside Solicitor · 02-02-2018 08:03AM

I think the Journals analysis is a bit high level. He takes two published accounts and uses their public margin to estimate the 5 big boys.

In the published accounts the operating profit is AFTER all sorts of accounting gimmicks like Directors costs, management charges and tax management recharges (profit shifting), the only element of these you can see are Directors costs from the published accounts, the rest can be legitimately buried in the various cost lines in the accounts. Do you honestly think these two companies would release true margins - no different to 99% of other large private companies they try to suppress profit disclosure for various reasons.

The point they make about interest costs is interesting. Meat processing companies have phenomenal cash flow so they tend to borrow a lot of debt and use that debt to ultimately pay their shareholders lots of €. The beaut is that the interest cost is fully tax deductible. You don’t think Larry G has hired an army of big guns from KPMG for the good of his health?

beef price tracker

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