beef price tracker

Bass Reeves · 14-07-2018 12:14AM

Danzy wrote: »

I'm aiming to have the last animal of the year killed by August 15th. Not planned or foreseen in the wildest scenario.

It is the type of year where the good white head and the poor Friesian are going up the line together.

This year is like a broken ankle, you'll get over it but there will still be an ache next year.

In early May of this year a lad said to me that the winter of 2017/18 would not be over until the spring of 2019. His point was that late sown grains would have an impact on ration prices next winter. However I was talking to him early in the week it is going to be much worse than he orginaly taught he said.

There will be an ache well into next year and beyond. It a case of hunker down and survive it as best you can. We have not seen the bottom of this yet. Even if it rained tomorrow (and there is no sign of rain for next 10 days), you will not have grass for a month. Huge amount of fertlizer sitting in bags across the country with feed bills mounting.

Base price · 14-07-2018 12:23AM

Bass Reeves wrote: »

In early May of this year a lad said to me that the winter of 2017/18 would not be over until the spring of 2019. His point was that late sown grains would have an impact on ration prices next winter. However I was talking to him early in the week it is going to be much worse than he orginaly taught he said.

There will be an ache well into next year and beyond. It a case of hunker down and survive it as best you can. We have not seen the bottom of this yet. Even if it rained tomorrow (and there is no sign of rain for next 10 days), you will not have grass for a month. Huge amount of fertlizer sitting in bags across the country with feed bills mounting.

I was at our feed merchants last week collecting straights and the yard was full of pallets and large bags of fertilizer. I jokingly said to the manager that they were well stocked up for when the rain comes, his reply was that unless the meal is paid for then most of it will stay in the bags.

Bass Reeves · 14-07-2018 12:30AM

Base price wrote: »

I was at our feed merchants last week collecting straights and the yard was full of pallets and large bags of fertilizer. I jokingly said to the manager that they were well stocked up for when the rain comes, his reply was that unless the meal is paid for then most of it will stay in the bags.

Most millers are in for a penny in for a pound. They may have huge exposed credit positions. I cleared the total bill a few weeks ago. My ration bill since Christmas worked out at 110 euro/ head to be slaughtered this year and it has not stopped yet. Feeding 4-5 kgs to cattle on grass. As fast as anything can go they will.

Danzy · 14-07-2018 12:44AM

Bass Reeves wrote: »

In early May of this year a lad said to me that the winter of 2017/18 would not be over until the spring of 2019. His point was that late sown grains would have an impact on ration prices next winter. However I was talking to him early in the week it is going to be much worse than he orginaly taught he said.

There will be an ache well into next year and beyond. It a case of hunker down and survive it as best you can. We have not seen the bottom of this yet. Even if it rained tomorrow (and there is no sign of rain for next 10 days), you will not have grass for a month. Huge amount of fertlizer sitting in bags across the country with feed bills mounting.

No, it is not over, or close to it. We are at late Summer conditions in a bad drought year in July.

If it didn't change till September or October, who could be surprised. When it gets hot here, it tends to stick.

I don't mean to be negative, it is not my type, but everyone needs a solid plan for the next year, for their own sake.

FeirmeoirtTed · 14-07-2018 11:09AM

Howdy folks just wondering what price would angus or hereford weanlings be at this time about 3 to 4 months old?

Bass Reeves · 14-07-2018 11:19AM

FeirmeoirtTed wrote: »

Howdy folks just wondering what price would angus or hereford weanlings be at this time about 3 to 4 months old?

Hard to know all stock have dropped back in price hard to see them making 400 euro.

whelan2 · 14-07-2018 11:28AM

Bass Reeves wrote: »

Hard to know all stock have dropped back in price hard to see them making 400 euro.

Have a few to sell. All under 10 months, all bulls, 2 blues, 2 fr, 2 Angus and 2 Hereford. On meal. Would I be better off waiting?

visatorro · 14-07-2018 12:01PM

whelan2 wrote:

Have a few to sell. All under 10 months, all bulls, 2 blues, 2 fr, 2 Angus and 2 Hereford. On meal. Would I be better off waiting?

Hard to know what they'll come into. I took a poor price in the yard for the last 10-15 calves in April and a couple in May, delighted I don't have them know.

jaymla627 · 14-07-2018 01:42PM

whelan2 wrote: »

Have a few to sell. All under 10 months, all bulls, 2 blues, 2 fr, 2 Angus and 2 Hereford. On meal. Would I be better off waiting?

Neighbour has to bring home cattle from Mart this week, similar to above, wasn’t even bid on two of them and they where good 300kgs r grade cattle, mart trade has collapsed in midlands anyways but then again their isn’t a blade of grass left in this area

Bass Reeves · 14-07-2018 02:51PM

whelan2 wrote: »

Have a few to sell. All under 10 months, all bulls, 2 blues, 2 fr, 2 Angus and 2 Hereford. On meal. Would I be better off waiting?

jaymla627 wrote: »

Neighbour has to bring home cattle from Mart this week, similar to above, wasn’t even bid on two of them and they where good 300kgs r grade cattle, mart trade has collapsed in midlands anyways but then again their isn’t a blade of grass left in this area

I cannot see myself buying any cattle for the winter. At present I have 31 yearlings and 38 2 year old cattle. Will kill 30ish of the 2 year olds ASAP. hope to get 15-20 away in next 2 weeks. That will leave me with 35 cattle going into the winter. i have 150 bales of silage (50% of normal requirement) will have to start feeding some of that in the next 2 weeks. Normally I be buying 20 year olds and 25 ish weanlings.

Even if I was buying cattle are 10c/kg back off this time last year and dropping fast. That is 35/head less that lads like me can afford to pay for replacements. I have spend 110/head of finishing cattle on ration since the New Year. Normally it would be less than half that. Add the two together and I would have al least 100/head less to spend on replacements.

Whelan if you can get an exporter to give you an ok price for them I would be moving them on.

bogman_bass · 14-07-2018 03:08PM

Exporters are the great white hope at the moment. The more stock we can get out of the country the better this year.

riemann · 15-07-2018 09:37PM

It is never good advice to wait, or hang on when finishing steers.

If they're fit they're fit and any gain in weight will be cancelled out by a fall in price because if your stock are gaining weight chances are everyone elses are too.

It is important to live in the real world, the beef industry is far from perfect and may even be a cartel, but dreaming of high prices in August or September is not conceivable unless we see another horse meat type scandal.

If anything a high finishing price will wreak havoc the following year as this would push the price of restocking up with a high likelihood of finishing prices returning to the mean.

Danzy · 15-07-2018 10:48PM

There are still masses of Cattle in the country, kills arent up so much as to really change that, yet look what it has done to the price.

There are lots of cattle on a bale, ration and eating stalky remnants and they are doing surprisingly well of what one would think of as the worst of grass.

So we have a lot of cattle still to kill, fields getting stripped bare and not growing back.

On top of that Cows that might not have been culled till next year or the year after are being lined up for the bolt goodo.

I'm treating it as we if are in September now, time to drive em on and get them gone cause whatever happens everyone else is going to be forced to do the same unless it pisses for a fortnight and even then the factory will not improve things much because the cattle will still have to get the bolt sometime.

I might be wrong on it, and it may be different for each person but I cant see the benefit in giving the factory a specimen beast for what a much poorer animal would make now, probably in any year, but certainly in this one.

Burning Tires · 15-07-2018 11:52PM

I sent 17 off there on Thursday. The lorry man said they were fine cattle as i thought most of them were, 2 O's and 2 U's is what i thought.
Then the lorry man said that because we were supposed to get €4 base that he reckoned the ***kers on the grid would screw us.... just because they can .

Came back 6 O's and 1 U. (The rest R's)I was bucking.

Willfarman · 16-07-2018 09:22AM

Midlands factory?

Burning Tires · 16-07-2018 10:50AM

Willfarman wrote: »

Midlands factory?

North Cork

Bass Reeves · 16-07-2018 11:50AM

Burning Tires wrote: »

North Cork

It Dawns on me that I might know the place would not be in a hurry to send cattle there.

Muckit · 16-07-2018 12:33PM

Bass Reeves wrote: »

It Dawns on me that I might know the place would not be in a hurry to send cattle there.

Sure you'd be only glad if they got the grades wrong....sure tis only up they could go!

(sorry sir the ball came in lovely and twud to a sin not to pull on it!)

Danzy · 16-07-2018 01:42PM

Bass Reeves wrote: »

It Dawns on me that I might know the place would not be in a hurry to send cattle there.

Thanks for the reminder I must call the agent to see how the Cattle did, off they went this morning.

West along the road might be an option, 12 miles extra but that is small.

grassroot1 · 16-07-2018 02:11PM

Burning Tires wrote: »

I sent 17 off there on Thursday. The lorry man said they were fine cattle as i thought most of them were, 2 O's and 2 U's is what i thought.
Then the lorry man said that because we were supposed to get €4 base that he reckoned the ***kers on the grid would screw us.... just because they can .

Came back 6 O's and 1 U. (The rest R's)I was bucking.

Were they on meal?

Burning Tires · 16-07-2018 03:49PM

grassroot1 wrote: »

Were they on meal?

No. They never get meal here.

Willfarman · 16-07-2018 06:37PM

Were the at least o+?

Burning Tires · 16-07-2018 06:38PM

Willfarman wrote: »

Were the at least o+?

Yes.

Willfarman · 16-07-2018 06:48PM

It’s not the worst scutching I’ve heard of so.. the midlands plants are great for the 5 cent in the price but if a faraway mug falls for it they clip clean cattle and charge for it and grade them like Mongolian donkeys.

Burning Tires · 16-07-2018 07:07PM

Bass Reeves wrote: »

It Dawns on me that I might know the place would not be in a hurry to send cattle there.

Not that far north... keep packing information into your brain

Neddyusa · 17-07-2018 10:35PM

What quotes are ye getting this week for under 30 mth bullocks?

Hershall · 17-07-2018 10:41PM

Neddyusa wrote: »

What quotes are ye getting this week for under 30 mth bullocks?

3.90 midlands

gerryirl · 18-07-2018 09:22PM

Hershall wrote: »

3.90 midlands

ya got 3.90 today for cattle. The weanling would want to well cheap this backend I tell ya or I think I'll become a summer time farmer

Danzy · 18-07-2018 09:53PM

gerryirl wrote: »

ya got 3.90 today for cattle. The weanling would want to well cheap this backend I tell ya or I think I'll become a summer time farmer

It looks like they will be, the economics and logic of short fodder adds to it but they will not be as cheap as things suggest.

Logic and the mart ring are often not on speaking terms.

gerryirl · 18-07-2018 10:05PM

Danzy wrote: »

Logic and the mart ring are often not on speaking terms.

Now you said it

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