beef price tracker

Anybody look at Argiland beef prices. Appears to be way off from what the factory are offering. Was chatting a factory agent today and he said he can't see a lift in prices any time soon.

Theheff wrote: »

Anybody look at Argiland beef prices. Appears to be way off from what the factory are offering. Was chatting a factory agent today and he said he can't see a lift in prices any time soon.

They are prices including bonuses and extras for grades etc.

Theheff wrote: »

Anybody look at Argiland beef prices. Appears to be way off from what the factory are offering. Was chatting a factory agent today and he said he can't see a lift in prices any time soon.

Processors will be killing contracted and there own feedlot cattle for the next 3-4 weeks. These cattle are priced at cost of production+margin. Banks will no longer lend to larger feedlots unless there are contract's in place. If you take it that cattle being finished now in these feedlots were bought 70-100 days ago this would have been the month of March.Do the maths of what price a finisher would require after purchase cost, feeding cost, other ancillary costs and a margin.
Now assume that 70$ of cattle being killed are non contracted cattle and you really get an idea of what processors pay for there own feedlot cattle and contracted cattle. If you look at the prices it is easy to see where the contracted cattle are going in the big 3 processors. It eastto see how the price is being manipulated and where . Last week ABP Brandon was way out of line but is running just below average this week. I bet you the article were dropping them off last week there but this allowed them to back up local cattle for this week

Theheff wrote: »

If we could all hold off selling cattle for a week or 2 in protest. See how the factories like it. I am sure the feedlots & contract suppliers would only supply a limit amount. I know lads can't hold cattle due to cash flow, fodder availability etc. They are making millions. Going on for years & either IFA & the government have done dam all to help the situation. Must be one of the only industry that allows this carry on to continue.

It fairly simple mathematics at present cattle are powering on weight. It will not take too much to reduce supplies. Cattle will get scarce at some stage this year. Replacement's are too expensive carry as long as possible. Do not turn cattle for the sake of it

In North Cork, I'm either selling finished beasts to Charleville or Rathkeale.



From July on they are leaving, one place or another. If I sell in the mart, they end up mostly in the same.

There may be a lift to iron out demand issues but the factories will have a fair idea already on late Summer,Autumn prices.

Bass Reeves wrote: »

It fairly simple mathematics at present cattle are powering on weight. It will not take too much to reduce supplies. Cattle will get scarce at some stage this year. Replacement's are too expensive carry as long as possible. Do not turn cattle for the sake of it

Massive year for Cattle and weight.

Bass Reeves wrote: »

We have slaughtered 50k more cattle this year so far, the estimated kill is expected to be 40k less than last year( taking exports and births in 2017 into account). However the cow and young bull kill seems quite high. While the cow kill may not impact later in the year the young bull will see a reduction in bullock numbers. The heifer kill is up a bit at this stage but the steer kill is running non-stop par except for the estimated reduction as well as YB kill.
Because of this it's hard to see the price drop continuing. Processors may pull prices more but numbers are against them. I would!d carry cattle for as long as possible especially with store prices against replacement

An Agent told me Monday that there is a pull on next week but said prices will be higher come the autumn.

If cattle are overweight am I still payed my bord bia bonus?

Booked bullocks into factory yesterday. There are to be killed Monday.

Cavanjack wrote: »

On heifers and bullocks yes. What weights are you talking. Unusual for heifers to be overweight and we have yet to be cut on bullocks under 450kg.

Bulls, 380kg cut off for overweight.

Are they back again next week?

Theheff wrote: »

cheaky
Would it be cheeky to ask what the base price you have agreed with factory.

Told 3.80 this week and might be the same or back next week.

it is hard to know what way thing will continue over next few weeks. There is a certain amount of flushing out of the last of the shed cattle, they are also still killing contracted shed cattle. However country is flooded with grass no stores appearing in marts so nothing to replace cattle with if you sell unless you are at the 70-90 day game. Even then some of that type of cattle may be going for slaughter.
As well cattle are back thriving after drought in May but I am finding cattle starting to grow as opposed to starting to flesh. I am in no hurry to slaughter as nothing available to replace them with

Bass Reeves wrote: »

it is hard to know what way thing will continue over next few weeks. There is a certain amount of flushing out of the last of the shed cattle, they are also still killing contracted shed cattle. However country is flooded with grass no stores appearing in marts so nothing to replace cattle with if you sell unless you are at the 70-90 day game. Even then some of that type of cattle may be going for slaughter.
As well cattle are back thriving after drought in May but I am finding cattle starting to grow as opposed to starting to flesh. I am in no hurry to slaughter as nothing available to replace them with

Keep Sluicing wrote: »

Sent off 16 bullocks yesterday. Priced at 3.85/kg. Should get the factory report this afternoon. My dad reckon they were the finest group we've sent off in 15 years. Hoping for at least 8 U's and 8 R's. Maybe 10 U's . Great year for putting weight on cattle.

Best of luck. Ya can’t bate the satisfaction of sending off a good batch of cattle. It’s the price though that’s the sickner.