The Strike is over. What happens now?

Albert Johnson wrote: »

+1 on that assumption. Emerald green have gone very quiet of late, they were more active last back end but I haven't seen them at all this year. Having said that I haven't seen much exporter activity around the ring in recent weeks, what export markets are actively sourcing continental stock atm?

To avoid confusion and I didn't mean to infer that one organisation was the same as the other. There is a difference between Emerald Isle Beef Producers and Emerald Green (livestock export company) that was put into liquidation a few years ago.

Emerald Isle Beef Producers group was set up recently by Eamonn Corley and other members of the Beef Plan organisation - the fellas who instigated the recent beef factory blockades.

Anyway notwithstanding the above, who pays for the cattle when they are collected from your yard. Many a farmer has been caught on the wrong side of the fence and has to represent cheques in the hope of payment and in some cases in order to establish a paper trail for future litigation.
https://www.farmersjournal.ie/cattle-company-wound-up-in-high-court-184370

https://www.agriland.ie/farming-news/second-beef-producer-group-in-the-pipeline/

Albert Johnson wrote: »

Sorry my mistake, I had heard of Emerald Isle Beef Producer's but assumed when the export market was mentioned it was in reference to Emerald green. The issue of payment is still a valid concern and I don't know how it can be rectified. There's several different links in the chain as regards payment and once the stock are gone there's very little recourse available afterwards. As for the suggestion of using marts to guarantee payment there usually already carrying credit from stock bought within the mart and I don't know if taking on more risk is well advised. The mart isn't guaranteed there money either so it's only transferring the risk from one party to another as opposed to removing it.

I remember reading a article within the last year or two where livestock marts have to have an amount of cash available in a contingency account (simular to solicitors and auctioneers) in order to pay vendors. I thought that it was covered in the recent Livestock Marts regulations, however I stand corrected.

Agree that payment is a worry, it always is. It would add a cost but could POs have a bond types cover?
The sale of the Italian destined heifers is through the Emerald Isle Producer Group, I think, at least initial contact is through them.

Albert Johnson wrote: »

Maybe it is, I'm not that well up on the matter but from my experience in the mart business there's always some special circumstances at play. Bond cover may also be an option again I'm far from an expert on the matter. Live exports are a volatile business and are prone to failure due to global factor's that are often outside of our control. I think it would open a lot of people's eyes if they saw how much debt some marts carry from domestic nevermind international customers and the trouble associated with collecting this payment.

I know of at least two big finishers who would have a credit limit of 300k in the Midlands. They effectively use the mart as a bank. Some big dealers got a full months credit.

K.G. wrote: »

Could the strike result in price rises in Ireland due to world prices rising being delayed.they aint going to rise them at the moment while they are ploughing through the backlog .the irony of it

I think the price rise will come harder and faster than lads think. Processor's cannot use restricted feedlot beef for Chinese market. Kill jumped something savage last week. Normally processor's slow down throughput from Dec 1st until Christmas week.due to white meat. This may not happen this year.

However the price rise will be conditional on type of cattle. U 30 months cattle from unrestricted herds may see a sharp rise in price. Bulls U 24 months may well be in serious demand this year. Other cattle may not see same price jump.

Processor's feedlots and restricted feedlots could be redundant this year

K.G. wrote: »

Do ye remember lads were saying that feedlots weren't buying ,that was emptying and resetting the clock as tb free feedlots

They'll be a loss to restricted herds although i hear they were well able to discount the price........ if they paid at all

Panch18 wrote: »

I said that ages ago, the backlog of cattle means that the factories won’t have to raise the price of beef in line with beef price increases in other markets, and these are clearly rising.

Irony is an understatement in my opinion, it would be pure comical if it wasn’t so bloody serious

Would you prefer if the Base was €3.20 / kg for the last 2 months and the rising it 5 cent a fortnight now ???

MIKEKC wrote: »

Show us proof that the base price would have been e3.20

Show us the proof it wouldn't

Plus the factories don't want them, €2/ kg if you could get them to take them isn't going to encourage anyone to send them in.

Bass Reeves wrote: »

Show us the proof it wouldn't

Robson99 asked if we would prefer e3.20 so he must have some reason to make that statement. At no stage did I say that I had any information what the price would be

I did say a couple of weeks back that larry wasnt buying. I know a couple of farmers that sold him heifers in the last week so he is back buying again

mf240 wrote: »

Be very hard for big feedlots to remain clear though, sheer numbers mean the chance of having a doubtfull are high.

Jjjack77 wrote: »

People saying beef would be 3.20 are just trying to justify the strike, most people realize dat the strike done a lot more damage than good

Agree completely nobody yet showed proof it would be e3.20 Serious damage done to trade. Over 30 months impossible to get away. Feeding at e3.45 very expensive.