beef price tracker

Bass Reeves · 30-08-2020 2:17pm

CloughCasey1 wrote: »

I dont know. Hard to buy cattle to match that price. Someones or a lot of peoples crystal balls are banjaxed.

Looking at prices at present a 400kg Fr store is 150 ahead of last year. beef prices are 15c/kg ahead of last year but dropping at present. 15c on a 335 DW animal is 50 euro. Hard to understand the economics of it. However 2019 cattle numbers are lower than 2018.

However its not the store price that is wrong it is the finished beef price. If store prices drop too much store producers tend to finish there cattle and not replace. 2020 bucket fed weanlings are priced crazy compared to anything else

Hill Bill · 30-08-2020 3:36pm

morphy87 wrote: »

Any quotes for this week?

€3.60 is the best I can get for a load of bullocks in the east. Not being cut for overweight though which is of more value to me than the extra 5 cent.

Still nowhere near good enough when you compare it to beef prices up North & in Britain!

DukeCaboom · 30-08-2020 3:37pm

Bass Reeves wrote: »

Looking at prices at present a 400kg Fr store is 150 ahead of last year. beef prices are 15c/kg ahead of last year but dropping at present. 15c on a 335 DW animal is 50 euro. Hard to understand the economics of it. However 2019 cattle numbers are lower than 2018.

However its the store price that is wrong it is the finished beef price. If store prices drop too much store producers tend to finish there cattle and not replace. 2020 bucket fed weanlings are priced crazy compared to anything else

415kg fr yesterday in macroom made €730. Now they weight bad but still.

kk.man · 30-08-2020 8:03pm

DukeCaboom wrote: »

415kg fr yesterday in macroom made €730. Now they weight bad but still.

Saw a 400kg fr in Kk mart make 650 but they weighed well. That's about the run of them madness really. Wintering costs and time and animal still not near finished.

DukeCaboom · 30-08-2020 8:10pm

kk.man wrote: »

Saw a 400kg fr in Kk mart make 650 but they weighed well. That's about the run of them madness really. Wintering costs and time and animal still not near finished.

And the funny thing this week down here you'd struggle to get €800 for 500kg fr

kk.man · 30-08-2020 8:52pm

DukeCaboom wrote: »

And the funny thing this week down here you'd struggle to get €800 for 500kg fr

I know probably a better buy.

kk.man · 30-08-2020 9:48pm

Jjameson wrote: »

Ah hardly madness if they good Kilkenny type friesian?

At 3.60 it is...

Duke92 · 30-08-2020 9:58pm

Jjameson wrote: »

Ah hardly madness if they good Kilkenny type friesian?

Don’t sound to bad
Was I Kik Thursday seen nice Fr 455kgs making €800

Bass Reeves · 30-08-2020 10:08pm

Jjameson wrote: »

Take a guy hanging up similar cattle that are 12 months on,say 650 700 kg €1150 to €1200 wouldn’t a guy on a low cost grass finish system be happy enough with the changeover?

no

Duke92 · 30-08-2020 10:10pm

Jjameson wrote: »

Ah hardly madness if they good Kilkenny type friesian?

Don’t sound to bad
Was I Kik Thursday seen nice Fr 455kgs making €800

Duke92 · 30-08-2020 10:12pm

Jjameson wrote: »

Take a guy hanging up similar cattle that are 12 months on,say 650 700 kg €1150 to €1200 wouldn’t a guy on a low cost grass finish system be happy enough with the changeover?

Yes be a nice touch for little cost

ruwithme · 30-08-2020 10:13pm

Jjameson wrote: »

https://www.donedeal.ie/view/25798790

Thoughts?

Twud look better fried

Bass Reeves · 30-08-2020 10:20pm

Duke92 wrote: »

Yes be a nice touch for little cost

Do it if you like but 350-400 gross margin after a winter and having them 8-10 months is a mugs game. You barely be covering costs

Bass Reeves · 30-08-2020 10:21pm

Jjameson wrote: »

Ah never mind hungry hoors!! but a lot of beef finishers content with a lot less.

as I say mugs

Bass Reeves · 30-08-2020 10:35pm

Jjameson wrote: »

1200- 650 is €550 gross?

sorr I taught it was the 800-850 euro friesians you were on about.

richie123 · 31-08-2020 8:37am

CloughCasey1 wrote: »

I dont know. Hard to buy cattle to match that price. Someones or a lot of peoples crystal balls are banjaxed.

Or there just getting a lot more per kilo than the average farmer.

richie123 · 31-08-2020 8:41am

Panch18 wrote: »

Where exactly have you seen this??

Any cattle I've bought vat is added to ring price 4.8%...now I could be wrong!!

dryan · 31-08-2020 9:21am

3.60 base for steers here this morning - midlands.
Let a few off at that.
Fought it out with the agent on the phone last night but not a cent more to be got.

Duke92 · 31-08-2020 9:27am

Jjameson wrote: »

1200- 650 is €550 gross?

Some beef farmers not great a maths

Bass Reeves · 31-08-2020 9:49am

Duke92 wrote: »

Some beef farmers not great a maths

I be good enough at the maths. I always work of cost getting an animal inside the gate. 1200-650 is 550 less mart fees and transport leaves a margin of 530. It a small bit on the tight side for me.

wrangler · 31-08-2020 9:51am

Bass Reeves wrote: »

I be good enough at the mats. I always work of cost getting an animal inside the gate. 1200-650 is 550 less mart fees and transport leaves a margin of 530. It a small bit on the tight side for me.

not so good at spelling

Bass Reeves · 31-08-2020 10:04am

wrangler wrote: »

not so good at spelling

Corrected that happy now.

cute geoge · 31-08-2020 3:22pm

Bass Reeves wrote: »

as I say mugs

Will you buy no cattle so because it looks like stores are not going to drop in price then again they might be back 100 next week
Talking to a retired cattle man whos son took over and he would not buy cattle because they were too dear this year ,the retired man wondered sure if you do not buy anything how the hell can you make anything because selling silage will not break even !!

richie123 · 31-08-2020 9:32pm

cute geoge wrote: »

Will you buy no cattle so because it looks like stores are not going to drop in price then again they might be back 100 next week
Talking to a retired cattle man whos son took over and he would not buy cattle because they were too dear this year ,the retired man wondered sure if you do not buy anything how the hell can you make anything because selling silage will not break even !!

True an be hard sold is well...most farmers have plenty of it

Bass Reeves · 31-08-2020 9:37pm

cute geoge wrote: »

Will you buy no cattle so because it looks like stores are not going to drop in price then again they might be back 100 next week
Talking to a retired cattle man whos son took over and he would not buy cattle because they were too dear this year ,the retired man wondered sure if you do not buy anything how the hell can you make anything because selling silage will not break even !!

I buy less and buy out of spec cattle. With Friesians if they get dear margin can dissappear very fasy.

Cavanjack · 01-09-2020 8:04am

Bass Reeves wrote: »

I buy less and buy out of spec cattle. With Friesians if they get dear margin can dissappear very fasy.

Have bought a few stores myself That will be out of spec when killing this time next year. Only sort of yolks I saw any value in so far

Bass Reeves · 01-09-2020 9:35am

Cavanjack wrote: »

Have bought a few stores myself That will be out of spec when killing this time next year. Only sort of yolks I saw any value in so far

Easier to get a 550 euro Friesian to 1150 it virtually impossible to get a 800 euro Friesian to 1400 euro

Bass Reeves · 03-09-2020 5:36pm

Jjameson wrote: »

Friesians now have more variation within them than any other breed. Cattle coming in + - store price can leave a variation of + - 300 on weight gain/ ko alone.
It’s very easy buy these type cattle too dear and the fear of giving a little more for the better one often leaves them great value.
And it’s not square old fashioned bf cattle I’m talking about as they don’t stretch fast or big as good square big friesian such as kk mart is renowned.

I perfer to buy hungry empty Kerry Friesians. Bought a few lately 330 kgd 500 and 370kgs, 560 euro inside the farm gate for that.

Cavanjack · 03-09-2020 6:34pm

Bass Reeves wrote: »

I perfer to buy hungry empty Kerry Friesians. Bought a few lately 330 kgd 500 and 370kgs, 560 euro inside the farm gate for that.

Will you get them killed before next winter or will it be the following year?

Bass Reeves · 03-09-2020 9:48pm

Cavanjack wrote: »

Will you get them killed before next winter or will it be the following year?

Hopefully the majority will be hanging before next winter.

T0001 · 06-09-2020 10:08pm

Fight hard for the prices. Deals to be got out there.

Managed to get €3.62 last week in Liffey for bullocks, with 10c/kg bonus for Angus. Had 4 over 400kgs (up to 427kg) and wasn't cut. And had a red hereford grade U- (somehow, I'm still in shock on this one).

Cavanjack · 06-09-2020 11:13pm

T0001 wrote: »

Fight hard for the prices. Deals to be got out there.

Managed to get €3.62 last week in Liffey for bullocks, with 10c/kg bonus for Angus. Had 4 over 400kgs (up to 427kg) and wasn't cut. And had a red hereford grade U- (somehow, I'm still in shock on this one).

Killed bullocks last week over 450kg. No mention of cuts.
Maybe with less bulls in the system now there are fewer heavy carcasses and it’s less of an issue.

Anto_Meath · 06-09-2020 11:44pm

Grading has improved alright, send a load of FR last week, 12 O's & 3 P's, 12 months ago it would have been the other way around with the same cattle, plus the 20 cent bonus makes a nice top up.

gerryirl · 07-09-2020 4:48pm

Anto_Meath wrote: »

Grading has improved alright, send a load of FR last week, 12 O's & 3 P's, 12 months ago it would have been the other way around with the same cattle, plus the 20 cent bonus makes a nice top up.

do you get the bonus on O and Ps

jntsnk · 07-09-2020 5:58pm

Anto_Meath wrote: »

Grading has improved alright, send a load of FR last week, 12 O's & 3 P's, 12 months ago it would have been the other way around with the same cattle, plus the 20 cent bonus makes a nice top up.

Cattle have thrived this year at a fantastic rate. Never had cattle so heavy for slaughter. It’s the year it is. Plenty grass and very good temperatures.

Bass Reeves · 07-09-2020 7:18pm

gerryirl wrote: »

do you get the bonus on O and Ps

No bonus on P grade cattle. You get a 12c/kg bonus on O- cattle. O= and O+ receive the normal 20c bonus. However you lose 6c/kg on the base for 2+ for O grade cattle. As well cattle grading FS4= on O= or lower grading cattle get hit with a 6c loss on the base as well. Everything hits the returns of these cattle.

Anto_Meath · 07-09-2020 7:44pm

Yes, I ment the 20 cent on the ones that graded O= or better which 10 of 12 that graded O's were and they were all 3 and 4 for fat two of the P's were 4 as well.. there was no cut for the 4 fats... in fairness it has been a good year for cattle to thrive.. but I still think factories aren't as hard on the grades as they were for the last few years, maybe they are giving us a few crumbs after all the crap that went on last year.

Water John · 07-09-2020 9:09pm

A lot of it may be about holding down the base quoted price.

mr.stonewall · 07-09-2020 10:23pm

Water John wrote: »

A lot of it may be about holding down the base quoted price.

The way I'm looking at base prices is take 10c of it to compare it to last year. Friesians are being hit hard with the new QA bonus yet if they come of a QA farm they end up with a QA stamp on the pack of mince

Danzy · 07-09-2020 10:27pm

Big change in grades this year as opposed to last few years.

Danzy · 07-09-2020 10:37pm

mr.stonewall wrote: »

The way I'm looking at base prices is take 10c of it to compare it to last year. Friesians are being hit hard with the new QA bonus yet if they come of a QA farm they end up with a QA stamp on the pack of mince

There is nothing in the factories record to make me certain that the grades are to be trusted, that cuts from one are not labelled or boxed as another.

Base price · 08-09-2020 7:09pm

Just a reminder to those who have eligible animals for the Beef Finisher Payment Scheme that the closing date is tomorrow Wednesday the 9th. The IFA have an easy to follow guide to help people apply.

https://www.ifa.ie/sectors/cattle/beef-finisher-payment-scheme-how-to-apply/

locha · 09-09-2020 3:27pm

Anyone getting better then 3.60 base for steers?
I got 3.65 last week but it’s not to be got this week- or so they are saying

ruwithme · 09-09-2020 9:02pm

Not much tracking off beef price here of late.
€3.60 base for inspec heifers in liffey bjd this week.

got €3.65 last week.

Panch18 · 15-09-2020 1:49pm

I see on the auld Facepain there that Beef Plan are going to go into the next Beef Task force meeting and demand €4.50 a kilo as the minimumm price for beef!!

Lots of new tractors will be bought so!!

Bass Reeves · 15-09-2020 2:45pm

Panch18 wrote: »

I see on the auld Facepain there that Beef Plan are going to go into the next Beef Task force meeting and demand €4.50 a kilo as the minimumm price for beef!!

Lots of new tractors will be bought so!!

I do not know why you sneer at it. In reality we need to get above 4/kg of a base for lads to make a decent return. A 380 DW R+grading suckler bullock is making 1450 euro, an O+ grading AA/HE bullock 335DW is leaving 1250 euro and a FR bullock killing 350DW at O- is netting About 1170.

There is not much margin on any of them if brought from calves. IMO we need a minimum base of 390 as and work from there but if prices continue as is dairy farmers will need to be throwing lads a few bob to take calves

straight · 15-09-2020 3:03pm

Bass Reeves wrote: »

I do not know why you sneer at it. In reality we need to get above 4/kg of s base for lads to make a decent return. A 380 DW R+grading Suckler bullock is making 1450 euro, an O+ grading AA/HE bullock 335DW is leaving 1250 we euro and FR bullock killing 350DW at O- is netting About 1170.

There is not much margin on any of them if brought from calves. IMO we need a minimum base of 390 as and work from there but if prices continue as is dairy farmers will need to b throwing lads a few bob to take calves

Dairy farmers are already subsidising the whole thing and I dont know why it should be down to us. A calf a few weeks old, tagged, bvd tested, after drinking at least 40 litres a week, treated for scour, etc. and given away for feck all. Lads can go away then and pay a couple of hundred for weaned calves.

Panch18 · 15-09-2020 4:15pm

Bass Reeves wrote: »

I do not know why you sneer at it. In reality we need to get above 4/kg of a base for lads to make a decent return. A 380 DW R+grading suckler bullock is making 1450 euro, an O+ grading AA/HE bullock 335DW is leaving 1250 euro and a FR bullock killing 350DW at O- is netting About 1170.

There is not much margin on any of them if brought from calves. IMO we need a minimum base of 390 as and work from there but if prices continue as is dairy farmers will need to be throwing lads a few bob to take calves

So do you in all honesty Bass think that it is even in the slightest bit realistic to go in an say that the minimum price should be 4.50 when:

a) current prices are in the 3.60 - 3.70 bracket
b) nearly half our beef goes to UK and look at the mess brexit is in right now.

I wouldn't be surprised if prices will be closer to 3 euro this time next year than they will be to 4.50.

4.50 is just pie in the sky to be going in asking for - there is a better chance of winning the lottery.

gerryirl · 15-09-2020 8:06pm

Panch18 wrote: »

I see on the auld Facepain there that Beef Plan are going to go into the next Beef Task force meeting and demand €4.50 a kilo as the minimumm price for beef!!

Lots of new tractors will be bought so!!

who are beef plan now.. whos going into the meeting on their behalf

SuperTortoise · 15-09-2020 8:10pm

straight wrote: »

Dairy farmers are already subsidising the whole thing and I dont know why it should be down to us. A calf a few weeks old, tagged, bvd tested, after drinking at least 40 litres a week, treated for scour, etc. and given away for feck all. Lads can go away then and pay a couple of hundred for weaned calves.

Pitting dairy lads against the beef lads plays into the hands of larry and co.
Divide and conquer?

beef price tracker

Comments