Beef price tracker 2

White Clover · 16-12-2020 07:08PM

Bass Reeves wrote: »

It interesting that CRH is after publicly announcing that it is returning the COVID employment payments that it received earlier in the year. It stated it took the payment at the time but that there was not a substantial enough effect on its market for it to retain the payment and that in the economic interest of the country it could not in good faith retain the payment. I think as well it stated that it markets recovered even though it took a hit earlier during the lockdown

I think Google and a few other Internet companies as well returned payment. IKEA was one of the first retail companies to refund exchequer payments in lift of not suffering a huge economic hit.

However it interesting that one again MII goes running to the government. It interesting as well that over the last 2-3 weeks Gastro pubs and Restaurants could not access the quanties they required of AA especially but HE steak as retail demand of supermarkets was taking more of this product than normal.

In a normal market in such a situation competing companies would try to grab market share and procure extra supplies by either actively competing againstinst each other for these cattle or use it as a chance to change specifications such as allowing bonus on these on cattle up to 36 months

The worst of it is that farm originations and farm publication never question this BS but consider the answer to be subsidities which do not reflect the market cost to farmers.

Even though I have a few cattle that will be slaughtered now and after Christmas I prefer if government refused and we started to see hard questions asked of why more cannot be extracted from the market

Looked for a few beef dinners for a group last week, only 7 to be got!!

wrangler · 16-12-2020 07:50PM

Bass Reeves wrote: »

BS COVID has been used as an excuse to supress beef prices. They were fast enough to dish out the price decrease in April but are using it now to strangle the recovery. Rations are up by 50/ton in last 12 months.

Only money farmers got was the winter prices support. My understanding is that some if not all processors have received the COVID wage support. It has more than compensated them for any extra costs. They seemed to have strong demand all summer since late May.

There is also an onus on larger companies who are hugely profitable to behave ethically. It interesting as well if rumours that the Goodman family are supposedly looking to exit the ABP and possibly float them as a PLC. The EU is looking more closely at the meat processing industry and the imbalance within the industry. Maybe. The wild west ethos within the industry is coming into too close scrunity

Old people used to say that if you keep doing what you made your money on you'll eventually lose it, I've seen loads of examples of this over the years.
Good operators know when to cash in

kk.man · 17-12-2020 12:13AM

TBF there is a possibility of a doomsday scenario looming but no one can say for certain what the actual effect will be on the industry.

What I got from the joint statement was the fact that these 3 or 4 processors came together and issued it. They have repeatedly stated they don't talk to each other! Now before the keyboard warriors attack me, haven't they a little vehicle called MII for that very purpose.

Bass Reeves · 17-12-2020 12:27AM

kk.man wrote: »

TBF there is a possibility of a doomsday scenario looming but no one can say for certain what the actual effect will be on the industry.

What I got from the joint statement was the fact that these 3 or 4 processors came together and issued it. They have repeatedly stated they don't talk to each other! Now before the keyboard warriors attack me, haven't they a little vehicle called MII for that very purpose.

Lethal Weapon quote

Roger Murtaugh : [discussing a theory] That's pretty ****ing thin.

Martin Riggs : That's very thin.

Roger Murtaugh : What the hell, thin's my middle name.

It just a coincidence like they say thin mighty thin

Cavanjack · 27-12-2020 12:52AM

Any predictions as to what the price of beef will be over the next few months with the brexit thing sorted (hopefully)? Numbers are sure to tighten with less finishing this winter due to the uncertainty.

Hagimalone · 28-12-2020 03:58PM

When are factories back killing?

Jb1989 · 28-12-2020 04:41PM

Hagimalone wrote: »

When are factories back killing?

Kepak was due to be killing 3 days this week.

DukeCaboom · 28-12-2020 07:27PM

Hagimalone wrote: »

When are factories back killing?

Ours is back tomorrow. They were saying its some pain in the hole with lads gone home & having to quarantine when they're back.

dryan · 28-12-2020 11:20PM

Any quotes?
Held a few steers back in November. Quoted 3.70 today so no sign of change.

Jb1989 · 28-12-2020 11:53PM

dryan wrote: »

Any quotes?
Held a few steers back in November. Quoted 3.70 today so no sign of change.

Donegal still the pick at 3.80 if meeting the requirements. Don't expect a price rise as it was starting to slip the days before Christmas. Holding onto current base is all I can imagine atm

893bet · 29-12-2020 01:28AM

Looking to get a very nice heifer away. First one we have killed ourselves I would say in 4 years!

cute geoge · 06-01-2021 12:47PM

6 wh heifers coming uo to 30 months Jan 20th ,there fed with 2 months but could do with more .I suppose the best option is to kill next week marts might not even be open down here in kerry direction .What price should I be looking at for them

Jb1989 · 10-01-2021 01:13AM

cute geoge wrote: »

6 wh heifers coming uo to 30 months Jan 20th ,there fed with 2 months but could do with more .I suppose the best option is to kill next week marts might not even be open down here in kerry direction .What price should I be looking at for them

Marts open atm. As good a trade this week as before Christmas. Get on to some agents and let them eyeball them for fat. You've option's anyway.

DukeCaboom · 10-01-2021 09:55AM

Anyone see Roscrea fat stock Friday.
Alot of the cows needed €4 to wipe their face. I've never seen a sale like it.
I killed a fair cow during the week I'd say I was €350 short looking at those prices.

buffalobilly · 10-01-2021 02:04PM

Would it be any advantage to have finished heifers export tested ?
If selling in mart all under 24 months and QA

richie123 · 10-01-2021 05:16PM

DukeCaboom wrote: »

Anyone see Roscrea fat stock Friday.
Alot of the cows needed €4 to wipe their face. I've never seen a sale like it.
I killed a fair cow during the week I'd say I was €350 short looking at those prices.

I saw that too absolute mad prices ... factories are giving lots in the mart.

cute geoge · 12-01-2021 07:23PM

I saw there in the journal bonus of up to 25 cents for aa and hereford heifers .What factories is this bonus available in .Aibp quoted me E3.75 base last week and 10 cent hereford bonus

Jb1989 · 12-01-2021 08:05PM

cute geoge wrote: »

I saw there in the journal bonus of up to 25 cents for aa and hereford heifers .What factories is this bonus available in .Aibp quoted me E3.75 base last week and 10 cent hereford bonus

Balinrobe interested in Angus all I know
Donegal still around top of the pops for normal heifers. 3.85 plus 10 cent if between 300 and 380 kg

weatherbyfoxer · 12-01-2021 11:53PM

dawn meats paying 20c all the time for aa bullocks and heifers..might be another 5c on it now with price increases

Cavanjack · 13-01-2021 09:33PM

It’s not much use to the lad that’s buying them in a mart to finish. Poor Angus heifers were making as much as good Charolais ones before Christmas.
It was probably factories that were buying them though.

Duke92 · 21-01-2021 09:38PM

This just shows how bad some of Agriland articles are
Doesn’t even know what BEAM stands for.

https://www.agriland.ie/farming-news/beam-me-up-minister/

Duke92 · 22-01-2021 01:37AM

Jjameson wrote: »

Does it not make a fair point?
We knew what the terms were when ticking the box.

Not really Teagasc advised everyone to apply for it weather they qualified or not.
Covid marts efected the prices of cattle last summer in which it made no sense for a farmer to sell his cattle if he didn’t have to.
Even now there is no way of looking up will you or won’t you qualify for it
Image a suckler farmer with 25 cows on 50 acres has to reduce his stocking by 5% to get €1000
A few years ago the dairy farmers got €1400 each with no terms and conditions when milk price was low for a couple of months

richie123 · 22-01-2021 09:08AM

Duke92 wrote: »

Not really Teagasc advised everyone to apply for it weather they qualified or not.
Covid marts efected the prices of cattle last summer in which it made no sense for a farmer to sell his cattle if he didn’t have to.
Even now there is no way of looking up will you or won’t you qualify for it
Image a suckler farmer with 25 cows on 50 acres has to reduce his stocking by 5% to get €1000
A few years ago the dairy farmers got €1400 each with no terms and conditions when milk price was low for a couple of months

That's incorrect that was a dairy milk reduction scheme .
There should be no changes made to any scheme ...we all signed up knowing the conditions.
Including myself I reduced by the 5 %nescessary and to change it now would penalize those who followed the rules.

FeelTheBern · 22-01-2021 09:22AM

Duke92 wrote: »

Not really Teagasc advised everyone to apply for it weather they qualified or not.
Covid marts efected the prices of cattle last summer in which it made no sense for a farmer to sell his cattle if he didn’t have to.
Even now there is no way of looking up will you or won’t you qualify for it
Image a suckler farmer with 25 cows on 50 acres has to reduce his stocking by 5% to get €1000
A few years ago the dairy farmers got €1400 each with no terms and conditions when milk price was low for a couple of months

I’ve sucklers and would have been madness not to reduce my stocking rate to get the BEAM. Not a hope of making that BEAM money off the stock I had to cut anyway.

I didn’t agree with the requirement to cut numbers when the scheme came out, I still don’t agree with it now, but the requirements were very clear from the start. Should be no change now.

wrangler · 22-01-2021 09:26AM

Duke92 wrote: »

Not really Teagasc advised everyone to apply for it weather they qualified or not.
Covid marts efected the prices of cattle last summer in which it made no sense for a farmer to sell his cattle if he didn’t have to.
Even now there is no way of looking up will you or won’t you qualify for it
Image a suckler farmer with 25 cows on 50 acres has to reduce his stocking by 5% to get €1000
A few years ago the dairy farmers got €1400 each with no terms and conditions when milk price was low for a couple of months

I doubt if that's true, it's time farmers took responsibility for their own stupidity mistakes. these schemes are more difficult to get across the line in Europe if there's any risk of increasing production,

Bass Reeves · 22-01-2021 10:29AM

Duke92 wrote: »

This just shows how bad some of Agriland articles are
Doesn’t even know what BEAM stands for.

https://www.agriland.ie/farming-news/beam-me-up-minister/

Just because he made a mistake in name is no reason that the article may not be well put together. Having read the article everything he said was correct.

Like Feel the Bern I too taught the rule's at the time were unfair. Drystock margins are very tight however and expecting some to reduce stock by 5% for a few hundred euro was crazy. In my case I was getting 400 euro I was caught by the reference year changing my system and by having to slaughter cattle early due to the drought. I always treated it as a 400euro loan.

However there is no excuse for farmers with higher payments. It was just a matter of putting a plan place. Most just did not bother. It would be totally unfair to people that observed the rules or did not apply for the scheme for to change the rules now.

Robson99 · 22-01-2021 10:34AM

The 5% was a balls but lads knew what they were signing up to. Did I like the idea of reducing numbers ...not likely but I had 2500 to get out of it. Now that would be the equivelant of say nett profit on approx 10 cattle for the year. Too much to leave behind for me for no hardship.
Some lads want bread buttered every side and edge.

It's hard to have a good excuse for not complying if lads really wanted the money. Me thinks the little increase in the factory price has lads thinking they are missing out on a pot of gold come next back end. Make an extra bit of silage and stock up again next back end

Bass Reeves · 22-01-2021 12:39PM

Jjameson wrote: »

In thought the reduction wasn’t the worst idea. Beef in any intensive way is a low or no margin game due to the antics of a processing cartel. Reducing output may hurt the fert and imported feed/processing cartel but it won’t hurt us.
Bar your locked up with tb or some other mishap.

It would be a kick in the stones for a suckler guy to have sold Bessie and red ears (she lost this years calf but she always had a good one!) to see an amnesty for lads that didn’t bother to comply?

And that is all a lot if suckler lads had to do was cull a cow that lost a calf or.not replace a cow that was culled. If they were replacing a bull cull sell him in August rather than hanging onto him until he had more flesh on him.

Duke92 · 22-01-2021 02:10PM

richie123 wrote: »

That's incorrect that was a dairy milk reduction scheme .
There should be no changes made to any scheme ...we all signed up knowing the conditions.
Including myself I reduced by the 5 %nescessary and to change it now would penalize those who followed the rules.

It wasn’t the dairy reduction scheme
It was
EU and National flat rate dairy top up payment
Paid in 2015 you didn’t even have to apply for it it was paid automatically

Base price · 22-01-2021 02:28PM

Duke92 wrote: »

It was the dairy reduction scheme
It was
EU and National flat rate dairy top up payment
Paid in 2015 you didn’t even have to apply for it it was paid automatically

I remember hearing about all sorts of shenanigans going on over that scheme. Fellas that applied for it never really reduced their production but transferred milk to a neighbours tank.

Beef price tracker 2

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