wrangler wrote: » Why would prices rise with Beef Plan driving them down
Jjameson wrote: » Low margin my hole. Taking company pre tax profits without knowing what they are before director and executive remuneration and expenses are deducted and dividing by through put is indeed a low margin.
Jb1989 wrote: » I agree with you , takeing his money then saying you didn't get enough, over and over again is stupid. The time spent giveing out about him surely could be put to better use. Don't agree with, go big or get out, as a be all and end all mantra. The man with 50 u grade catlle will get more than a lad with 50 bad r's. Its about quality as much as quantity, with diversication , if required.
Jjameson wrote: » At farm gate level both enterprises are farm gate price takers. One has open book cooperative processor who actually answer questions if they fall price. A beef baron family member had a horse with a south east trainer a couple of years back and after winning a grade one in leopardstown all connected were brought to a Michelin star restaurant in Dublin(cancelled other bookings) The trainer enquired about partially remuneration of the evening and discovered it was paid as corporate expenses by the processding company! In the region of 6k. Would this happen in glanbia? The death of a Slaney managers mother had gorey town like a scene from the boom a couple of years back with politicians, helicopters, (2 belonging to Goldman’s one unknown) flying into a gorey hotel. Reality is indeed a dose a lot of posters could do with.
Jjameson wrote: » But where are you procuring the low margin theory from?
richie123 wrote: » Sure its widely known throughout the industry same with Ryanair etc sell em cheap and pile em high. Its the sheer quantity of product he handles its the same in most business throughout the world over the bigger you are the more u make. Obviously I can't ultimately back up my low magin theory because goodmans accounts are never published openly.or not that I know off anyway.
wrangler wrote: » Excessive margin allows in the competition, You wouldn't have a high margin business going long in the real world before there'd be competition
Jjameson wrote: » It’s certainly not widely anything. Bass done a very good detailed piece on the mathematics some time back and unlike the simpletons in a farming publication who simply divided publicised company nett profits by throughout, (30€ or something daft) he valued the gross worth of the animal after processing, and it’s not a small margin by any means of the imagination! But why do the Goodmans, Quaelly’s and Browne families drive the knife into producers at every chance? We do agree on this. Because they can. And because they can they do.
Jjameson wrote: » But Irish Haughey era beef processing was not the real world.
Bass Reeves wrote: » How can competition come in. SRM has to go through ABP plant. Therefore you only get your quota....that is if you get a quota.
richie123 wrote: » The reality of what James?? The man's a multi millionaire. Why wouldn't he have helicopters ? Jazus if I had his money and farmers throwing cattle at me to slaughter sure I'd be laughing too. Famers literally lining up to give Larry lots of chape cattle. Only one crowd to blame here and its not Larry.
Dunedin wrote: » So what’s the alternative. The line is thrown around fairly regularly. Totally agree about giving Larry cheap beef but if the boyos are not there, where I can go with my beef. So am I going to go out and sell every animal I have and not replace them. Leave land idle or plant it. No I’m not. I’ll tip along with my 20 sucklers and between subs and sales I’ll have close on €30k for myself for about 10 hours a week. Would I like more - of course but it’s the hand in the dogs mouth when I go to sell. Am I happy - no. What’s the alternative- I don’t have one
ruwithme wrote: » 4 Sounds like another blockade is building up on here.
ruwithme wrote: » 4 pages of beef price tracker in just over a day, i was expecting some serious price positives. Sounds like another blockade is building up on here.
Base price wrote: » Just wondering - does all the SRM produced in the 26 counties have to go through a ABP plant or are there exceptions? I read somewhere in the past that there is a limit on the mileage that SRM can be transported too but maybe that has changed in recent years?
Jjameson wrote: » There’s only two small shop butchers with abattoirs in co Wexford and we get our meat here in one of them. Asking him one day were we right or wrong to be shaking our fist at larries minnions I was told we were correct and that he has to deliver and pay Abp to take srm and offal from him while it’s value far exceeds its processing. But non the less the two medium sized independent abbatoirs near here seem to be moving on in the last 18 months. Big expansion in one. They were who are really locking horns with the northern buyers since before Christmas and have put the floor on prices. Particularly “out of spec” cattle.
Base price wrote: » The independent factories seem to be doing a great trade between taking out of spec cattle and non qa as well.
Jjameson wrote: » Thanks to Charles j Haughey Abp have been with us all way paying for your cattle “the day they weigh” Doesn’t page 7 of the journal just warm your heart like a fiddle playing the Marino waltz by the peat fire!
DBK1 wrote: » Anyone get any prices or kill any lately?
Cavanjack wrote: » Got 3.75 for bullocks last week but I think they have risen this week.
Anto_Meath wrote: » It mad, doing well to get €3.75 base for bullocks hitting all specs and a flat €3.55 for cows mix of all kinds of everything over ten year old 5/6 movements it doesn't add up. The factories are more interested in the cows than the bullocks.
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