Mart Price Tracker

THE mist likely reason is that clients funds account is not being managed correctly. The reason usually for this is credit being given to some large buyers.

i heard a few months ago that they are in serious debt. Bit a trickery going on too afaik. Goes with the territory up there I’m afraid.

Manager that is now gone is from the province of connaught, he taught the border boys a trick or two.

So not likely to be open again next week?

I heard stuff in March that made me think the same, lots of people seemed to know about it.

Looks like Ballybay mart will be able to open soon after the High Court case today. It was some feat to build up debts of half a million euros, why were things allowed to get to that stage before anything was done. Trading their way out of this mess will hardly be simple.

What was the result if the court case have you a link. Danger now for them is lads may unwilling to sell there cattle there. If so was selling cattle through a mart I be inclined to carry my stock elsewhere.

With present prices it's the equivalent if 5-750 cattle depending on type. Gortnalea could have 300+ cull cows@650 euro each it would be over 200 k.

The margins in marts are wafer thin. It will take some time to get into the black.

Bigger marts could trade out with economies of scale.

It trying to collect the money. The danger with allowing me excessive credit is that say a lad has a 50-70k bill with Ballybay (BB). He may be using that as credit rather than bank credit. He may have bought more land or be building a shed with a TAM'S grant and is using BB as a source of credit.

Now he is in a situation that maybe where by BB want to reduce his credit. Si now he trades elsewhere and let's the BB debt sit there until he can afford to pay it.

But all cattle must now be paid for on the day so other lads that had shorter credit terms maybe giving 5-10 days post dated cheques probably cannot get that credit either. They will tend to buy elsewhere as well. As prices drop sellers will go elsewhere and some sellers will not go anyway because of fear of not getting paid.

It's a vicious circle. It very hard to draw back 500k in credit especially if some is a loss.

Managing a mart is as much about managing credit for buyers as anything else. In practice though, what can a mart do if a buyer has gone over credit. Does the auctioneer get told told by the manager to just ignore his bids?

Depending on the the mart and that that type of weight it could be a struggle to get them beyond 2.2/kg especially if only R grade. Bought a bunch black LM, 410 kgs for 770 during the week. They are all R+'s if I can get them to enough weight. Heat is going out of stock lads are paying 300/ ton for ration and talk of it going up more.

I seen a lot of ordinary CH when they hit above 500 kgs struggle to make 2.2/ kg. These would often be off plainish cows and a fairly easy calving bull and that was during late September early October. Most went unsold but a nice few lots sold at that as well.

Ya them LM will finish they are a mixed bunch. IMO they did not weight. Heaviest lad is 100 kgs heavier than the lightest one. As long as they are FS 3 they can go out at 30 months.

One lad is Feb 20, two March 20 and the last two April 20.

I do not think they can see my face behind the screen I think I have my own camera switched off. 😊😊

I just tuned into LSL towards the end of a mart. There was some red and red and black LM 12-14 months that came in first one bunch 390 only made 820, then a bunch 360 made 790 I followed them to 770. I was not ready for the first bunch, then the three blacks came in and were opened at 630, I was on them from the start, TBF I taught they would be pulled but fortune favours the brave. If I was not there they only have made 750 or less. I had more or less finished buying however I had to make room for them I think they will turn a Bob

As a friend says if they come in wrong they can never go out right even if you get a massive rise. If they come in right they can often go out wrong.

Bass them were some value is right!..where did you buy (don't answer if u want)...not a hope of buying a LM here at that price...I bought Friesian s same age and weight last spring..yours might have got a bad start in life but the LM has a better chance of making it up later than the FR.

Few strong prices in the McGee sale on Marteye already & only active an hour.

560!!

Vast majority. Like the song says ''West Cork and Kerry''. 100 lotsof bullocks. There will probable be value there if you stay at it.