€5.20 base plus qa plus hex or aa bonus would have you at €5.50-€5.60 for O grades, it wouldn’t be too far from the flat price of €5.60 but obviously if flat price is available it’s the better option.
The f=÷×'@s are taking us for a ride. I encourage ever farmer to give their booking agent grief this week.
Think of this…
Exporters are and going to be massive.
Bluetouge is a major issue everywhere except Ireland.
UK cattle numbers way back. Irish beef is next on the British shopping list.
400e difference in the beef barons pocket against the farmer who fails to haggle.
Ground conditions in my part of the country r holding really well.
Christmas market is longer than you think, I clarify this as supermarkets require almost a month's for dry aged beef.
Factories are killing everything with flesh ATM.
U won't find this information in the rag or the indo.
Will we break the €6 this winter so? Here’s hoping!
The difference between us and the uk would have us well over €6 base if we were getting the same.
Hopefully it will lead to a good improved price for next year aswell
The kill numbers are still up and ahead of last year despite Bord bia prediction of over 40k less cattle. Throw in the heap of exports at the moment and all year, reduced weights, poor cattle thrive, the cards are starting to stack in our favour.
I get the feeling that the feedlots are at sixes and sevens. The traditional emptying out times ( oct, Feb, May august) to suppress farmer prices has gone out the window, due to lighter carcass, slower grass growth set grass cattle back 6-8 weeks, the exporters boats and the lorry from over the border is also helping. If numbers are tight, the feedlots must be reduced in numbers and there is greater competition for store and forward store cattle. The raw material is not there for the short keep cattle game unless you have a serious inside track on price.
This is a winter that I'm looking forward to on cattle price.
BTW have 4 overage FR cattle to go. What people's thinking, Mart, hook or hold for 3-4 weeks?
I'd love to comment more but I can't. Just harden up.
there’s more than that to be got if you have numbers
I got €5.35 flat 2 weeks ago, they were anxious then but wouldn't stretch to €5.40.
Hopefully it'll keep going up and up, and I can push harder and harder.
What would the price of beef want to be this time next year to leave a profit with the way the store prices are at the moment? They seem to be getting dearer every week
about 7 euro a kg for some of them weanlings 🤣
I know a man that buys at least 300 stores a year. He claims not to worry too much about what he pays for cattle. He says if the beef falls in price then so too will the store. I’ve heard it said that the profit is what you’ve left after replacing stock, not what you have after selling.
If you're constantly replacing stock as you killed the previous one's then yes I could see his point. If the beef price rises then so does the store price and vice versa with a drop in beef price. You're working off the bit in between and if the profit margin isn't there when it's an average trade it won't be there in a bumper year. Infact you'd probably make as much if beef was a middling trade and less money tied up in replacements compared to beef reaching new highs and stores extraordinarily dear. If replacements are 20% dearer atm than other years that's an extra €20,000 on every €100,000 you've traditionally put up with no guarantee of a greater return.
Where the wheels really have the potential to come off the wagon imo is in a seasonal trading system. If you're soley buying at a certain time of year and solely selling at another (eg. Summer grazing) then the purchase price is of huge importance to you're goal of profitability. Buying cattle in the spring at traditionally the peak price point to sell in the autumn at typical lowest price point could spell disaster for you're hopes of a return as you've no insulation against market peaks and troughs. I'm more and more of the opinion that to make beef farming profitable you have to be able to stay trading year round. There's certain times of the year when cattle can be bought right enough and more times when it's lunacy to try and compete. Take all spring for example it was crazy what was paid for stock, there was a few weeks in July/August when certain cattle looked value and then the trade steadied again to what it is currently. I'd expect there to be some value again in November/December before grass fever starts to make a resurgence after Xmas.
Offered €5.50 flat for 12 aa x fr heifer this morning…think it's OK for a small load?
A lot of lads doing numbers usually stick to the one type of cattle for certain markets and factories, from my time in factories a lot of men had the same type of cattle each year, one neighbour finishes young dried off Fr dairy cows, another lim and char heifers and no other breeds won’t touch a blue at all,
How would you grade the heifers? Sellers are in control this week.
There is a merit in that but he also has scale and land base.
Knowing that one could be stuck with another 8 month winter is a real problem for a lot of lads. A lad would notice the bit of a rise in costs.
Mix of o=/o+ 3+
white head and Angus heifers 500kgs plus making 3 euro a kg or a touch more in gortalea sell very hard lads
would they be going straight for killing?
Big variation of quality within those breeds. Are you talking rare enough R and O+ or run of the mill O-?
nice flesh but I’d say they will be fed on
0= 0+ heifers
Hard to believe that they will be fed on. Feedlot would want a contracted price of 6.5+/kg to make a margin
factory feed lot man bought most of them
doesn’t matter to them just shows you what’s going on
There's a fortune being made by a few these times.
factories are cleaning up beef isn’t making Whst it’s worth at all just look at Brazil it’s after going mad over there in the last few weeks and don’t talk about what they are giving for good weanlings for export here
€3 - €3.10 a kilo mart weight is the current factory price at the minute so if they’re fit to kill they’re only making what they’re worth.
€5.20 base price plus €0.20 qa and €0.20 breed bonus is €5.60 for an r grade, €5.48 for an O+. They’ll kill out at least 55% of their mart weight from Gortatlea and I’d be expecting it to be even more than that from experience buying there so that’d have you at €3 - €3.10 mart weight price.
If it’s a factory feedlot buying them he could be on €5.70 or €5.80 flat price so they’d be worth a bit more to him.
Adam woods making out Angus heifers making near €6 in the factory, including a club bonus. Club bonus hardly worth near that is it?
thst thing is a load of bullshit really maybe if you have suckler AA or WHs it might work but they are giving the feed lot men the same price flat for the average ones
0= or 0+ won’t kill 55% of mart weight on them kinda a cattle what you are saying is kinda right I must admit all right but your calculations are wrong
