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Mart Price Tracker

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Comments

  • Registered Users, Registered Users 2 Posts: 166 ✭✭Austinbrick


    TThat's fair culinary knowledge !



  • Registered Users, Registered Users 2 Posts: 7,399 ✭✭✭amacca


    And damn tasty it is too if you mix...as long as you do the rest right as well!



  • Registered Users, Registered Users 2, Paid Member Posts: 5,454 ✭✭✭bogman_bass




  • Registered Users, Registered Users 2 Posts: 994 ✭✭✭Conversations 3


    There was a dealer hauling U grade stores from Kilkenny to Cavan last week for a client. He paid close to 3k for them and then his cut and haulage on top.

    Hard to see profit in that.



  • Registered Users, Registered Users 2 Posts: 181 ✭✭nearlybreak


    suppose there is men out there thst just want good cattle and aren’t in the game for money as they have other incomes but still can’t be thst many fellas thst do things that way



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  • Registered Users, Registered Users 2 Posts: 994 ✭✭✭Conversations 3


    They'll look good in front of the house I suppose and keep the grass down.



  • Registered Users, Registered Users 2 Posts: 7,399 ✭✭✭amacca


    It's hard to understand....I'd assume the majority would want to make a few bob out of it...I mean you'd surely be tempted to try make a bit of money if you were going to the hassle of doing it at all..unless there's a load of lads that just view them as autonomous lawnmowers for the ranch....or you want to show off....Billy big balls with the U grade continentals out in the field by the road!



  • Registered Users, Registered Users 2 Posts: 499 ✭✭huey1975


    It’s not hard to understand at all. Lots of lads , whether bachelors, pensioners or part-time farmers don’t have much interest in making money from farming but would rather look at quality cattle and pocket their substantial SFP. I would have far more interest in looking at a field of Charolais heifers and make no profit than feeding the offspring of a dairy cow and paying more income tax. Farming is a hobby for many and for those hobby farmers to be referred to as a “Billy big balls” has all the appearances of begrudgery



  • Registered Users, Registered Users 2 Posts: 2,258 ✭✭✭Who2


    there seems to be an automatic assumption on this platform that anyone that has good cattle or buys good cattle isn’t making money.
    We are all only guessing where prices will land next year and nobody guessed we would be where we are two years ago .
    fair play and best of luck to the lads who are taking a chance.



  • Registered Users, Registered Users 2, Paid Member Posts: 5,454 ✭✭✭bogman_bass


    why go to Kilkenny? Plenty of that type of animal closer to home



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  • Registered Users, Registered Users 2 Posts: 2,807 ✭✭✭older by the day


    But if his U grade stores from last year were sent off in August, finished with top price, he would have a nice bank balance to buy again.

    He may have bought a few less compared too other years.



  • Registered Users, Registered Users 2, Paid Member Posts: 1,189 ✭✭✭nhg


    Not sure what time the sale in Kilkenny finished yesterday evening but it was still going after 6pm….

    My issue is why isn’t there a water trough in each pen for the animals - it’s not right that the animals have no access to water at the mart.

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  • Registered Users, Registered Users 2 Posts: 7,399 ✭✭✭amacca


    That was just a flippant remark, no real intent to insult…apologies if it did....I'm not an advocate of sticking to any type of stock dairy or otherwise - it would be more types that leave a margin regardless of what they are

    I still find it hard to understand the making no profit bit….

    I'd find it hard to look at a field of cattle knowing they weren't going to make any profit in and of themselves and knowing the investment of time, effort/hard work they took and will take in the future...its not like they are risk free either etc



  • Registered Users, Registered Users 2 Posts: 994 ✭✭✭Conversations 3


    Not sure why, doesn't make sense to me.

    Yea, it finished at 6pm and then cattle would be loaded up until 8pm and then a journey onwards after that.



  • Registered Users, Registered Users 2, Paid Member Posts: 21,160 ✭✭✭✭Bass Reeves


    First the days of old lads sitting in big farm payments are gone, convergence has changed all that. A farmer with a 70 acre farm now would be only drawing a farm payment of 9k, ANC 2.3-2.5 k on good land and that is it.

    I cannot understand the snobbery about cattle. Unless we can see a gross margin of 800+ on an animal it is not purchased. We are trying to hit a gross margin of 1k/ head costs are heading towards 500/ head.

    There is a great satisfaction in seeing an animal hitting 1k plus of a gross profit. You know you are making money. There is no point complaining about factory price if you are not focused on margin per animal. Producing beef at a loss is only reducing other farmers income. As for tax you can spend money elsewhere to avoid tax

    Post edited by Bass Reeves on

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 28 Back4more


    I presume you expect a turnaround of 12 months per animal in your calculations .

    Is 1k gross margin per animal sustainable target in a store to beef enterprise like individual cattle will always out preform the bunch but surely an average gross margin of 1k is a massive goal to achieve.It is not as if stores are cheap this Autumn. Unless Fr stores come in under €3/kg this year ,it is hard to see how you will achieve your 1k margin



  • Registered Users, Registered Users 2, Paid Member Posts: 2,778 ✭✭✭DBK1


    Margin per animal is a completely pointless way of looking at profit on a farm without a time frame and even at that it doesn't mean much without relating it back to the acres farmed as well.

    €800 gross margin is a great margin on an animal if you only have them on your farm for a few months. €800 gross margin is a s**te margin, and will have you losing money when converted to net margin, if you've bought the animal as a 150kg weanling and have them for 2 and a half or 3 years before selling them on.

    For example; Farmer 1 makes €800 gross margin per animal on a 50 acre farm with 100 animals which is €80k gross margin per year. Farmer 2 makes €1000 gross margin per animal on a 50 acre farm with 20 animals which is €20k gross per year. Farmer 2 can put the chest out in the mart or the pub and boast about the great money their animal made and how much better it was than Farmer 1's but I know which farmer I'd rather have the cheque-book for.

    Ideally profit per hour worked on farm would be the best measure to use but 99.99% of farmers wouldn't be keeping an accurate record of the hours they spend on the farm so profit per acre per year is the most accurate way to look at it.

    After that profit per animal per year will give a good indication but like the example of the 2 farmers above it doesn't mean a whole lot when you vary on stocking rate.

    Profit per animal is only for lads that either want to boast or don't understand their own accounts, but means absolutely nothing to anyone you tell it too without the rest of the information.



  • Registered Users, Registered Users 2 Posts: 1,959 ✭✭✭BENDYBINN


    80k gross margin on a 50 acre farm?…….what planet are you living on?



  • Registered Users, Registered Users 2, Paid Member Posts: 2,778 ✭✭✭DBK1


    Oh Christ, I used that as an example to show how things can vary without getting all of the information.

    Maybe I should have put in a disclaimer; “Farmer 1 and Farmer 2 are not real and are instead fictional characters, no animals were harmed in the making of this story” 🤦‍♂️



  • Registered Users, Registered Users 2 Posts: 301 ✭✭KAMG


    The criteria I use as a gauge as to whether an animal done well or not is a Gross Margin of 50e a month/600e a year. When I'm buying, that's what I'm aiming for. Average time kept on farm here would be 16mts.



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  • Registered Users, Registered Users 2, Paid Member Posts: 5,065 ✭✭✭White Clover


    SSomething Similar here. Used to be 75/month housed and 50/month at grass. I want 1000 over the 12 months these times.



  • Registered Users, Registered Users 2, Paid Member Posts: 5,454 ✭✭✭bogman_bass


    I get what you are saying but margin per animal is valid for the example of wether to bid on an animal or not surely?



  • Registered Users, Registered Users 2 Posts: 301 ✭✭KAMG


    The 4 I sent Monday came into an average of 2,600e. 3 of them cost 800e 18 Mt's ago. 1 of them cost 1,700 6 months ago. Can't argue with that profit. The cattle I bought 6 Mt's ago cost 1,000e.



  • Registered Users, Registered Users 2, Paid Member Posts: 2,778 ✭✭✭DBK1


    It is, but I’m sure, even if it’s unknown to yourself, that you’re calculating that margin relative to a time period when you’re bidding on that animal.

    You’re hardly buying an animal think I’ll make €800 gross margin off him in 3 years time! Bear in mind gross margin is before any costs are taken from the system. So €800 gross margin over 3 years even if you say it costs you €300 per year to keep an animal has you losing €100 on that animal when he’s sold even though you made €800 gross margin on him.



  • Registered Users, Registered Users 2 Posts: 833 ✭✭✭Cushtie


    Could someone more knowledgeable than me explain the ecomonics of these 2 bullocks sold today, I'm sure they would be a fairly typical example of Dairy beef.

    I take it they would have been bought to feed on for the factory in a few months.

    How long would these be kept typically and what weight would they be going to the factory at?

    and most importantly what would they have to make in the factory to leave the person who bought them today some decent type of margin.



  • Registered Users, Registered Users 2 Posts: 21,622 ✭✭✭✭Water John


    That's because of a, once off price shift. We've all got that lift. The real line is the margin between what you sell today and buy tomorrow.



  • Registered Users, Registered Users 2 Posts: 536 ✭✭✭dryan


    thats exactly it.

    I work of a very simple system.
    Up to this year, if i kill an animal at 2000, i try to replace him at 1000… hold him for 12 - 16 months on avg.
    This year, if i kill at 3000, try replace at 1800 (price inflation on input/contractor costs have to be factored in).

    The only thing is i was getting a better quality & stronger animal last year at 1000 than im getting this year at 1800 and this will impact me next year.



  • Registered Users, Registered Users 2 Posts: 7,399 ✭✭✭amacca


    Yep.…same......some animals I'm buying aren't too far off 3 times what I was paying for similar last year...I'm aiming for maybe slightly better quality and averaging somewhere between 2.5 -2.6 times ehat I paid last year.......

    It's taking the shine off the good prices this year ….



  • Registered Users, Registered Users 2 Posts: 534 ✭✭✭HHH


    A neighbour who is a suckler farmer has been buying a lot of these type of cattle lately (40+). Got great money for his continental cattle and replaced them with WH cattle 480 to 500kg to feed on in the house and kill in February before his calving season begins again. Every man has a different system. Whether it pays or not is a different story. I reckon he'd make anything from 250 to 400 per head net depending on costs, factory price and animal performance.



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  • Registered Users, Registered Users 2 Posts: 301 ✭✭KAMG


    Yes, I know. But I'm not buying tomorrow thankfully. I buy in before I sell. That's why I gave my cost for this years purchases. Based on todays prices, it will be costing me 1,300/1,400e to buy the type of animals I normally buy next March. So, that's still 1,200/1,300e gross profit for this years sales going on cost in vrs sales price.



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