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Beef price tracker 2

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Comments

  • #8312
    Sami23
    Registered Users, Registered Users 2 Posts: 2,795 ✭✭✭Sami23


    https://www.boards.ie/discussion/comment/123977866#Comment_123977866

    It's a pity but your probably right



  • #8313
    Robson99
    Registered Users, Registered Users 2 Posts: 4,893 ✭✭✭Robson99


    https://www.boards.ie/discussion/comment/123977872#Comment_123977872

    Yes but it needs to find some form of a base besides this yo yo effect. People get too hung up on kill numbers compared to previous year. If the demand is there they will have to pay for it. Markets / Demand is obivously back on last year. As i said before nothing better to cure high prices than high prices



  • #8314
    HHH
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭HHH


    Bull beef being quoted the same as QA prime beef. This week's sharp drop is to flush out the last of the grass cattle. I can't see too many winter finishers with cattle in sheds selling any bullock at these rates.



  • #8315
    WoozieWu
    Registered Users Posts: 515 ✭✭✭WoozieWu


    https://www.boards.ie/discussion/comment/123977866#Comment_123977866

    its amazing to see how happy you are



  • #8316
    Bass Reeves
    Registered Users, Registered Users 2, Paid Member Posts: 21,150 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123978099#Comment_123978099

    Myself, Robson, KKman and a few more have been on this forum for a decade or more. We have seen good times and bad times. We have dealt with price rises and falls. I remember 10+ years ago when it first broke the 4/ kg barrier and rose to 4.5/ kg one June before getting to 3.9/ kg that September.

    It nothing about being happy it's an upfront understanding of way the markets work. Most traders are struggling with the yoyo effect of the market. Sell at the wrong time and you are squeezed buying replacements. There is an expectation by some that the market will keep rising this is fueling prices.

    You already stated something that should have rung a bell with you.

    https://www.boards.ie/discussion/comment/123977821#Comment_123977821

    IMO and it's an opinion the kill was artificially low the last 6-8 weeks we could see a strong throughput for the next 4-6 weeks as 7 month cattle and grass cattle come to market as well as cattle where lads were .maximising weight. I think kill numbers are lower than they should be. As well.the good weather allowed dairy farmers to hold abd milk cows right up to now. You will see substantial numbers of parlour cows over the next month.

    https://www.boards.ie/discussion/comment/123977773#Comment_123977773

    You are.lucky if he is guaranteeing a price normally if processors see 1-2 weeks kill in front of them.they start the booking in system whereby you have to book them in and accept the strike they quote in 1-2 weeks time

    https://www.boards.ie/discussion/comment/123978001#Comment_123978001

    I think processors are hesitant at present to drop prices ( very unusual for them) because they called it wrong twice this year. However the danger is the kill stay strong for 3-4 weeks and there is very strong numbers of grass and 7 months cattle. Christmass kill will end in 3-4 weeks time, Then the lull untill it picks up after Christmas. They could decide to get contracted finishers to hold cattle for15-30 days longer.

    If they manage that they can back.up the ordinary lads cattle. Shed cattle cannot be continually fed on

    Post edited by Bass Reeves on

    Slava Ukrainii



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  • #8317
    Robson99
    Registered Users, Registered Users 2 Posts: 4,893 ✭✭✭Robson99


    https://www.boards.ie/discussion/comment/123978099#Comment_123978099

    I'm not afraid to admit I was making more money when I could buy contenintal stores at circa €3 a kg and the market was stable. It's much higher risk now at €5 a kg and lower profit margin. Suckler man is making super money with weanlings, but the store to finish man is losing out. If the export market crashes things could get messy

    You give me the impression that if beef was €9/kg you wouldn't be happy till it went to €10....be careful what you wish for



  • #8318
    green daries
    Registered Users, Registered Users 2, Paid Member Posts: 3,074 ✭✭✭green daries


    https://www.boards.ie/discussion/comment/123978338#Comment_123978338

    I actually agree with you and bass bit left in it this side of christmas i would think but it will drop somewhat after christmas as I think a lot of lads have held cattle due to tax



  • #8319
    memorystick
    Registered Users, Registered Users 2 Posts: 1,806 ✭✭✭memorystick


    https://www.boards.ie/discussion/comment/123978373#Comment_123978373

    Just hold the cheque until after Christmas



  • #8320
    Jb1989
    Registered Users, Registered Users 2 Posts: 2,965 ✭✭✭Jb1989


    https://www.boards.ie/discussion/comment/123978410#Comment_123978410

    Date on cheque will be this year, as will cattle movement on end of year stocks.

    Depends on accountant tho if he want to adjust it.



  • #8321
    Bass Reeves
    Registered Users, Registered Users 2, Paid Member Posts: 21,150 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123978373#Comment_123978373

    Tax is a problem I have every year.....…it means you made a profit. You learn to deal with it called spending money

    Slava Ukrainii



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  • #8322
    GNWoodd
    Registered Users, Registered Users 2 Posts: 761 ✭✭✭GNWoodd


    https://www.boards.ie/discussion/comment/123977884#Comment_123977884

    And nothing better to cure low prices than enough of people realising that they had been ridden for years by a small number of entities making multi millions of their backs . Not all of them were meat processors either.
    Had an opportunity a few weeks ago to travel across the West of Ireland as a passenger on a truck. One thing that struck me was the large number of cattle yards / crushes that obviously haven’t been used in years.
    Cattle numbers fell because farmers had had enough of working hard to supply the market with unsustainably cheap stores .



  • #8323
    Bass Reeves
    Registered Users, Registered Users 2, Paid Member Posts: 21,150 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123978338#Comment_123978338

    There us a farmer in our discussion group that finishes about 140 heifers a year. Buys every Autumn and finishes from February to October. This year his margin between buying and selling is back 50-60 euro a head. His average margin is not excessive at 550 a head, personally for the risk and money involved, ( he paid over 1800 for replacements) I would have considered paying the tax. What caught him was cattle sold earlier went out at 7/kg and he was replacing when they were 8/ kg

    Slava Ukrainii



  • #8324
    bogman_bass
    Registered Users, Registered Users 2, Paid Member Posts: 5,451 ✭✭✭bogman_bass


    went out for Sunday lunch yesterday and the beef was more expensive than the lamb. First time I’ve seen that



  • #8325
    Bass Reeves
    Registered Users, Registered Users 2, Paid Member Posts: 21,150 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123978839#Comment_123978839

    We were out Friday night in a restaurant in Limerick. Chateaubriand was on the menu it was minimum two people @45 euro ppl. Waitress reminded us that it was 45 pp.

    https://www.boards.ie/discussion/comment/123978493#Comment_123978493

    I used to buy a few out of farmers yards, but gave it up when I retired from the day job. Started getting much better value in the mart. The store man has a choice he can carry his stores to finish himself. I have heard the excuses "waiting for your money" mainly or"too small numbers". There is many successful calf to beef men out there.

    I buy the cattle at the mart, nowadays online, I am completely at the mercy of the market carrying some animals for up on two years. Being explained to that I am doing everything wrong and that a lot of the cattle I buy are inefficient.

    But ce la vie, I will obviously go broke one of these days.…but so far I have not.

    Slava Ukrainii



  • #8326
    limo_100
    Registered Users, Registered Users 2 Posts: 2,526 ✭✭✭limo_100


    https://www.boards.ie/discussion/comment/123978869#Comment_123978869

    you got that châteaubriand cheap I paid 130 for it in fx Buckley’s in Dublin 2years ago god knows what it costs now



  • #8327
    Bass Reeves
    Registered Users, Registered Users 2, Paid Member Posts: 21,150 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123978907#Comment_123978907

    You suckler good for the expensive version of everything with the bells and whistles as well. Yee are as bad as some of the dairy lads. Whether it the spec of nuts,locking feed barriers, fancy gates etc.

    Basically it's was a bit of fillet steak on top of a bit of mash and roasted carrots with a few sauces in the side

    Slava Ukrainii



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