Milk Price III

What difference does it make, we'll do what we always do. Head down arse up and drive on, cut spending and drive on and wait for the next lad to blink. No point in panicking now. Giddy up.

Just on the wider issues we all know them but I think what will also be interesting next year will be USD/EUR exchange rate. If Trump gets his Fed puppet in their central bank and their goal will be to drive down the dollar. Ireland is particularly exposed to exports to U.S from EU so another few percent of dollar now won't be pretty for exports.

Fast and furious with the cuts they are, especially for winter when you'd think with less volume they could have a greater percentage moving into higher value products. Must be near a bottom now.

John G Murphy told me last week that they are holding for 3 months and will review then. He would be next parish to me here.

Jeez I'd be happy to take that given the dire predictions on here over the Christmas

Relative to the rest of the world I think costs per litre have risen equally enough throughout the globe however the big difference I see is that in the Americas and Asia it’s the scale of operations that is driving surpluses because of the very economics of scale.

A mild damp climate is all we have, where grass grows and we don't get extremes of cold or heat so cows can go out and graze it.

We don't have scale and Ireland is an expensive place to do business.

Electricity, labour and price of machinery all cost more than other places. Even when feed prices are low here, they will be lower in other parts of the world.

The other major advantage of Irish dairy farms is incredibly low debt levels on farms.

arratipp base for Jan cut by 1 cent to 35.39. Inc vat and sustainability ….add 4 cent for janurary winter bonus

1 cent cut hard fathom considering other coops have held and most paying higher winter bonus …..considering weather and extra cost and work its adding bit of an own goal

Weak dollar is really playing havoc to be fair, messing around on chat gtp current wmp prices at the latest gdt equate to circa 32 c/l after processing costs if dec 24 us/euro dollar exchange rate was used it would be nearer 38 c/l...

I’m not so sure

The dollar is $1.18 today

It was $1.16 in December

So 1% drop in value over 40 days,it dipped to $1.20 for a day and has risen since

It’s fallen 18% roughly in a year

I think if milk price drops were at only 18%,dairy farmers would be very happy vs now