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Beef price tracker 2

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Comments

  • Moderators, Society & Culture Moderators, Paid Member Posts: 4,972 Mod ✭✭✭✭Siamsa Sessions


    Genuine question - is there anything farmers can do with their finished or near-finished cattle when beef price keeps dropping?

    Given the complete control factories have, does booking them in or not booking them, holding them for another week, ringing another factory, etc. make much difference?



  • Registered Users, Registered Users 2 Posts: 3,433 ✭✭✭Jb1989


    If most go one way, then there's a good chance the few that dont will come out on top. After that it's just luck.

    Well your feeding €3.50 direction a day on meal, nevermind roughage and water, and then depends on whether you want to turn over and replace or hang on.

    If everybody would kill now that would be great as I can hang on another month, if I have to, and I'd rather kill at a bonus price when the chills were starting to empty, like what happenef in April into May for the majority of years.

    So, no, there's not really anything you can do.



  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    I do think they're will be empty lairages end of May june if weather keeps playing ball.

    Originally I was thinking a little bounce but processors may back things up well enough to have a little in chills to get them through to grass Cattle.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,097 ✭✭✭✭Bass Reeves


    Often you get them onto the hook ASAP if flat prices are starting to dissappear or bonuses are being reduced. Now there is often a bit of judgement called for. It depends on whether cattle are inside or outside. At present if feed costs are 3.5/ day it then depends on the animal. You need good quality animal to catch that falling knife. They migh be gaining around a kg a day of flesh. Over a week that is 6-7 kgs or 40-50 euro in value. They are costing 25/ week to feed and if the price is dropping 10c/ week they are losing 3.6/ week in value if they are 350kgs. So you are still.up 12-20 euro a week.

    However if the are poorer quality then as fast as they get to FS3 you slaughter

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭limo_100


    surpised there no market for these cattle somewhere in Europe is there a trick some exporters are missing? I know they would prob need a month when they arrive to steady up. I know one lad that boycotts the Irish factories and sends the cattle north and somethings to England but I don't know much about it as its a hush hush job



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  • Registered Users, Registered Users 2 Posts: 1,031 ✭✭✭leoch


    He must have some kind of export status to do that I suppose

    It's a pity we couldn't all get it and send to the North aswell

    There's a couple of buyers round marts in southern border counties marts every week buying fat cattle for factory in derry shipped in next day so its a pity everyone can't do it



  • Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭limo_100


    No he doesn't but the cattle have to go through Dublin now that I recall. must have being tested there possibly. There could have some funny business going on I always though due to being told to keep it to myself



  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    No problem going north except the cost and dealing dept of ag officials full of laziness. You also need to factor the vat.

    They need to go through export approved facilities (most of the marts along border are approved) which extends the time on road but still probably on hook in few hrs.



  • Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭limo_100


    probably better to go to them marts with fat cattle currently if possible



  • Registered Users, Registered Users 2, Paid Member Posts: 4,784 ✭✭✭kk.man


    There was an infamous cattle dealer who got badly polled in kk mart years ago on a big pen of cattle. After the mart a fellow said to him what are you going to do with them cattle. He said ill still make money on them ill sneak them across the border. The following Thursday they were back in kk again re sold at a loss.



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  • Registered Users, Registered Users 2, Paid Member Posts: 22,097 ✭✭✭✭Bass Reeves


    He probably did the right thing. First loss is the cheapest loss

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 3,433 ✭✭✭Jb1989


    On the hook in just over the hour from monaghan to omagh to Foyle meats. Can't remember any problem with vat same as south. Ran through ballybay mart for export. Foyle meats is in donegal and omagh, only omagh would pay the bord boa on any movements unlike donegal that was stricter. I'm really beginning to pity any of yous down south that only hascthe big 3. Where as we have near 13. Between big and small independent plants.



  • Registered Users, Registered Users 2 Posts: 861 ✭✭✭Cushtie


    Was there ever an attempt at a beef processing co op here, owned by farmers instead of private individuals, same as for Milk?

    I know it would not be as straight forward as milk, but just interested to know?



  • Registered Users, Registered Users 2 Posts: 3,433 ✭✭✭Jb1989




  • Registered Users, Registered Users 2 Posts: 5 downtown123987


    with all this 10-14 day waiting list to get cattle killed why is more men not showing them fat / heavy cattle in the rings ? Better that than booking them in to a factory and taking 20 cent less than that’s prices



  • Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭limo_100


    your right if everyone done that the agents would have to bid against them selves, some people I find think there better than the mart have met a few people like that over the years.



  • Registered Users, Registered Users 2, Paid Member Posts: 5,699 ✭✭✭bogman_bass


    is it? There is no fat cattle going through the marts here that I can see so have no idea where the market is



  • Registered Users, Registered Users 2, Paid Member Posts: 5,699 ✭✭✭bogman_bass


    ….



  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    Locally fleshed cattle in marts have taken the price hit. Little to no difference in animal fit to kill today and in 3 months. If I had somewhere to kill straight away@660/670 id have a lot of cattle bought the last week.

    Put another 100 finished cattle into any sale and it would be complete wash out.



  • Registered Users, Registered Users 2, Paid Member Posts: 5,699 ✭✭✭bogman_bass


    Yeah in the late 60’s/ early 70’s there were 2 Clover meats and IMP. Both went to the wall



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  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    Very good living to be made out of buying cattle in mart and dropping in factory if you not greedy or arrogant.

    A few high prices here and there is just marketing costs.

    Id love to have enough profit on an animal to be able to include mart fees (30) hauliage from mart to factory (20) and cut for middle man (20).

    I got interest in Goodman last few weeks and discovered he may not have been all bad(the people that allowed him different story). He went into an industry with so much waste and lack of efficiency that he was allowed to make money and still not a lot has changed.



  • Registered Users, Registered Users 2, Paid Member Posts: 4,784 ✭✭✭kk.man


    Many a farm was lost over that game. Like a gambler you only hear about the winnings.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,097 ✭✭✭✭Bass Reeves


    Would they any time there is too many cattle whether its the factory or the mart the idea that these will be competition between buyers is delusion

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 417 ✭✭grass10


    You need to sit back and maybe look at your system you have been begging factories to take your cattle and replace immediately with others what do you think is going to happen in mid to late summer in my opinion you'll be begging a lot more you need 2 things a weighing scales and a calculator not more cattle

    I've not seen any cattle in marts for the last few weeks that you could make profit on if you had to kill the next week on the official grid prices, I cannot make profit at current mart price for forward stores to put out to grass for 4 months if I had to sell at 6.50 grid



  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    Where are you getting the begging?

    Thats the second time you mentioned about me begging to get cattle killed.

    I don't believe I ever mentioned or begged a processor.

    I have said I can't get cattle killed can the record show I have not and will not be begging.

    The cattle will all go over the next few weeks and normal service will resume.

    Can I ask why do I need to look at my system? Is it because I only have bad cattle or my yard not tidy enough or I don't believe in suckler cows. I can assure you it's certainly not because of my profits or that I work too hard.

    Can you elaborate why I need less cattle, weight scales and calculator?

    Stack them high and sell them cheep worked for Walmart and starting to work well for me too.

    I do agree stores for 4 months grass will not be profitable at 650. But I do think forward stores for 30 days feeding can leave money at 650/660 if a processor will take them.



  • Registered Users, Registered Users 2 Posts: 71 ✭✭One2Many7ups


    Yes I have noticed that 500-550kg hungry lads are making the same money as 600kg+ cattle with very little to do to fatten them.

    This is depressing when I have 2 sheds full of 550kg+ cattle bought for avg €1900 in July/Aug, cost me about €2300 at this stage. Don't think they'd make within €100 of that in the mart currently.

    On the positive side, the forecast is good so they'll be out of the sheds tomorrow.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,018 ✭✭✭DBK1


    There was only one Angus bullock and one hex bullock over 600kgs in birr mart last week. Both were underage. The Angus was non QA, 685kgs and sold for €1,860 which is €2.72/kg. The hex was QA’d, 615kgs and sold for €1,950 or €3.17/kg.

    Even at this weeks €6.70 base price the Angus would have made over €2,100 without qa or breed bonus in the factory, the hex would have made over €2,200. Anyone that could get them killed somewhere this week made a nice touch out of them.

    There’s no market for heavy cattle in the marts at present and it’s the last place you’d want to be bringing them.



  • Registered Users, Registered Users 2 Posts: 417 ✭✭grass10


    I'm not trying to insult you in any way all I'm saying is you just need to look at things more rationally if you don't have a very good relationship with a factory and they take cattle from you at short notice and you get above what others get there's no point even talking about short keep



  • Registered Users, Registered Users 2 Posts: 1,636 ✭✭✭epfff


    I am not begging factory i hope we have now established.

    Please explain why I need to look at my system and why my calculator and scales need investigation that before we start about why I'm not rational.



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  • Registered Users, Registered Users 2, Paid Member Posts: 22,097 ✭✭✭✭Bass Reeves


    epfff, grass10 will guve courses on YouTube on how to have a good relationship with your procurement manager.The only guys I see that have "that" are the lads that are hauling other farmers cattle into the factory at the cheapest price possible. Having lads believe that the 10-15c/ lg extra they got them covers the weight loss and transport for the extra 2 hours haulage. They land them into the factory 5-6pm.the day before

    Post edited by Bass Reeves on

    Slava Ukrainii



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