Milk Price- Please read Mod note in post #1

castletrader · 09-05-2014 12:10AM

39 cent for april allright . But less from then on. Glanbia . Be sure to sign up to the conracts soon so they can drop to 33c then .

slippy wicket · 09-05-2014 06:11PM

castletrader wrote: »

39 cent for april allright . But less from then on. Glanbia . Be sure to sign up to the conracts soon so they can drop to 33c then .

Confirmed by text just now. 39 cent

frazzledhome · 09-05-2014 09:41PM

castletrader wrote: »

39 cent for april allright . But less from then on. Glanbia . Be sure to sign up to the conracts soon so they can drop to 33c then .

I can't understand this Lemming mentality of farmers constantly talking down the price. This is an unprecedented high and it will fall at some stage but contracts will have nothing to do with it. It's a bit like the argument that with the expansion in milk in Ireland post 15 that world prices will collapse as if we make a difference. If all the cows went dry tomorrow no one else would notice.

mf240 · 09-05-2014 09:47PM

Thats farmers for ya.

Did you sell those calves yet !!!???

stanflt · 09-05-2014 09:47PM

frazzledhome wrote: »

I can't understand this Lemming mentality of farmers constantly talking down the price. This is an unprecedented high and it will fall at some stage but contracts will have nothing to do with it. It's a bit like the argument that with the expansion in milk in Ireland post 15 that world prices will collapse as if we make a difference. If all the cows went dry tomorrow no one else would notice.

Well Said
Negativity is a huge problem

mf240 · 09-05-2014 09:53PM

stanflt wrote: »

Well Said
Negativity is a huge problem

Glass (or should i say bulk tank) always half empty with farmers,

loveta · 09-05-2014 09:54PM

Watched a documentary on US tv a while ago all about the milk price collapse in 09 and they "US dairy farmer" was seriously hurt by it and they were all on for not fallen victim to the same mistakes again by over producing.So i wonder will they be "once bitten twice shy"....... or destined to repeat the same course of action again? I suppose its hard to turn of the tap once its flowing full flow..

mf240 · 09-05-2014 10:01PM

If grain is cheap they will produce. The replacements are always in the system.

They can up production easily enough. When the sums dont add up the cut production again. Its a never ending cycle that wont change anytime soon.

Was 09 really that bad? Im mean it didnt break anyone . It sucks but if you can ride it out theres usualy. A good year comimg.

frazzledhome · 09-05-2014 10:19PM

mf240 wrote: »

Thats farmers for ya.

Did you sell those calves yet !!!???

No I'll keep the calves because the arse is going to fall out of milk next month

mahoney_j · 09-05-2014 10:25PM

frazzledhome wrote: »

No I'll keep the calves because the arse is going to fall out of milk next month

GO OUT AND BUY MORE!!!

mf240 · 09-05-2014 10:25PM

frazzledhome wrote: »

No I'll keep the calves because the arse is going to fall out of milk next month

And sure if it doesent the feckin tax man will be after ya!!!

Bactidiaryl · 09-05-2014 10:44PM

frazzledhome wrote: »

No I'll keep the calves because the arse is going to fall out of milk next month

Now now. Don't be talkin down the milk price.

frazzledhome · 09-05-2014 10:50PM

Bactidiaryl wrote: »

Now now. Don't be talkin down the milk price.

You have it wrong, talking up beef price

keep going · 10-05-2014 12:05AM

frazzledhome wrote: »

Fracking is the biggest threat to our incomes

And the only thing that has helped us on our costs

frazzledhome · 10-05-2014 07:10AM

keep going wrote: »

And the only thing that has helped us on our costs

Agreed but the last thing a pasture based milk industry need is cheap grain. The big guns in the Us will flood the place

frazzledhome · 10-05-2014 07:16AM

loveta wrote: »

Watched a documentary on US tv a while ago all about the milk price collapse in 09 and they "US dairy farmer" was seriously hurt by it and they were all on for not fallen victim to the same mistakes again by over producing.So i wonder will they be "once bitten twice shy"....... or destined to repeat the same course of action again? I suppose its hard to turn of the tap once its flowing full flow..

Visited US in Sept 12 and each farm hasn't made a recovery from 09 at that stage. All said that it would be first quarter of 13 before they got back to profit.

These were farms with 10k+ cows. A lot if 400 cow farms were gone at that stage and yes they'll do exactly the same again. The depth of their pain is evidenced by the slow return to full production. A high beef price kept cows slaughtered to maintain incomes

Timmaay · 10-05-2014 10:07AM

Agreed about fracking being not good medium term as it frees up more land for corn, but longer term surely the USA isn't interested in the international market?, milk production is heavily subsidised over there to keep farmers in business so as the usa has security of supply. Assuming the price of corn remains low and the USA kept on churning out cheap milk to the international market, I could just see the government reducing the supports, or bring in an incentive to cull more cows etc. Long term once we do have the the advantage in low cost grass based milk, once the weather behaves itself (global warming???), and once we can keep on top of the labour costs.

jt65 · 10-05-2014 10:25AM

I knew dairy farmers in the US with about 300 Holsteins that went to the wall about 10 years (maybe longer) ago. mainly co's of the drought

they visited me in 2009 &b could'nt believe that a system my size supported a family & put 4 kids through 3rd level education with no outside income

Timmaay · 10-05-2014 10:31AM

jt65 wrote: »

I knew dairy farmers in the US with about 300 Holsteins that went to the wall about 10 years (maybe longer) ago. mainly co's of the drought

they visited me in 2009 &b could'nt believe that a system my size supported a family & put 4 kids through 3rd level education with no outside income

That really hammers home how lucky we should consider ourselves to have this crappy wet climate with one weekend of sun as the typical summer here

whitebriar · 10-05-2014 10:33AM

There is no doubt about it but any shock in the system however frivolous will drop price as co-op profit is more important than the farmer..

It's always been the way and always will be as farmer co op members seem to be historically neutered in terms of price management, huffing and puffing but never seeming to stem deliberately accelerated or too early price drops.

sheebadog · 10-05-2014 01:23PM

jt65 wrote: »

I knew dairy farmers in the US with about 300 Holsteins that went to the wall about 10 years (maybe longer) ago. mainly co's of the drought

they visited me in 2009 &b could'nt believe that a system my size supported a family & put 4 kids through 3rd level education with no outside income

Thanks to milk quota it was possible to make a nice living from 100 cows.

It's in the back of my head that dairy farmers may look back at the "good old days" and wonder was expansion good for farmers.

mahoney_j · 10-05-2014 01:27PM

sheebadog wrote: »

Thanks to milk quota it was possible to make a nice living from 100 cows.

It's in the back of my head that dairy farmers may look back at the "good old days" and wonder was expansion good for farmers.

My dad put 4 of us through school,college.built a house ,a herd of cows and a modern farm yard.all with 30 to 60 cows before I took over the reigns .

mf240 · 10-05-2014 01:37PM

Theres a lad near here with four kids and he never worked a day in his life.

frazzledhome · 10-05-2014 02:29PM

sheebadog wrote: »

Thanks to milk quota it was possible to make a nice living from 100 cows.

It's in the back of my head that dairy farmers may look back at the "good old days" and wonder was expansion good for farmers.

Its not compulsory to expand

slippy wicket · 10-05-2014 02:33PM

frazzledhome wrote: »

Its not compulsory to expand

Never a truer word.
Slow steady expansion, rather than all in one go is the best if you are gonna do it.
Maintaining profitability is much more important.

loveta · 10-05-2014 02:42PM

mf240 wrote: »

Theres a lad near here with four kids and he never worked a day in his life.

There is one "or more" in every area

:(

Viewtodiefor · 10-05-2014 03:40PM

loveta wrote: »

There is one "or more" in every area :(

Maybe he has the right idea??

Oldtree · 10-05-2014 03:53PM

frazzledhome wrote: »

Agreed but the last thing a pasture based milk industry need is cheap grain. The big guns in the Us will flood the place

I am not sure that fracking will keep grain prices down as the Chinese are buying up lots of resources, like grain, (and associated companies) keeping the price up:

http://www.irishtimes.com/business/sectors/agribusiness-and-food/chinese-grain-trader-cofco-pays-1-5bn-for-just-over-half-of-agricultural-trading-unit-of-noble-group-1.1747759

sheebadog · 10-05-2014 04:15PM

frazzledhome wrote: »

Its not compulsory to expand

You know that's not the point I was making!

EamonKilkenny · 10-05-2014 05:44PM

mf240 wrote: »

Theres a lad near here with four kids and he never worked a day in his life.

Sure he didn't have time!

Milk Price- Please read Mod note in post #1

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