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Milk Price- Please read Mod note in post #1

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Comments

  • #1112
    jt65
    Closed Accounts Posts: 572 ✭✭✭jt65


    C4d78 wrote: »
    I heard price is going up (-;



    where dunnes stores or super value ?


  • #1113
    C4d78
    Registered Users, Registered Users 2 Posts: 334 ✭✭C4d78


    jt65 wrote: »
    where dunnes stores or super value ?

    Was trying to put positive spin on things!!

    On a more serious note was told by someone fairly high up in Glanbia mgt it's likely to be 2 C/l down in May followed by another 2 June and 2 July. Can't see this 6-7c/l in one go that was mentioned.


  • #1114
    jt65
    Closed Accounts Posts: 572 ✭✭✭jt65


    C4d78 wrote: »
    Was trying to put positive spin on things!!

    On a more serious note was told by someone fairly high up in Glanbia mgt it's likely to be 2 C/l down in May followed by another 2 June and 2 July. Can't see this 6-7c/l in one go that was mentioned.

    hopefully we get the summer without too much chopping , here not really worried when the cuts are coming ... more concerned where it will floor out


  • #1115
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,720 ✭✭✭✭mahoney_j


    C4d78 wrote: »
    Was trying to put positive spin on things!!

    On a more serious note was told by someone fairly high up in Glanbia mgt it's likely to be 2 C/l down in May followed by another 2 June and 2 July. Can't see this 6-7c/l in one go that was mentioned.
    I wonder would the sane lad be the same to predict a 2 cent rise 3 months in advance.....:::


  • #1116
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,720 ✭✭✭✭mahoney_j


    C4d78 wrote: »
    Was trying to put positive spin on things!!

    On a more serious note was told by someone fairly high up in Glanbia mgt it's likely to be 2 C/l down in May followed by another 2 June and 2 July. Can't see this 6-7c/l in one go that was mentioned.
    I wonder would the sane lad be the same to predict a 2 cent rise 3 months in advance.....:::


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  • #1117
    C4d78
    Registered Users, Registered Users 2 Posts: 334 ✭✭C4d78


    mahoney_j wrote: »
    I wonder would the sane lad be the same to predict a 2 cent rise 3 months in advance.....:::

    Ya good point, prob not..


  • #1118
    Brown Podzol
    Registered Users, Registered Users 2 Posts: 1,847 ✭✭✭Brown Podzol


    Why do some people feel guilty about being well paid for a top quality product?.
    Are we even being well paid at 39c?. IFCN calculate that it costs 37c per litre all costs in Ireland. Land, labour etc. . All the co-op 2013 accounts report increased profits, so plenty of fat to support milk price, or is it all needed for the pension fund or the acquisition fund. DG defined benefit pension fund now stands at €233m, more than DG itself is arguably worth. I suppose what I'm saying is that we have too many co-ops with too many suits and subsequently too much assembly and processing cost.


  • #1119
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Best post of the day BP


  • #1120
    whelan2
    Registered Users, Registered Users 2 Posts: 30,791 ✭✭✭✭whelan2


    just checked there, glanbia milk cheque is in


  • #1121
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    Dg base 39c/l, received 42.8, our bf% kept our price 0.5c/l outside the top 10% of suppliers for April difference of 5.5c/l between top and bottom.


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  • #1122
    whelan2
    Registered Users, Registered Users 2 Posts: 30,791 ✭✭✭✭whelan2


    what will the milk price for May be?


  • #1123
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,720 ✭✭✭✭mahoney_j


    whelan2 wrote: »
    what will the milk price for May be?

    Glanbia are usually first to set price so we are all waiting ,if they drop then u can bet the rest will follow suit.the latest global dairy auction was back 4.2%,seemingly starting to bottom out now


  • #1124
    castletrader
    Registered Users, Registered Users 2 Posts: 162 ✭✭castletrader


    37c for may .Not impressed!!!!GLANBIA


  • #1125
    jaymla627
    Registered Users, Registered Users 2 Posts: 7,128 ✭✭✭jaymla627


    castletrader wrote: »
    37c for may .Not impressed!!!!GLANBIA

    They must got a good uptake of lads signing their contracts so..


  • #1126
    Viewtodiefor
    Registered Users, Registered Users 2 Posts: 1,217 ✭✭✭Viewtodiefor


    jaymla627 wrote: »
    They must got a good uptake of lads signing their contracts so..

    What else are they going to do really


  • #1127
    whitebriar
    Closed Accounts Posts: 1,745 ✭✭✭whitebriar


    jaymla627 wrote: »
    They must got a good uptake of lads signing their contracts so..
    I'd say the opposite and this is to make the 1c bonus look attractive.
    Most people will be forced to sign eventually,GII know this.
    GII is boss just like Glanbia so 2c drops every month now untill we get to 28..
    Because they can.
    No other reason.


  • #1128
    slippy wicket
    Registered Users, Registered Users 2 Posts: 693 ✭✭✭slippy wicket


    jaymla627 wrote: »
    They must got a good uptake of lads signing their contracts so..

    It was expected.
    We are our own worst enemy at times. Farmers have been talking down the price since the start of the year.
    My milk manager was able to tell me a month ago that 2c off June and same for July was what was coming down tracks.


  • #1129
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    castletrader wrote: »
    37c for may .Not impressed!!!!GLANBIA

    Price slashed 2 cent. As usual price rose slowly last year and lagged behind the rising world market. But the downward spiral will come fast and fierce.


    Would of been cut last month were it not for contracts.


  • #1130
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    Are strathroy still paying 40 cent?


  • #1131
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    mf240 wrote: »
    Price slashed 2 cent. As usual price rose slowly last year and lagged behind the rising world market. But the downward spiral will come fast and fierce.


    Would of been cut last month were it not for contracts.
    Would've been cut last mth if it wasn't for a good margin in March. This is hardly a surprise and expect at least one more 2-3c drop. Downward pressure on prices that's why it dropped. Disappointed they didn't wait one more mth as they were 1 mth behind in rising that said were the first to pay 39

    Anyone for fixed price now?


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  • #1132
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    This might be the fixed scheme that will pay off allright.

    Did you fix any. I didnt bother.


    By the way my strathroy question was only me letting off steam. Id buy calves first!


  • #1133
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    mf240 wrote: »
    This might be the fixed scheme that will pay off allright.

    Did you fix any. I didnt bother.


    By the way my strathroy question was only me letting off steam. Id buy calves first!
    No didn't fix any, manage volatiliy ourselves now that were more established. If 09 had happened to me in 07 I was goosed as really only finding my feet then with huge money pressure

    I know you were letting off steam


  • #1134
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    frazzledhome wrote: »
    No didn't fix any, manage volatiliy ourselves now that were more established. If 09 had happened to me in 07 I was goosed as really only finding my feet then with huge money pressure

    I know you were letting off steam

    Will we have as a low a milk price again?
    I keep reading that there's a massive world wide demand for milk products like whey and baby formulae


  • #1135
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Greengrass1 wrote: »
    Will we have as a low a milk price again?
    I keep reading that there's a massive world wide demand for milk products like whey and baby formulae

    Yes, this is going to be rough for a while. The new 22c is now 28-30. That to me considering inflation is bad. Will beca great time to buy stock though. In 09 lads couldn't sell heifers cheap enough


  • #1136
    RightTurnClyde
    Registered Users, Registered Users 2 Posts: 2,143 ✭✭✭RightTurnClyde


    Greengrass1 wrote: »
    Will we have as a low a milk price again?
    I keep reading that there's a massive world wide demand for milk products like whey and baby formulae

    Can't see that happening. You have to remember '09 was a global financial meltdown. That's what caused the low milk price, not the mechanics of the milk market itself. What we are seeing now is the effect of cheap grain and a stable fuel price. Milk will go down to a price that matches the drop in feed prices from last years global grain harvest. This year is looking good for a good harvest globally aswell, so it's going to be price down for the following 6 months. Prices won't go down too low because then the American style milk producers slow down. We won't see a price rise again until grain prices move up and even then it will be about 6months after grain price.

    The great Bob Charles was always afraid of low grain prices, screws everything from beef to milk.


  • #1137
    RightTurnClyde
    Registered Users, Registered Users 2 Posts: 2,143 ✭✭✭RightTurnClyde


    frazzledhome wrote: »
    Yes, this is going to be rough for a while. The new 22c is now 28-30. That to me considering inflation is bad. Will beca great time to buy stock though. In 09 lads couldn't sell heifers cheap enough

    I'd be thinking 32-34


  • #1138
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    Why didn't ye inform me of this before I bought the tractor :( ha


  • #1139
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Greengrass1 wrote: »
    Why didn't ye inform me of this before I bought the tractor :( ha

    Buy based on need not want


  • #1140
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    frazzledhome wrote: »
    Buy based on need not want

    Ah no I knew we were never staying at 39c


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  • #1141
    loveta
    Registered Users, Registered Users 2 Posts: 1,015 ✭✭✭loveta


    frazzledhome wrote: »
    Buy based on need not want

    Who does though?? must just be a human nature thing


This discussion has been closed.
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