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Milk Price- Please read Mod note in post #1

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Comments

  • #2462
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Share trading will reopen once "spinout"is completed with priority to new entrants and existing unshared suppliers.


  • #2463
    stretch film
    Registered Users, Registered Users 2 Posts: 1,067 ✭✭✭stretch film


    frazzledhome wrote: »
    Share trading will reopen once "spinout"is completed with priority to new entrants and existing unshared suppliers.

    Exclusivity rather than priority ???
    Thought so .
    Possibility that not enough shares cancelled .€5 might not tease out enough imo.
    The " shortfall" will require a share issue over those cancelled diluting existing shareholdings to some degree.

    Poorly explained at info meetings


  • #2464
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    stretch film wrote: »
    Exclusivity rather than priority ???
    Thought so .
    Possibility that not enough shares cancelled .€5 might not tease out enough imo.
    The " shortfall" will require a share issue over those cancelled diluting existing shareholdings to some degree.

    Poorly explained at info meetings

    Shares will be issued. There'll be an over lap with bought with others cancelled as they come in.

    Not sure if exclusive


  • #2465
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    West cork down another cent with another for june milk, thank god for weak euro worth about 3 to 4 cent a litre


  • #2466
    Deepsouthwest
    Registered Users, Registered Users 2 Posts: 2,282 ✭✭✭Deepsouthwest


    keep going wrote: »
    West cork down another cent with another for june milk, thank god for weak euro worth about 3 to 4 cent a litre

    Are those price drops set in stone? Any idea if it'll stop at that? Are the coops propping up at that price, or is it market return price? The rest of this yr could really sort the men from the boys


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  • #2467
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Deepsouthwest wrote: »
    Are those price drops set in stone? Any idea if it'll stop at that? Are the coops propping up at that price, or is it market return price? The rest of this yr could really sort the men from the boys
    Looking at the last exchange things seem to be slowing down a little, euro will get weaker also, Id say co ops are propping to a certain extent, hopefully we're near the bottom...


  • #2468
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    I have a feeling it will be a very very slow recovery but hope I'm wrong!!


  • #2469
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Having bought land, built sheds, babies etc I'm tightening the belt from now on! No looking at the holiday thread:-)


  • #2470
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    Deepsouthwest wrote: »
    Are those price drops set in stone? Any idea if it'll stop at that? Are the coops propping up at that price, or is it market return price? The rest of this yr could really sort the men from the boys

    No subsidising at coop level but there maybe at carbery but I would debate that one with tbem too, it all depends how you do the sums.cheese isnt too bad but whey powder is on the floor.the june price will be decided next month but they were looking for 2 cent for may so more than likely it will happen.as for more globally china not coming back to the market in a hurry as they seem to have rebuilt their own supply so people are thinking theres more left in this drop im afraid.id say it will be easy to talk to us after this


  • #2471
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Arrabawn down 2c


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  • #2472
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    http://www.agriland.ie/farming-news/is-the-global-dairy-trade-starting-to-stabilise/

    I'd say it'll be mother nature who could have the biggest say yet in getting prices back up. Anybody know what things are like stateside grain price and yield wise?


  • #2473
    slippy wicket
    Registered Users, Registered Users 2 Posts: 693 ✭✭✭slippy wicket


    Still no joy on Glanbia connect or no money in bank account yet.
    Very poor form.


  • #2474
    jaymla627
    Registered Users, Registered Users 2 Posts: 7,132 ✭✭✭jaymla627


    slippy wicket wrote: »
    Still no joy on Glanbia connect or no money in bank account yet.
    Very poor form.

    They are more then likely re doing statements and deducting superlevy monies seen as the contact issues weren't sorted in time by the department re the superlevy payment scheme.....


  • #2475
    whelan2
    Registered Users, Registered Users 2 Posts: 30,805 ✭✭✭✭whelan2


    slippy wicket wrote: »
    Still no joy on Glanbia connect or no money in bank account yet.
    Very poor form.
    money normally not in til the 18th but its annoying that statements arent up


  • #2476
    whelan2
    Registered Users, Registered Users 2 Posts: 30,805 ✭✭✭✭whelan2


    jaymla627 wrote: »
    They are more then likely re doing statements and deducting superlevy monies seen as the contact issues weren't sorted in time by the department re the superlevy payment scheme.....
    they are up on line now


  • #2477
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,726 ✭✭✭✭mahoney_j


    kevthegaff wrote: »
    Arrabawn down 2c

    Worse than that Kev,price back over 2.5 cent per litre to 29.37 cent vat inc.collection charge dropped and share up postponed whilst markets are weak.was nice looking down on everyone whilst it lasted.hopefully we won't know revert to our usual position of footing up milk price league.worring times ahead now,hopefully all Arrabawn suppliers with eye off ball re what's going on in the coop will now sit up and take note and start putting pressure on board and chief.


  • #2478
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Milked out wrote: »
    http://www.agriland.ie/farming-news/is-the-global-dairy-trade-starting-to-stabilise/

    I'd say it'll be mother nature who could have the biggest say yet in getting prices back up. Anybody know what things are like stateside grain price and yield wise?

    It's a cardinal rule of those who trade markets for a living to absolutely ignore any journalist comment on market prices. Journalists are no better able to explain movements in prices than anybody else, nor - like the rest of us - are they equipped with a crystal ball to see the future.

    Typically news articles simply follow an agenda which reflects the exposure of the majority of their readers.

    It's very easy to see this bias in the article above. When prices are going up, they report the change in prices. However, when prices are falling they begin to report the "rate of fall" instead of the price. The headline is usually "are prices finally bottoming out?" or something similar. The mainstream Irish press used this tactic throughout the period of property price falls for similar reasons... many if not most of their readers are invested in property in some way and are exposed to falling property prices as opposed to rising prices.

    The GDT auction itself is not above a bit of massage. Around Christmas, when the market was "bottoming out" last time.. few people paid attention to the fact that there was a conscious decision to reduce the quantity of product offered at auction and the apparent turning point therefore occurred on very low volume... this tactic is as old as the hills, an easy way to force the hand of buyers waiting on the sidelines. What was significant about the winter / early spring prices was that when the buyers were flushed out they turned out to be smaller in number and nowhere near as keen as previous commentary suggested. Professional traders learn very early to watch how volume reacts to price, and take their clues from that.

    It is as well to remember that every piece of research ever written has to be paid for by a client of some description. Whilst there are countless organisations in the world (co-ops, processors, farmers - the entire dairy industry in fact) who need a case made for increased global demand and stronger prices over the long term to support their investment and expansion plans there is little if any obvious demand for commentary making the opposite case. For that reason at all a big pinch of salt is needed when looking at dairy market commentary.

    Its rare in any market to find an individual or organisation who doesn't 'talk his own book'.


  • #2479
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    mahoney_j wrote: »
    Worse than that Kev,price back over 2.5 cent per litre to 29.37 cent vat inc.collection charge dropped and share up postponed whilst markets are weak.was nice looking down on everyone whilst it lasted.hopefully we won't know revert to our usual position of footing up milk price league.worring times ahead now,hopefully all Arrabawn suppliers with eye off ball re what's going on in the coop will now sit up and take note and start putting pressure on board and chief.
    You can feck off!

    That's Kerrys spot and they aim to keep it:pac:


  • #2480
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Buford T. Justice V wrote: »
    You can feck off!

    That's Kerrys spot and they aim to keep it:pac:

    Standing on GII shoulders :(


  • #2481
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    jaymla627 wrote: »
    They are more then likely re doing statements and deducting superlevy monies seen as the contact issues weren't sorted in time by the department re the superlevy payment scheme.....

    Is this the same for all processors? Dept running scared of this as big Phil dropped a bombshell saying each govt is responsible for s levy


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  • #2482
    slippy wicket
    Registered Users, Registered Users 2 Posts: 693 ✭✭✭slippy wicket


    Finally got on and checked may milk.
    3.49 P 3.7 F
    29.55 cpl inc vat , brought up to 30.5 cpl with co-op top up.
    Exactly the same as last month.


  • #2483
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    Jeez I'm very depressed now after reading this thread. Think as soon as grass is back on track no more meal for my girls


  • #2484
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Cmon kowtow give us your prediction, we need some good news!


  • #2485
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Greengrass1 wrote: »
    Jeez I'm very depressed now after reading this thread. Think as soon as grass is back on track no more meal for my girls
    Its qlot tougher on new entrants that are heavily borrowed trying to find theyre feet, ontop shares to be paid and no top up. Remember in 09 second year in, tough going!


  • #2486
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    kevthegaff wrote: »
    Its qlot tougher on new entrants that are heavily borrowed trying to find theyre feet, ontop shares to be paid and no top up. Remember in 09 second year in, tough going!

    Sure is.
    DG has someone coming in from glanbia to talk to them about shared superlevy etc. 80% new entrants. Tough going for next 6 mths


  • #2487
    trixi2011
    Registered Users, Registered Users 2 Posts: 1,538 ✭✭✭trixi2011


    Our milk company in uk sent a letter out this week saying that they are going to hold milk price at current levels untill sep at 21 p base at the moment


  • #2488
    degetme
    Registered Users, Registered Users 2 Posts: 824 ✭✭✭degetme


    Normally sell in calf heifers in the autumn. With the way milk price is going and the high beef price would one be better off shorting the breeding season to nine weeks and sell empties in the autumn instead of the replacements


  • #2489
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Last year price was at a record high. Where did the money made disappear to?

    I hope people start to pay attention to this difficulty and not forget it. This is the real world we're in now.

    Stop spending money regardless of price, target p&k, ph, roads, grass utilisation and forget adding cost to getting grub into cows.

    Plan your SR and stock accordingly no need for machines. Breed good strong durable cows and close your ears if someone mentions yield.

    Yield comes with breeding and grazing with targeted supplement aswell as compact calving.

    All the sheds and machines can't do it. Tell the next sales rep to return when price hits 38c and if you can manage till then show him the road.

    The price WILL recover and that's a guarantee. We cannot predict just when.


  • #2490
    RightTurnClyde
    Registered Users, Registered Users 2 Posts: 2,143 ✭✭✭RightTurnClyde


    trixi2011 wrote: »
    Our milk company in uk sent a letter out this week saying that they are going to hold milk price at current levels untill sep at 21 p base at the moment

    And what happens then?


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  • #2491
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    No super levy this year

    Not shortage of fodder or grass . Hopefully weather will play ball for rest of year.

    Culls cows great money.

    Calves great money.

    Fert on the way down. Meal will be back by winter.


    Glass is half full.


This discussion has been closed.
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