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Milk Price- Please read Mod note in post #1

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Comments

  • #3572
    kowtow
    Registered Users, Registered Users 2 Posts: 6,135 ✭✭✭kowtow


    Buford T. Justice V wrote: »
    The value added dividend in Kerry is paid out by the PLC while the farmers are paid commodity prices for their product from which the value added is derived.

    Whats the Kerry price likely to be without the dividend?


  • #3573
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    jaymla627 wrote: »
    I have nearly six grand put towards belview at this stage after today's cuts, but I shouldn't be complaining I'm going to get shares in lieu of it, it's like a lad pissing on your cornflakes and telling you its milk

    Lol


  • #3574
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    There seems to be an awfull lot of cushy jobs appearing in glanbia at the moment. Id imagine there is plenty of fat to be trimed inside their own gate, that would allow them to pay a better price. But its handier to just take money out of farmers pockets.


  • #3575
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    kowtow wrote: »
    Whats the Kerry price likely to be without the dividend?
    Kerrys price is the leading milk price on a like-for-like basis!*













    *Probably a cent below the average milk price, going by previous history of targeting 8-9th place in the league and succeeding:pac:


  • #3576
    kevthegaff
    Registered Users, Registered Users 2 Posts: 7,084 ✭✭✭kevthegaff


    Me thinks the cookie jar is empty


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  • #3577
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    kevthegaff wrote: »
    Me thinks the cookie jar is empty

    I think some of the bigger boys ate the cookies.


  • #3578
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Greengrass1 wrote: »
    http://www.farmersjournal.ie/glanbia-cuts-base-milk-price-by-1c-l-for-july-187599/
    Second last paragraph. Is that saying any suppliers that didn't get bonuses will get everything they would have gotten when they become a member

    I didn't open link but any one who buys shares when trading opens will have top ups back dated and 3 yrs to pay for shares.

    They will be selling at €5/share with priority for existing non shared suppliers.


  • #3579
    Mad4simmental
    Closed Accounts Posts: 1,580 ✭✭✭Mad4simmental


    Anyone hear about glanbia going to shutdown belview for two months? No market for their powder. From the horses mouth so it's not a bullsh!t.


  • #3580
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    kevthegaff wrote: »
    Me thinks the cookie jar is empty

    €50m left in cookie jar. I'd be very concerned for price this coming spring. Looks like we haven't hit the bottom yet but I'm reading that Americans are beginning to feel the pinch at farm level.


  • #3581
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    Mad4simmental wrote: »
    Anyone hear about glanbia going to shutdown belview for two months? No market for their powder. From the horses mouth so it's not a bullsh!t.

    Haven't heard anything like that, have heard rumours of carbery renting warehousea to store powder, dunno how truthful it is


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  • #3582
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Mad4simmental wrote: »
    Anyone hear about glanbia going to shutdown belview for two months? No market for their powder. From the horses mouth so it's not a bullsh!t.

    One dryer shut down a few weeks at this stage. Peak is over, simple. All plants are processing less milk every day at this stage. Bellview will always be closing for a period each year as do most plants as very few products can be made from late lactation winter produced milk


  • #3583
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    frazzledhome wrote: »
    €50m left in cookie jar. I'd be very concerned for price this coming spring. Looks like we haven't hit the bottom yet but I'm reading that Americans are beginning to feel the pinch at farm level.

    What do that translate into in cents per month. Iykwim. Is there a cent a litre in it for aug / sept ect?


  • #3584
    Blackgrass
    Closed Accounts Posts: 735 ✭✭✭Blackgrass


    frazzledhome wrote: »
    €50m left in cookie jar. I'd be very concerned for price this coming spring. Looks like we haven't hit the bottom yet but I'm reading that Americans are beginning to feel the pinch at farm level.
    Is this a time you cut out the 'weedy' cows or try spread fixed cost over as much milk as possible so long as variable doesnt wipe out the savings or more a case of where you are at your own farm level?


  • #3585
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Blackgrass wrote: »
    Is this a time you cut out the 'weedy' cows or try spread fixed cost over as much milk as possible so long as variable doesnt wipe out the savings or more a case of where you are at your own farm level?

    +1
    Perfect time to cull the bottom 20% of your herd. Cull price good. It's now you need to be most efficient.


  • #3586
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    http://theglobaldairy.com/noticias/some-good-dairy-news-at-last-signs-of-market-rebound-next-week-43758/
    😒


  • #3587
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    frazzledhome wrote: »
    +1
    Perfect time to cull the bottom 20% of your herd. Cull price good. It's now you need to be most efficient.

    Would u cull and and add x amount or hold fire. I know it depends on each lads circumstance. Would like to cull a good number and replace here but the way things are looking cash flow would be tight if cull money goes back out. Could milk on empties and culls but if end up being locked up after herd test in sep it would be a bollix if couldn't get rid when they're done in parlour


  • #3588
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    mf240 wrote: »
    What do that translate into in cents per month. Iykwim. Is there a cent a litre in it for aug / sept ect?

    I can't say for certain if it'll be paid but imagine it will need to be. Having said that there's little point milking in cows at a shyte price collecting 1/1.5c bonus' when it'll be needed next spring.

    Give or take GIIL will process 1.8 billion litres so it wouldn't last too long


  • #3589
    frazzledhome
    Closed Accounts Posts: 6,278 ✭✭✭frazzledhome


    Milked out wrote: »
    Would u cull and and add x amount or hold fire. I know it depends on each lads circumstance. Would like to cull a good number and replace here but the way things are looking cash flow would be tight if cull money goes back out. Could milk on empties and culls but if end up being locked up after herd test in sep it would be a bollix if couldn't get rid when they're done in parlour

    Personally we're not dropping numbers but are adding 18% more cows by upping SR. It's been our plan for some time and we have the stick to do it.

    Cull cows are a good trade now though I think they're falling back at this stage. I can't see any point in carrying empties to be culled or cull cows any longer. The one exception being that you milk for hi solid milk and cull in Jan as they'd have been fed well.

    If I was in a high risk TB area, in test and had culls to sell I'd be blooding and getting to the mart with them.


  • #3590
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    Ill be milking them anyway.

    Id prefer to see it left there till next year . Its a fair sh1t price though even with the top up its less than the other co ops.


  • #3591
    Sam Kade
    Registered Users, Registered Users 2 Posts: 12,297 ✭✭✭✭Sam Kade


    They say average costs are 26c/litre unless farmers are heavily borrowed that can't be true. If they borrowed with the hope of milk staying above that price they would be living in dreamland. Costs around here are nearer 18-19c/litre.


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  • #3592
    jaymla627
    Registered Users, Registered Users 2 Posts: 7,132 ✭✭✭jaymla627


    Sam Kade wrote: »
    They say average costs are 26c/litre unless farmers are heavily borrowed that can't be true. If they borrowed with the hope of milk staying above that price they would be living in dreamland. Costs around here are nearer 18-19c/litre.

    Would love to see your costings behind 18-19 cent /litre obviously all labour costs are excluded along with intrest/capital repayments our is their alot of bachelor farmers in your area still living with their ma milking 50 cows in a 6 unit parlour and the whole place falling down around them, to put it in perspective a farmer sending half a million litres this year delivered if he took 5 cent a litre as wages would come out with 25,000 gross your telling me the majority of dairy farmers in your area are able to produce milk for 13-14 cent a litre all in when a minor labour charge has been taken out


  • #3593
    WheatenBriar
    Closed Accounts Posts: 3,170 ✭✭✭WheatenBriar


    Sam Kade wrote: »
    They say average costs are 26c/litre unless farmers are heavily borrowed that can't be true. If they borrowed with the hope of milk staying above that price they would be living in dreamland. Costs around here are nearer 18-19c/litre.

    I never believe what anyone says here or elsewhere when it comes to money but you can be pretty darn sure that anyone saying they are making money at 25c a litre are lying
    New entrants if borrowed are making serious losses at that,whilst others are eating into their reserves
    Theres no point sugar coating it

    As for GII,36c paid by aldi in the UK from next week...
    The money to pay a decent return for work done by farmers is there,its just here in Ireland... well you know..


  • #3594
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    WheatenBriar wrote: »
    I never believe what anyone says here or elsewhere when it comes to money but you can be pretty darn sure that anyone saying they are making money at 25c a litre are lying
    New entrants if borrowed are making serious losses at that,whilst others are eating into their reserves
    Theres no point sugar coating it

    As for GII,36c paid by aldi in the UK from next week...
    The money to pay a decent return for work done by farmers is there,its just here in Ireland... well you know..
    Tegasc or anyone else wuoting figures of 18/19 cent cop for milk are neither doing themselves or anyone else any favours .average costs are 26/28 cent excluding labour cost,drawings ,and capital and interest repayments .once these are included costs are north of 30 cent


  • #3595
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    mahoney_j wrote: »
    Tegasc or anyone else wuoting figures of 18/19 cent cop for milk are neither doing themselves or anyone else any favours .average costs are 26/28 cent excluding labour cost,drawings ,and capital and interest repayments .once these are included costs are north of 30 cent

    26c seems high mj if it doesn't include repayments imo. Most should be around 20-23 cop ex drawings labour repayments interest etc.
    Agree though thst most do need 30c though


  • #3596
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    Greengrass1 wrote: »
    26c seems high mj if it doesn't include repayments imo. Most should be around 20-23 cop ex drawings labour repayments interest etc.
    Agree though thst most do need 30c though

    I would consider 26 to be average,18/19 just fantasy stuff that has no place been quoted anywhere


  • #3597
    Greengrass1
    Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    mahoney_j wrote: »
    I would consider 26 to be average,18/19 just fantasy stuff that has no place been quoted anywhere

    What does that 26c include? That's high imo if we're just talking about bare cop to get the milk not including loans etc


  • #3598
    Milked out
    Closed Accounts Posts: 3,433 ✭✭✭Milked out


    Depends on the repayments wouldn't it, if a parlour or machinery or building it will be written off against the business so they would be included, whereas with land only the interest is allowable so the capital wouldn't be included as that most be paid by post tax profits. The average debt is low in the country but massive variances between farms. Either way if for nothing other than to include a figure if the average industrial wage was included as a wage figure for the farmer by teagasc or whoever it would be more realistic. Saying it costs x amount to produce a litre of milk without including a wage is pointless


  • #3599
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    Greengrass1 wrote: »
    What does that 26c include? That's high imo if we're just talking about bare cop to get the milk not including loans etc

    All farm running costs ,machinery running costs ,fertliser reseeding ,contracting purchased feed etc etc


  • #3600
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,731 ✭✭✭✭mahoney_j


    Milked out wrote: »
    Depends on the repayments wouldn't it, if a parlour or machinery or building it will be written off against the business so they would be included, whereas with land only the interest is allowable so the capital wouldn't be included as that most be paid by post tax profits. The average debt is low in the country but massive variances between farms. Either way if for nothing other than to include a figure if the average industrial wage was included as a wage figure for the farmer by teagasc or whoever it would be more realistic. Saying it costs x amount to produce a litre of milk without including a wage is pointless

    100% agree cows won't milk themselves .not including labour cost or land charge is totally skewing the figures


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  • #3601
    Timmaay
    Registered Users, Registered Users 2 Posts: 11,392 ✭✭✭✭Timmaay


    frazzledhome wrote: »
    One dryer shut down a few weeks at this stage. Peak is over, simple. All plants are processing less milk every day at this stage. Bellview will always be closing for a period each year as do most plants as very few products can be made from late lactation winter produced milk

    further to this Xmas the perfect time to close it, and avoid expensive overtime labour costs.


This discussion has been closed.
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