Milk Price- Please read Mod note in post #1

jaymla627 · 04-11-2015 10:24PM

mf240 wrote: »

They must of got a good price on malt sprouts and oats screenings.

Don't forget the copious amounts of molasses and more then likely water, does be amazing how much a half ton bag of meal weighs in at the local glanbia.
Pulled the plug buying anything their when I went to gave some weanlings a bag of meal and it came out of the bag in a block, to cap it off got sowed with a headbutt for my troubles when I was trying to break it up in the trough from a overly enthusiastic heifer

whelan2 · 05-11-2015 10:41AM

Did anyone hear anything on the liquid milk price from glanbia. last I heard there was to be a meeting last week on it?

kowtow · 05-11-2015 03:34PM

LacPatrick's CEO wants a bigger BMW to "help him negotiate with buyers"... apparently the only way for him to sell milk is to remove those who would compete with him to buy it.

I've heard (and occasionally written) some outrageous justifications for mergers & acquisitions during the last twenty five years but this one is a keeper.

"Parity of Esteem".. never heard such nonsense.

“Forty or 50 years ago the milk and butter and all the other dairy products were bought by hundreds of thousands of buyers scattered all around the place.

“Today a half a dozen buyers control 80% of the total percurement. They have become much more powerful.

“So as a counter balance and to keep parity of esteem you need similarly to scale up so that when you’re going in to negotiate with those folk that you negotiate on a more equal playing field.”

(article is from www.agriland.ie and I hope that Mr LacPatrick has a better spell checker than the journalist who wrote, cut, or pasted it because if he doesn't his parity of esteem will get him nowhere. They actually spelt LacPatrick 3 different ways)

darragh_haven · 05-11-2015 03:42PM

kowtow wrote: »

LacPatrick's CEO wants a bigger BMW to "help him negotiate with buyers"... apparently the only way for him to sell milk is to remove those who would compete with him to buy it.

I've heard (and occasionally written) some outrageous justifications for mergers & acquisitions during the last twenty five years but this one is a keeper.

"Parity of Esteem".. never heard such nonsense.

It's "we need to get bigger because they got bigger" and we can be seen as small fry kinda logic.

alps · 05-11-2015 04:21PM

darragh_haven wrote: »

It's "we need to get bigger because they got bigger" and we can be seen as small fry kinda logic.

Why?

Isn't milk price in Ireland inversely proportional to the size of processor!

WheatenBriar · 05-11-2015 04:35PM

whelan2 wrote: »

Did anyone hear anything on the liquid milk price from glanbia. last I heard there was to be a meeting last week on it?

Isn't it the same bonus as last year minus 2 c that they switched to year round soas as summer liquid wasn't falling below base manufacturing?
Not sure though

Timmaay · 05-11-2015 05:09PM

WheatenBriar wrote: »

Isn't it the same bonus as last year minus 2 c that they switched to year round soas as summer liquid wasn't falling below base manufacturing?
Not sure though

Stay that again in English please! The milk price is complicated enough as is.

WheatenBriar · 05-11-2015 05:33PM

Timmaay wrote: »

Stay that again in English please! The milk price is complicated enough as is.

2c a litre was borrowed from the winter bonus to up the liquid during the 6 "summer " months
This means 2c less a litre on the oct to march liquid versus last year's premium
At least thats what I thought

whelan2 · 05-11-2015 05:58PM

At the meeting in navan the fmp chairman was very annoyed over the liquid milk price. Was just wondering was there any update. Would be nice to have an idea of the price. Think 32 cent per litre was mentioned

WheatenBriar · 05-11-2015 08:29PM

whelan2 wrote: »

At the meeting in navan the fmp chairman was very annoyed over the liquid milk price. Was just wondering was there any update. Would be nice to have an idea of the price. Think 32 cent per litre was mentioned

Yes thats correct, the 2c figure I mentioned was actually 0.6c and that 32c is the figure
Its loss making

Greengrass1 · 06-11-2015 05:55PM

http://www.agriland.ie/farming-news/bill-carroll-resigns-from-board-of-glanbia/?utm_content=buffer42980&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

boggerman1 · 06-11-2015 06:21PM

Greengrass1 wrote: »

http://www.agriland.ie/farming-news/bill-carroll-resigns-from-board-of-glanbia/?utm_content=buffer42980&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

About time.should have happened last April in first case.

Buford T. Justice XIX · 06-11-2015 06:41PM

Greengrass1 wrote: »

http://www.agriland.ie/farming-news/bill-carroll-resigns-from-board-of-glanbia/?utm_content=buffer42980&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

You would have imagined that resignation would happen straight after the 'irregularities' were discovered.

atlantic mist · 06-11-2015 06:57PM

thanked for his contribution to company by the chairman????

potential damage to our supply chain....and he is being thanked something rotten about that and that whole top table

only got to read henry letter last night, already talking about further capital investment, find buyers first and dont be talking of capital expenditure our supply is up 19% and yet product sales is only up by 0.8% according to last press release....thats where the problem lies, its either inefficiencies or cant sell the product, so why do we need further capital expenditure what will that solve?

transparent milk model - so how is it exactly do they calculate price each month if their going to be saying they have a transparent milk model

referencing gdt trade(dumping ground) and rabobank commentators(who are wrong 2/3time), sure they might as well throw boards analysis in there, nothing about the markets we supply thou

cozzie · 06-11-2015 08:16PM

jaymla627 wrote: »

Don't forget the copious amounts of molasses and more then likely water, does be amazing how much a half ton bag of meal weighs in at the local glanbia.

Glanbia put no molasses in there nuts, we'll just enough to be able to print it on the label

mf240 · 06-11-2015 08:24PM

cozzie wrote: »

Glanbia put no molasses in there nuts, we'll just enough to be able to print it on the label

What do they use. ? Would you rate their feed.?

Welcome back by the way.

freedominacup · 06-11-2015 10:24PM

mf240 wrote: »

cozzie wrote: »

Glanbia put no molasses in there nuts, we'll just enough to be able to print it on the label

What do they use. ? Would you rate their feed.?

Welcome back by the way.

Their ingredients are excellent. I couldn't tell you about their off the shelf products but I changed miller in the early summer and I reckon it cost a couple of hundred litres per cow. Got a lift of 2l/cow when I went back to them in July. Missed s much better peak than we should have gotten. Same blend, our own mix with both millers.

Greengrass1 · 07-11-2015 01:39AM

freedominacup wrote: »

Their ingredients are excellent. I couldn't tell you about their off the shelf products but I changed miller in the early summer and I reckon it cost a couple of hundred litres per cow. Got a lift of 2l/cow when I went back to them in July. Missed s much better peak than we should have gotten. Same blend, our own mix with both millers.

The meal were getting atm is certainly good quality.
Soya bean maize wheat beet pulp barley are the first 4 on the list

whelan2 · 12-11-2015 12:02PM

any word of when lakelands are setting october price

Sam Kade · 12-11-2015 03:13PM

whelan2 wrote: »

any word of when lakelands are setting october price

I thought you were with glanbia.

Timmaay · 12-11-2015 03:14PM

Sam Kade wrote: »

I thought you were with glanbia.

She's checking out the alternatives, couldn't blame her!

whelan2 · 12-11-2015 05:03PM

Sam Kade wrote: »

I thought you were with glanbia.

Lakelands normally set milk price first so just being nosey

mf240 · 12-11-2015 07:31PM

Well if they cut the price again.

Im going to complain on an anonomous internet forum for a few days. Thatll learn em:D

kowtow · 12-11-2015 08:06PM

Looking at the dairy futures market in NZ strikes me that production there is not declining as much as they (we?) might have hoped. I think the recent GDT rises more or less baked in the certainty of a bad El Nino... it might be that the NZ guys (like the Irish) have culled what they are going to cull and are now pushing as many litres out as cheaply as possible to try and spread costs.

Could be very wrong and none of these dairy futures markets are very useful because they are so poorly traded.

Will be interesting to see next weeks GDT, although it's still got 15-20% to fall before it gets into the territory we were in earlier in the year.

On the plus side I suspect Europe will keep revving the printing presses holding the exchange rate in our favour - they can't afford any little unforced errors in the Eurozone while there is political danger of Britain walking out & with the ongoing discomfort amongst the proletariat, refugee crisis, and all. They'll print now and we'll pay later.

kevthegaff · 12-11-2015 08:53PM

kowtow wrote: »

Looking at the dairy futures market in NZ strikes me that production there is not declining as much as they (we?) might have hoped. I think the recent GDT rises more or less baked in the certainty of a bad El Nino... it might be that the NZ guys (like the Irish) have culled what they are going to cull and are now pushing as many litres out as cheaply as possible to try and spread costs.

Could be very wrong and none of these dairy futures markets are very useful because they are so poorly traded.

Will be interesting to see next weeks GDT, although it's still got 15-20% to fall before it gets into the territory we were in earlier in the year.

On the plus side I suspect Europe will keep revving the printing presses holding the exchange rate in our favour - they can't afford any little unforced errors in the Eurozone while there is political danger of Britain walking out & with the ongoing discomfort amongst the proletariat, refugee crisis, and all. They'll print now and we'll pay later.

I know Cameron is only trying to get a few deals, what would you think would the consequences for Ireland if they left?

whelan2 · 12-11-2015 08:55PM

mf240 wrote: »

Well if they cut the price again.

Im going to complain on an anonomous internet forum for a few days. Thatll learn em:D

was there only 1 meeting on the milk price? The Navan one?

kowtow · 12-11-2015 09:36PM

kevthegaff wrote:

I know Cameron is only trying to get a few deals, what would you think would the consequences for Ireland if they left?

From a trade point of view, few if any. We had full freedom of movement, trade voting, etc long before EU and we would certainly have after an exit. If anything a stronger pound would be good for food exports.

Irish politicians are terrified that UK voters will point out that the emperor has no clothes and scepticism (or worse still democracy) will somehow spread to Ireland. .. jeopardising their posing jaunts and cushy sinecures in Brussels.

atlantic mist · 12-11-2015 10:00PM

only about 200 milk buyers at gdt each time, how many are actual buyers and how many are traders taking a position, and the weight placed on this mechanism for export pricing across the world it always seemed crazy to me

the possible uk exit, think theyll be for and against across the board, exist might be positive for exports but dont we import more from the uk than export? stock up on the mustard incase:)

might get a few extra jobs from us, be back to the only English speaking country in eu, back to the gateway of Europe talk.

Deepsouthwest · 12-11-2015 10:05PM

kowtow wrote: »

Looking at the dairy futures market in NZ strikes me that production there is not declining as much as they (we?) might have hoped. I think the recent GDT rises more or less baked in the certainty of a bad El Nino... it might be that the NZ guys (like the Irish) have culled what they are going to cull and are now pushing as many litres out as cheaply as possible to try and spread costs.

Could be very wrong and none of these dairy futures markets are very useful because they are so poorly traded.

Will be interesting to see next weeks GDT, although it's still got 15-20% to fall before it gets into the territory we were in earlier in the year.

On the plus side I suspect Europe will keep revving the printing presses holding the exchange rate in our favour - they can't afford any little unforced errors in the Eurozone while there is political danger of Britain walking out & with the ongoing discomfort amongst the proletariat, refugee crisis, and all. They'll print now and we'll pay later.

I've been saying this for a while albeit maybe not as eloquently as kowtow! But inspite of being in the middle of a "milk price crisis" most of the major milk producing regions are still driving on with production, lots of them even ramping up production. There is no incentive for any world buyers to up what they're paying for milk at the moment, they can get all they want and v likely more at the current low price. Why would they pay anymore?

mahoney_j · 12-11-2015 10:16PM

Deepsouthwest wrote: »

I've been saying for a while albeit maybe not as eloquently as kowtow! But inspite of being in the middle of a "milk price crisis" most of the major milk producing regions are still driving on with production, lots of them even ramping up production. There is no incentive for any world buyers to up what they're paying for milk at the moment, they can get all they want and v likely more at the current low price. Why would they pay anymore?

Worryingly that's v accurate ?unless something drastic occurs to curb worldwide supplies I think we in this country could be in for a very bleak 2016 price wise

Milk Price- Please read Mod note in post #1

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