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Milk Price- Please read Mod note in post #1

delaval

24/6/16

Recently we saw three posters close their accounts over disagreements in the dairy threads. While there is a lot of frustration and discontent with current milk prices and the processing industry, the recent tendency for dairy threads to become tit-for-tat arguments isn’t tolerable for those not involved.

All farming sectors go through difficult periods and during such times there may need to be changes in how threads are moderated.

Dairy threads are going to be more closely monitored and subject to stricter moderation for a while.

To that end we won’t tolerate baiting of posters, constantly reviving old arguments, posters with agendas or crusading for a cause.

Whether it’s discussion of the business or politics of the dairy or other sectors, we expect civility and tolerance toward each other and other opinions as diversity of opinion is needed as a source of different ways of looking at a situation.

"The aim of argument, or of discussion, should not be victory, but progress." - Joseph Joubert

Also please be aware that what you may post as light-hearted banter can be read totally differently by someone adversely affected by the subject matter and evoke a reaction you hadn’t intended.

The ‘Off-Season’ forum, and its anonymous posting, is available for anyone to chat about their situation.

The Mod Team.

I was wondering would it be a help if we posted our milk prices. I would hope that if someone is low that help could be given, on the other hand if high perhaps your tips could help us all.

I would suggest posting your processors base inc Vat for comparison
Post your Nett price for others to help or be helped
I think that solids should be included.
I suggest any seasonal/liquid contract price be excluded or seperated.

I feel that we as farmers do a lot of bitching about processor prices and rightly so IMO. I also feel that we should not worry about it as we can do nothing about base price but we certainly do something about it at farm level.

What do you all think?

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kowtow

pedigree 6 wrote: »

From reading that article that milked out put a link to I think the auction is only in the talks phase of setting up (if it does ever set up).

Yup, I got that impression as well. We'll have to see how it turns out.

Its actually a lot more difficult than people imagine to get a working price discovery mechansim - a market - functioning. The major stumbling block is agreeing the specification of what is to be traded, as much as we want our premium "up the value chain" products, it's impossible to use them for price discovery because they aren't homogenous. Quite literally, no good comparing apples with oranges.

Value added products also tend to be commercially sensitive so processors aren't keen to publish the prices they are trading at.

The GDT (and the parallel futures contracts) actually function pretty well considering the specialist nature of the market. If and when Europe looks to get behind a futures market we're going to have to watch out for political positioning & territorial ambition triumphing at the expense of liquidity - there's little enough volume even on the US CME contracts and they have had everything going for them for a long time.

It would be a great help if Euro contract specifications were able to be drawn to make at least some of them fungible against US or NZ lots (even if that made them a little opaque from European producers perspective) but without looking more closely I'm not sure whether that would be practical.

atlantic mist

the new trade platform is not to include traders or speculators, it will be an interesting development, in theory will improve transparency however the independent company set up is a private company so who controls this company?

cuts out middle men and lets processors deal directly with customers, really like the sound of it too many people currently between us suppliers and end consumer by reducing the supply chain

each producer has his own area and its up to themselves to use their branded products to provide premium returns for farmers, pity our coops/processors arent really set up for this with majority of value added products hived off into other companies, be interesting to see if gii enter or if glanbia enter

kowtow

atlantic mist wrote: »

each producer has his own area and its up to themselves to use their branded products to provide premium returns for farmers, pity our coops/processors arent really set up for this with majority of value added products hived off into other companies, be interesting to see if gii enter or if glanbia enter

That's the bit that confused me - I don't see how it provides any transparency or price discovery - certainly to the farmer... it struck me as a highly tailored e-commerce portal more than a marketplace the way they describe it.

Nevertheless, it's all to the good - and it may well be that they want to get suppliers & customers trading across it before they start reporting prices more widely. The team behind it come from a forex / commodity trading background so they ought to know what they are at.

Farmer Ed

Very good article.https://www.agriland.ie/farming-news/opinion-do-irelands-processors-owe-dairy-farmers-more-than-what-theyre-currently-paying-them/

Water John

Those foolish farmers should have knelt in the yard in Mallow, facing that lovely new plant, giving thanks for their luck in having such wise and good betters leading their illustrious coop.
Instead they turned their backs and ran up the road to that small upstart named Arrabawn. Why the hell should they ever get their shares back. Let them tell their children and their childrens children remember forever not to snub their betters.

whelan2

Glanbia hold at the same 24c plus 1 cent top up

kowtow

Very soft GDT result, not a huge fall but short of expectations.

I wonder what kind of stocks fonterra are holding at this end of the season.

boggerman1

kowtow wrote: »

Very soft GDT result, not a huge fall but short of expectations.

I wonder what kind of stocks fonterra are holding at this end of the season.

Down 2.9%.so much for the 2 in a row upward rise!.20000 odd tons on offer,compared to the normal 35-40000 tons.

Milked out

kowtow wrote: »

Very soft GDT result, not a huge fall but short of expectations.

I wonder what kind of stocks fonterra are holding at this end of the season.

I'd say we'll find out with a nice wallop in may when they'll dump it all out for our peak months

Water John

Well, Dairygold suppliers are getting the wallop already with a drop of 1.5 cent.
That's €17M off Dairygold suppliers.

https://www.agriland.ie/farming-news/dairygold-cuts-its-february-milk-price/

red bull

Arrabawn hold price

RightTurnClyde

For anyone interested. 7 graphs painting a picture of current supply situation
http://theglobaldairy.com/noticias/the-global-dairy-situation-in-7-charts-45684/

jaymla627

RightTurnClyde wrote: »

For anyone interested. 7 graphs painting a picture of current supply situation
http://theglobaldairy.com/noticias/the-global-dairy-situation-in-7-charts-45684/

Most revealing graph their in a eu context is the Russian one who where taking more product from the eu prior to the trade embargo at a rate of well over 200% of what the Chinese have been importing on a seven year average
While oil price crashing would of curtailed their buying power for dairy products it wouldn't of had near the consequences as the export ban has created it's funny how the eu higher powers seemed to forget they have contributed immensely to this mess with their political stances when they where discussing what crumbs to throw down to dairy farmers at their meeting on monday

blackdog1

Water John wrote: »

Well, Dairygold suppliers are getting the wallop already with a drop of 1.5 cent.
That's €17M off Dairygold suppliers.

https://www.agriland.ie/farming-news/dairygold-cuts-its-february-milk-price/

Gonna drop another 1-1.5 c over the next 3 months I'm reliably told. Think people looking for share price back will be waiting a while.

Water John

Yes, Dairygold reps visiting farmers are mentioning 22 cent.

kevthegaff

Water John wrote: »

Yes, Dairygold reps visiting farmers are mentioning 22 cent.

That would put us all under pressure, especially peak months

kowtow

jaymla627 wrote:

Most revealing graph their in a eu context is the Russian one who where taking more product from the eu prior to the trade embargo at a rate of well over 200% of what the Chinese have been importing on a seven year average While oil price crashing would of curtailed their buying power for dairy products it wouldn't of had near the consequences as the export ban has created it's funny how the eu higher powers seemed to forget they have contributed immensely to this mess with their political stances when they where discussing what crumbs to throw down to dairy farmers at their meeting on monday

Russian demand hasn't vanished though in a global sense.

At least part of it will be satisfied from outside EU.. and a little more from internal supply growth.

I have a feeling the Russian situation will begin to be remedied shortly, but although when it is it will be claimed by many as a political triumph I'm not sure the solving of it will be all that the dairy industry would like to think.

orm0nd

kevthegaff wrote: »

That would put us all under pressure, especially peak months

any word of what our crowd's paying for February Kev?

we'll know soon enough i suppose

mahoney_j

orm0nd wrote: »

any word of what our crowd's paying for February Kev?

we'll know soon enough i suppose

Price held

Timmaay

Glanbia cheque in my account, but glanbia connect gone tits up again ugh.

orm0nd

mahoney_j wrote: »

Price held

money in bank a/c to day, .. happy enough

statement 2 morro

whelan2

what is CFI bonus on Glanbia account? milk price of 33.89 for FEBRUARY.

atlantic mist

dont have a cfi bonus on my account, similar milk price at 33c

base prices ex vat
standard milk price at 24.85c
fixed price scheme 2016 31.15c

the lads in the liquid priority pool will have done well, actually rather they didnt give me any, as the 3% we got will keep highlighting the difference between liquid and manufacturing suppliers every month:mad:

any sign of the manufacturing fixed price scheme?

heard belview is going well since re opened, problems from last year seem to be addressed, all product heading for china, not world market just china

freedominacup

atlantic mist wrote: »

dont have a cfi bonus on my account, similar milk price at 33c

base prices ex vat
standard milk price at 24.85c
fixed price scheme 2016 31.15c

the lads in the liquid priority pool will have done well, actually rather they didnt give me any, as the 3% we got will keep highlighting the difference between liquid and manufacturing suppliers every month:mad:

any sign of the manufacturing fixed price scheme?

heard belview is going well since re opened, problems from last year seem to be addressed, all product heading for china, not world market just china

Apparently they can't get enough milk atm. Not seeing that in mp though.

Brown Podzol

freedominacup wrote: »

Apparently they can't get enough milk atm. Not seeing that in mp though.

For markets or to run the plant efficiently?

atlantic mist

they want milk earlier now, impression i got was it down to workers holidays more than plant efficiency (considering plant not running 365 days a year plant efficiency will only go so far), you cant win with them before xmas they were looking for us to reduce supply

was hoping when product produced changed from dog food to food for human consumption wed see some sort of lift, must be as much money in dog food these days

most lads breeding beef on dairy stock this year, implications for 18 months time (just as manufacturing fixed price volume to double, thinking of staying out of scheme now funny what a month does)

on positive note USA reducing production for export due to bloody Europeans not slowing down like they were suppose to:) positive sings on the horizon, no quota returning for ireland, some eu countries trying to keep a closed shop will tariffs inter EU be put on countries who dont apply new quota system like suggested for france

Water John

Mist, I'd say there is not many Fr heifers on the ground this year either. Not that many Fr bull calves in the mart. A lot of Angus and Hereford.
There is also €200/head difference in price. That's not money to be sneezed at. Would take a lot of ltrs milk to make it up. Very handy at this time of year for cash flow.

whelan2

Water John wrote: »

Mist, I'd say there is not many Fr heifers on the ground this year either. Not that many Fr bull calves in the mart. A lot of Angus and Hereford.
There is also €200/head difference in price. That's not money to be sneezed at. Would take a lot of ltrs milk to make it up. Very handy at this time of year for cash flow.

Around here people are not bringing the fr bulls to the mart , most lads I am talking to are selling them out of the yard. Have 2 lads buying them from me both farmers

blue5000

Water John wrote: »

Mist, I'd say there is not many Fr heifers on the ground this year either. Not that many Fr bull calves in the mart. A lot of Angus and Hereford.
There is also €200/head difference in price. That's not money to be sneezed at. Would take a lot of ltrs milk to make it up. Very handy at this time of year for cash flow.

Methinks a few BB straws wouldn't go astray on my suckler cows.

Buford T. Justice XIX

Any Kerry suppliers in the Clare, North Cork and Limerick areas should make it their business to attend the Kerry advisory meeting in Limerick tonight.

An entertaining night is guaranteed if the last two meetings are anything to go by;)