Milk Price- Please read Mod note in post #1

atlantic mist · 15-05-2016 12:42PM

just got word gii board hoping to drop milk price to 20c for june milk, cant figure that out as it is below intervention price, heard a few solicitor letter have stated for under pressure suppliers unable to pay feed bills

50% of product being sold to consumer foods and oranua, remaining 50% at these ""world prices" even though we only export to 16 countries

dont really get how our price is made up
50% at the 28c (all fixed)
50% at 17c "world prices"
gives us milk price average at 20/22c

milkprofit · 15-05-2016 02:19PM

What percentage of GII product goes to the GLANBIA plc

jaymla627 · 15-05-2016 02:44PM

atlantic mist wrote: »

just got word gii board hoping to drop milk price to 20c for june milk, cant figure that out as it is below intervention price, heard a few solicitor letter have stated for under pressure suppliers unable to pay feed bills

50% of product being sold to consumer foods and oranua, remaining 50% at these ""world prices" even though we only export to 16 countries

dont really get how our price is made up
50% at the 28c (all fixed)
50% at 17c "world prices"
gives us milk price average at 20/22c

Would we be looking at say a 1 cent drop for may and then a 1 cent drop for June do you reckon, with co-op support topping it up by a cent our two, our will they drop the base price 3-4 cent
it takes approx 7500 litres of milk to produce a ton of wmp, and then I think it costs in our around 8-10 cent a litre to process it, I think intervention price for wmp is around 2000 euro and 1670 for smp, so after processing costs a ton of wmp is worth 18-20 cent to the farmer, their taking in the world of milk from other processors into ballyragget at the minute I wonder what they are paying for it

Dawggone · 15-05-2016 03:06PM

patsy_mccabe wrote: »

This has to be the most sureal thread on farming/boards . It's like everyone is on drugs or something. Like that film about those 2 guys stoned in Vegas, Fear And Loathing in Los Vegas, that's the one...,,,,.staring kowtow and Dawggone..

With all due respect patsy, I've always said not to take any notice of the shyte that I post...however with respect to this thread, where everyone discusses, b*tches and moans about prices from a month ago, Kowtow tries to swing your focus to a month, year, and further ahead....That *may* be worth something

I find it more interesting than the bragging and blowing from a couple of years back...

kowtow · 15-05-2016 03:06PM

Farmer Ed wrote: »

I'm sure it will look great regardless. If we want to make ourselvrs even more beautiful than we already are. Probably the most affordable beauty treatment at the moment would be a milk bath.

How much of our milk is going into shampoo already?

Premium product, whey for cosmetics.

patsy_mccabe · 15-05-2016 04:12PM

Dawggone wrote: »

With all due respect patsy, I've always said not to take any notice of the shyte that I post...however with respect to this thread, where everyone discusses, b*tches and moans about prices from a month ago, Kowtow tries to swing your focus to a month, year, and further ahead....That *may* be worth something

I find it more interesting than the bragging and blowing from a couple of years back...

Ah I wasn't haven't a go at you, just saying that the discussion seems to get a bit mad at times, going off in all sorts of tangents. Interesting all the same.;)

WheatenBriar · 15-05-2016 04:28PM

I hear glanbia have won the contract to supply milk to Lidl?

kowtow · 15-05-2016 05:00PM

patsy_mccabe wrote: »

Ah I wasn't haven't a go at you, just saying that the discussion seems to get a bit mad at times, going off in all sorts of tangents. Interesting all the same.;)

I was thinking the same myself, but all the same it's handy to have two threads to work from - the Dairy Chit Chat (how to get milk from grass) and the Milk Price (how to get money from milk) threads...

The day we're all happy will be the day both things happen at once..

whelan2 · 15-05-2016 06:28PM

WheatenBriar wrote: »

I hear glanbia have won the contract to supply milk to Lidl?

Who had it before? My dad said there's an interesting article in the business part of the Sunday independent on the dairy industry maybe someone could link it please

Dawggone · 15-05-2016 06:35PM

patsy_mccabe wrote: »

Ah I wasn't haven't a go at you, just saying that the discussion seems to get a bit mad at times, going off in all sorts of tangents. Interesting all the same.;)

Lol.
I didn't like 'Fear and loathing...'

More of a 'Cheech and Chong' generation...and 'Yellow Submarine' with those Blue Meenies....fecked me up real good!

mf240 · 15-05-2016 08:07PM

You'd miss greengrass. Maybe he'll come back.

Buford T. Justice XIX · 15-05-2016 08:12PM

whelan2 wrote: »

Who had it before? My dad said there's an interesting article in the business part of the Sunday independent on the dairy industry maybe someone could link it please

This one?

http://www.independent.ie/business/irish/milk-price-crash-can-only-signal-an-increase-in-tempo-for-the-slow-dance-of-dairy-processing-marriages-34714552.html

They had it fairly well hidden.

Edit. How was the communion, good day?

Timmaay · 15-05-2016 08:22PM

mf240 wrote: »

You'd miss greengrass. Maybe he'll come back.

Ya'll find him in twitterland or Facebook.

whelan2 · 15-05-2016 08:28PM

Buford T. Justice V wrote: »

This one?

http://www.independent.ie/business/irish/milk-price-crash-can-only-signal-an-increase-in-tempo-for-the-slow-dance-of-dairy-processing-marriages-34714552.html

They had it fairly well hidden.

Edit. How was the communion, good day?

Had a great day yesterday, milking was bad this morning, Young lad said it was the best day ever, just back from nephews communion now

mf240 · 15-05-2016 08:28PM

Timmaay wrote: »

Ya'll find him in twitterland or Facebook.

Tried twitter . can't figure it out .

Might as well be looking into a field of thistles ..

Buford T. Justice XIX · 15-05-2016 08:37PM

mf240 wrote: »

Tried twitter . can't figure it out .

Might as well be looking into a field of thistles ..

Give it a while. You can't follow conversations like on here but you can follow a few having the conversation and click into the conversation from their tweets, if that makes sense.

Anyway, I'd say most of the regular F&F posters are on there at this stage.

WheatenBriar · 15-05-2016 08:37PM

whelan2 wrote: »

Who had it before? My dad said there's an interesting article in the business part of the Sunday independent on the dairy industry maybe someone could link it please

Strathroy

They lost tesco to Arrabawn

Timmaay · 15-05-2016 08:42PM

Buford T. Justice V wrote: »

Give it a while. You can't follow conversations like on here but you can follow a few having the conversation and click into the conversation from their tweets, if that makes sense.

Anyway, I'd say most of the regular F&F posters are on there at this stage.

Hmm haven't you sussed out yet

Boards is largely limited to Irish only, you get opinions from quite a few of the UK and NZ grass based dairyfarmers which is good.

whelan2 · 15-05-2016 08:44PM

mf240 wrote: »

Tried twitter . can't figure it out .

Might as well be looking into a field of thistles ..

Bit beyond me twitter

Water John · 15-05-2016 09:13PM

That article is a bit generalised. Made for general public consumption.
Don't see Arrabwan being susumed by DG anytime soon.
Arrabawn, Carbery and Lakeland could do link ups and not thread on each others toes. good cooperation already between Lakeland and Arrabawn.

Glanbia and DG mostly likely to work closely/merge/TO.

Why? He may be right in his last line.
'With farmers, farm organisations and banks all likely to pile on the pressure, dairy consolidation is only getting started'.
The most important word there is 'banks'.
As I wrote about the DG AGM, the banks will dictate what happens to DG.

BTW nobody has joined the logical dots to explain how Fonterra, controlling 95% of the NZ market have been very beneficial for the NZ farmer!!!
Surely they have the best price???

kevthegaff · 15-05-2016 09:23PM

Water John wrote: »

That article is a bit generalised. Made for general public consumption.
Don't see Arrabwan being susumed by DG anytime soon.
Arrabawn, Carbery and Lakeland could do link ups and not thread on each others toes. good cooperation already between Lakeland and Arrabawn.

Glanbia and DG mostly likely to work closely/merge/TO.

Why? He may be right in his last line.
'With farmers, farm organisations and banks all likely to pile on the pressure, dairy consolidation is only getting started'.
The most important word there is 'banks'.
As I wrote about the DG AGM, the banks will dictate what happens to DG.

BTW nobody has joined the logical dots to explain how Fonterra, controlling 95% of the NZ market have been very beneficial for the NZ farmer!!!
Surely they have the best price???

I'd like to see Arrabawn merge with either tipp co op or centenary Walter, personally thing five or six co ops would be sufficient in terms of scale and competition. Haven heard about Dairygold/glanbia merger yet. Dairygold s offer for Arrabawn last year was insulting imo

Water John · 15-05-2016 09:29PM

The offer wasn't a Take Over it was to be a Take Out.

DG could not buy sh**e at this point. Borrowing peaking to €200M ATM.
Need to fund another €25M infrastructure next year!!!

You could be right on the other mergers.
I would not see anything wrong with about 6 in total myself.
Once the mergers were on a white knight basis and fair with each bringing something to the table and synergies being worked out.

mahoney_j · 15-05-2016 10:27PM

kevthegaff wrote: »

I'd like to see Arrabawn merge with either tipp co op or centenary Walter, personally thing five or six co ops would be sufficient in terms of scale and competition. Haven heard about Dairygold/glanbia merger yet. Dairygold s offer for Arrabawn last year was insulting imo

Wasn't insulting ,was a poor offer but itvwas just an initial offer .they were never going to play trump card first same thing would of happend if roles reversed ..nothing to be gained by merging with tipp or centenary .geographicaly it makes sense alright

Water John · 15-05-2016 10:37PM

Not much good keeping your bid low, especially when it is not within the tent of trust and respect. It then looks as an insult.

Bass Reeves · 15-05-2016 10:43PM

Everybody seems to think that Dairygold is a Glanbia target. The one I watch is Kerry. Hard to see them leave a milk pool like that slip away from them. Remember Golden vale they slipped in with an offer that shareholders (mostly farmers) could not refuse. It seem an expensive purchase at the time. Denis Brosnan explained that a farmer is always willing to go the extra mile for the neighbours land next door. Do not see Glanbia getting DG cheap not with a covetous Kerry next door.

Water John · 15-05-2016 10:49PM

Not sure is extra milk pool of interest to the Kerry of today.
Golden Vale TO was personal for Denis Brosnan.
The big advantage would be getting a lot of plant at a knock down price if that is what they wanted.
What is hard to explain is Kerry suppliers in revolt and DG suppliers cowed down.

cute geoge · 15-05-2016 10:52PM

Bass Reeves wrote: »

Everybody seems to think that Dairygold is a Glanbia target. The one I watch is Kerry. Hard to see them leave a milk pool like that slip away from them. Remember Golden vale they slipped in with an offer that shareholders (mostly farmers) could not refuse. It seem an expensive purchase at the time. Denis Brosnan explained that a farmer is always willing to go the extra mile for the neighbours land next door. Do not see Glanbia getting DG cheap not with a covetous Kerry next door.

The golden vale farmers did well out of the share deal they got when kerry took over .You can be sure kerry wont go over the top to take over d.g.
Stan tells us he can get milk anywhere else cheaper so what other benefit would keery get buying d.g.

Bass Reeves · 15-05-2016 10:55PM

cute geoge wrote: »

The golden vale farmers did well out of the share deal they got when kerry took over .You can be sure kerry wont go over the top to take over d.g.
Stan tells us he can get milk anywhere else cheaper so what other benefit would keery get buying d.g.

How do you know a Kerryman's is telling you fibs or a tall story when he trying to do a deal........they never lie;)

His lips move

Water John · 15-05-2016 11:04PM

It could be a combination of bank pressure and the dry shareholders of DG.

DG may not find their lenders in positive listening mood when DG come calling to restructure loans due. They may prefer to do business with large international solid company.

It would be hugely ironic if DG was taken over, possibly against management wishes by Kerry by the shares of dry shareholders which the same management have used for their own motives in the past.
I'd say, a good offer to dry shareholders, they would be receptive to.
Of the shares they had 15 years ago, they have lost one third in REOX and the rest are still at the same value.

Farmer Ed · 15-05-2016 11:05PM

Add on done deal. Co op free to good home. No brands, no money, shiny new plant to make products nobody wants and very sizable defined benefit pension scheme for its managment to be funded. Also substantial debts to be serviced.

Milk Price- Please read Mod note in post #1

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