beef price tracker

Willfarman

3.65 slaney. It’s no worse than the weather woes last year but another year working for nothing.

Hard Knocks

Willfarman wrote: »

3.65 slaney. It’s no worse than the weather woes last year but another year working for nothing.

2 years ago was a very wet year & there was a cut, last year was the drought with lots of cows sent to the factory & there was a cut
This year there’s a cut

Cavanjack

At this rate of going what’s a 500kg continental store going to be worth this back end? €900 is too much for him.

theaceofspies

Don't worry lads - 'Leo has our backs' :eek::eek:
Fellas really need to think more carefully and ask the awkward/difficult questions when the 'candidates' arrive at the doors the next time (might be soon enough).
No more smiles and tugging the forelock.

For example ask them "what are you going to do if I elect you to protect Irish farming". Note their response - they might even think you are intelligent. If they or their party (same difference) fail to deliver do not ever vote for them again.
Automatically move onto another candidate/party.
Eventually we will get a Government we deserve. It might take generations though to undo the damage.

older by the day

theaceofspies wrote: »

Don't worry lads - 'Leo has our backs' :eek::eek:
Fellas really need to think more carefully and ask the awkward/difficult questions when the 'candidates' arrive at the doors the next time (might be soon enough).
No more smiles and tugging the forelock.

For example ask them "what are you going to do if I elect you to protect Irish farming". Note their response - they might even think you are intelligent. If they or their party (same difference) fail to deliver do not ever vote for them again.
Automatically move onto another candidate/party.
Eventually we will get a Government we deserve. It might take generations though to undo the damage.

As said before what is the alternative. Mich Martin is as limp as a wet towel and no new FF leader jumps off the page to me. Sinn Fein are promising everything to everyone. They want a 9 Euro rise to social welfare. Labor, we're not in the public service. Bla bla bla. None of them really gives a f##k

theaceofspies

older by the day wrote: »

As said before what is the alternative. Mich Martin is as limp as a wet towel and no new FF leader jumps off the page to me. Sinn Fein are promising everything to everyone. They want a 9 Euro rise to social welfare. Labor, we're not in the public service. Bla bla bla. None of them really gives a f##k

They don't give a a f##k because the same people/parties get re-elected time after time - all they sell are lies. It's your doorstep they call to - take control of it and nail it in the ballot box. People have to wake up and demand accountability.

K9

theaceofspies wrote: »

They don't give a a f##k because the same people/parties get re-elected time after time - all they sell are lies. It's your doorstep they call to - take control of it and nail it in the ballot box. People have to wake up and demand accountability.

What would you do as a politician to rise beef price now

theaceofspies

I'm not a politician.

Like I said we need to ask the man/woman who calls to our door what they are going to do for our vote and hold them accountable.

The fortunes of farming are not driven by the harvest anymore -it's is in the hands of Phil Hogan and his like.

Olpiy

K9 wrote: »

What would you do as a politician to rise beef price now

Getting that useless Competition Authority to actually do their job would be a start.

gerryirl

We all know the beef drop is to put manners on the beef protesters on Wednesday in Dublin. Show them who’s boss type of thing. It’s time prime time on RTÉ does a programme on the beef industry and see all the non Irish beef being imported labeled as Irish. How one man can make millions in profits and the fools producing the product up to there necks in debt. It’s not far off the drugs trade from source to street type of thing . Someone is making money but it’s not the farmer. I’m not condoning growing cotton plants by the way .

kk.man

Olpiy wrote: »

Getting that useless Competition Authority to actually do their job would be a start.

Give them proper teeth to do their job. They are hampered by poor legislation.

Willfarman

The alternative for those of us with a sfp is pocket it. Run an extensive low cost low output system. Those without sfp just set the place or plant it. But Fock this advise of pushing for maximum output per acre to sort a beef price that’s below the price of variable costs never mind fixed costs.

Bass Reeves

I saw in the Journal latly that the goodman group made 170 million in profits last year. Was this for the ABP division only.

gerryirl

Willfarman wrote: »

The alternative for those of us with a sfp is pocket it. Run an extensive low cost low output system.

thats the sad reality facing us all. We have all burst our balls to improve, grow , try new things etc but no matter what we do or what way we turn we're like the turkeys waiting for christmas

Danzy

The only job where driving efficiency and maximizing yield is a problem.

wrangler

kk.man wrote: »

Give them proper teeth to do their job. They are hampered by poor legislation.

They haven't the mindset either, there is no public service looking after the self employed, they've been told to investigate the processors many times only to come back with the conclusion that there's no cartel.
Actually we've got away with this apathy for too long, we've got to the stage where there is nothing stopping processors offering €3/kg next week, (probably wouldn't get a reduction in supply even at that) there is no other sector that is satisfied to be paid at the customers whim, Imagine if you could specify a price if you're buying a car and how long the suppliers would survive,
Wonder what it'd take even to get 20% of drystock farmers in Dublin next week, maybe €3/kg.
Delighted to be away from it now

older by the day

Willfarman wrote: »

The alternative for those of us with a sfp is pocket it. Run an extensive low cost low output system. Those without sfp just set the place or plant it. But Fock this advise of pushing for maximum output per acre to sort a beef price that’s below the price of variable costs never mind fixed costs.

It makes sense. But in the real world Ireland is an expensive place to keep a house and rear a family. And it's only bachelor s who spend their pensions keeping their few sucklers that can keep the very stocking rate system going

kk.man

Bass Reeves wrote: »

I saw in the Journal latly that the goodman group made 170 million in profits last year. Was this for the ABP division only.

I doubt it was all from ABP. However looking at the IFJ it would say the majority of it was from the processing side. He has huge investment vehicles too which have shown a good return. It's not clear what ABP as an entity is making. Some of those off shore companies opperate as a 'bank' for others.
It's a complex web but because he changed counties it has been exposed somwhat. I bet he is going mad over the timing.

148multi

kk.man wrote: »

I doubt it was all from ABP. However looking at the IFJ it would say the majority of it was from the processing side. He has huge investment vehicles too which have shown a good return. It's not clear what ABP as an entity is making. Some of those off shore companies opperate as a 'bank' for others.
It's a complex web but because he changed counties it has been exposed somwhat. I bet he is going mad over the timing.

I understand that he is a large shareholder in the galway clinic and the hermitage.

CloughCasey1

3.60 quote for Wednesday. Balls.

locha

CloughCasey1 wrote: »

3.60 quote for Wednesday. Balls.

Steers?

Grueller

3.75 base for in spec heifers quoted here

morphy87

If they are dropping this much so early what do ye reckon they will be the end of September? I thought 3.75 would be got at the fall a few months ago, the way it’s going it will be closer to 2.75 unfortunately,personally know two big winter finishers that are leaving sheds empty this winter

kk.man

morphy87 wrote: »

If they are dropping this much so early what do ye reckon they will be the end of September? I thought 3.75 would be got at the fall a few months ago, the way it’s going it will be closer to 2.75 unfortunately,personally know two big winter finishers that are leaving sheds empty this winter

The talk is to bottom out at 3.50.

I got 3.65 today which translated in 3.75 for my herefords and 3.77 for my AA. I was happy enough as they killed out well in a bad year price wise. They left me with an honest margin (didn't do the sums yet).

morphy87

kk.man wrote: »

The talk is to bottom out at 3.50.

I got 3.65 today which translated in 3.75 for my herefords and 3.77 for my AA. I was happy enough as they killed out well in a bad year price wise. They left me with an honest margin (didn't do the sums yet).

When do you reckon they will hit 3 50? Where you’re cattle much heavier this year to last year dead weight? Or did you just sell them earlier?

kk.man

morphy87 wrote: »

When do you reckon they will hit 3 50? Where you’re cattle much heavier this year to last year dead weight? Or did you just sell them earlier?

Meant to say I got 3.87 on the AA bullocks.

I reckon when this beef bailout is paid over they will ride us completely. It will be be close to the SFP too, another excuse.

They gain weight quicker this year Because of the growth. Last year was a disaster for me with the drought I had to move cattle on fat score 3. I sold my cattle around the same time probably a little later this year Because I could afford to hold them longer. That load netted 1305 while the previous one netted 1337.

Willfarman

They were good cattle. A Larry goodman plant?

kk.man

Willfarman wrote: »

They were good cattle. A Larry goodman plant?

Yes and yes.

Hershall

CloughCasey1 wrote: »

3.60 quote for Wednesday. Balls.

3.60 for bks midlands and not quoting for next week..........

Cavanjack

Hershall wrote: »

3.60 for bks midlands and not quoting for next week..........

Yeah heard 3.60 for next week.

CloughCasey1

locha wrote: »

Steers?

Ya. Two bullocks. One going over age the other over fat. Could send more but have time on my side and they are lean enough yet and thriving well. Hope things improve.

johnnyw20

€3.60 looks to be the price for next week. I’m new enough to finishing and always thought that up to the end of July you would get around €4 a kg. What was the lowest price people have seen for beef in the last 10 odd years? I can’t see much hope for the rest of the year

gerryirl

johnnyw20 wrote: »

€3.60 looks to be the price for next week. I’m new enough to finishing and always thought that up to the end of July you would get around €4 a kg. What was the lowest price people have seen for beef in the last 10 odd years? I can’t see much hope for the rest of the year

yep an Ive a few ready next 2 weeks. pumped with nuts. Im sick of it now. a complete waste of time and money. Debating what do for winter. Just feed a few for payments and buy a few to eat the grass in summer to save me topping. Thats all it has become. It is now an expensive hobby

morphy87

Do ye reckon they might rise a bit late August September with the intentions that it might encourage some men to purchase cattle for winter finishing? Because the way it’s going none of these men are going to be around the ring to buy this autumn,and if there not what will the 500kg hex and aax make? The kill is still very high,it doesn’t seem to be slacking off at all

Neddyusa

gerryirl wrote: »

yep an Ive a few ready next 2 weeks. pumped with nuts. Im sick of it now. a complete waste of time and money. Debating what do for winter. Just feed a few for payments and buy a few to eat the grass in summer to save me topping. Thats all it has become. It is now an expensive hobby

Expensive hobby is right.
Only a quarter the normal number of cattle bought here this year.
I bought a new topper though.....it'll be cheaper than continental bullocks to keep the grass down 😉
Tough times!

Good loser

morphy87 wrote: »

Do ye reckon they might rise a bit late August September with the intentions that it might encourage some men to purchase cattle for winter finishing? Because the way it’s going none of these men are going to be around the ring to buy this autumn,and if there not what will the 500kg hex and aax make? The kill is still very high,it doesn’t seem to be slacking off at all

It must be because cattle are thriving well and coming in early.

Cattle are bound to get scarcer at some point, which should help prices recover.

Europe wide prices are well down - we are not exceptional.

Would expect the Swine Fever in the Far East to impact on prices before year end.

Bass Reeves

morphy87 wrote: »

Do ye reckon they might rise a bit late August September with the intentions that it might encourage some men to purchase cattle for winter finishing? Because the way it’s going none of these men are going to be around the ring to buy this autumn,and if there not what will the 500kg hex and aax make? The kill is still very high,it doesn’t seem to be slacking off at all

According to Yesterdays FI the whole point of knocking sh!te out of the price is to make stores cheap at the back end. Processors know that a lot of winter finishers are p!ssed off. They are hoping that cheap stores will encourage lads to gamble again. Ration prices should be cheap as well. Not only do they want the big fella but also they want the small lad to feel he has no choice but to finish them.

A poor summer price will also leave the summer grazer less able to complete with the winter finisher on store price. I have been thinking numbers would dry up at some stage but now I cannot see it happen before Mid/Late Autumn. Lads will be caught by the 30 month rule from now on and will be killing on age to get QA. Lads will not be around the ring if cattle are expensive they might gamble if they are cheap especially if the processors do as they done in March and start throwing out a few fancy contracts to a few lads for January/February cattle. Lads will fill the sheds to get rode again.

I says

Bass Reeves wrote: »

According to Yesterdays FI the whole point of knocking sh!te out of the price is to make stores cheap at the back end. Processors know that a lot of winter finishers are p!ssed off. They are hoping that cheap stores will encourage lads to gamble again. Ration prices should be cheap as well. Not only do they want the big fella but also they want the small lad to feel he has no choice but to finish them.

A poor summer price will also leave the summer grazer less able to complete with the winter finisher on store price. I have been thinking numbers would dry up at some stage but now I cannot see it happen before Mid/Late Autumn. Lads will be caught by the 30 month rule from now on and will be killing on age to get QA. Lads will not be around the ring if cattle are expensive they might gamble if they are cheap especially if the processors do as they done in March and start throwing out a few fancy contracts to a few lads for January/February cattle. Lads will fill the sheds to get rode again.

I’ve cattle fit to go I’m not giving them away at 3.60 so let them weight over 400kgs dw in a couple of months

Dunedin

I says wrote: »

I’ve cattle fit to go I’m not giving them away at 3.60 so let them weight over 400kgs dw in a couple of months

But watch the fat scores if you intend to wait that long as the cuts might be a lot more severe than any potential gain via weight

mahoney_j

Good loser wrote: »

It must be because cattle are thriving well and coming in early.

Cattle are bound to get scarcer at some point, which should help prices recover.

Europe wide prices are well down - we are not exceptional.

Would expect the Swine Fever in the Far East to impact on prices before year end.

That’s the only chink of light I see for beef prices

Fireside Solicitor

Agent for Slaney talking 3.55 next week but delays. Reckons it'll be 3.50 by end of month.

Trying elsewhere.

tanko

morphy87 wrote: »

Do ye reckon they might rise a bit late August September with the intentions that it might encourage some men to purchase cattle for winter finishing? Because the way it’s going none of these men are going to be around the ring to buy this autumn,and if there not what will the 500kg hex and aax make? The kill is still very high,it doesn’t seem to be slacking off at all

These year round high kills are the new reality now that the consequences of the massive increase in the dairy herd kicks in since the abolition of milk quotas.
I don't see it slacking off at all, probably increasing more like until a big reduction in the suckler herd takes place.
Bad weanling prices in the autumn will be the last straw for a lot of lads with suckers if it happens.
What is the minimum stocking rate to get the ANC payment??
It's a figure I'll be paying a lot of heed to from now on.

Fireside Solicitor

.15 LU per hectare to get the ANC.

Cattle thriving well this year. Going to let them go heavy into August and take my chances.


Time then to stand back and see how live prices go in the autumn.

Fireside Solicitor

Can you see strong weanling and lighter store prices come October?

Bass Reeves

They are starting to want cattle booked in 2 weeks in advance. This can mean one if two things. Either they are struggling to sell the beef and numbers being killed are too high or they are expecting that the numbers coming in are slowing down. They usually do this trick in the Autumn to stretch the kill out nearer Christmas and they did it this March/April buy slowing the excessively high bull kill.

It may be a chink of light but it may also be that there seems to be high numbers right across Europe

Notoldorwise

Brought 8 AAX to the factory July 2 2018. Received €4.04/kg.
Brought 10 AAX that were finished same as last year to the factory July 8 2019. Received €3.47/kg....

Fireside Solicitor

Lot of meat on big promotion in the supermarkets at the minute.

If I wasn't too auld to do something else I definitely wouldn't be sticking at this.

tanko

Fireside Solicitor wrote: »

Can you see strong weanling and lighter store prices come October?

No, it's hard to see that at the moment.

dohc turbo2

tanko wrote: »

These year round high kills are the new reality now that the consequences of the massive increase in the dairy herd kicks in since the abolition of milk quotas.
I don't see it slacking off at all, probably increasing more like until a big reduction in the suckler herd takes place.
Bad weanling prices in the autumn will be the last straw for a lot of lads with suckers if it happens.
What is the minimum stocking rate to get the ANC payment??
It's a figure I'll be paying a lot of heed to from now on.

Same here , my bull got injured and not being replaced , what’s empty come scan time fall of year will be fattened up and not replaced and what’s left to calf won’t see a bull next season and they will go at weanling , few dry stock just to keep payments from now on , good few dairy lads around always looking for grass so hopefully sell silage standing

Bass Reeves

tanko wrote: »

These year round high kills are the new reality now that the consequences of the massive increase in the dairy herd kicks in since the abolition of milk quotas.
I don't see it slacking off at all, probably increasing more like until a big reduction in the suckler herd takes place.
Bad weanling prices in the autumn will be the last straw for a lot of lads with suckers if it happens.
What is the minimum stocking rate to get the ANC payment??
It's a figure I'll be paying a lot of heed to from now on.

It really a matter of cutting costs to the bone to stay in business. forget about Teagasc of more production/HA. Forget about chasing your tail. Stock at what is viable to carry on your land. Unless you are going to plant it most other option at present are loss making. Let your cattle in the one bunch and move them across the farm. Spread a bit of Fertlizer for early growth. Cut your silage in one cut if possible in Late May/Early June. Forget about age and QA buy value carry them to finish. Maximise your GLAS/REPS, ANC and Discussion group. If there is any quite poor land on the place plant it. Silage and minerals over the winter will carry most stores. If cattle numbers drop producing excess silage or Hay will be loss making as well. For every cow on the place you should be able to carry 0.7-1.5 Beef System units.

What a BS unit, it depend on your system. In Calf to Beef it would be a calf and a yearling and a finishing bullock if you went that direction. If you decide to buy as yearlings it a yearling and a finishing animal etc. You nay decide to go with a bunch of cull cows or heifer rearing. but try to match your stocking rate to your farm with some fertlizer and minimum ration or nuts.

Notoldorwise wrote: »

Brought 8 AAX to the factory July 2 2018. Received €4.04/kg.
Brought 10 AAX that were finished same as last year to the factory July 8 2019. Received €3.47/kg....

I expect that this years ones graded poorer as well. Early July last year the base was hitting 4/kg at on Monday they were 3.60 or 3.65/kg. at 3.47/kg they look as if they graded a sub grade or two down.

dohc turbo2 wrote: »

Same here , my bull got injured and not being replaced , what’s empty come scan time fall of year will be fattened up and not replaced and what’s left to calf won’t see a bull next season and they will go at weanling , few dry stock just to keep payments from now on , good few dairy lads around always looking for grass so hopefully sell silage standing

Only issue about selling silage standing is replacing the nutrients used. 5 bags of 18-6-12/acre is 90 euro/acre approx