beef price tracker

Base price

Straight from the horses mouth, well one of them
http://www.farmersjournal.ie/beef-prices-could-fall-10c-kg-next-week-kepak-190062/

Willfarman

A lot are only on a two day week next week so that may explain how the job was a little keener for yesterday and today. I was told strictly to keep over 400 kg bullocks from slaney. Had nothing to trouble it anyway.

Base price

I was thinking about the link that I posted above and what the Kepak representative said about factors that are going to cause a 10c/kg price fall. One factor was reduced consumption in France and the other was a reduction in the Chinese market for offal and hides.
It is ironic that us farmers have to suffer a price reduction considering we don't even get paid for the 5th quarter.
It really is a fcuked up system were the processors are always on the winning side at the expense of producers

Cavanjack

Base price wrote: »

I was thinking about the link that I posted above and what the Kepak representative said about factors that are going to cause a 10c/kg price fall. One factor was reduced consumption in France and the other was a reduction in the Chinese market for offal and hides.
It is ironic that us farmers have to suffer a price reduction considering we don't even get paid for the 5th quarter.
It really is a fcuked up system were the processors are always on the winning side at the expense of producers

It's probably a ploy to get farmers to throw cattle at them. It'll probably work.

Base price

Cavanjack wrote: »

It's probably a ploy to get farmers to throw cattle at them. It'll probably work.

Along with the two day week kill.

Cavanjack

Anyone kill cows lately? What are prices like for o's. Waiting for an agent to get back to me

simx

Cavanjack wrote: »

Anyone kill cows lately? What are prices like for o's. Waiting for an agent to get back to me

3.60 os and ps

locha

Anyone get a quote on Steers for this week? Auld boy was in Carnaross and told me that its 3.90 base in Liffey..

Duke92

Was talking to a buyer for one of the big factories today and was to hold on for 2 weeks
Told me they were told they'd pull them as far as they can but are only getting barely enough cattle at the minute and some factories are killing extra days which isn't suiting the big 3 and thinks things could change quicker than people think.

CloughCasey1

Duke92 wrote: »

Was talking to a buyer for one of the big factories today and was to hold on for 2 weeks
Told me they were told they'd pull them as far as they can but are only getting barely enough cattle at the minute and some factories are killing extra days which isn't suiting the big 3 and thinks things could change quicker than people think.

We have a good news report for once! As Pudsey has been saying the sums just don't add up so things have to improve coming into the winter. God help us this time 2017 I can see 3.70 being the base the way they are prick acting now with a lower number of stock in the ground. Supply and demand my hole.

blue5000

CloughCasey1 wrote: »

We have a good news report for once! As Pudsey has been saying the sums just don't add up so things have to improve coming into the winter. God help us this time 2017 I can see 3.70 being the base the way they are prick acting now with a lower number of stock in the ground. Supply and demand my hole.

In a way the poor milk prices now might actually help beef prices in the future, if milk price stayed high, then cow numbers would be higher=more bull calves in the system.
Lads don't realize how much the weak euro vs sterling has helped lift the beef price compared to spring '14.
Factories using the reduced demand in China for the 5th quarter as an excuse to pull beef prices is simply that, an excuse. We all know that the fifth quarter covers the costs to run the factory, their costs if anything have gone down with crude oil price dropping.

Willfarman

China would be a better buyer for Labrador than Charolais it seems. What a load of bolox from supershinySimon and co.
Yes cloughcasey spring 17 we are heading for another crisis.

Willfarman

Unfortunately poor milk price put guys in the position they have to milk more cows now just to stand still. Which is the vicious circle and the race to the bottom which was foretold but too many didn't want to hear.

CloughCasey1

Willfarman wrote: »

China would be a better buyer for Labrador than Charolais it seems. What a load of bolox from supershinySimon and co.
Yes cloughcasey spring 17 we are heading for another crisis.

It will be easy buy calves!!

Willfarman

CloughCasey1 wrote: »

It will be easy buy calves!!

And the milk to feed em!!

tatoo

Any quotes for next week lads, all I'm hearing is 3.90

Cavanjack

tatoo wrote: »

Any quotes for next week lads, all I'm hearing is 3.90

Heard from an agent 3.85 for bullocks (don't have any to sell) and 3.50 for o grade cows. Might be more to be got for the cows will wait till next week.

darragh_haven

3.95 for bullocks being sent off early on Monday morning

CloughCasey1

darragh_haven wrote: »

3.95 for bullocks being sent off early on Monday morning

Double is it?

Duke92

3.90 and 3.95 for bullocks you'd want to be fairly harmless to let them of at 3.85

Willfarman

5 cent doesn't make you up if you have to travel but yes I think 3.90 should be got most places anyway.

Base price

Occasionally I transport cattle in the jeep/trailer to the factory for local elderly neighbours. Most of them do not have a car licence let alone a trailer licence.
Anyway earlier this week a local man asked me to transport two dry cows to a factory. He arranged the price with the factory but when I arrived with them the lady in the office asked me were they Quality Assured.
As far as I was aware cows are not covered by the QA scheme.
Are the factories shifting the goal posts to suit themselves, again.

simx

Base price wrote: »

Occasionally I transport cattle in the jeep/trailer to the factory for local elderly neighbours. Most of them do not have a car licence let alone a trailer licence.
Anyway earlier this week a local man asked me to transport two dry cows to a factory. He arranged the price with the factory but when I arrived with them the lady in the office asked me were they Quality Assured.
As far as I was aware cows are not covered by the QA scheme.
Are the factories shifting the goal posts to suit themselves, again.

No bonus on cows but a lot of places want them from qa herds all the same and the 70d, Slaney could cut 20/30c if not in herd 70d

Base price

simx wrote: »

No bonus on cows but a lot of places want them from qa herds all the same and the 70d, Slaney could cut 20/30c if not in herd 70d

In this case there appears to be a 10c/kg difference in the base price. Both cull cows were born into the herd.

Cassidy2

Is there a chance for a slight rise next week.weather good few pound out in the post?

rangler1

Base price wrote: »

In this case there appears to be a 10c/kg difference in the base price. Both cull cows were born into the herd.

It's probably to replace the €3 bonus for QA herds they've just taken off

degetme

simx wrote: »

No bonus on cows but a lot of places want them from qa herds all the same and the 70d, Slaney could cut 20/30c if not in herd 70d

Dawn are paying four cent a kilo on cows from quality assured farms

simx

degetme wrote: »

Dawn are paying four cent a kilo on cows from quality assured farms

I never got it off them anyway

Willfarman

simx wrote: »

I never got it off them anyway

Ah you'd be getting it in the price I'd say lad!

MfMan

Duke92 wrote: »

3.90 and 3.95 for bullocks you'd want to be fairly harmless to let them of at 3.85

Don't know if 3.90 is available in the west?

simx

Willfarman wrote: »

Ah you'd be getting it in the price I'd say lad!

I Feckin wish ha

jfh

Any thoughts on a price rise. Hopeful thinking, got a bull to go, he'll need another 2 weeks but would let him off now @ 3.90..

dryan

Was quoted 3:85 and 3:90 base for steers today over the phone in the midlands.

Thats 50 cent back on prices i got during the summer.
Not a dickie bird from the IFA and the likes on the price collapse...

Will dig the heels in and hold them for another few weeks.

Willfarman

dryan wrote: »

Was quoted 3:85 and 3:90 base for steers today over the phone in the midlands.

Thats 50 cent back on prices i got during the summer.
Not a dickie bird from the IFA and the likes on the price collapse...

Will dig the heels in and hold them for another few weeks.

It will be 6 weeks before there will be anything resembling a significant rise I think. We are headed for a major crisis in spring 17. Nothing from the ifa on this either.

Cassidy2

Willfarman wrote: »

It will be 6 weeks before there will be anything resembling a significant rise I think. We are headed for a major crisis in spring 17. Nothing from the ifa on this either.

There will be a problem long before that

Cavanjack

Willfarman wrote: »

It will be 6 weeks before there will be anything resembling a significant rise I think. We are headed for a major crisis in spring 17. Nothing from the ifa on this either.

Talking to an agent today he said they'll rise again in a month. Yeah The Ifa are due a press release soon alright. " farmers hold out on selling stock, insist on €4 bla bla..."

mf240

The over thirty months makes a real bollix out of it.

Ive a few to go next week cos they will be over the following week.

Willfarman

Cassidy2 wrote: »

There will be a problem long before that

Enlighten us?

CloughCasey1

Willfarman wrote: »

It will be 6 weeks before there will be anything resembling a significant rise I think. We are headed for a major crisis in spring 17. Nothing from the ifa on this either.

I think long term the factories and ifa will strike a deal on a base price of around 3.80 for a fixed term. With "bonuses" for in spec carcases. Anything that doesn't meet the spec of the base price could be heavily penalised up to 24c in some cases for under/over fleshed animals. And they will keep the 30mts and between 310 and 360 deadweight. I can see the aa and hex schemes be strenghtened further. The lads that produce these animals don't give a flying fup about the beef trade (dairy men) so I think that larry and his merry men will try and play it towards extra "benefits" for the rearer/finisher and deliberately put an extra squeeze on the suckler farmer producing these in the factories eyes "over priced" weanlings and making it harder to buy stores for their finishers. I think they will exploit the expansion of the dairy sector to the last euro. They have the power and the money to do as they please.

Base price

CloughCasey1 wrote: »

I think long term the factories and ifa will strike a deal on a base price of around 3.80 for a fixed term. With "bonuses" for in spec carcases. Anything that doesn't meet the spec of the base price could be heavily penalised up to 24c in some cases for under/over fleshed animals. And they will keep the 30mts and between 310 and 360 deadweight. I can see the aa and hex schemes be strenghtened further. The lads that produce these animals don't give a flying fup about the beef trade (dairy men) so I think that larry and his merry men will try and play it towards extra "benefits" for the rearer/finisher and deliberately put an extra squeeze on the suckler farmer producing these in the factories eyes "over priced" weanlings and making it harder to buy stores for their finishers. I think they will exploit the expansion of the dairy sector to the last euro. They have the power and the money to do as they please.

:eek:

Cavanjack

Cavanjack wrote: »

Talking to an agent today he said they'll rise again in a month. Yeah The Ifa are due a press release soon alright. " farmers hold out on selling stock, insist on €4 bla bla..."

Just read on the indo Henry burns has said "agents need to insist farmers are getting a base price for steers in the €3.90-3.95 range". What an organisation!

CloughCasey1

Cavanjack wrote: »

Just read on the indo Henry burns has said "agents need to insist farmers are getting a base price for steers in the €3.90-3.95 range". What an organisation!

Agents will only look out for themselves. It's their job to source cattle for factories more so than looking after their loyal customers.

Willfarman

CloughCasey1 wrote: »

I think long term the factories and ifa will strike a deal on a base price of around 3.80 for a fixed term. With "bonuses" for in spec carcases. Anything that doesn't meet the spec of the base price could be heavily penalised up to 24c in some cases for under/over fleshed animals. And they will keep the 30mts and between 310 and 360 deadweight. I can see the aa and hex schemes be strenghtened further. The lads that produce these animals don't give a flying fup about the beef trade (dairy men) so I think that larry and his merry men will try and play it towards extra "benefits" for the rearer/finisher and deliberately put an extra squeeze on the suckler farmer producing these in the factories eyes "over priced" weanlings and making it harder to buy stores for their finishers. I think they will exploit the expansion of the dairy sector to the last euro. They have the power and the money to do as they please.

Meat industry Ireland never have and never will do deals with the ifa. Unless we see live export for the surplus 2015 stock the processers are going to be firmly in the driving seat and merciless with price and spec.

CloughCasey1

Willfarman wrote: »

Meat industry Ireland never have and never will do deals with the ifa. Unless we see live export for the surplus 2015 stock the processers are going to be firmly in the driving seat and merciless with price and spec.

Then there is no limit to where it will stop. Going on the figurea Pudsey had for us a few weeks back it made simple supply and demand sense for the prices to hit 4.20-30 again in November. All they do is manipulate the market to suit the situation. This is the only period in a long time that supply is actually thin. What happens when there is 33 or 34k cattle for processing weekly??? The ifa are the biggest laughing stock ever.

patsy_mccabe

Just looking at Bord Bia figures.

Export Numbers
Year To Date - 143k
Last year - 192K

Factory numbers
Year To Date - 1,133k
Last year - 1,187K

CloughCasey1

patsy_mccabe wrote: »

Just looking at Bord Bia figures.

Export Numbers
Year To Date - 143k
Last year - 192K

Factory numbers
Year To Date - 1,133k
Last year - 1,187K

What's your reading on those figures patsy?

rangler1

CloughCasey1 wrote: »

Then there is no limit to where it will stop. Going on the figurea Pudsey had for us a few weeks back it made simple supply and demand sense for the prices to hit 4.20-30 again in November. All they do is manipulate the market to suit the situation. This is the only period in a long time that supply is actually thin. What happens when there is 33 or 34k cattle for processing weekly??? The ifa are the biggest laughing stock ever.

Why target a traditionally poor time to sell beef cattle, ie September /October, why not target june/july,
I wouldn't be too hopeful for November, factories will have feedlot cattle to ensure they can fill the pre Christmas contacts, I hear there's feedlots set up around the country for lambs now, don't know of any one that's actually seen one
All the hobby farmers are selling at the moment and they just ask when will you take them

rangler1

patsy_mccabe wrote: »

Just looking at Bord Bia figures.

Export Numbers
Year To Date - 143k
Last year - 192K

Factory numbers
Year To Date - 1,133k
Last year - 1,187K

Hard to believe that an extra 50k cattle caused such chaos.
Where did all the other cattle go....isn't there 1.7m cows in the country

Willfarman

Extra births this year from the dairy side. It is a repeat of the 2012 retained calves to 2014 beef price crisis.

Processers are going to clean up to the detriment of rural economies!

CloughCasey1

rangler1 wrote: »

Why target a traditionally poor time to sell beef cattle, ie September /October, why not target june/july,
I wouldn't be too hopeful for November, factories will have feedlot cattle to ensure they can fill the pre Christmas contacts, I hear there's feedlots set up around the country for lambs now, don't know of any one that's actually seen one
All the hobby farmers are selling at the moment and they just ask when will you take them

So what's your lot going to do about it?