Milk Price III

Mortelaro

whelan2 wrote: »

You forgot the snow

I did mea culpa

whelan2

Mortelaro wrote: »

We were at 19c less than a decade ago
It wasn't pretty

We all survived

alps

whelan2 wrote: »

We all survived

Yep..

All of us that are here now, survived...

It's a bit like the saying.....all of the cows I wanted to keep are in calf.....

alps

Gawddawggonnit wrote: »

It’s looking like the Irish processors either have a limited market for their product...or, they’re fleecing suppliers to line their own pockets.

All very fine for now, but what happens when there’s a fall in the market?
The last crash I was getting 9-10cpl less than now...take that off Irish milk price and you’re under 20cpl...that’d sort the men from the boys fairly lively.

Difficult to know from our side, but if you were to assess on results....its a sad effort..

Have a look at the increased consumption of SMP in China and have a look at the other diagram and see who's supplying it..

When you see the price that Irish farmers have been getting, we should have been able to capture far more of that market..

alps

The value of combined EU exports Jan-aug 19, is up 11%...

What's happened Irish sales?

Does our processing cost too much?

Have we the wrong products....butter and skim flying???

Are we just s### at selling?

https://twitter.com/Eucolait/status/1186246376927223809?s=09

atlantic mist

the sell hard to try to avoid building stock, they sell lower than our competitors, they have their processor margin secured regardless of sales price, our crowd do love blowing on about revenue growth

FrieslandCampina pricing structure taking an avg price of main competitors in europe is my preferred pricing structure as it keeps everyone honest, makes our processor actually work to achieve margin/profit

whelan2

Over 9% drop in glanbia shares yesterday

Keep Sluicing

whelan2 wrote: »

Over 9% drop in glanbia shares yesterday

They'll hit €9... time to buy then

jaymla627

Keep Sluicing wrote: »

They'll hit €9... time to buy then

Debt levels nearing a billion from a base of 400 million at the start of 19 combined with what value has been wiped of the company since the spring are just ringing to many alarm bells, the more companies and s##te they buy up the higher bonuses the top boys and girl get no matter how questionable the business been bought are, it's a recipe for disaster that's starting to go badly wrong

whelan2

Did anyone read the article in the sunday independent on glanbia. I didn't read it yet. But apparently there's worrying stuff in it

Buford T. Justice XIX

whelan2 wrote: »

Did anyone read the article in the sunday independent on glanbia. I didn't read it yet. But apparently there's worrying stuff in it

This one?

https://www.independent.ie/business/irish/samantha-mccaughren-protein-shakes-glanbias-bottom-line-and-spooks-food-giants-investors-38655022.html

Over promised, under delivered and huge bonuses paid to executives regardless of the performance, it seems.

jaymla627

whelan2 wrote: »

Did anyone read the article in the sunday independent on glanbia. I didn't read it yet. But apparently there's worrying stuff in it

GPN side of business that's over half of revenue stream tanked again, down nearly 8% in sales for the 3rd quarter and a 1.4% price drop, they promised back in July it was only a blip and would rebound in the second half of year strongly so obviously investor sentiment is going to be non-existent going forward given they are been economical with the truth

Mortelaro

But their strategy on milk price having nothing to do with their U.S business is unaffected right ? :rolleyes:

whelan2

Mortelaro wrote: »

But their strategy on milk price having nothing to do with their U.S business is unaffected right ? :rolleyes:

Aye wouldn't like to see their milk price if it was affecting it....

kevthegaff

Wasnt there a lot of selling off at 17 euro a share by board members, maybe investors are not trusting of current management..

Buford T. Justice XIX

Good article on Sir Horace Plunkett, the forgotten man of Irish Agriculture.

https://www.limerickleader.ie/news/then---now---tom-aherne/490164/then-now-the-father-of-farming-co-ops-recalled.html

Buford T. Justice XIX

Rise in GDT again, skim up 6.7% and Casein up 5.1%, both important products for us.

jaymla627

Buford T. Justice VI wrote: »

Rise in GDT again, skim up 6.7% and Casein up 5.1%, both important products for us.

Chinese are really driving on the skim price rise, should leave milk price outlook very promising for 2020

boggerman1

jaymla627 wrote: »

Chinese are really driving on the skim price rise, should leave milk price outlook very promising for 2020

Unless your a glanbia supplierðŸ˜

visatorro

jaymla627 wrote: »

GPN side of business that's over half of revenue stream tanked again, down nearly 8% in sales for the 3rd quarter and a 1.4% price drop, they promised back in July it was only a blip and would rebound in the second half of year strongly so obviously investor sentiment is going to be non-existent going forward given they are been economical with the truth

We may get the Anglo crowd in to look after us. They have a proven track record and I don't think they are working right now...

Mortelaro

Glanbia unchanged
28cpl plus 1 cpl from our own money

Translation- GIanbia Ireland have decided again that anything extra the market returns goes to them not the suppliers

They only get away with it because we're not down there with the pitch forks

Remember at this stage with the plc share price more than halved,the plc's 40% share of every extra bit of profit goes towards management wages and private planes in America for the council member junkets

mahoney_j

Mortelaro wrote: »

Glanbia unchanged
28cpl plus 1 cpl from our own money

Translation- GIanbia Ireland have decided again that anything extra the market returns goes to them not the suppliers

They only get away with it because we're not down there with the pitch forks

Remember at this stage with the plc share price more than halved,the plc's 40% share of every extra bit of profit goes towards management wages and private planes in America for the council member junkets

That’s a disgrace and now the base is set for other coops to spin the same ****e ornua index returning over 31 cent vat inc after processing costs .a 1 cent a liter increase minimum should be there for October milk followed by another for November ,December

whelan2

Mortelaro wrote: »

Glanbia unchanged
28cpl plus 1 cpl from our own money

Translation- GIanbia Ireland have decided again that anything extra the market returns goes to them not the suppliers

They only get away with it because we're not down there with the pitch forks

Remember at this stage with the plc share price more than halved,the plc's 40% share of every extra bit of profit goes towards management wages and private planes in America for the council member junkets

Aye and come out before lakelands with their price....

alps

Mortelaro wrote: »

Glanbia unchanged
28cpl plus 1 cpl from our own money

Translation- GIanbia Ireland have decided again that anything extra the market returns goes to them not the suppliers

They only get away with it because we're not down there with the pitch forks

Remember at this stage with the plc share price more than halved,the plc's 40% share of every extra bit of profit goes towards management wages and private planes in America for the council member junkets

That really is protest territory..

Farmers need to lay down a marker...

Timmaay

Us farmers have all gone out and lifted our game with better breeding, grassland management etc, and all that's happens as a result is the processors have taken the most of that increase in solids payment right off us. Dairying has been reasonably good to me given the circumstances I was presented with (handed a decent dry block of land), however there is alot easier and more interesting a living to be made elsewhere with carryon like this.

Keep Sluicing

What is the mantra horsed out at times like this..... low prices cure low prices. We are 2 cent a litre off "low prices"

jaymla627

Timmaay wrote: »

Us farmers have all gone out and lifted our game with better breeding, grassland management etc, and all that's happens as a result is the processors have taken the most of that increase in solids payment right off us. Dairying has been reasonably good to me given the circumstances I was presented with (handed a decent dry block of land), however there is alot easier and more interesting a living to be made elsewhere with carryon like this.

Sick of saying it, but the majority of glanbia suppliers voted to guarantee the 3.2% margin for G11 and that's the simple fact, only thing that could return a decent price again would be if a company like Saputou bought out the plc's share in G11 and let Siobhan and Jim f**k right off and stop using Glanbia suppliers as a piggy bank to shore up their mistakes on mergers and acquisitions that they have chased solely in the pursuit of bonuses and gifted plc shares

Mooooo

Dean foods have filed for bankruptcy in the US, article hints towards increase in plant based as the reason bit then casually adds that supermarkets are selling there own brand milk and not Dean foods milk anymore which is the actual reason for it.

're glanbia what is the scale of the plc? Does margin on Irish milk contribute much towards the plc as an overall percentage?

Buford T. Justice XIX

Mooooo wrote: »

Dean foods have filed for bankruptcy in the US, article hints towards increase in plant based as the reason bit then casually adds that supermarkets are selling there own brand milk and not Dean foods milk anymore which is the actual reason for it.

're glanbia what is the scale of the plc? Does margin on Irish milk contribute much towards the plc as an overall percentage?

Yeah, they lost the Walmart contract worth something like $450m. DFA are supposed to be looking at buying the company now, which may not be the best thing for milk prices for their suppliers.

Mortelaro

jaymla627 wrote: »

Sick of saying it, but the majority of glanbia suppliers voted to guarantee the 3.2% margin for G11 and that's the simple fact, only thing that could return a decent price again would be if a company like Saputou bought out the plc's share in G11 and let Siobhan and Jim f**k right off and stop using Glanbia suppliers as a piggy bank to shore up their mistakes on mergers and acquisitions that they have chased solely in the pursuit of bonuses and gifted plc shares

Thing is,that vote was like Brexit
They usually are
The grey vote won it...