Milk Price III

jaymla627

pedigree 6 wrote: »

So I take from the last few productive posts that people are happy that milk price is good atm?

Yes?

If so enjoy it.

There's no point then to the in your face loosers rhetoric.
What goes around comes around and all that.

Was delighted yesterday to get a letter confirming I have another 200k fixed at 32 cent for 18 will bring us up to 40% of supply fixed at a average of 31 cent for next year, cant beat having a safety net like this, the real icing on the cake is the cookie jar fund being paid on top of the 32 cent when it does kick in again....
Not feeling to sorry for myself anyway re losing out a few cent this year, if/when price goes back down to low 20's I'll be well covered

pedigree 6

jaymla627 wrote: »

Was delighted yesterday to get a letter confirming I have another 200k fixed at 32 cent for 18 will bring us up to 40% of supply fixed at a average of 31 cent for next year, cant beat having a safety net like this, the real icing on the cake is the cookie jar fund being paid on top of the 32 cent when it does kick in again....
Not feeling to sorry for myself anyway re losing out a few cent this year, if/when price goes back down to low 20's I'll be well covered

Fluck! Just got 40k. Mind you I did apply for 63k.
Let the jealousy begin.

Mooooo

pedigree 6 wrote: »

I used to think the same way.

But in the last hour I've changed my mind and completely agree with the system now.

Why so?

George Sunsnow

Some seem to confuse an argument for autonomy in hedging with an argument against hedging

My milk cheque goes into my own account
I haven't it going into Mammy's only for her to decide how much I spend and how much I save out of it

Glanbia is an awful mammy,she cashes in our sweepstakes ,hands out some of it to us pretending it's a milk payment and pays us as little as she can get away with for our milk

So yes I'm asserting my autonomy like 60% of Glanbia farmers do from her controlling any more of my money than she already does

Keepgrowing

George Sunsnow wrote: »

You seem to be confusing an argument for autonomy in hedging with an argument against hedging

My milk cheque goes into my own account
I haven't it going into Mammy's only for her to decide how much I spend and how much I save out of it

Glanbia is an awful mammy,she cashes in our sweepstakes ,hands out some of it to us pretending it's a milk payment and pays us as little as she can get away with for our milk

So yes I'm asserting my autonomy like 60% of Glanbia farmers do from her controlling any more of my money than she already does

Why are you quoting me in your reply? I've no doubt in your ability to make a decision.

George Sunsnow

Keepgrowing wrote: »

Why are you quoting me in your reply? I've no doubt in your ability to make a decision.

Because you implied in what was quoted that the opposition to fixed schemes was opposition to hedging
It's not
It's a difference of opinion on how one should be prepared

Keepgrowing

George Sunsnow wrote: »

Because you implied in what was quoted that the opposition to fixed schemes was opposition to hedging
It's not
It's a difference of opinion on how one should be prepared

The flowing is what I posted "

By God we've some fair experts on here now :)

Any predictions on next Mays milk price?"

Where did I imply any such thing?

Farmer Ed

The issue I have always had with fixed scheme's is they confuse the situation more than it already is an if one person wins then the other person loses. At the end of the day in a properly run co op there is only a certain pot of money to be decided between farmers to pay for there milk. I'd much prefer to see that decided based on the return the co op was able to deliver from processing that milk rather than on a bet between farmers.

If these things were designed to confuse then surely tonight's contributions here are evidence that they are successful at least in doing that.

pedigree 6

Mooooo wrote: »

Why so?

Because loyalists should be rewarded.

You can't become a loyalist till you've proved your allegiance and started at the bottom.

kevthegaff

28 cent average nxt year, but I'm a half glass empty man. Completely disagree with robbing Peter to pay Paul. Always said it with fixed schemes and never wanted in my co op, but has been introduced lately so will be interesting

George Sunsnow

Keepgrowing wrote: »

The flowing is what I posted "

By God we've some fair experts on here now :)

Any predictions on next Mays milk price?"

Where did I imply any such thing?

So you're not implying anything,that's that clarified then...
I'll edit my post to reflect that so thanks

mahoney_j

kevthegaff wrote: »

28 cent average nxt year, but I'm a half glass empty man. Completely disagree with robbing Peter to pay Paul. Always said it with fixed schemes and never wanted in my co op, but has been introduced lately so will be interesting

Wether u want them or not Kev it's here to stay and another one is on the way for next year .

K.G.

fixed milk price schemes,i make a call and go with it and dont think about it anymore.they are never about maximising price,it is more about avoiding crashs

Mooooo

pedigree 6 wrote: »

Because loyalists should be rewarded.

You can't become a loyalist till you've proved your allegiance and started at the bottom.

That then defeats the purpose with which we are told they are for, a tool for us to manage the volatility. If you have to join them to stay in them the choice is then removed to use them as we see fit as a tool and are well on to a road of a + b contracted type milk similar to the UK.

whelan2

Are superlevy payments still being deducted from creamery accounts. If so, how long more do they go on for?

freedominacup

whelan2 wrote: »

Are superlevy payments still being deducted from creamery accounts. If so, how long more do they go on for?

One more godamned month.

Mooooo

Is it just peak months or is it the last payments?

freedominacup

.

Keepgrowing

My view on Fixing price is very simple, I don't like being down slightly on price when price is strong but we can't afford to be down when price is low.

I'm not too certain this price rise will be sustained as it's based on Fats and not at products. My concern is when large users start to substitute veg oils in place of fats due to price.

For me I'm prepared to take a hit at a higher price but can't afford it at a low price

George Sunsnow

I know what my CoP is
Every penny over that ex tax is into the dipping fund for when price is below CoP

I've never understood the logic of for example buying a big new tractor I don't need to save tax in a good year
I'd be at the loss of the whole €80k then instead of maybe €20k
I'd rather have the €60k to buffer low price storms because that's the environment we do business in
The 60% still trading or a good proportion of them after the last dip must be doing something right..

Mooooo

Keepgrowing wrote: »

My view on Fixing price is very simple, I don't like being down slightly on price when price is strong but we can't afford to be down when price is low.

I'm not too certain this price rise will be sustained as it's based on Fats and not at products. My concern is when large users start to substitute veg oils in place of fats due to price.

For me I'm prepared to take a hit at a higher price but can't afford it at a low price

I agree. Dairygold have not made past participation a requirement yet and would be against it if they did so. That would be the only issue I have with the glanbia scheme

Farmer Ed

I'd be very disappointed if fat hasn't made a permanent comeback. Particularly grass fed fat. It now considered healthy by a growing number. Only slight worry I'd have is that some of the more discerning customers are looking at the GM free market and we could be caught napping there.

mahoney_j

Farmer Ed wrote: »

I'd be very disappointed if fat hasn't made a permanent comeback. Particularly grass fed fat. It now considered healthy by a growing number. Only slight worry I'd have is that some of the more discerning customers are looking at the GM free market and we could be caught napping there.

Fully agree with frazzled earlier post ,on grass fed fats I don't think it makes one blind bit of difference wether it's grass or tmr fat .butter is in vogue now no matter what .this whole grass fed cows out grazing in fields isn't delievering as much as we would like to think

visatorro

The fat being healthy now is impossible to predict or understand how long and why it will be in fashion. The atkins diet was huge 15 years ago, anyone remember a spike in beef price's?

whelan2

Keepgrowing wrote: »

My view on Fixing price is very simple, I don't like being down slightly on price when price is strong but we can't afford to be down when price is low.

I'm not too certain this price rise will be sustained as it's based on Fats and not at products. My concern is when large users start to substitute veg oils in place of fats due to price.

For me I'm prepared to take a hit at a higher price but can't afford it at a low price

Where there any fixed price schemes in 2009? most of us lived to tell the tale without them

mf240

The butter is more a change from it being bad for you to suddenly people realising that it is good for you and a move away from the plant based alternatives.

As sure as night follows day, production with Catch up with demand and price will taper off /reduce.

How long that will take is anyones guess.

pedigree 6

mahoney_j wrote: »

Fully agree with frazzled earlier post ,on grass fed fats I don't think it makes one blind bit of difference wether it's grass or tmr fat .butter is in vogue now no matter what .this whole grass fed cows out grazing in fields isn't delievering as much as we would like to think

If you read the American food forums they are either raving about Kerrygold or a butter from Normandy, France.
They all point to the difference in taste from the U.S. butters. The difference?
The irish and French butters are from grass fed cows the U.S. are indoor tmr fed cows.

Tell me if I'm wrong but the European butters availability on U.S. shelves is only a recent development I think.
But it's a big market and Kerrygold holds a premium there atm.

What could happen though with quotas gone here is farmers shooting themselves in the foot and start producing for volume above everything else and before you know it we have indoor tmr cows like the rest of the world and bland white butters to go with it. Keep the cows grazing folks.

blue5000

visatorro wrote: »

The fat being healthy now is impossible to predict or understand how long and why it will be in fashion. The atkins diet was huge 15 years ago, anyone remember a spike in beef price's?

Maybe it spiked in the US, here we still had BSE keeping a lid on things.

Timmaay

Has anyone tried an atkins diet ha? I got dragged into a week long atkins diet for a friends research program when I was in ucd, I lasted 3days before I said fook that lol. No carbs allowed at all, only fat and protein. No comparison of a complete fad diet with the world having finally stopped listening to the marketing bullsh1t that low fat, butter replacements are meant to be healthy for us. Low fat nowadays is generally accepted to actually mean "high sugar" to replace the lost taste.

kowtow

pedigree 6 wrote: »

Because loyalists should be rewarded.

You can't become a loyalist till you've proved your allegiance and started at the bottom.

Trouble is, offering an option on a future scheme as part of a current one makes it impossible to price the risk and therefore make an intelligent decision about whether to fix or not.

I can see the problem though - a little incentive to get people fixing and make it a normal part of milk supply is probably a good thing all round.. but it would be nice to see those incentives kept to an absolute minimum.

Ornua claims it is the counterparty to the majority of Irish fixed price contracts. If so, the profits from kerrygold in the current climate should be strong indeed.