Milk Price III

yewtree

43.7 cent/litre. 3.75 protein and 4.68 fat. 36.5 cent base. Protein bonus pushing it up, fixed price scheme pulling it down a small bit

steer

Many litres at that high of solids?

K.G.

Only two words,boom,boom.now lads i was looking last night at irelands ricj list and they refered to dermot desmond seeing the dotcom bubble bursting.so with that in mind any predictions when milk price is going to crash

yewtree

steer wrote: »

Many litres at that high of solids?

Nothing to exciting around 21 litres on average for the month. Will do 460 kg ms sent to coop for the year

Farmer Ed

K.G. wrote: »

Only two words,boom,boom.now lads i was looking last night at irelands ricj list and they refered to dermot desmond seeing the dotcom bubble bursting.so with that in mind any predictions when milk price is going to crash

Dermot's father was one of the customs officer who stopped Charlie at the border with his stash of weapons. Strangely they ended up becoming the best of friends. When old Mr Desmond died I remember Charlie few down in a helicopter to his funeral in Macroom.

Strange but true.

K.G.

K.G. wrote: »

Only two words,boom,boom.now lads i was looking last night at irelands ricj list and they refered to dermot desmond seeing the dotcom bubble bursting.so with that in mind any predictions when milk price is going to crash

Soft landing?the fundamentals are sound?this is the new price level?butter the new messiah?.

Farmer Ed

K.G. wrote: »

K.G. wrote: »

Only two words,boom,boom.now lads i was looking last night at irelands ricj list and they refered to dermot desmond seeing the dotcom bubble bursting.so with that in mind any predictions when milk price is going to crash

Soft landing?the fundamentals are sound?this is the new price level?butter the new messiah?.

Actually of course you are correct and things will fall again at some stage, but I do know someone who tried to buy butter from a co op recently and was told that it would be cheaper buy it in the shops. The reason given was that the co op had forward sold butter to the shops and it would not be until those contracts expired that they could up the price to the shops. So based on that I would imagine we could be looking at more of a price rise before we see a fall again.

How much who knows? Let's face it we are all just professional gamblers even if we don't like to admit it.

kowtow

Farmer Ed wrote: »

How much who knows? Let's face it we are all just professional gamblers even if we don't like to admit it.

You can't call gambling a profession. Farming is a profession, gambling is 'trade'.

whelan2

kowtow wrote: »

You can't call gambling a profession. Farming is a profession, gambling is 'trade'.

Was a lad on a quiz show last night and he gave up his day job to be a professional gambler, only bets on horses, said he is making more than when he was "working"

Farmer Ed

kowtow wrote: »

Farmer Ed wrote: »

How much who knows? Let's face it we are all just professional gamblers even if we don't like to admit it.

You can't call gambling a profession. Farming is a profession, gambling is 'trade'.

Either way none of us can predict with any degree of certainty what return we will make on our investments.

Farmer Ed

whelan2 wrote: »

kowtow wrote: »

You can't call gambling a profession. Farming is a profession, gambling is 'trade'.

Was a lad on a quiz show last night and he gave up his day job to be a professional gambler, only bets on horses, said he is making more than when he was "working"

Was a passenger in a car last year with a guy who took a phone call from his boss who was quite angry that he had forgotten to put on a bet. I was told he was putting on bets on a regular basis for someone and they had a winning rate of 70% betting on horses.

All I can say is at least with greyhounds they don't have anyone on their backs.

cute geoge

Farmer Ed wrote: »

Was a passenger in a car last year with a guy who took a phone call from his boss who was quite angry that he had forgotten to put on a bet. I was told he was putting on bets on a regular basis for someone and they had a winning rate of 70% betting on horses.

All I can say is at least with greyhounds they don't have anyone on their backs.

You never heard how j.p. mac started his empire so

Farmer Ed

cute geoge wrote: »

Farmer Ed wrote: »

Was a passenger in a car last year with a guy who took a phone call from his boss who was quite angry that he had forgotten to put on a bet. I was told he was putting on bets on a regular basis for someone and they had a winning rate of 70% betting on horses.

All I can say is at least with greyhounds they don't have anyone on their backs.

You never heard how j.p. mac started his empire so

I'm saying nothing.

orm0nd

cute geoge wrote: »

You never heard how j.p. mac started his empire so

jeez that brings back memories, I remember placing my hard earned fiver bet at the markets fields, with the sundance kid, as he was known.


I'm still milking me few cows & JP is worth 800 million +

Both of us are happy out though.

Farmer Ed

orm0nd wrote: »

cute geoge wrote: »

You never heard how j.p. mac started his empire so

jeez that brings back memories, I remember placing my hard earned fiver bet at the markets fields, with the sundance kid, as he was known.


I'm still milking me few cows & JP is worth 800 million +

Both of us are happy out though.

Both of you are still gambling. Not taking from your success but I'm guessing JP probably has a better win rate.

Floki

Farmer Ed wrote: »

Was a passenger in a car last year with a guy who took a phone call from his boss who was quite angry that he had forgotten to put on a bet. I was told he was putting on bets on a regular basis for someone and they had a winning rate of 70% betting on horses.

All I can say is at least with greyhounds they don't have anyone on their backs.

No experience of betting but I'm told you can get barred from bookmakers.

My father was approached by an Irish tenor at a horse sale to bid for a horse for him. He bought the horse and the tenor gave him a hundred.

Farmer Ed

Floki wrote: »

Farmer Ed wrote: »

Was a passenger in a car last year with a guy who took a phone call from his boss who was quite angry that he had forgotten to put on a bet. I was told he was putting on bets on a regular basis for someone and they had a winning rate of 70% betting on horses.

All I can say is at least with greyhounds they don't have anyone on their backs.

No experience of betting but I'm told you can get barred from bookmakers.

My father was approached by an Irish tenor at a horse sale to bid for a horse for him. He bought the horse and the tenor gave him a hundred.

I think if your so successful that you get banned from the bookies then that is when you start to get other people to lay the bets for you. At least that's my understanding of it anyway.

Also let's not forget if most people didn't lose money at the bookies the bookies would quickly go broke. Much more common to see punters going broke. Heard an ex gaa player talking about his gambling addiction on the radio one day. It totally destroyed his life.

Buford T. Justice XIX

France and Germany drive last-ditch intervention surge



http://www.farmersjournal.ie/france-and-germany-drive-last-ditch-intervention-surge-310487

The EU’s two largest milk producers accounted for the bulk of the increase. France placed more than 900t into the scheme, a sudden increase after very low usage this year. Germany sold 738t of SMP into intervention.

So it's not the Irish driving intervention stocks higher but the ones giving out about the Irish increase in production, surprisingly.

Mooooo

Received 39.823 at 3.64p and 4.07bf. Fixed price pulling me back more than normal as supply back this year due to tb so a greater percentage in fixed. Scheme ending this month, I think, so will have nothing fixed then, didn't bother with second scheme

kowtow

Floki wrote:

My father was approached by an Irish tenor at a horse sale to bid for a horse for him. He bought the horse and the tenor gave him a hundred.

A hundred out of a tenor?

Born trader.

Farmer Ed

kowtow wrote: »

Floki wrote:

My father was approached by an Irish tenor at a horse sale to bid for a horse for him. He bought the horse and the tenor gave him a hundred.

A hundred out of a tenor?

Born trader.

Obviously just auto correct gone haywire I am pretty sure trainer was the missing word.

Floki

Farmer Ed wrote: »

Obviously just auto correct gone haywire I am pretty sure trainer was the missing word.

Nope. Tenor.

Farmer Ed

Floki wrote: »

Farmer Ed wrote: »

Obviously just auto correct gone haywire I am pretty sure trainer was the missing word.

Nope. Tenor.

Didn't know singers were in to houses?

Floki

Farmer Ed wrote: »

Didn't know singers were in to houses?

Now who's misusing the autocorrect.

There's plenty of singers in houses.

Farmer Ed

Floki wrote: »

Farmer Ed wrote: »

Didn't know singers were in to houses?

Now who's misusing the autocorrect.

There's plenty of singers in houses.

Ah you shouldn't be making fun of my Chinese phone

kowtow

Buford T. Justice V wrote: »

France and Germany drive last-ditch intervention surge



http://www.farmersjournal.ie/france-and-germany-drive-last-ditch-intervention-surge-310487

The EU’s two largest milk producers accounted for the bulk of the increase. France placed more than 900t into the scheme, a sudden increase after very low usage this year. Germany sold 738t of SMP into intervention.

So it's not the Irish driving intervention stocks higher but the ones giving out about the Irish increase in production, surprisingly.

They must be making more butter than usual.

That's what I hate about intervention (of any kind).. unintended distortions. For example, is the stock in intervention the cause of today's high butter price or (in part) the result? Surprisingly, it could be either.

I'd rather hear the market's signals first hand than through the echo chamber of intervention stores.

Gawddawggonnit

kowtow wrote: »

They must be making more butter than usual.

That's what I hate about intervention (of any kind).. unintended distortions. For example, is the stock in intervention the cause of today's high butter price or (in part) the result? Surprisingly, it could be either.

I'd rather hear the market's signals first hand than through the echo chamber of intervention stores.

+1.


Spot price €410/ton today...
US production +2% for Aug.
Cheap grains and soft dollar will open the taps.

whelan2

Is anyone signing up to the 5year " loyalty" schemes. I have asked a good few farmers and none of them are. The word from glanbia is they will be over subscribed.

mahoney_j

whelan2 wrote: »

Is anyone signing up to the 5year " loyalty" schemes. I have asked a good few farmers and none of them are. The word from glanbia is they will be over subscribed.

Hardly likely to say anything else are they ,trying to force lads hands that are still on the fence .im all for fixed price schemes but trying to
Link it to meal etc is a step too far ,especially when there's better value elsewhere ......

leg wax

they tell us how much we are getting for our product ,but i have seen no word on how much they want for theirs....:pac: