Milk Price III

wrangler

Gawddawggonnit wrote: »

I can only speak about French, Belgian and Dutch farms that I’ve been on Wrangler....and you’re misinformed.
Why would the Dutch go to such expense when they could just fire it over a ditch?

I know when Bord bia bring people to farms in Ireland, they'd bring them to better farms that I was on.
I'm not saying anymore

Farmer Ed

wrangler wrote: »

Gawddawggonnit wrote: »

I can only speak about French, Belgian and Dutch farms that I’ve been on Wrangler....and you’re misinformed.
Why would the Dutch go to such expense when they could just fire it over a ditch?

I know when Bord bia bring people to farms in Ireland, they'd bring them to better farms that I was on.
I'm not saying anymore

Let's hope the tireless work of our farm organizations will insure that Irish farmers will have a level playing pitch with other European farmers. I must be very unobservant as I didn't notice them making an issue about this? But you are 100% correct in your observations.
However while the laws of the EU can and are regularly broken, the laws of economics are not as flexible and trucking slurry across 3 countries I'd imagine would not be in compliance.

wrangler

Farmer Ed wrote: »

Let's hope the tireless work of our farm organizations will insure that Irish farmers will have a level playing pitch with other European farmers. I must be very unobservant as I didn't notice them making an issue about this? But you are 100% correct in your observations.
However while the laws of the EU can and are regularly broken, the laws of economics are not as flexible and trucking slurry across 3 countries I'd imagine would not be in compliance.

Apparently because we export so much of our produce, we have to be squeaky clean.....can't really argue with that.
Plenty of Irish farms not compliant too

whelan2

Glanbia shares currently at €13.49. That's the lowest in 12 months. I dont buy that it's due to brexiit, sure kerry shares are flying it? What's the reason?

Farmer Ed

wrangler wrote: »

Farmer Ed wrote: »

Let's hope the tireless work of our farm organizations will insure that Irish farmers will have a level playing pitch with other European farmers. I must be very unobservant as I didn't notice them making an issue about this? But you are 100% correct in your observations.
However while the laws of the EU can and are regularly broken, the laws of economics are not as flexible and trucking slurry across 3 countries I'd imagine would not be in compliance.

Apparently because we export so much of our produce, we have to be squeaky clean.....can't really argue with that.
Plenty of Irish farms not compliant too

Ah so the farm organizations don't have a problem with us being policed more than other farmers in the EU? Silly me for thinking otherwise.

jaymla627

whelan2 wrote: »

Glanbia shares currently at €13.49. That's the lowest in 12 months. I dont buy that it's due to brexiit, sure kerry shares are flying it? What's the reason?

The specialist nutrition market is probably getting saturated at this point, much like the supposed baby market powder boom, the money to be made has tanked, 340 odd million has been wiped of the value of the co-ops share-holding in the plc past 11 months since the spinout was passed, I wonder will it affect their financing plans going forward for new processing capacity given their asset base value is plummeting

Buford T. Justice XIX

whelan2 wrote: »

Glanbia shares currently at €13.49. That's the lowest in 12 months. I dont buy that it's due to brexiit, sure kerry shares are flying it? What's the reason?

Isn't there something about a big processing plant being built in the US being delayed for some reason?

wrangler

Farmer Ed wrote: »

Ah so the farm organizations don't have a problem with us being policed more than other farmers in the EU? Silly me for thinking otherwise.

Aren't they always on their case for too many inspections.......sure we're not being policed any way....loads of slurry being spread.
Maybe the guys elected onto the commitees are like me.......I never found cross compliance too onerous

Farmer Ed

wrangler wrote: »

Farmer Ed wrote: »

Ah so the farm organizations don't have a problem with us being policed more than other farmers in the EU? Silly me for thinking otherwise.

Aren't they always on their case for too many inspections.......sure we're not being policed any way....loads of slurry being spread.
Maybe the guys elected onto the commitees are like me.......I never found cross compliance too onerous

Its actually not illegal to spread soiled water at any time so maybe a loophole?

whelan2

Glanbia stay the same at 35cpl. Also 1.1cpl bonus on supplies from July to December

boggerman1

whelan2 wrote: »

Glanbia stay the same at 35cpl. Also 1.1cpl bonus on supplies from July to December

Wonder will centenary co-op give us all of that bonus this time round.there was uproar over the one in June when the initially wanted to keep it all for themselves to prop up future price drops.they had to relent and pay out 75% of it after much non committee member anger at this move at the time.

wats the craic

whelan2 wrote: »

Glanbia stay the same at 35cpl. Also 1.1cpl bonus on supplies from July to December

strathroy spring price is 34 plus 1 cent winter bonus plus .5 cent quailty bonus plus vat . its a bit long winded but works out at 37.417 cent a litre . winter contract is the same except the winter bonus is 7 cent a litre instead of 1 cent . which works out at 43.741 cent a litre

Mooooo

wats the craic wrote: »

strathroy spring price is 34 plus 1 cent winter bonus plus .5 cent quailty bonus plus vat . its a bit long winded but works out at 37.417 cent a litre . winter contract is the same except the winter bonus is 7 cent a litre instead of 1 cent . which works out at 43.741 cent a litre

Are the bonuses added pre or post solids adjustment?

wats the craic

Mooooo wrote: »

Are the bonuses added pre or post solids adjustment?

as far as i know pre solids adjustments

Mooooo

Dairygold held

whelan2

Good news http://www.agriland.ie/farming-news/gdt-continues-early-upward-trend-for-2018/

whelan2

Anyone go to their local Glanbia meeting yet? How did it go?

George Sunsnow

Glad I’ve nothing fixed
Would be losing 10’s of 1000’s

Note too Strathroy winter bonus is as good as a Glanbia liquid contract but you can send in as much as you want at that price

jaymla627

George Sunsnow wrote: »

Glad I’ve nothing fixed
Would be losing 10’s of 1000’s

Note too Strathroy winter bonus is as good as a Glanbia liquid contract but you can send in as much as you want at that price

I'd be waitin till the spring flush of milk comes before counting my chickens, the world is literally awash with milk bar a small drop of in New Zealand down to a drought

Buford T. Justice XIX

Looks like Kerry's joining forces with Beingmate might have come at a bad time. Fonterras venture with them seems to be in trouble, bad, bad trouble.

https://www.newsroom.co.nz/2018/01/27/78078/beingmate-goes-from-bad-to-worse-for-fonterra?platform=hootsuite

einn32

Buford T. Justice V wrote: »

Looks like Kerry's joining forces with Beingmate might have come at a bad time. Fonterras venture with them seems to be in trouble, bad, bad trouble.

https://www.newsroom.co.nz/2018/01/27/78078/beingmate-goes-from-bad-to-worse-for-fonterra?platform=hootsuite

They are gone sour with Bega in Australia too. Not sure what is up with Fonterra.

jaymla627

einn32 wrote: »

They are gone sour with Bega in Australia too. Not sure what is up with Fonterra.

They got lead up the garden path with the Chinese, they where basically played, the baby formula section they invested in is now been asset stripped by the parent company and fonterra cant do a whole lot about it, brilliant example of why Irish dairy companies shouldn't go jumping into bed with them

Buford T. Justice XIX

Mod note: I've moved the fixed price contract discussion into its own thread.

https://www.boards.ie/vbulletin/showthread.php?t=2057837779

Buford T. Justice

alps

Unlike the sell off in global indices currently, butter futures had a positive day yesterday with further positive trades being confirmed this morning, won't be at all surprised if this positivity is mirrored in today's GDT event.

Copied.....from tweet...

mahoney_j

alps wrote: »

Unlike the sell off in global indices currently, butter futures had a positive day yesterday with further positive trades being confirmed this morning, won't be at all surprised if this positivity is mirrored in today's GDT event.

Copied.....from tweet...

Arrabawn ceo mentioned above at our area meeting last night ,he then went on to talk down milk price and put a 29/30 cent per liter figure on it for this year .......and hoped it wouldn’t be less

Buford T. Justice XIX

GDT up 5.9%

Butter up 7.9%

Skim up 7.2%

WMP up 7.6%

AMF uo 0.5%

Cheddar up 7.2%

All classes up, must have been a lot of AMF for sale as it dragged down the price.

George Sunsnow

Glanbia have shifted the A+B-C pricing to give a bigger weighting to butter versus protein
Reviewing again in 3 years

darragh_haven

Buford T. Justice V wrote: »

GDT up 5.9%

Butter up 7.9%

Skim up 7.2%

WMP up 7.6%

AMF uo 0.5%

Cheddar up 7.2%

All classes up, must have been a lot of AMF for sale as it dragged down the price.

But isn't everyone saying that we shouldn't be tracking GDT (when it is falling) as it bears no correlation to Irish mink price.

Mooooo

darragh_haven wrote: »

But isn't everyone saying that we shouldn't be tracking GDT (when it is falling) as it bears no correlation to Irish mink price.

Well if coops can point to it when trying to pull prices it can be pointed to when rising too

Farmer Ed

George Sunsnow wrote: »

Glanbia have shifted the A+B-C pricing to give a bigger weighting to butter versus protein
Reviewing again in 3 years

And about time too. If A+B-C is to be taken seriously it should be constantly adjusting to reflect market returns.