LSL to charge for the App

At least if the ole codgers go to the mart they might leave some few small Bob in the canteen ,what benefit is it lsl or the mart having codgers watching online only putting strain on the live stream

You think any of the 3 couldn't be replaced or expand if one left?

go to the agm if your a shareholder most marts are in very sound financial footing and increase cash in bank every year how many dealers are selling cattle in marts now very few I’d say

I think online is great too for both buyers and sellers but lsl just seen more money for them and didn’t weigh up the negatives enough

They still have some msg on the screen for money ball bust game over re the charge

Do you have to pay on LSL to go back on sales. Most of the marts in the east are on marteye except carnew so it works and suits me perfect. I love watching some of the big sales in the UK on it. Carsile was on today selling sheep and they were flying through lots. I often watch LSL in Carnew but the new fees will probably stop me now.

We are registered to bid in five marts with LSL. I also pay for the "premium" which allows us to look back on any ring on any date from those marts. I'm prepared to pay a subscription because it allows us to view online sales in those marts. We don't have time to spend or travel to most of them as were sorta busy most of the time. We buy calves, cattle and cull cows online and collect the animals ourselves. IMO LSL is the best of the three online mart services. We are registered with Marteye in two other marts.

I think, as others have posted previously LSL shot themselves in the foot. It's unfortunate but I think they will overcome it and move on.

If LSL went in the morning there would be some other company would start up to take over the business, this is not a huge thing for to be run now that marts have a customer base buying on line and have less sellers standing around in a mart all day.

I reckon LSL will remain the premium online provider as they provide the best service - just my opinion.

You would not want to be selling cattle in a mart that has poor reserves. Most dealers will have credit facilities in a mart. 2 million is about 2500 average @800/ animal accross maybe cull cows, bulls, calves weanlings, stores and finishing stock. I suspect that some marts have reserves of 10 million to carry the trade they have.

Over how .any mart days and how many rings. What is the a tragedy mart day lengh public and employer liability is probably anything from 20-100k maybe even higher.

Accross 50 weeks it's 4k/week. It averages 40k/ week. I am involved in a management company at a holiday home site. 100+ houses @ 2k/ house. By the time everything is paid there is nothing left over. There is very little volunteering. Most employees in a mart are doing 10-12 hour days on average accross the year. Is a good mart manager costing 50-100k in wages, pension and other costs ( maybe more if he is supplied with a car). Every mart day there is 3-4 in a mart office at say 200/day minimum by tge time you pay holiday, bank holiday employer prsi eitc that is 10k per employee per year per mart day per week

Auctioneers are probably 3-500 per mart day and are usually subcontractors. It probably costs 7-10k a day for a fairly busy one ring mart to open for a day.

They Probably have at least 2-3 fulltime staff with the mart manager. Another 09-25 on mart days.

It's probably costing them 1.2 million in mart day costs before you even allow for insurance and bank fees and interest. They are probably working on a net margin of 10ish% which is not outlandish on a scale like that

Never felt that you got as good a deal if you were not there to represent your stock.

I’ve seen one or two marts around the country come out and say there will be no change to view or bid with lsl at their mart. Is the mart paying the fee in this case or how is it working. I really only say this payment for lsl mentioned elsewhere in the last few days.

I think that’s both unfair and inaccurate in our experience. Most farmers have busy off farm jobs and a load of other things going on and don’t have time to hang around marts multiple weekends or attend midweek marts with work commitments.

As for getting more sitting in the box I see no really correlation - we sometimes stay at the mart, sometimes drop off in the morning and follow online getting other stuff done and I can’t say we see any impact on animal prices we also like the option to think on a price which you get when selling subject while you wait for the call. We find online bidders great to drive up a price too as the dealers can’t get their way as much.

Time is one the most important things on farms with labour in short supply, if your selling calves in the spring you standing in the box is not going to effect the price they make it’s a buyers market, the last store cattle we sold made 150 a head more than what we hoped to get and that was watching the trade on line to determine prices and left us at home to get silage done, most farmers know what happens in their local mart and avoid the marts that might be messing.

Was taking a look at which marts have moved today. Will more marts move provider do you think.

I would know a mart manager that moved from LSL. Spoke to him today,He wasn't impressed with LSL support in the last year and said this was the perfect opportunity to move. Supposably there's some big buyers that wont buy on LSL, he wouldn't tell me who

But he went home that evening and looked at the sheet and said WTF did I do. That is probably a weeks profit or more gone unless he can find a patsy to offload them to. Brother used to pick up a few weanling for me before LSL. Mostly black LM's. There was one buyers that used to buy a lot of them and my brother just said he was interested in a few. The dealer got indignant explaining it was an open market. So my brother drove the first few by 70 euro, the next few by 50-60 and the last of them by 30 over the normal mart prices. The dealer bought the 15-20 of them. The following week he approached my brother and asked him what lots he was interested in.

@grass10 highlighted the cull cow part of the sale, they come in as singles and are generally shared, the heavy fat cows are shared out between 3-4 buyers at really large marts and 1-2 at smaller marts unless there is an online factory buyer. The rest then are shared between certain buyers that opt for certain cow type depending on weight, age and quality

It's an eye opener to be in the sellers box watching the auctioneer having to continuously focus back and forth between the screen and the lads around the ring. It must be mentally draining.