I was thinking the same got a few to go might wait a week
Beef / Lamb & Pig Price Tracker
- Thread starter TFF
- Start date
- Location
- West Wales
You would certainly know better than me on this Frank but I did read the LAA t&c’s after it happened and I’m sure it said that the seller owns the animal until the hammer goes down. The auctioneer owns the animal from when the hammer goes down until that animal has been paid for. Buyer owns the animal once it has been paid for in full. Hence why some have to go collecting not only the debts their owed but the animal’s themselves.
lloyd
Member
- Location
- Herefordshire
£2.45-£2.55 Kilo LW.
- Location
- East Sussex
I believe what you say is correct, however the important part is that once the hammer falls it is the buyers property.
Yes if the buyer defaults then the auctioneer is liable to pay the vendor and so yes the property belongs to the auction house.
However all terms of sale are payment on the day or before the property leaves the sale room or premises. If an auction house allows credit then it is at their risk surely.
lloyd
Member
- Location
- Herefordshire
If it did just drop a little tomorrow it might just drop the stores a bit tomorrow
Wasn't the grass growing with you today?
livestock 1
Member
What’s your reason for this drop?
Im not hearing any potential drop
Im not hearing any potential drop
- Location
- Cheshire
Ive been told too expect a drop in Monday but trade will bounce back mid week and back up as before by end of week
livestock 1
Member
Any crack about what the reason is?
- Location
- Cheshire
He reckons the slaughterhouses will try and drag the price back, while the strong price pulls in big numbers, lower price - drop in numbers coming forward. Shortage again, price will rise. He thinks they will do it a couple of times before the trade settles for the spring.
Stw88
Member
- Location
- Northumberland
Just be like what happend in the summer when the price stayed high. Was a few Mondays at Carlisle where things were sticky for the secondary sorts then trade bounced back stronger by the Thursday. A drover at long town did say that a buyer has said they would be less this week.
Farmerbuti
Member
Hope its not to much of a drop got a gang going in the morning
stated on auctioneers terms although have not got it in front of me at mo. "Goods remain in the auctioneers ownership/title?until paid for" how does that sit then??
livestock 1
Member
Yes ABP was doing this it was obvious with their small drops and subsequent large hikes when they were short
livestock 1
Member
Which drover is this?
livestock 1
Member
Won’t be much I wouldn’t have thought
- Location
- Montgomeryshire
That means that if the buyers don’t pay, and the auctioneers get left holding the can, they will try to lift the vendor’s leg by withholding payment?
I’d be kicking up a stink.
- Location
- West Kent
I had one deducted sold at Ashford 2 years ago.
Condemned lamb comeback
I received the cheque from market yesterday and they have knocked off one lamb saying it has been condemned at slaughter. Is there anything I can do or is it just one of those things? There was me thinking that goods sold at auction were sold as seen. All of my lambs sold that day were...
thefarmingforum.co.uk
No they pay but can retrieve goods off buyer if not paid for.terms and conditions of sale. I always pay on day
Marts don’t ask me to judge. I’m known as the tightest man from down south. I know what I want to pay and won’t go over. No point in asking me to judge and expect me to buy £200 ewe lambs when the budget is £75.