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Beef / Lamb & Pig Price Tracker
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<blockquote data-quote="gone up the hill" data-source="post: 3495072" data-attributes="member: 1048"><p>How the hell can a store lamb fhinsher forward sell unless he/ she knows the cost of their main ingredient aka the store lamb at the time when they forward sell their fat lambs??</p><p></p><p>If you would forward sell me 200 store lambs in Sept that are 35/38 kilos liveweight, R grade or better and will set the price at £50 head then I could forward sell them as fat lambs now! but you wouldn't as these lambs might be worth £60 come sept and that is the problem! </p><p></p><p>Trouble is you wouldn't as a store producer do that so there is no way in hell I can forward sell my lambs because I could set the price of the fat lambs at £70 head but to fulfil these sales I would have to pay £65 a lamb..</p><p></p><p> ( and this is what happened to arable farmers in 2012 who forward sold their wheat etc at say £110t only to harvest 1/3rd of their 5 year average and then had to buy in spec wheat at £160t to cover what they had forward sold at a great loss )</p></blockquote><p></p>
[QUOTE="gone up the hill, post: 3495072, member: 1048"] How the hell can a store lamb fhinsher forward sell unless he/ she knows the cost of their main ingredient aka the store lamb at the time when they forward sell their fat lambs?? If you would forward sell me 200 store lambs in Sept that are 35/38 kilos liveweight, R grade or better and will set the price at £50 head then I could forward sell them as fat lambs now! but you wouldn't as these lambs might be worth £60 come sept and that is the problem! Trouble is you wouldn't as a store producer do that so there is no way in hell I can forward sell my lambs because I could set the price of the fat lambs at £70 head but to fulfil these sales I would have to pay £65 a lamb.. ( and this is what happened to arable farmers in 2012 who forward sold their wheat etc at say £110t only to harvest 1/3rd of their 5 year average and then had to buy in spec wheat at £160t to cover what they had forward sold at a great loss ) [/QUOTE]
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