Combinables Price Tracker

[SilliamWhale]

Well, after that brief bit of technical excitement and profit taking, were on our way back up.

The fundamentals appear not to have changed. ie we are not awash with grain, its not cheap to produce and cashflowing it for the future needs some motivation.

I don't think its going to be a vintage European harvest either

£400 wouldn't be outrageous

 

[super major minor]

The fundamentals appear not to have changed. ie we are not awash with grain, its not cheap to produce and cashflowing it for the future needs some motivation.

I don't think its going to be a vintage European harvest either

£400 wouldn't be outrageous

Who is going to buy it? Livestock lot will not be able to pay that much even if they are still in business

 

[thorpe]

The fundamentals appear not to have changed. ie we are not awash with grain, its not cheap to produce and cashflowing it for the future needs some motivation.

I don't think its going to be a vintage European harvest either

£400 wouldn't be outrageous

we may well need £400 BUT THE LIVESTOCK SECTOR ALSO NEEDS A RESET!

 

[Vader]

Who is going to buy it? Livestock lot will not be able to pay that much even if they are still in business

Might be cheap stores for a chsnge...

 

[thorpe]

Might be cheap stores for a chsnge...

if there cheap there wont be any next year!

 

[Pigless]

we may well need £400 BUT THE LIVESTOCK SECTOR ALSO NEEDS A RESET!

Saw a dairy rep today, he said his customers are happy and many are on contracts that say 60p for the autumn, 125% of main price?

 

[Beef farmer]

Saw a dairy rep today, he said his customers are happy and many are on contracts that say 60p for the autumn, 125% of main price?

Did he really? Love to see this contract. I wouldn't be spending 60p just yet. May is 38p

 

[Salopian_Will]

Feed price is starting to bite on broilers with only a very small increase in deadweight price. It is going to make our pips squeak.

 

[bobk]

Notice very few eggs in Tesco tonight .

 

[Baling Hay]

All it takes is a change to biofuel mandates and the whole thing will come crashing down. Remember over half US corn is used for ethanol.....plus feed wheat is now at a record premium over corn worldwide. Expect huge feed wheat substitution happening at these levels.

 

[Fendt820]

Saw a dairy rep today, he said his customers are happy and many are on contracts that say 60p for the autumn, 125% of main price?

Think he Might be lying to you

 

[Pigless]

Think he Might be lying to you

Bit of exaceration possibly

 

[Fendt820]

Bit of exaceration possibly

Trying to get someone to sign a cake contact for £450 a ton (it will be fine milk will be 60p)

 

[Clive]

All it takes is a change to biofuel mandates and the whole thing will come crashing down. Remember over half US corn is used for ethanol.....plus feed wheat is now at a record premium over corn worldwide. Expect huge feed wheat substitution happening at these levels.

because oil is cheap and available right now

 

[Clive]

Well, after that brief bit of technical excitement and profit taking, were on our way back up.

obvs.

 

[Clive]

Who is going to buy it? Livestock lot will not be able to pay that much even if they are still in business

i guarantee people will not stop eating !

supply / demand will ultimately push livestock prices up

 

[Baling Hay]

because oil is cheap and available right now

Not cheap but has potential to make food much cheaper if biofuel mandates reduced. Hence why germany proposed reducing mandates from 4.4% to 2.4% last week and OSR fell 60 euros on the news.........

This thread has strong recurring theme of confirmation bias going on, wheat is undoubtedly bullish with what is going on...but how much of this has been priced in by the market by wheat going up £150 in a few months?

 

[Zippy768]

i guarantee people will not stop eating !

supply / demand will ultimately push livestock prices up

It'll have to move up quick or else there will be a shortage.
We are now not buying animals in. Nothing is random, if we aren't you can be sure others aren't either

 

[thorpe]

All it takes is a change to biofuel mandates and the whole thing will come crashing down. Remember over half US corn is used for ethanol.....plus feed wheat is now at a record premium over corn worldwide. Expect huge feed wheat substitution happening at these levels.

what with?

 

[lloyd]

Chicken and pork have been far too cheap for too long. In
reality it's only a price readjustment that was long overdue.