How to Profit from Your LIvestock

Statistics shows that majority of sheep owners sell their livestock through sale barns or public auction markets. The same goes for goats that are nearly sold in public auctions, though a considerable number of goats are slaughtered on-farm.

Selling through stockyard, sale barn, or public auction is an easy and convent way to make profits from your goats or sheep. In the majority of cases, it yields regular earnings weekly. You get increased sales especially during religious holidays when there is a high requirement for goats and sheep. Another advantage of selling through public auction is that you buy the repayments in an instant. You likewise get protection from the Packers and Stockyards law.

To get the most profits out of marketing your sheep or goats at a stockyard or public auction, here are the rules of thumb you should bear in mind:

• When breeding meat goats, consider getting colored goats because buyers prefer them over white goats.

• Sell your goats or sheep when the reported prices are low. It is because at the next sale, the costs may increase and fewer farm animals will be sold.

• Build a healthy standing as a seller. Figure out what buyers are searching for in sheep and goats. Get feedback from your clients, too, so that you know what to offer them next time.

• When selling sheep or goats, think about the major religious holidays. Muslim holidays such as the Eid ul-Fidr (Festival of Fast-Breaking) and Eid ul-Adha (Festival of Sacrifice) are the ideal time to trade sheep and goats in public auctions. What is more, when you aim for a particular holiday, place your sheep or goats in the market place at least one week in advance.

• Keep yourself kept up to date on market incidents, but do not trust in them heavily. Although they’re a good indicator of market trends, market incidents are not 100 percent accurate and objective.

• Make certain the hocks or bottom of your sheep or goats are kept clean before selling them at public auctions. Buyers will never purchase any animal that looks dirty.

• Avoid placing your sheep or goats at the last minutes since they’re likely to be promoted at lower prices, especially when it is near the end of the sale.

• Goats and sheep that are not too fat or thin can be sheared so that they will look safer to the buyers.

• Ethnic buyers prefer non-neutered male sheep or goats since they grow quick. Therefore, avoid castrating your animals if you are planning to market them at public auctions.

• After you drop off your sheep and goats at the stockyard, keep an eye on them to ensure they’re fed sufficiently and are put in a clean and large area. That way, you can rest assured that you will make sales and profits from your animals.

Follow these tips when marketing your sheep and goats in public livestock auctions, and you will be guaranteed consistent sales and large profits in the long run.

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