Guide to Selling Livestock In Auctions
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 publicly 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 most cases, it yields regular earnings weekly. You get increased sales specially during religious holidays when there is a high necessity for goats and sheep. Another benefit of selling through public auction is that you get the instalments in an instant. You also 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 must take into account:
• 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. The reason is at the next sale, the prices may increase and fewer farm animals will be sold.
• Build a good reputation as a vendor. Figure out what buyers are looking for in sheep and goats. Get feedback from your customers, 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 sell sheep and goats publicly auctions. Furthermore, when you aim for a particular holiday, place your sheep or goats in the market with just one week in advance.
• Keep yourself kept up to date on market incidents, but do not trust in them heavily. Although they are an excellent signal of market trends, market incidents are not 100 percent accurate and objective.
• Ensure the hocks or buttocks 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 because they are more likely promoted at lower prices, specially 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 easier to the purchases.
• Ethnic buyers prefer non-neutered male sheep or goats since they grow quick. Thus, avoid castrating your animals if you are intending to market them at public auctions.
• After you drop off your sheep and goats at the stockyard, monitor them to make certain they are fed sufficiently and are placed 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 publicly livestock auctions, and you may be guaranteed consistent sales and large profits ultimately.
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