Background
information
Sheep producers use a range of methods to sell sheep and lambs. These include:
Auction sales: stock are sold by open cry auction on either a dollars per head basis or, if stock are weighed, on a cents/kg liveweight basis. Ownership is transferred at point of sale.
Paddock sales: buyers inspect stock on the property with price negotiated on a dollars per head basis and ownership transferred at the farm gate.
Over-the-hooks: price is negotiated on a cents/kg carcase weight basis with ownership usually transferred at the point of slaughter.
Forward price contracts: can be either liveweight or carcase weight. Use a negotiated forward price contract to sell direct to processors.
Electronic: on-line, web based “sale by description” for a range of livestock, such as AuctionsPlus.
Tool 3.8 provides a more detailed description of the selling options for sheep and lambs.
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