Economics

Budgeting

Sheep and goat prices

Feed prices

Statistics

Marketing

Click on the toggles below to see  summaries from sales of Cornell sheep at regional markets

New Holland example sale 1 December 2008

1 December 2008
Cornell Sheep Farm Finn x Dorset ewe lambs

  • Birthdates in March and April 2008
  • 85 to 123 pounds, SD = 8 pounds
  • Price range of 5 groups purchased by 3 buyers: $1.48 to $1.56 per pound

This group of 60 lambs was pooled with lambs from two other farmers to reduce the cost of trucking. Prices happened to be higher on this particular auction day; probably due to upcoming ethnic holidays.

Farm weight, pounds
6125
Number of lambs
60
Average farm weight, pounds
102
New Holland sale weight, pounds
5545
Shrink
9.5%
Gross sale
$8,432
Sale price per pound
$1.52
Feed for 1 day
$30.00
Lamb checkoff
$27.74
Commission
$300.00
Commission per lamb
$5.00
Check
$8,074.26
Trucking ($4/lamb)
$240.00
Net sale
$7,834.26
Net sale per lamb
$130.57
Net sale per farm pound
$1.28
Hackettstown Livestock Auction example 17 November 2009

17 November 2009 Hackettstown Livestock Auction
Cornell Sheep Farm Finn x Dorset and Dorset ram lambs
Many were older rams which might have had off-flavors in the fall of the year. We sold them at this time and location for a possible premium for the Muslim Festival of Sacrifice 27 Novemer through 1 December 2009.

  • Birthdates from January through June 2009
  • 95 to 164 pounds, SD = 17 pounds
  • Price range from $1.11 to $1.47 per pound
Farm weight, pounds
7316
Number of lambs
63
Average farm weight, pounds
116
Hacketstown sale weight, pounds
6592
Shrink
9.9%
Gross sale
$8,499
Sale price per pound
$1.29
Hacketstown membership
$25
Yardage
$15.00
Lamb checkoff
$32.96
Commission (10% of gross)
$849.94
Commission per lamb
$13.49
Total sale expenses
$922.90
Net sale at Hacketstown
$7,576.46
Net sale per farm lb at Hacketstown
$1.04
Trucking ($4/lamb)
$252.00
Net sale
$7,324.46
Net sale per lamb
$116.26
Net sale per farm pound
$1.00
New Holland example sale 1 December 4 January 2010

4 January 2010 New Holland Sales Stables
Cornell Sheep Farm Finn x Dorset lambs

  • Birthdates from March to November 2009
  • 48 ewes and 49 rams
  • 69 (for November lambs) to 117 pounds (for March lambs)
  • Price range of 6 groups purchased by 2 buyers: $1.35 to $1.48 per pound
Farm weight, pounds
7700
Number of lambs
77
Average farm weight, pounds
100
New Holland sale weight, pounds
6955
Shrink
9.7%
Gross sale
$9,522
Sale price per pound
$1.37
Feed for 1 day
$38.50
Lamb checkoff
$34.79
Commission
$385.00
Commission per lamb
$5.00
Check
$9,063.41
Trucking ($4/lamb)
$240.00
Net sale
$8,823.41
Net sale per lamb
$114.59
Net sale per farm pound
$1.15
New Holland example sale 14 March 2011

14 March 2011 New Holland Sales Stables
Cornell Sheep Farm Dorset and Finn x Dorset lambs

  • Birthdates from May to November 2010
  • 45 ewes and 73 rams
  • 77 (for a ewe born on 21 November 2010) to 172 pounds (for a ram born on 12 August 2010)
  • Average weight: 115 pounds (SD = 22.2 lb)
  • Median weight: 110 pounds
  • Price range of 12 groups purchased by 9 buyers: $2.22 to $2.74 per pound
Farm weight, pounds
13,612
Number of lambs
118
Average farm weight, pounds
115
New Holland sale weight, pounds
12,775
Shrink
6.1%
Gross sale
$30,527
Sale price per pound
$2.39
Feed for 1 day
$59.00
Lamb checkoff
$63.91
Commission
$590.00
Commission per lamb
$5.00
Check
$29,814.49
Trucking (53% of $750 – shared with cattle)
$400.13
Trucking per lamb
$3.39
Net sale
$29,414.36
Net sale per lamb
$249.27
Net sale per farm pound
$2.16
New Holland example sale 18 December 2011

18 December 2011 New Holland Sales Stables
Cornell Sheep Farm Dorset and Finn x Dorset lambs

  • Note that this was a variable group of lambs with some poor doers.
  • One lamb died on the truck on the way to market; it is included in the 108 sold so the average price is reduced accordingly.
  • Birthdates from June to early September 2011
  • 62 ewes and 46 rams
  • 35 (for a ewe born on 7 September 2011) to 156 pounds (for a ram born on 8 June 2011)
  • Average weight: 90 pounds (SD = 23.9 lb)
  • Median weight: 94 pounds
  • Price range of 13 groups purchased by 7 buyers: $1.52 to $2.95 per pound
Farm weight, pounds 9,753
Number of lambs 108
Average farm weight, pounds 90
New Holland sale weight, pounds 8,705
Shrink 10.7%
Gross sale $15,815
Sale price per pound $1.82
Feed for 1 day $53.50
Lamb checkoff $43.57
Commission $535.00
Commission per lamb $4.95
Check $15,183.13
Trucking $750.00
Trucking per lamb $6.94
Net sale $14,433.13
Net sale per lamb $133.64
Net sale per farm pound $1.48
Marketing cost per farm pound $0.34

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Books

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Wool

Michael L. Thonney, Professor
Director, Cornell Sheep Program and Graduate Field of Animal Science
114 Morrison Hall
Cornell University
Ithaca, NY 14853-4801
mlt2@cornell.edu
607-592-2541

Dan L. Brown, Associate Professor
Nutritional Toxicologist
320 Morrison Hall
Cornell University
Ithaca, NY 14853-4801
607-255-4027
dlb20@cornell.edu

tatiana L. Stanton, Extension Associate
Goat Specialist
114 Morrison Hall
Cornell University
Ithaca, NY 14853-4801
tls7@cornell.edu 
607-254-6024

Niko Kochendoerfer, Graduate Assistant
110 Morrison Hall
Cornell University
Ithaca, NY 14853-4801
nk584@cornell.edu


Major revision: October 2015
Please contact Mike Thonney at mlt2@cornell.edu if you can't find something from the previous version.
Copyright © 2015 Michael L. Thonney

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