Making More from Sheep Australian Wool Innovation Limited Meat & Livestock Australia
MODULE 3: Market Focused Lamb and Sheepmeat Production
Procedure 3.4
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Background
information

Enterprise management and marketing skills are important to better manage price risk and protect the profit margin of lamb enterprises.

Develop marketing skills that enable sound enterprise planning and business relationships to be established through marketing alliances with processors. Develop the knowledge and skills required to negotiate forward contracts and use risk management tools to better manage market volatility.

At a Glance
Monitor a range of marketing news, reports and forecasts.

pt Use market intelligence to implement a continuous improvement program.

pt Participate in credible learning programs.
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Key decisions, critical actions and benchmarks

Ongoing production and market surveillance is necessary to position the lamb enterprise for the present and future.

Aim to build business and enterprise management skills as part of the whole farm business plan.

Invest time and financial resources in regular market reports: attend information field days, seminars and courses.

Identify reliable sources of market information that suit the nature and structure of your sheepmeat enterprise and farming business.

Undertake training

Adopt a continuous learning approach to develop lamb and sheepmeat production and marketing skills by undertaking accredited training courses such as those provided by MLA’s EDGEnetwork® and NSW Department of Primary Industries’ PROfarm short courses.

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    Attend

    The MLA EDGEnetwork® program is coordinated nationally and has a range of courses to assist sheep producers. Contact can be made via:

    PROfarm is the training program developed by NSW DPI to meet the needs of farmers, primary industries, agribusiness and the community. NSW DPI PROfarm short courses are available by contacting:

    The PROfarm course most relevant to this procedure is: Lamb Assessment and Marketing – learn how to assess your lambs and understand markets and their specifications.

    View

    MLA Meat and Livestock Weekly: a weekly guide to livestock sales nationally and events at retail and foodservice in key international markets. Free to MLA members online and via email subscription. Visit: www.mla.com.au/Meatandlivestockweekly

    MLA web pages: statistics and updates on activities in major international markets for lamb, particularly Japan, Korea and USA. Visit: www.mla.com.au/RedMeatMarkets

    National Livestock Reporting Service (NLRS): weekly livestock markets are reported on the day of sale nationally for major sales. Follow links on the right of the page at: http://www.mla.com.au/nlrs

    AuctionsPlus: an electronic livestock selling system that allows reserve price setting and legal change of ownership without the seller, buyer or product having to come together physically at the time of sale. The website also provides weekly commentary on livestock sales including quotations for all livestock classes. Visit: http://www.auctionsplus.com.au/

    A full summary of MLA yearly market publications can be found at: http://www.mla.com.au/publications

      MLA events program for sheep producers, including:

      Commonly used terms in this module

      Supply chain  

      Term to describe the business units involved in getting lamb and sheep meat to the consumer

      GR Measurement

      Tissue depth (mm) over the 12th rib, used to estimate fatness

      Fat score

      Varies from 1 (lean) to 5 (very fat) and is a 5mm grouping of GR

      MLA

      Meat & Livestock Australia

      MSA

      Meat Standards Australia, a section of MLA

      Sheep CRC

      Australian Sheep Industry Cooperative Research Centre

      Glycogen

      Muscle sugar

      pH

      A measure of acidity and alkalinity

      NLRS

      National Livestock Reporting Service

      AUSMEAT

      The Australian company responsible for establishing and maintaining  National Meat Industry standards


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