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Table 3 The economic benefit (profit margin) calculated based on feed consumption, liveweight gain and carcass weight (estimated and real) of maternal composite (Composite) lambs and Merino yearlings (hogget) fed camelina hay (CAMH), camelina meal (CAMM) supplemented pellet diet or control pellet diet (CONT) for all animals up to slaughter1

From: An alternative approach for sustainable sheep meat production: implications for food security

Items

Composite lambs

Merino yearlings (hogget)

SED

P-value

 

CONT

CAMH

CAMM

CONT

CAMH

CAMM

Diet × Breed

Diet

Breed

D × B

Daily feed intake, kg

2.18

2.15

2.19

2.02

2.06

2.04

0.05

0.85

0.001

0.51

Total feed intake, kg

137.5

135.3

138.4

127.0

129.8

128.7

3.39

0.85

0.001

0.51

Feed price, AUD $/ kg

0.18

0.19

0.21

0.18

0.19

0.21

NA

NA

NA

NA

Total feed price, AUD $

24.75

25.65

29.00

22.85

24.65

27.00

0.66

0.001

0.001

0.51

Method 12

 Estimated carcass weight initial, kg

15.8

16.1

15.8

18.4

18.0

18.4

0.23

0.79

0.001

0.07

 Estimated carcass value initial, AUD $

88.50

90.40

88.35

68.15

62.50

67.55

2.01

0.43

0.001

0.04

 Real carcass weight at slaughter, kg

23.9

25.3

25.2

23.3

23.7

23.3

0.43

0.03

0.001

0.12

 Real carcass value at slaughter, AUD $

134.2b

141.6c

141.1c

86.0a

82.6a

85.8a

2.75

0.25

0.001

0.04

 Carcass value difference (real minus estimated), AUD $

45.65

51.10

52.70

17.80

20.05

18.30

2.00

0.02

0.001

0.11

 Profit 1 (Carcass value difference - total feed price), approximate AUD $

20.90

25.50

23.65

−5.00

−4.60

−8.70

2.05

0.15

0.001

0.11

Method 23

 Estimated carcass weight pre-summer, kg

15.8

16.1

15.8

18.4

18.0

18.4

0.23

0.79

0.001

0.07

 Estimated carcass value pre-summer, AUD $

85.50

87.40

85.40

61.90

59.50

60.75

1.29

0.79

0.001

0.10

 Real carcass weight post-summer, kg

23.9

25.3

25.2

23.3

23.7

23.3

0.43

0.03

0.001

0.12

 Real carcass value post-summer, AUD $

151.90b

160.30c

159.70c

90.20a

89.50a

90.00a

2.36

0.05

0.001

0.03

 Carcass value difference (pre-summer minus post-summer), AUD $

66.40

72.90

74.35

28.30

29.95

29.30

2.38

0.03

0.001

0.13

 Profit 2 (Carcass value difference - total feed price), approximate AUD $

41.65

47.25

45.30

5.50

5.30

2.25

2.44

0.28

0.001

0.13

  1. 1Values were the average of all 80 Composite lambs and 80 Merino yearlings used in this study, calculated on pen (n = 20) basis with each pen had 8 Composites (n = 8) and 8 Merinos (n = 8), respectively. Values within a row followed by different letters are significantly different at P = 0.05.
  2. SED Standard error of difference. D × B Interaction of diet by breed, NA Not applicable
  3. 2Method 1: Profit calculated using 5-year Victorian state average price per kg carcass (AUD $/ kg carcass) for each carcass classifications and carcass weight ranges
  4. 3Method 2: Profit margin calculated using 3-year average price per kg carcass received pre-summer and post-summer (AUD $/ kg carcass) for each carcass classifications and carcass weight ranges