Queensland producers opting to grain feed lambs should ‘lock in grain supplies and set up forward contracts’ to minimise risk and increase returns, according to a sheep and wool adviser, Geoff Duddy.
He said high store lamb prices had made feedlotting ‘reasonably risky’ but there were margins for producers who did their planning and preparation.
The private consultant, who has more than 25 years’ industry experience, urged producers to consider store and trade lamb prices, as well as seasonal conditions, access to grain and prices, and distance to market before feedlotting.
He said step one for those breeders intent on grain-feeding was exposing lambs to feed and feeding equipment before they were weaned.
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