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Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University

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Page 1: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb carcass value calculator

Chris SmithGraham Gardner

Agbiz Solutions, & Murdoch University

Page 2: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Objectives• Lean meat yield (LMY %).

• Calculator for determining value

• Carcass Plus Index and impact on value

• Cost analysis

• Gross profit analysis

Page 3: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lean Meat Yield drives profit!But what’s it worth?

Page 4: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Need a tool for rapid calculation of value!

Page 5: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

We need to predict cut weight!

Page 6: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

We need to predict cut weight!

Use Standard Industry Measures

GR Tissue Depth

Carcase Wt

Page 7: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Predicting topside weight

200300400500600700800900100011001200

300 400 500 600 700 800 900 1000

Topside Weight (g)

Predicted Topside Weight (g)

R2 = 0.64RMSE = 61.5g

Page 8: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Sheep CRC Information Nucleus Flock

Page 9: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Sheep CRC Information Nucleus Flock

Katanning Xbred data set:•168 lambs•Fully boned out•Commercial cuts weighed•HSCW & GR tissue depth

Page 10: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb Value Calculator

Page 11: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb Value Calculator

Estimate cut weights

Enter retail value

Input Carcase Info

Page 12: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Input basic carcase information

Page 13: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Input basic carcase information

Weight

GR

Page 14: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Select the cut specifications

Page 15: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Input the retail values

Page 16: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Estimate weight of cuts

Page 17: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Estimate weight of cuts

Page 18: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Cut values calculated

Page 19: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Cut values calculated

Page 20: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Outputs Carcase Value

Carcase valuecalculated!

Page 21: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

… and here’s a fatter carcase!

25mm GR

Worth less!

Page 22: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Using lamb value calculator for research

Page 23: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Australian Sheep Breeding Values

• Growth• Leanness • Muscling

Industry Indices• Carcass plus

Page 24: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Carcass Plus

OLD NEW

Growth 60Growth (pre weaning)

Muscle 20

Leanness 20

Page 25: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Carcass Plus

OLD NEW

Growth 60 35Growth (pre weaning) 30

Muscle 20 30

Leanness 20 5

Page 26: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Carcass Plus

OLD NEW

Growth 60 35Growth (pre weaning) 30

Muscle 20 30

Leanness 20 5

Is there a cost?

Page 27: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Sheep CRC Information Nucleus Flock

Page 28: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

CT scanning

Page 29: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lean yield by sectionLean

log Hind Lean = log a + b.log carcass weight

log Saddle Lean = log a + b.log carcass weight

log Fore Lean = log a + b.log carcass weight

Page 30: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

New Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 sad

dle lean

 weight

New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210% differen

ce in

 sad

dle lean

 weight

Old Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

Old Carcase Plus 

2.8%3.3%

6.4% 5.2%

P < 0.01

Old Carcase Plus New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 fore lean

 weight

Sire ‐ Old Carcase Plus 

2.2%

No effect

Page 31: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Chris Smith 2012

Value of Lean by section

Page 32: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

New Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 sad

dle lean

 weight

New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210% differen

ce in

 sad

dle lean

 weight

Old Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

Old Carcase Plus 

2.8%3.3%

6.4% 5.2%

P < 0.01

Old Carcase Plus New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 fore lean

 weight

Sire ‐ Old Carcase Plus 

2.2%

No effect

Page 33: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

No effect

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

New Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 sad

dle lean

 weight

New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 fore lean

 weight

Old Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210% differen

ce in

 sad

dle lean

 weight

Old Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

Old Carcase Plus 

2.8%3.3%

6.4% 5.2%

2.2%

P < 0.01

Old Carcase Plus New Carcase Plus

3.3%

6.4%

2.2%

5.2%

2.8%

% change % changekg lean g lean$ change $ change

No change

TOTAL $9.27 $6.49

$5.21

$2.67

$4.23

$2.26

$1.39 $0

157g

214g

0

157g

133g

92g

Page 34: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

New Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 sad

dle lean

 weight

New Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 fore lean

 weight

Old Carcase Plus 

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210% differen

ce in

 sad

dle lean

 weight

Old Carcase Plus

‐3

‐1

1

3

5

7

130 140 150 160 170 180 190 200 210

% differen

ce in

 hind lean

 weight

Old Carcase Plus 

2.8%3.3%

6.4% 5.2%

2.2%

P < 0.01

Old Carcase Plus New Carcase Plus

3.3%

6.4%

2.2%

5.2%

2.8%

% change % changekg lean g lean$ change $ change

No change

TOTAL $9.27 $6.49

$5.21

$2.67

$4.23

$2.26

$1.39 $0

157g

214g

0

157g

133g

92g

$2.78 more value with Old Carcase Plus

Page 35: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Using lamb value calculator to

Estimate processing costs 

Page 36: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb Value Calculator

DetermineProcessing Costs

Page 37: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Costs and Other Revenue

• S/F and Boning Revenue• Fixed and Variable Cost

– Pre slaughter/Slaughter– OTH Grid

– Differential boning Costs

Page 38: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Costs and S/F Revenue

Page 39: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Using lamb value calculator for

Gross Profit Analysis

Page 40: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb Value Calculator

DetermineGross Profit

Page 41: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Carcase Gross Profits

Page 42: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Primal Gross Profit

Page 43: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Primal Gross $ Profit vs. Retail Value

Page 44: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Impact of CW and GR on Gross Profit?

Page 45: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Impact of CW and GR on Gross Profit?

Page 46: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Impact of CW and GR on Gross Profit?

Page 47: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Lamb Value Calculator

Page 48: Lamb carcass value calculator - MINTRAC · Lamb carcass value calculator Chris Smith Graham Gardner Agbiz Solutions, & Murdoch University. Objectives • Lean meat yield (LMY %)

Want to use it?• Funded opportunities

• Support to use the calculator for Gross Profit Analysis

• Contact AMPC 

– Melissa Neal (AMPC Lamb Supply Chain Officer) 

[email protected]