Reading market reports

[Coopsmom]

So I’m about to send my first small group of goats to market and I’m trying to read last week’s market report (Ontario, Canada)...not sure I’m reading it properly!

We’re going to OLEX in Kitchener. Last week a couple of the “top producers” are listed like this:

25 kid goats AVG 74lbs @ 300.00, and
9 kids goats AVG 60lbs @ 345.00

So does that mean the 25 kids sold for an average of $222 each (0.74 x 300) and likewise the 9 kid goats sold for an average of $207 each (0.60 x 345)? Or am I way off?

Let me know your thoughts! Getting excited for our first auction!

 

[cassie]

You are probably right. You can always call the sales yard and ask them. I have done so in the past and they have always been very helpful.

 

[Coopsmom]

Thanks Cassie! I did take the time to call the auction house (not sure why I never thought of that! ‍). Although I think I surprised the receptionist with my 5 million questions, she did answer them.

I had the right idea, but she said pounds x 3.0 or 3.45 (works out the same in the end anyway).

So we’ll see how they sell on Tuesday!

 

[cassie]

Good luck!! Please post and let us know how they did.

 

[Coopsmom]

Will do! It’s hard to take them, they’re pretty adorable. But I’m keeping a few girls so not all is lost

 

[Coopsmom]

They did pretty well last week from my limited auction experience - average 40lbs at $3.30 a pound.

Sending a smaller group, but slightly heavier kids, tomorrow. Hopefully they do as well or better! Last sale before Christmas so fingers crossed

 

[cassie]

Congratulations!! Thank you for letting us know. Keep us posted on the next batch. Hope they do as well.