Automated Livestock Payments Software
SI’s Livestock Payments application calculates prices for carcases, together with market consignment profitability, taking account of adjustment averages, Eurogrid, & even agent commission.
The application also checks farm assurance status, by integrating with Red Tractor, SPECC & similar schemes.
Gain greater control over adjustments averages
Adjustment averages take account of a wide range of factors, including the farm or producer, type of animal, its grade and any agent commission costs.
And for livestock bought at market, our livestock payments algorithms work out each consignment’s profitability. As these animals are bought without knowing weight or quality, our software calculates both the value at the grading station and after the animals have been slaughtered, boned and sold to customers.
Typical adjustment averages improvements, after implementing SI’s Automated Livestock Payments Software = 1-1.5% per week.
Eurogrid and farm assurance status management
With an average 20% shortage of cattle within the United Kingdom at any one time, it’s a seller’s market for farmers and producers.
As our livestock payments system incorporates Eurogrid grading and integrations with Red Tractor, SPECC and other farm assurance schemes, the time taken to process payments to farmers can be significantly reduced.
Abattoirs have to set the base price, according to market rate, at the start of every week. This benchmark for livestock payments is then adjusted according to the grade each animal achieves.
However, when animals are bought by consignment from markets, without knowing the weight and quality, it’s essential that abattoirs can still calculate the profit margin.
By capturing and processing data at key points in the production process, our livestock payments application analyses and automatically adjust prices according to:
- Farm or producer
- Buyer or agent, to adjust the commission
- Type of animal
- Grade
Always know the profitability of every livestock consignment.
With the high quantity and variety of livestock purchased every week by abattoirs, managing adjustments and understanding the consequences is a constant challenge.
Whenever farmers and producers provide livestock to slaughterhouses they need to clear data to understand the reasons why animals have either achieved or not reached the target livestock price.
Our grading livestock payments reports not only explain the gradings achieved, but also any charges that have been applied. For example, charges for cleaning and clipping charges.
By having this data, producers can trace back the rearing conditions, (such as feed details), and then make any adjustments to achieve greater price consistency.
After the value has been determined at the abattoir grading station, the grading data can also be used to assess the value after the animals have been slaughtered, boned and sold to customers. As animals are scanned in and out, data can be collected to report on when and where livestock and the meat products from processing them have gone to.
Using our livestock payments and adjustments application, some of our customers are already processing same day payments.
Maximising the value of every carcase is key to profitability and fulfilling customer orders in the most efficient way.
Our grading station software, combined with Auto-Spec ID, automatically matches profiles and designations to identify the best specification matches.
Using SI’s Automated Livestock Payments Software:
A profile will be set up for each animal to detail weight, grade, age, the number of movements, and type (for instance steer, heifer, young bull).
Using Eurogrid, the grader will conduct a visual assessment of fat covering and muscle content.
The trader will assign a code to indicate where the animal fits on the scale – from poor to excellent.
The combined information provides the specification and pricing bracket for the animal.
Managing payments for sheep
Every sheep has a unique RFID tag. This tag is scanned before to the sheep is killed and provide information on where and when the sheep/flocks have been moved, and categorically link back to the farmers. Using this information, we can provide farmers with the reassurance that they will get paid for precisely what they sold.