Automated Livestock Payments Software
Always know the profitability of every livestock consignment
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.
Our Livestock Payments application monitors all grading information to calculate the price. And whilst setting the base price is still a task best left to well-trained experts, our software analyses the abattoir’s grading station captured data and automatically adjusts the price for each animal.
“Now, at Pickstock, over 500 farmers are being paid within two days of processing, as a result of the new livestock management system.”Hayley Draper, Lairage Manager, Pickstock Telford.
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.
Eurogrid and farm assurance status management
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. But when animals are bought without knowing the weight and quality, it’s essential to understand the profitability of each consignment bought from market.
With the high quantity and variety of livestock purchased every week, managing adjustments and understanding the consequences is a constant challenge for abattoirs.
When farmers and producers provide livestock to slaughterhouses they need to understand whenever animals have achieved or not reached the target price for their livestock payments. With the right information, this could then be used to trace back conditions for rearing, such as feed, and make adjustments to gain greater consistency on price.
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
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.
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.
When abattoirs need to fulfil customer orders – matching profiles, designation or destination code – our grading station software automatically identifies the best specification matches.
Using our livestock payments and adjustments application, some of our customers are already processing same day payments.
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.
Automated Livestock Payments
Our Livestock Payments application monitors all abattoir grading to calculate prices, taking account of adjustment averages, Eurogrid, & even agent commission. It works out market consignment profitability, and also checks farm assurance status via integrations with Red Tractor, SPECC & other schemes.