Bioeconomic analysis of total replacement of corn grain with by-product from biscuit manufacture for purebred and crossbred Morada Nova lambs in feedlot system in the Brazilian semi-arid region.

The economic feasibility of replacing corn grain with by-product from biscuit manufacture (BBM) as an energy source in the diet for purebred and crossbred native lambs raised in feedlot was evaluated. Four production systems were developed based on nutritional management and genetic groups: (PS1) purebred native lambs fed a conventional diet based on corn and soybean meal; (PS2) purebred native lambs fed a diet with BBM replacing 100% of the corn; (PS3) crossbred native lambs fed a conventional diet based on corn and soybean meal; and (PS4) crossbred native lambs fed a diet with BBM replacing 100% of the corn in the diet. The extrapolation was performed for a module of 24 Morada Nova (MN) breed lambs (12 MN red (MNR) and 12 ½MNR × ½MN white lambs)) with an initial body weight of 18.8 ± 0.875 and 15.0 ± 0.838 kg for MNR and crossbred, respectively. Feed, animal acquisition, and labor present the total production costs. The greatest profits were obtained in the production systems that fed the crossbred lambs with BBM. The lesser cost of BBM contributed to greater total factor productivity regardless of genetic group (1.095 vs. 1.015 for BBM and conventional feed, respectively). Systems using BBM (SP2 and SP4) showed an estimated payback of 5.44 and 3.24 years, respectively, while the use of conventional feed contributed to negative economic data (PS1 and PS3) with payback period greater than 10 years. The use of BBM as an energy source in the diet of crossbred sheep was economically feasible and showed better economic indices when compared to the systems using a conventional diet.

Economical and financial analysis of lamb finishing fed with diets formulated according to the NRC (1985) and the NRC (2007).

This study compares both versions of the nutritional requirement system determined by the National Research Council (NRC) version 1985 (NRC85) and NRC version 2007 (NRC07), for finishing lambs in feedlots. Nineteen crossbred lambs were divided in four groups representing four experimental treatments: one diet according to NRC85 and three diets according to NRC07. The diets recommended by NRC07 considers crude protein intake relative to ruminal undegradable protein at 20, 40, and 60 % levels (NRC07/20, NRC07/40, and NRC07/60). Diets were composed of Brazilian semi-arid native grass silage, soybean meal, corn, annatto byproduct, and limestone. Purchases and sales of lambs were done according to average market prices in Brazil. The economic indicators considered pointed that all treatments were viable but NRC07/20 and NRC07/60 were more profitable with similar net present values (NPVs) and internal return rates (IRRs). NRC07/20 was the best option showing an IRR of 17.20 % and a payback period (PP) of 5.07 considering a fixed annual interest rate of 6 %. Sensitivity analysis considering a 10 % raise in variable costs showed negative NPVs, IRRs inferior to the opportunity cost rates adopted and PPs that exceeded the planning horizon of 7 years for both NRC85 and NRC07/40.