ABSTRACT The objective of this study was to evaluate residual feed intake (RFI), residual intake and body weight gain (RIG) and their relationship with other traits of efficiency, performance, and economic analysis of sheep. Lambs (n = 102) were evaluated during 56 days and a herd consisting of 500 ewes was simulated with the mean of dry matter intake (DMI) and final body weight of the lambs, the same as that of the experimental lambs. The lambs were fed hay-based diet of Tifton 85 (Cynodon spp.), corn, and soybean in the voluminous:concentrate ratio of 35:65. Residual feed intake and RIG were correlated with DMI, feed conversion ratio, and feed efficiency. Residual intake and body weight gain were positively correlated with average daily gain, relative growth rate, and Kleiber's rate. The most efficient production systems (lower RFI and higher RIG) had lower costs and higher profit margins. The net present value (NPV) and internal rate of return (IRR) were higher in systems with more efficient lambs. In systems with less efficient lambs, NPV and IRR were negative and lower, respectively. Efficient animals for RFI and RIG showed satisfactory performance and better economic results.

ABSTRACT The study evaluated the average return on invested capital (ROIC) in function of the variations in the historical prices of beef cattle and the odds of return on that capital gain within the system of beef cattle fattening on a farm in the state of Minas Gerais, Brazil, from 2004 to 2007. To calculate the risk of ROIC, monthly data of beef cattle prices (BM&F) were used from July 1997 to December 2013, revised by the General Price Index of the Fundação Getúlio Vargas in December 2013. The corrected data were divided into five classes that correspond to the risk scenarios. In light of these classes, the observed frequencies and their respective probabilities were calculated. The cumulative and updated ROIC were -3.02 and 0.24%, respectively. The odds for obtaining returns above 8.4% (Brazilian Selic Rate) per year were median, corresponding to 32.0 and 34.94% for the calculation of operating profit (ROIC OP) and total profit (ROIC TP), respectively. The expected average annual return was 6.26 and 7.66% for ROIC OP and ROIC TP, respectively. The standard deviation and coefficient of variation showed a high risk of ROIC because the scale and extent of dispersion per unit of expected return were elevated in the accumulation period and the risk for 2013 was reduced according to the price of beef cattle. The expected risk of ROIC was considered high between 2004 and 2007 and average for 2013. The probability of return on capital invested in the intensification of fattening beef cattle is a function of the selling price of cattle and purchase of inputs, in which the high scenario ranching provides greater probability of getting a return above the bank interest rates.

Este experimento foi conduzido com o objetivo de avaliar algumas características da silagem de capim-marandu (Brachiaria brizantha Stapf cv. Marandu) submetida a diferentes tempos de emurchecimento. O delineamento experimental usado foi o inteiramente casualizado com quatro tratamentos e quatro repetições. Os tratamentos foram tempos de emurchecimento de zero, duas, quatro e seis horas após o corte, em pleno sol. A gramínea foi colhida com aproximadamente 90 dias de rebrota e permaneceu ensilada por 40 dias em silos experimentais de canos de PVC. Determinaram-se os valores de pH, poder tampão (PT) e os teores de MS, PB, FDN, FDA e nitrogênio amoniacal (N-NH3). Pelas características analisadas, pôde-se concluir que o capim-marandu ensilado após emurchecimento de 1,32 a 3,02 horas pode ser satisfatoriamente armazenado na forma de silagem, conciliando vantagens operacionais e de qualidade da forragem.

The experiment was conducted with the objective to evaluate some characteristics of the silage of marandu grass (Brachiaria brizantha Stapf cv. Marandu) submitted to different wilting times. The completely randomized design with four treatments and four replicates was used. The treatments were wilting time of zero, two, four and six hours after the cut, in broad sunligth. The grass was harvested after 90 days of sprouting and stored for 40 days in experimental silos of PVC tube. pH values, buffer power (BC) and contents of DM, CP, NDF, ADF and ammonium nitrogen (N-NH3) were determined. The analyzed characteristics allowed to conclude that marandu grass stored after wilting of 1,32 at 3,02 hours, could be preserved satisfactorily in the form of silage, conciliating operationals advantages and forage quality.