OK I will put my oar in here!!!
Commercial sheep bought and raised the 'traditional way' will never make you money unless you are a large concern eg 600 ewes plus with superb breeding ewes and a good commercial tup..........and even then prices are about the same as in 1986..........with double the cost and hassle..........this is why so many are in the doldrums re sheep.
However as with everything inginuity(sp?) and diversification are what it takes!! a little thought about what people want rather than flooding markets!
I keep speciality sheep.................up until last year I had some commercials, a good pedigree flock of Dorset Downs and other breeding groups of Shetlands, Ouessants and the odd Wensleydale!
I made a profit, not large from direct marketing of meat, wool and skins...........but a profit all the same!
Now i have diversified further into more wool processing, making felt, knitting wool, skins, meat etc and have set up a plant for other small wool producers to use to make money from their wool.
I now keep Ouessants, Gotlands and Wensleydales and Wensley crosses and am using a Gotland ram on all large sheep.
Why?
Well coloured Wensleydale and Gotland skins are worth approx £70 each, often more!
The wool is highly sought after and usable in my wool business.....we can turn it into a product worth £60 a kg
The meat is good too!
I keep Ouessants for their wool and because they are very rare in GB but also because they are sought after and sell well (I have lambs booked for 09) are very friendly and easy to handle (I can pick them up and carry them!!)
They are all easy lambing hardy sheep and I spend approx 1-2 hours a week checking them etc as they are often down in the village and I drive past on my way somewhere and have a quick check every day. Occaisionally hours will rise for days when we are moving fields, doing feet, drenching etc but keeping on top of stock tasks means we are never spending unneccessary time. I only keep easy lambing sheep as I do not want to sleep with them for 8 weeks

and we have a good lambing percentage and rarely lose a lamb.
Last year I had 100 sheep, this year I keep 25 as I am busy with the wool peocessing.