Brief Information about Livestock Auction Prices

Brief Information about Livestock Auction Prices

Why do you need to find out about livestock auction prices? This is a question that cannot be answered without knowing about what livestock really is first. Livestock are essentially animals that re raised within an environment that has agricultural setting to it. Theoretically speaking, the term is mostly used to refer to animals raised for food but in practice, the animals raised in this environment are used to derive products for human use in general such as for leather and wool, in addition to for food.

The term, in turn, is specifically applied to the ruminants farmed within said agricultural setting such as goats and cattle. Breeding animals, maintaining their lives, and slaughtering them for any purpose are common practices collectively known as animal husbandry, which have been in practice for millennia ever since humans first shifted from hunter-gatherer lifestyles to farming.

Before modern practice of factory farming, in which the animals are confined to enclosures or fences, livestock were raised by leaving them roam the farm freely. The shift toward factory farming is in favor due to its ability to yield broader range of http://www.speedbet88.net commercial outputs. This practice, however, also factors into increasing concerns regarding animal welfare and its impact on environment.

Pig's Farmer

The importance of knowing about livestock auction prices terms from this basic premise that defines what livestock are. A livestock auction is one of the two options to take when you are considering buying cattle, the other being purchasing straight from a farmer. You could be someone who sets his eyes on the industry, being lured into it by its lucrative profits and all. By going to a livestock auction, you will have a variegated option of cattle to choose from. Plus, by going through the auctioning process, you can pare your selections down to the very best cattle as the superior varieties are usually labeled the most expensive.

The livestock auction prices are skewed up or down based on the cattle’s quality. The best cattle auctioned that day would be priced the highest and you need to know your own upper limit so you can choose from the available options conveniently. And let’s not forget that the final price you should pay by the end of the auction process is a combination of the cattle’s basic cost and commission for the auction house. This commission and fee are counted based on the amount of cattle you bring home that day.

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The fees are different for each type of cattle. Feeder cattle, for example, typically require you to pay as much as 3.25% of the cattle’s price as fee but you should otherwise be allowed to pay at least $15 per head. The same fee percentage applies to dairy cattle although their individual fees are upped to $20 per head. A livestock auction is also where non-living items are auctioned out. You can place your bid for anything like wood, straw, or hay, which would set you back as much as 6% of the final price for commission to the auction house.

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