<div dir="ltr"><div dir="ltr"><br></div><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, 16 Apr 2019 at 06:52, bkil <<a href="http://bkil.hu">bkil.hu</a>+<a href="mailto:Aq@gmail.com">Aq@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Warin did not mention how they are purchased, i.e., whether an auction<br>
is being held</blockquote><div><br></div><div>Yep, as mentioned previously, livestock are (almost ?) always sold via auction. Have a look at <a href="https://www.facebook.com/watch/?v=2082183102010269">https://www.facebook.com/watch/?v=2082183102010269</a> which shows a little bit of the auction process in the background.</div><div><br></div><div>Another description of it is: <a href="http://www.mareebasaleyards.com.au/index.php?option=com_content&view=article&id=53:purchase&catid=31:general&Itemid=46">http://www.mareebasaleyards.com.au/index.php?option=com_content&view=article&id=53:purchase&catid=31:general&Itemid=46</a></div><div> </div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">This sounds like a different feature:<br>
<a href="https://en.wiktionary.org/wiki/stockyard" rel="noreferrer" target="_blank">https://en.wiktionary.org/wiki/stockyard</a><br>
"(US) An enclosed yard, with pens, sheds etc. or stables, where<br>
livestock is kept temporarily before being slaughtered, treated, sold,<br>
or shipped etc."<br></blockquote><div><br></div><div>Yes, that's a yard where stock is held. A sales yard is like this <a href="http://www.dalbyregionalsaleyards.com.au/about/">http://www.dalbyregionalsaleyards.com.au/about/</a> which is broadly similar, but not quite the same.</div><div><br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">I'm still looking for the answer regarding the ratio of auction vs.<br>
haggling in USA livestock markets/auctions, </blockquote><div><br></div><div>Not easy to find, but here's some info: <a href="https://www.farmanddairy.com/news/how-to-understand-the-livestock-markets/308078.html">https://www.farmanddairy.com/news/how-to-understand-the-livestock-markets/308078.html</a></div><div>which seems to suggest that most are sold by auction?</div><div><br></div><div>Australian info says the same thing: <a href="https://www.mla.com.au/research-and-development/preparing-for-market/selling-options/">https://www.mla.com.au/research-and-development/preparing-for-market/selling-options/</a></div><div><br class="gmail-Apple-interchange-newline">Thanks<div><br></div><div>Graeme</div></div></div></div>