On Tue, 16 Apr 2019 at 06:52, bkil <bkil.hu...@gmail.com> wrote:

> Warin did not mention how they are purchased, i.e., whether an auction
> is being held


Yep, as mentioned previously, livestock are (almost ?) always sold via
auction. Have a look at
https://www.facebook.com/watch/?v=2082183102010269 which
shows a little bit of the auction process in the background.

Another description of it is:
http://www.mareebasaleyards.com.au/index.php?option=com_content&view=article&id=53:purchase&catid=31:general&Itemid=46


> This sounds like a different feature:
> https://en.wiktionary.org/wiki/stockyard
> "(US) An enclosed yard, with pens, sheds etc. or stables, where
> livestock is kept temporarily before being slaughtered, treated, sold,
> or shipped etc."
>

Yes, that's a yard where stock is held. A sales yard is like this
http://www.dalbyregionalsaleyards.com.au/about/ which is broadly similar,
but not quite the same.

I'm still looking for the answer regarding the ratio of auction vs.
> haggling in USA livestock markets/auctions,


Not easy to find, but here's some info:
https://www.farmanddairy.com/news/how-to-understand-the-livestock-markets/308078.html
which seems to suggest that most are sold by auction?

Australian info says the same thing:
https://www.mla.com.au/research-and-development/preparing-for-market/selling-options/

Thanks

Graeme
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