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How do cattle auctions work?

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The pungent scent of hay and manure mingles in the air. You've entered the auction barn, and it's your first time buying cattle at auction. There's a lot to learn when it comes to purchasing cattle at auction and beef cattle are popular livestock to raise. With the average price per pound of choice beef at $5. read more

The auction house takes a commission, a percentage, and the balance pays to the consignor. I know at least one major cattle auction here in Alberta has started doing presort sales. In these, the cattle are separated out individually as they arrive, and then sorted into more homogeneous groups with the cattle consigned by other sellers. read more

For example, an auction house may have a weekly livestock auction every Friday at 10 a.m. Regular sales attract all types of animals, but you’ll routinely see dairy bull calves, dairy cull cows and finished beef (beef cattle ready to head to final fattening and slaughter). read more

The Video and Internet Auctions are conducted live, with an auctioneer, as cattle are sold to buyers bidding at the auction site, via telephone or on the internet “Click to Bid”. After the cattle are sold, a livestock contract stating the terms and conditions of the sale is prepared and sent to both the buyer and seller. read more

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