The Benefits of Livestock Marts by Paul Simmonds
Animal auctions are organised marketplaces where livestock is sold by competitive bidding. Sellers register lots, which may be individual animals or groups, and provide documentation such as identification, weight, breed and health records. On sale day lots are presented in a sale ring or via video for online viewers. An auctioneer conducts the sale, calling bids and moving the price upward in set increments until the highest bid stands and the hammer falls. Buyers participate in person, by phone, or through online bidding platforms. After the sale, the mart handles invoicing, collects fees and commissions, and coordinates transfer of ownership and transport arrangements.
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