Key Takeaways
- Market animals (livestock raised for commercial sale) must meet specific health, weight, and age requirements based on industry standards
- Livestock auctions provide fair pricing, expert advice, and a strong community for farmers and ranchers
- Auction commission fees vary by location and animal type, with common structures including percentage-based fees and flat rates
- Professional auctioneers provide smooth transactions by engaging buyers, maintaining fair bidding, and ensuring efficient sales processes
- Major US livestock markets, such as Oklahoma National Stockyards and Ocala Livestock Auction, are key trading hubs for agriculture