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LMA members include traditional, fixed-facility livestock auctions that typically host a weekly sale, as well as online and video auctions, livestock dealers, and others involved in the marketing of livestock. They vary by name, size and types and classes of livestock sold, but they all share a common commitment: advancing the auction method of selling livestock.
Our member livestock auction markets, sometimes called “sale barns” or “stockyards,” serve as the junction between buyers and sellers. They sell livestock on a commission basis, through a competitive bidding process, to gain the highest price. Markets act as agents of the farmers and ranchers (producers) who depend on them to help generate the greatest value for the livestock they raise. Buyers at livestock markets include producers, feeders, packers, and dealers.