NAICS Code 112990-08 - Livestock Brokers

Marketing Level - NAICS 8-Digit

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NAICS CODE 112990-08
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NAICS Code 112990-08 Description (8-Digit)

Livestock brokers are professionals who facilitate the buying and selling of livestock, such as cattle, sheep, and pigs, on behalf of their clients. They act as intermediaries between buyers and sellers, negotiating prices and ensuring that all parties are satisfied with the transaction. Livestock brokers must have a deep understanding of the industry, including market trends, animal health, and transportation logistics. They also need to be skilled in communication and negotiation to successfully close deals.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 112990 page

Tools

Tools commonly used in the Livestock Brokers industry for day-to-day tasks and operations.

  • Livestock scales
  • Livestock trailers
  • Branding irons
  • Ear tags
  • Livestock handling equipment
  • Hoof trimmers
  • Cattle prods
  • Livestock vaccines
  • Pregnancy testing equipment
  • Livestock feeders

Industry Examples of Livestock Brokers

Common products and services typical of NAICS Code 112990-08, illustrating the main business activities and contributions to the market.

  • Cattle auctions
  • Sheep sales
  • Pig markets
  • Livestock trading
  • Animal auctions
  • Livestock transportation
  • Livestock export
  • Livestock import
  • Livestock breeding
  • Livestock appraisal

History

A concise historical narrative of NAICS Code 112990-08 covering global milestones and recent developments within the United States.

  • Livestock brokers have been around for centuries, with the first recorded instance of a livestock market dating back to ancient Rome. In the United States, the industry began to take shape in the late 1800s, with the establishment of the Chicago Union Stockyards in 1865. This led to the development of a centralized market for livestock, which allowed for more efficient trading and transportation of animals. In the 20th century, the industry continued to evolve with the introduction of new technologies such as refrigerated rail cars and trucks, which made it easier to transport livestock over long distances. Today, livestock brokers continue to play an important role in the agricultural industry, helping farmers and ranchers to sell their animals to buyers across the country. Recent history of the industry in the United States has been marked by a number of challenges, including the outbreak of diseases such as mad cow disease and avian flu, which have led to increased regulation and scrutiny of the industry. In addition, the rise of alternative protein sources such as plant-based meat substitutes has led to increased competition for traditional meat producers. Despite these challenges, the industry has continued to adapt and evolve, with many livestock brokers now focusing on niche markets such as organic and grass-fed meats. Overall, the industry remains an important part of the agricultural sector in the United States.