NAICS Code 424520-05 - Livestock Buyers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424520-05
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NAICS Code 424520-05 Description (8-Digit)

Livestock Buyers (Wholesale) are professionals who purchase livestock from farmers and ranchers for resale to other businesses. They are responsible for evaluating the quality of the animals, negotiating prices, and arranging for transportation to the buyer's location. Livestock Buyers (Wholesale) must have a deep understanding of the livestock industry, including animal health, breeding, and market trends. They must also have excellent communication and negotiation skills to ensure that they get the best possible price for the animals they purchase.

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 424520 page

Tools

Tools commonly used in the Livestock Buyers (Wholesale) industry for day-to-day tasks and operations.

  • Livestock scales
  • Hoof trimmers
  • Ear tags
  • Branding irons
  • Livestock trailers
  • Water troughs
  • Feeders
  • Vaccines
  • Antibiotics
  • Pregnancy testing kits

Industry Examples of Livestock Buyers (Wholesale)

Common products and services typical of NAICS Code 424520-05, illustrating the main business activities and contributions to the market.

  • Beef cattle
  • Dairy cattle
  • Sheep
  • Goats
  • Pigs
  • Horses
  • Llamas
  • Alpacas
  • Bison
  • Elk

History

A concise historical narrative of NAICS Code 424520-05 covering global milestones and recent developments within the United States.

  • The Livestock Buyers (Wholesale) industry has a long history dating back to the early 19th century when the first livestock markets were established in the United States. These markets were initially set up to facilitate the trade of cattle, hogs, and sheep between farmers and local butchers. The industry grew rapidly in the late 1800s and early 1900s with the expansion of railroads and the development of refrigerated railcars, which allowed for the transportation of livestock over long distances. In recent years, the industry has seen significant advancements in technology, including the use of electronic auctions and online trading platforms, which have made it easier for buyers and sellers to connect and conduct business. In the United States, the Livestock Buyers (Wholesale) industry has undergone significant changes in recent decades. The industry has become more consolidated, with larger companies acquiring smaller ones and expanding their operations. The use of technology has also increased, with many buyers and sellers using online platforms to conduct transactions. However, the industry has faced challenges in recent years, including the outbreak of diseases such as mad cow disease and avian flu, which have led to a decline in demand for certain types of livestock. Despite these challenges, the industry remains an important part of the agricultural sector in the United States, providing a vital link between farmers and consumers.