NAICS Code 424520-07 - Livestock Shows & Sales (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 424520-07 Description (8-Digit)

Livestock Shows & Sales (Wholesale) is a subdivision of Livestock Merchant Wholesalers industry that involves the wholesale of livestock for shows and sales. This industry is responsible for the distribution of various types of livestock, including cattle, sheep, goats, pigs, and horses, to buyers who are interested in showcasing or selling them. Livestock Shows & Sales (Wholesale) companies typically purchase livestock from breeders and farmers and then sell them to buyers who are interested in participating in livestock shows or auctions.

Hierarchy Navigation for NAICS Code 424520-07

Parent Code (less specific)

Tools

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

  • Livestock trailers
  • Livestock scales
  • Livestock chutes
  • Livestock pens
  • Livestock feeders
  • Livestock waterers
  • Livestock gates
  • Livestock panels
  • Livestock clippers
  • Livestock halters
  • Livestock prods
  • Livestock marking paint
  • Livestock identification tags
  • Livestock vaccines
  • Livestock dewormers
  • Livestock antibiotics
  • Livestock supplements
  • Livestock grooming supplies
  • Livestock handling gloves

Industry Examples of Livestock Shows & Sales (Wholesale)

Common products and services typical of NAICS Code 424520-07, illustrating the main business activities and contributions to the market.

  • Livestock auctions
  • Livestock shows
  • Livestock fairs
  • Livestock exhibitions
  • Livestock sales
  • Livestock markets
  • Livestock competitions
  • Livestock rodeos
  • Livestock breeding events
  • Livestock trade shows

Certifications, Compliance and Licenses for NAICS Code 424520-07 - Livestock Shows & Sales (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Animal Welfare Approved: This certification is provided by the Animal Welfare Institute and ensures that the animals are raised and handled humanely. The certification is based on the standards set by the institute and is applicable to all types of livestock.
  • Certified Humane: This certification is provided by the Humane Farm Animal Care organization and ensures that the animals are raised and handled humanely. The certification is based on the standards set by the organization and is applicable to all types of livestock.
  • National Organic Program: This certification is provided by the USDA and ensures that the livestock is raised and handled according to organic standards. The certification is applicable to all types of livestock.
  • Global Animal Partnership: This certification is provided by the Global Animal Partnership and ensures that the animals are raised and handled humanely. The certification is based on the standards set by the organization and is applicable to all types of livestock.
  • United States Animal Health Association: This organization provides various certifications related to animal health and welfare. These certifications are applicable to all types of livestock and ensure that the animals are healthy and free from diseases.

History

A concise historical narrative of NAICS Code 424520-07 covering global milestones and recent developments within the United States.

  • The "Livestock Shows & Sales (Wholesale)" industry has a long history worldwide, dating back to ancient times when livestock was traded for food, clothing, and other goods. In the United States, the industry began to take shape in the late 1800s with the establishment of state and county fairs, which showcased the best livestock from local farms. The first national livestock show was held in Chicago in 1900, and it became an annual event that attracted breeders and buyers from across the country. In the 1920s and 1930s, livestock shows and sales became more specialized, with events focusing on specific breeds and types of animals. The industry continued to grow and evolve in the post-World War II era, with the introduction of new technologies and breeding techniques that improved the quality of livestock. Today, the industry is a vital part of the agricultural sector, providing a platform for breeders to showcase their animals and for buyers to purchase high-quality livestock for breeding or meat production. In recent history, the "Livestock Shows & Sales (Wholesale)" industry in the United States has faced several challenges, including outbreaks of animal diseases such as foot-and-mouth disease and avian influenza, which have led to the cancellation of some shows and sales. However, the industry has also seen significant growth in recent years, with an increasing number of breeders and buyers participating in shows and sales across the country. The use of technology has also transformed the industry, with online auctions and virtual shows becoming more common. In addition, the industry has become more focused on sustainability and animal welfare, with many breeders adopting environmentally friendly practices and humane treatment of animals. Overall, the "Livestock Shows & Sales (Wholesale)" industry in the United States has a rich history and continues to evolve to meet the changing needs of breeders and buyers.

Future Outlook for Livestock Shows & Sales (Wholesale)

The anticipated future trajectory of the NAICS 424520-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Livestock Shows & Sales (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for livestock products. The growing population and rising income levels are driving the demand for meat and dairy products, which in turn is boosting the demand for livestock shows and sales. Additionally, the increasing popularity of online auctions and sales is expected to drive growth in the industry. However, the industry may face challenges such as animal welfare concerns and regulatory issues. Overall, the Livestock Shows & Sales (Wholesale) industry is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 424520-07

Recent groundbreaking advancements and milestones in the Livestock Shows & Sales (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Livestock Shows: Due to the COVID-19 pandemic, many livestock shows have moved online, allowing buyers to view and bid on animals remotely.
  • Improved Genetics: Advances in genetics have led to the development of livestock breeds that are more productive and disease-resistant.
  • Sustainable Practices: Many livestock producers are adopting sustainable practices such as reducing waste and using renewable energy sources.
  • Traceability Systems: The use of traceability systems is increasing in the livestock industry, allowing buyers to track the origin and history of the animals they purchase.
  • Improved Animal Welfare: The industry is placing greater emphasis on animal welfare, with many producers adopting practices that improve the health and well-being of their animals.

NAICS Code 424520-07 - Livestock Shows & Sales (Wholesale)

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