SIC Code 5154-02 - Livestock Auction Markets (Wholesale)

Livestock Auction Markets (Wholesale) is an industry that involves the buying and selling of livestock through auctions. These auctions are typically held in a physical location, such as a barn or auction house, where buyers and sellers come together to bid on various types of livestock. The industry is responsible for facilitating the trade of a wide range of animals, including cattle, sheep, pigs, and horses. The Livestock Auction Markets (Wholesale) industry is an important part of the agricultural sector, as it provides a platform for farmers and ranchers to sell their livestock to buyers from all over the country. The auctions are typically held on a regular basis, with some markets holding weekly or monthly events. The industry is also responsible for ensuring that the animals being sold are healthy and meet certain standards, such as weight and age requirements.