Cattle auctions are events where livestock, particularly cattle, are sold to the highest bidder. These auctions can take place in person at a physical location or online. Farmers and ranchers bring their cattle to the auction, where they are inspected and evaluated by potential buyers. The auctioneer facilitates the bidding process, calling out prices and encouraging buyers to place their bids. The primary goal of a cattle auction is to provide a marketplace for buyers and sellers to transact. Prices are determined by factors such as the quality of the cattle, market demand, and current trends in the livestock industry.