A livestock auction is a public sale where farmers and ranchers sell animals such as cattle, sheep, and pigs to the highest bidder. These auctions provide a marketplace for buyers and sellers, allowing them to negotiate prices based on the quality and health of the animals. During the auction, animals are typically displayed for potential buyers to inspect before bidding begins. The auctioneer facilitates the sale, calling out bids and encouraging competition among buyers. This process helps determine the market value of livestock, benefiting both sellers and buyers in the agricultural community.