Livestock auctions are events where farmers and ranchers sell their animals, such as cattle, sheep, and pigs, to buyers. These auctions provide a marketplace for livestock, allowing sellers to get competitive prices while buyers can find quality animals for their farms or businesses. During a livestock auction, animals are typically displayed for potential buyers to inspect before bidding begins. The auctioneer facilitates the sale, calling out bids until the highest offer is accepted. This process helps ensure fair pricing based on current market demand and the quality of the livestock being sold.