- Step 1: Check market prices Inform yourself about market prices before you attend the auction. Plan on attending a couple of other auctions before you start bidding.
- Step 2: Attend the auction Arrive at the auction early so you can inspect any livestock you may be interested in.
- Step 3: Inspect the cattle Inspect the cattle carefully to make sure they are healthy and in good condition.
- TIP: Observe the cattle at ground level -- not just from the walkway above the pens.
- Step 4: Hire a stock agent Consider hiring a stock agent to bid for you if you are new at livestock auctions. The sale barn office can put you in touch with someone who will buy for you.
- Step 5: Observe the auction Take a seat where you will have a good view of the bidding, and follow the sales. Hopefully you'll leave with a good purchase.
- FACT: The ancient Romans used auctions to liquidate property and estate goods.
You Will Need
- Market prices
- Stock agent
- View of the auction
- Ground-level view (optional)