Livestock market definition
Livestock market means any place where livestock are assembled from two or more sources for public auction, private sale, or sale on a commission basis, which is under state or federal supervision, including a livestock auction market, if such livestock are kept in the place for ten days or less.
Livestock market means any location where livestock is assembled and sold at public auction or on a commission basis during regularly scheduled or special sales (FLS, 2008). The term "livestock market" shall not include private farms or ranches or sales made at livestock shows, fairs, exhibitions, or special breed association sales (ibid). A market for a particular commodity exists when producers and consumers exchange the commodity at mutually agreed prices (Massawe, 2007). Market participants may also engage in moving, storing, grading and processing the commodity in expectation of enhancing its value to consumers (ibid). Available market for agricultural produce means opportunity to sell farmer’s produce at an attractive price (Vezina, 2005). Livestock production in Tanzania has mainly been for the domestic market with minimal export of live animals, hides and skins within and to neighboring countries (URT, 2006).
Livestock market means a public market place consisting of pens or other enclosures where all classes of livestock or poultry are received on consignment and kept for subsequent sale, either through public auction or private sale.