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Relation of the Auction Market to the Livestock Industry

University of Illinois

Abstract

Since 1935 we have followed the development of auction markets in Illinois. In the fall of 1936, in cooperation with the Farm Credit Adminstration, a study of the auctions was undertaken—sixteen being selected as an adequate sample. Fourteen of these were revisited in the fall of 1937. The 1936 study included observation of the auction and an interview with the management; interviews with representative stockmen of the area; and mail questionnaires to other representative stockmen of the area. Few of the auctions had adequate records.

As of December, 1936, some 95 auctions (in Illinois they are referred to as sales barns, community sales, auctions, auction sales, and so on) had filed statements with the Illinois Department of Agriculture, and the Department listed 27 that had not then filed. By November, 1937, 139 had filed with the Department.

At Illinois auctions livestock is sold by the head. Only 6 of the 16 auctions had scales. Only one Illinois auction sells a considerable part of the livestock by weight. Livestock is not graded, is sold according to ownership.