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: animals kept or raised for use or pleasure. especially : farm animals kept for use and profit.
Livestock is cattle, hogs, horses, poultry, sheep, and small animals bred and raised by an agricultural producer. A farm may raise livestock for sale. The concept is generally limited to domesticated animals.
Livestock | Business English animals such as cows, sheep, etc. that are kept or traded as a source of income: livestock farmers/industry/market The organic livestock industry has grown substantially in the last few years.
Live cattle futures are standardized, exchange-traded contracts on the Chicago Mercantile Exchange (CME). The contracts represent the delivery of full-grown cattle that are ready to be sold to meat processors, having reached a weight of between around 1,200 and 1,400 pounds.
Private treaty sales are sales in which the cattle owner negotiates directly with prospective buyers. Like other forms of cattle marketing, direct sales have their pros and cons.
Custom grazing livestock on contract is a business enterprise in which you become a land, grass, and livestock manager, not an owner. Many dairy farmers and beef producers cannot sustainably raise young livestock on their own farms due to feed costs or land limitations.