LiveStockEx process

The farmer creates a sell group from his curated inventory on LiveStockEx, enriching the passport data with other information fields as he sees necessary, then enters an offer price either per animal, per KG or for the group.

The price is published across the network, triggering alerts for subscribers based on LiveStockEx proprietary algorithms. Potential buyers evaluate the detailed metadata on the group, analysing conformance, and enter bids for the group, which are also published live.

The price evolves based on bids from the subscriber base, allowing the seller to understand market dynamics live, and respond with changes in price. Other sellers may create similar groups which link so there is price transparency on both sides of the market.

If there is a market match (bids equal to or exceeding offers) by the time the periodic auction expires, the trade is consummated, and parties are notified.

After the trade has matched, the processing of payment, regulatory reporting, verification of animals, haulage and any dispute resolution is handled seamlessly by LiveStockEx. Data on trade prices is published constantly so buyers and sellers are always up to date with market dynamics.