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Far more transactions, he added, take place in dealer showrooms, through print or online listings or in direct “private treaty” negotiations between buyers and sellers.

Cattle are typically sold in a few ways: in a private treaty between seller and buyer or at auction.

It advertises the Sappho fragment for sale by private treaty.

Security equipment like full-body scanners and automatic passport gates will be available through private treaty sales after a security check of the buyers.

He usually markets his cattle by private treaty, but prices have fallen after hitting record highs and not as many producers are turning out the smaller cattle this year.