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What is a saleyard?

What is a saleyard? Here are some definitions.

Noun
  1. A yard where livestock is sold.
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Examples
There is a sheep and ram saleyard, open days for many things, shearing championships, and cattle shows.
The saleyard auction system plays a central role in this industry.
In fire destroyed the former saleyard complex in the town of Rantepao.
I used to sell cattle and sheep at Allam's Saleyard where the Waterfront Hall now stands in Belfast.
It said with good saleyard prices, the low Australian dollar and strong export markets, incomes for beef farmers would climb even further this year.
These saleyard prices are always easy to dismiss as irrelevant to the mainstream trade, as the numbers are tiny.

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