Livestock Marketing Association began as the National Livestock Auction Association in 1947 and continues to serve as the leading advocate for the livestock marketing industry.  LMA provides its members with legal assistance, public policy representation, industry information, credit reporting, business services and an array of insurance products, and hosts the annual World Livestock Auctioneer Championship, the largest, most respected and widely recognized international livestock auctioneering contest.  Since 1947 the core value of Livestock Marketing Association has remained the same, a belief in the competitive auction method and True Price Discovery.  Livestock Auctions are a vital part of the livestock industry, serving producers and assuring a fair, competitive price through the auction method of selling.