Stockyards City's 1910 founding and the cattle-industry context
The Oklahoma National Stockyards was established in 1910 by a consortium of Oklahoma cattle ranchers and Chicago-based commission merchants who wanted to create a central auction market for the southern plains cattle industry. The location in southwest Oklahoma City was selected because of its position on multiple railroads (the Atchison, Topeka and Santa Fe; the Frisco; the Rock Island; and others all served the site) and because Oklahoma's pre-Depression cattle population was rapidly growing and needed a central market.
At peak in the 1940s and 1950s, the Oklahoma National Stockyards was the largest single-day cattle auction in the United States and one of the largest in the world. Tens of thousands of cattle moved through the auction weekly during peak years, brought in by rail from ranches across the southern plains and bought by buyers who shipped them east to feedlots, packing plants, and ultimately American grocery stores. The auction's economic role in the U.S. cattle industry was substantial; Oklahoma City became known nationally as a primary cattle-trading center.
Through the second half of the 20th century the cattle industry consolidated and decentralized. Improvements in trucking made it easier to move cattle directly between ranches and feedlots without going through a central auction; consolidation of meat packing reduced the number of buyers; and changes in cattle production economics made small-volume regional auction markets less necessary. The Oklahoma National Stockyards' daily volume declined substantially from its 1950s peak but the auction continues to operate and remains the largest stocker/feeder cattle auction in the world.
