Final answer:
The larceny of poultry or livestock valued at less than $500 is generally classified as a misdemeanor, which is a less severe crime than a felony and typically results in lighter penalties.
Step-by-step explanation:
Any person who is guilty of the larceny of any poultry valued at $5 or more but less than $500, or of a sheep, lamb, swine, or goat valued at less than $500 will likely be charged with a misdemeanor. In the legal realm, crimes are usually categorized into misdemeanors and felonies, with misdemeanors being the lesser offenses that often carry lighter penalties such as fines or shorter jail sentences. Given the description of the specified monetary values, this kind of theft typically does not rise to the level of a felony, which is reserved for more serious crimes, often involving higher values or greater threats to public safety.
It is important to understand that the classification of crimes can vary by jurisdiction, and what may be considered a misdemeanor in one area can be a felony in another, depending on local laws. Therefore, the exact classification can depend on the statutes in the region where the crime occurred.