What must you anticipate with this road sign?

Your answer is correct. This German road sign warns drivers about the possibility of farm livestock, such as cows, being on or near the roadway. It also implies that the road may be dirt-covered or less maintained due to animal presence or rural conditions, so you should drive cautiously.

The sign does not warn about wild animals crossing, which is indicated by a different sign. Recognizing this specific warning helps you anticipate potential obstacles and adjust your speed accordingly to ensure safety.