Computer Vision, Digital Image Processing, and Digital Image Analysis can be viewed as an amalgam of terms that very often are used to describe similar processes. Most of this confusion arises because these are interconnected fields that emerged with the development of digital image acquisition. Thus, there is a need to understand the connection between these fields, how a digital image is formed, and the differences regarding the many sensors available, each best suited for different applications. From the advent of the charge-coupled devices demarking the birth of digital imaging, the field has advanced quite fast. Sensors have evolved from grayscale to color with increasingly higher resolution and better performance. Also, many other sensors have appeared, such as infrared cameras, stereo imaging, time of flight sensors, satellite, and hyperspectral imaging. There are also images generated by other signals, such as sound (ultrasound scanners and sonars) and radiation (standard x-ray and computed tomography), which are widely used to produce medical images. In animal and veterinary sciences, these sensors have been used in many applications, mostly under experimental conditions and with just some applications yet developed on commercial farms. Such applications can range from the assessment of beef cuts composition to live animal identification, tracking, behavior monitoring, and measurement of phenotypes of interest, such as body weight, condition score, and gait. Computer vision systems (CVS) have the potential to be used in precision livestock farming and high-throughput phenotyping applications. We believe that the constant measurement of traits through CVS can reduce management costs and optimize decision-making in livestock operations, in addition to opening new possibilities in selective breeding. Applications of CSV are currently a growing research area and there are already commercial products available. However, there are still challenges that demand research for the successful development of autonomous solutions capable of delivering critical information. This review intends to present significant developments that have been made in CVS applications in animal and veterinary sciences and to highlight areas in which further research is still needed before full deployment of CVS in breeding programs and commercial farms.