How It Works

Bidding

The process is very similar to selling on the DSX auction or any K&A online auction, with a few differences being.

1. Listed Asking Price
2. Longer Offering Time
3. Max bid will automatically raise to the max you bid you enter
4. Future Delivery Date

Sellers

1. Chose the listing expiration date, the asking price, & delivery window
2. If a buyer bids the Asking Price, the lot is sold
3. If a bid is placed below the Asking Price, you will be contacted with the current bid, you can chose to except or decline the offer
4. If you accept a lower bid than the Asking Price, the bid will not be final until the bid is confirmed with the buyer.

Buyers

1. By placing a bid on DSX FUTURES, you have submitted an offer to buy the lot.
2. If you bid the Asking Price, you are the purchaser of the lot.
3. If you bid under the Asking Price, if you bid under the Asking Price your offer will stand until the listing expires. Your offer will not becexecuted until the consignor has been contacted. The seller can chose except a bid under the Asking price anytime during the process.
4. All purchases lots will require a down payment which is due and payable when purchase agreement is signed. Final Payment is due prior to loading the cattle. All payments must be sent to Kreeger & Associates by Wire Transfer or ACH.
5. Buyer pays all trucking cost

Marketing Options

Flat Price Contract (FPC)  These cattle are sell for the agreed upon price realized on the platform and all other the terms of the contract.

Example: Lot 101 consist of 38 Holstein springers due in August 2026. On 3-1-26 it is sold for $3200 per head for delivery 6-1-26 to 6-15-26. The Buyer is required to pay a $200 per head ($7600) good faith down payment at this time and both parties sign the contract, which is held in K&A Custodial account until settlement is made. 6-1-26 the buyer notifies K&A that they would like the load delivered 6-12-26. K&A confirms the date with the seller. 6-8-26 The down payment ($7600) is credited to the total sale price and the buyer is invoiced $114000 for the balance due on the load. Full payment of the balance is due to Kreeger & Associates prior to loading. The buyer takes possession of the heifers on 6-12-26

Basis Contract (BC): The basis is figured off of a blueprint index or CME. The buyer is bidding on the amount to be paid (Basis) over or under the blueprint index or CME price determined in the contract.

Example: Load 101 consist of 38 Holstein springers due in August 2026. On 3-1-26 it is sold on a Basis contract for $200 over the blueprint Springer Index for delivery 6-1-26 to 6-15-26. The Buyer is required to pay a $200 per head ($7600) good faith down payment at this time and both parties sign the contract, which is held in K&A  Custodial account until settlement is made. 6-1-26 the buyer notifies K&A that they would like the load delivered 6-12-26. K&A confirms the date with the seller. 6-8-26 The purchase price is calculated by using the bluprint Springer index close on 6-5-26 for the base price ($3420) + the basis realized on the sale ($200) for a total purchase price of $3620 per head. The down payment of $7600 is credited to the total sale price and the buyer is invoiced $129960 for the balance due on the load. Full payment of the balance is due to Kreeger & Associates prior to loading. The buyer takes possession of the heifers on 6-12-26

Options Contract (OC): With this sale the seller is selling an option to purchase the cattle per the terms of the contract. The heifer price is either a set flat price or basis price against the blueprint Index or CME. The buyer is buying the right to purchase the cattle per the terms of the contract, but it is not an obligation to purchase them. When bidding on an option contract the bid price is the cost of the option. Option cost will be due when the sale is closed and contract is signed. The option cost is non refundable, but will be held in the K&A Custodial account until the cattle are loaded. Within 14 days of the option expiration the buyer will inform Kreeger & Associates of there intentions with the option.

Example1 : Lot 101A is an option on load 101 consisting of 38 Holstein springers due in August 2026 priced at $3200 per head and to be delivered 6-1-26 to 6-15-26. On 3-1-26 the option is sold for $2500. The buyer is required to pay the full amount ( $5000) and both parties sign the options agreement. On 6-1-26 the buyer notifies K&A they will take possession of the heifers on and that they would like the load delivered 6-12-26. K&A confirms the date with the seller. 6-8-26 The buyer is invoiced $121600 for the full amount of the load. Payment is due to Kreeger & Associates prior to loading. On 6-12-26 the buyer takes possession of the heifers.

Example 2 : Lot 101A On 6-1-26 the buyer informs Kreeger & Associates that they are going to let the option expire and not    purchase the heifers. Nothing happens the seller is paid the option premium and can sell the heifers to a different buyer.

Blueprint Market Intel

The blueprint Elevated Market Analytics (EMA) database is grouped by breed & graded by quality. Only reliable sales data of Grade A cattle are included in the database. Therefore the numbers represent the actual average price of good productive replacements. Data is compiled from a 6 day trade week (Saturday to Friday) each week. Using the actual sale values we are able to determine weekly cash values to create accurate market indexes and factors for valuations and analysis.