dairySTOCKexchange | Futures
DSX | Futures offers producers a future delivery marketing alternative, Producers know have the ability to buy or sell load lots for future delivery using transparent price discovery and accurate market data on a platform open for business 24 / 7 / 365.
*Future Delivery Lots on a Flat Price Contract
*Load Lots of Fresh Heifers, Preg & Open Heifers, DNB Feeding Heifers, Heifer Calves (Scion-UTR), & Herds
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.
- Listed Asking Price
- Longer Offering Time
- Max bid will automatically raise to the max you bid you enter
- Future Delivery Date
Sellers
- Chose the listing expiration date, the asking price, & delivery window
- If a buyer bids the Asking Price, the lot is sold
- 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
- 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
- By placing a bid on DSX FUTURES, you have submitted an offer to buy the lot.
- If you bid the Asking Price, you are the purchaser of the lot.
- 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.
- 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.
- Buyer pays all trucking cost
Cattle sell on a Flat Price Contract (FPC) with a future delivery date
The 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
