This refers to the point (location) of production or port of entry from which the produce is originally shipped. The shipping point is included in a geographical area often referred to in Market News reports as a “district” in which several shippers are located. 

For shipping Point price reports, the following conditions apply:

“Prices represent open (spot) market sales by first handlers on product of generally good quality and condition unless otherwise stated and may include promotional allowances or other incentives. No consideration is given to after-sale adjustments unless otherwise stated. Reported prices generally include, but are not limited to, applicable brokerage fees and commissions, Customs fees and duties, U.S. packaging and U.S. freight costs prior to first sale, paid by the shipper/seller. Delivered Sales, Shipping Point Basis excludes all charges for freight after sale.”

This refers to the point (location) of production or port of entry from which the produce is originally shipped. The shipping point is included in a geographical area often referred to in Market News reports as a “district” in which several shippers are located. 

For shipping Point price reports, the following conditions apply:

“Prices represent open (spot) market sales by first handlers on product of generally good quality and condition unless otherwise stated and may include promotional allowances or other incentives. No consideration is given to after-sale adjustments unless otherwise stated. Reported prices generally include, but are not limited to, applicable brokerage fees and commissions, Customs fees and duties, U.S. packaging and U.S. freight costs prior to first sale, paid by the shipper/seller. Delivered Sales, Shipping Point Basis excludes all charges for freight after sale.”

Market information and data is collected throughout the course of the live auction, as the reporter will grade the livestock and record the pertinent information in the reporting tool. Information that the reporter must record for each lot includes the official USDA grade, weight, head count, and selling price. To ensure the accuracy of these reports, each Market Reporter is required to take a written test and apply their skills during an official live animal grading correlation with their supervisor every two years.

For milk associated with Federal Milk Marketing orders, product-price formulas are used to set minimum prices as reported in the Announcement of Class and Component Prices  publication each month. The Class and Component Prices are calculated by weighting the sales values and volumes using the most recent four or five weeks (since the last monthly Announcement of Class and Component Prices) from the latest National Dairy Products Sales Report (NDPSR). For more information on product price formulas and a schedule of release dates, please visit the Dairy Mandatory Market Reporting page. Additional information on price formulas can be found on the Price Formulas page.

For milk associated with Federal Milk Marketing Orders, product-price formulas are used to set minimum prices as reported in the Announcement of Advanced Prices and Pricing Factors publication each month. Weighted-average product prices used for these formulas are computed from prices and volumes reported for the most recent two-week period in the National Dairy Products Sales Report (NDPSR). For more information on product price formulas and a schedule of release dates, please visit the Dairy Mandatory Market Reporting page. Additional information on price formulas can be found on the Price Formulas page.