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.”

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.