Superior Livestock Auction Terms and Conditions

1. Each bidder must be pre-registered and have a Buyer Number to participate in the auction. To register call 800-422-2117. By participating in the auction the Buyer expressly agrees to adhere to these Terms and Conditions and to the provisions set forth in the Livestock Forward Contract published in this catalog.

2. The Auctioneer reserves the right to reject any and all bids. If a dispute arises between two or more bidders the Auctioneer may immediately put the lot up for sale again and resell to the highest bidder. The decision of the Auctioneer shall be final and absolute.

3. All purchases require a $40.00 per head Part Payment which is due and payable at the conclusion of the auction. Final Payment is due and payable upon delivery of the cattle and must be sent to Superior Livestock the day after they are received by the Buyer. In the event of multiple day deliveries payment will be required each day. All payments must be sent by Wire Transfer, ACH or overnight delivery of a check via FedEx or UPS. Payment sent via the U.S. Postal Service (1st Class or Priority Express) is not acceptable. Any fees incurred for sending payment will be at the Buyer’s expense.

4. All cattle will be sold on a sliding scale with either the Conventional Slide or the Superior Right Slide. Conventional Slide: If the average weight is over the base weight there will be a slide on the top side only. Example: Feeder Steers with a base weight of 800 pounds sell for $150.00/cwt. At delivery they can weigh up to 800 pounds and the price will not change. If they weigh 801 pounds (average) with a 10 cent slide the price will be adjusted to $149.90/cwt; 810 lbs. - $149.00/cwt; 815 lbs. - $148.50/cwt, etc. Superior Right Slide: If the average weight is over the base weight the additional pounds will cost $.80 per pound on feeders and $1.00 per pound on calves. Example: 100 head of calves with a base weight of 500 pounds sell for $200.00/cwt. If they average 510 lbs. the cost will be calculated as follows: 100 head x 510 = 51,000 total pounds with the cost calculated as follows: 50,000# @ $200.00/cwt = $100,000.00 & 1,000# @ $1.00/lb. = $1,000.00 for a total of $101,000.00; which is $198.00/cwt on 51,000 pounds.

5. All cattle will be weighed on a certified scale. If cattle are weighed on the ground any cuts will be made after all the cattle are weighed and the cuts will be weighed back.

6. The Buyer is responsible for all arrangements and regulatory requirements with respect to the transportation of the livestock and the Buyer is responsible for sending trucks to adequately load the number of head and/or the total weight contracted in order to legally transport them to their final destination. No freight adjustment will be given if the average weight at delivery is under the base weight and the head count delivered is within 95% of the contracted head count.

7. On split loads the heifer price will be $___ per cwt (as stated in the lot information) back of the original price of the steers.

8. Superior Livestock Auction does not guarantee feeder heifers to be open. Any heifers represented by the Seller to be open will be pregnancy checked by a licensed veterinarian within 21 days of delivery and will be accompanied by a veterinarian’s certificate.

9. Superior Livestock Auction does not warrant the harvest date on source and age verified cattle and cannot guarantee back verification on any program requiring signed affidavits or 3rd party verification. It is the Buyer’s responsibility to verify all claims of the Seller to fit specific programs prior to purchase.

10. Health entry requirements for the state of entry are the responsibility of the Buyer. The Seller will furnish any health certificates required for the state of origin and Federal Law. If additional health certificates, documentation or tests are required for shipment to the Buyer’s destination, it shall be at the Buyer’s request and expense.

11. Every effort has been made to assure the correctness of this catalog but all announcements from the auction block shall take precedence over printed material. There are no implied warranties of merchantability or fitness for a particular purpose on livestock sold on this auction.

12. Superior Livestock Auction, LLC reserves the right to sign the Livestock Forward Contract on behalf of all Buyers and Sellers.