SALE TERMS AND CONDITIONS - PAGE 1 OF 2 MID-ATLANTIC CATTLE SALES, LLC 1. Each bidder must be pre-registered and have a Buyer Number to participate in the auction. To register for the auction call 704-322-9770, 704-322-0840, or register through DV Auction. 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 Purchase Agreement sent after the auction. All cattle being offered for sale are under standard Contracts for Sale. All cattle are purchased under standard Contracts for Purchase by the Buyers. 2. The cattle offered for sale are indicated on the sale sheets or online sale description as described to the MACS representatives by the owner. They are described by lot numbers, seller, location of the cattle, numbers of head, estimated weight, management practices, delivery date, conditions of sale and delivery, and verified programs. Representatives for each load are listed under each respective lot. Every effort has been made to assure the correctness of this information but all announcements from the auctioneer or official auction staff prior to or during the sale shall take precedence over printed matter herein. 3. Auction bids will be taken as voice bids by telephone and in person or online bids through DV Auction. Bids are asked with each lot of cattle and will be sold to the highest bidder on the basis of estimated weight. Seller reserves the right to “no sale” the load lot(s) of their cattle at the time the high- est bid is made as long as the “no sale” announcement is made prior to the next lot being sold. Any departure from this procedure will be announced and all announcements made from the auctioneer or official auction staff will take precedence over printed matter herein. 4. The Auctioneer reserves the right to reject any and all bids. Auctioneer will settle all disputed 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. 5. One full load of stocker or feeder cattle will be contracted for approximately 48,000 lbs. and the re- spective head count at the base weight at the full truckload weight. 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. Mid-Atlantic Cattle Sales and its representatives will act as agents only in the sale of lots of cattle. As the marketing agency we cannot guarantee a minimum or maximum amount of shrink on any load. Any weight guarantees in regard to shrink must be given by Seller. Mid-Atlantic Cattle Sales cannot guarantee off truck weights. 6. Cattle that are picked up after the stated delivery dates will be subject to a 2# per head per day increase on the base weight and any weight stops for each day late after the last stated delivery date. Any deviation from this 2# per head per day will be posted in the catalog and announced on sale day. 7. Most loads have weight stops at 25-50 lbs. over the base weight. The individual weight stops are posted on each lot. If a weight stop is listed, cattle will slide after shrink up to the posted weight stop and be sold on a total net weight at the posted weight stop. Any pounds after shrink over the weight stop will not be billed to the buyer or paid to the seller unless other arrangements have been made in writing. 8. All cattle will be sold on a sliding scale as listed on each load. The “price slide” will go into effect when the average net weight of the live cattle is over the base weight the cattle are sold at. This will go into effect starting at 1 pound over the base weight. Slide Example: The cattle were sold at a base weight of 700 lbs with a $5/cwt topside slide for $150/cwt and at delivery weighed 725 lbs after shrink. The cattle would slide $1.25 for a new price of $148.75 at 725 lbs. [Slide ($5/cwt) X Pounds Over (25) = $1.25/cwt] Also can be shown as [$5 / 100 x 25 = $1.25] 9. On split loads the heifer price will be $___/cwt (as stated in the lot information) back of the original price of the steers. The steers will be based at their purchase price and base weight and the heifers will be based at their purchase price and base weight. At delivery, slides and weight stops will be cal- culated separately on each group. Updated March 28, 2023 Updated July 1, 2024
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