7 USC 1635e - Mandatory reporting for live cattle

U.S Code last checked for updates: Apr 28, 2024

§ 1635e.

Mandatory reporting for live cattle

(a)

Establishment

The Secretary shall establish a program of live cattle price information reporting that will—

(1)

provide timely, accurate, and reliable market information;

(2)

facilitate more informed marketing decisions; and

(3)

promote competition in the cattle slaughtering industry.

(b)

General reporting provisions applicable to packers and the Secretary

(1)

In general

Whenever the prices or quantities of cattle are required to be reported or published under this section, the prices or quantities shall be categorized so as to clearly delineate—

(A)

the prices or quantities, as applicable, of the cattle purchased in the domestic market; and

(B)

the prices or quantities, as applicable, of imported cattle.

(2)

Packer-owned cattle

(c)

Daily reporting

(1)

In general

The corporate officers or officially designated representatives of each packer processing plant shall report to the Secretary at least twice each reporting day (including once not later than 10:00 a.m. Central Time and once not later than 2:00 p.m. Central Time) the following information for each cattle type:

(A)

The prices for cattle (per hundredweight) established on that day, categorized by—

(i)

type of purchase;

(ii)

the quantity of cattle purchased on a live weight basis;

(iii)

the quantity of cattle purchased on a dressed weight basis;

(iv)

a range of the estimated live weights of the cattle purchased;

(v)

an estimate of the percentage of the cattle purchased that were of a quality grade of choice or better; and

(vi)

any premiums or discounts associated with—

(I)

weight, grade, or yield; or

(II)

any type of purchase.

(B)

The quantity of cattle delivered to the packer (quoted in numbers of head) on that day, categorized by—

(i)

type of purchase;

(ii)

the quantity of cattle delivered on a live weight basis; and

(iii)

the quantity of cattle delivered on a dressed weight basis.

(C)

The quantity of cattle committed to the packer (quoted in numbers of head) as of that day, categorized by—

(i)

type of purchase;

(ii)

the quantity of cattle committed on a live weight basis; and

(iii)

the quantity of cattle committed on a dressed weight basis.

(D)

The terms of trade regarding the cattle, as applicable.

(2)

Publication

(d)

Weekly reporting

(1)

In general

The corporate officers or officially designated representatives of each packer processing plant shall report to the Secretary, on the first reporting day of each week, not later than 9:00 a.m. Central Time, the following information applicable to the prior slaughter week:

(A)

The quantity of cattle purchased through a forward contract that were slaughtered.

(B)

The quantity of cattle delivered under a formula marketing arrangement that were slaughtered.

(C)

The quantity and carcass characteristics of packer-owned cattle that were slaughtered.

(D)

The quantity, basis level, and delivery month for all cattle purchased through forward contracts that were agreed to by the parties.

(E)

The range and average of intended premiums and discounts that are expected to be in effect for the current slaughter week.

(2)

Formula purchases

(A)

The quantity (quoted in both numbers of head and hundredweights) of cattle.

(B)

The weighted average price paid for a carcass, including applicable premiums and discounts.

(C)

The range of premiums and discounts paid.

(D)

The weighted average of premiums and discounts paid.

(E)

The range of prices paid.

(F)

The aggregate weighted average price paid for a carcass.

(G)

The terms of trade regarding the cattle, as applicable.

(3)

Publication

(e)

Regional reporting of cattle types

(1)

In general

(2)

Report

(Aug. 14, 1946, ch. 966, title II, § 222, as added Pub. L. 106–78, title IX, § 911(2), Oct. 22, 1999, 113 Stat. 1191.)

cite as: 7 USC 1635e