
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1635a]

 
                          TITLE 7--AGRICULTURE
 
     CHAPTER 38--DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS
 
              SUBCHAPTER II--LIVESTOCK MANDATORY REPORTING
 
                      Part A--Purpose; Definitions
 
Sec. 1635a. Definitions

    In this subchapter:

                           (1) Base price

        The term ``base price'' means the price paid for livestock, 
    delivered at the packing plant, before application of any premiums 
    or discounts, expressed in dollars per hundred pounds of carcass 
    weight.

                           (2) Basis level

        The term ``basis level'' means the agreed-on adjustment to a 
    future price to establish the final price paid for livestock.

                     (3) Current slaughter week

        The term ``current slaughter week'' means the period beginning 
    Monday, and ending Sunday, of the week in which a reporting day 
    occurs.

                             (4) F.O.B.

        The term ``F.O.B.'' means free on board, regardless of the mode 
    of transportation, at the point of direct shipment by the seller to 
    the buyer.

                            (5) Livestock

        The term ``livestock'' means cattle, swine, and lambs.

                               (6) Lot

        The term ``lot'' means a group of one or more livestock that is 
    identified for the purpose of a single transaction between a buyer 
    and a seller.

                            (7) Marketing

        The term ``marketing'' means the sale or other disposition of 
    livestock, livestock products, or meat or meat food products in 
    commerce.

                       (8) Negotiated purchase

        The term ``negotiated purchase'' means a cash or spot market 
    purchase by a packer of livestock from a producer under which--
            (A) the base price for the livestock is determined by 
        seller-buyer interaction and agreement on a day; and
            (B) the livestock are scheduled for delivery to the packer 
        not later than 14 days after the date on which the livestock are 
        committed to the packer.

                         (9) Negotiated sale

        The term ``negotiated sale'' means a cash or spot market sale by 
    a producer of livestock to a packer under which--
            (A) the base price for the livestock is determined by 
        seller-buyer interaction and agreement on a day; and
            (B) the livestock are scheduled for delivery to the packer 
        not later than 14 days after the date on which the livestock are 
        committed to the packer.

                      (10) Prior slaughter week

        The term ``prior slaughter week'' means the Monday through 
    Sunday prior to a reporting day.

                            (11) Producer

        The term ``producer'' means any person engaged in the business 
    of selling livestock to a packer for slaughter (including the sale 
    of livestock from a packer to another packer).

                         (12) Reporting day

        The term ``reporting day'' means a day on which--
            (A) a packer conducts business regarding livestock committed 
        to the packer, or livestock purchased, sold, or slaughtered by 
        the packer;
            (B) the Secretary is required to make information concerning 
        the business described in subparagraph (A) available to the 
        public; and
            (C) the Department of Agriculture is open to conduct 
        business.

                           (13) Secretary

        The term ``Secretary'' means the Secretary of Agriculture.

                             (14) State

        The term ``State'' means each of the 50 States.

(Aug. 14, 1946, ch. 966, title II, Sec. 212, as added Pub. L. 106-78, 
title IX, Sec. 911(2), Oct. 22, 1999, 113 Stat. 1188.)

                         Termination of Section

        For termination of section by section 942 of Pub. L. 106-78, see 
    Livestock Mandatory Reporting note set out under section 1635 of 
    this title.

                  Section Referred to in Other Sections

    This section is referred to in section 198 of this title.
