
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: 7USC1635e]

 
                          TITLE 7--AGRICULTURE
 
     CHAPTER 38--DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS
 
              SUBCHAPTER II--LIVESTOCK MANDATORY REPORTING
 
                        Part B--Cattle Reporting
 
Sec. 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

        Information required under this section for packer-owned cattle 
    shall include quantity and carcass characteristics, but not price.

(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

        The Secretary shall make the information available to the public 
    not less frequently than three times each reporting day.

(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

        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 for cattle purchased through 
    a formula marketing arrangement and slaughtered during the prior 
    slaughter week:
            (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

        The Secretary shall make available to the public the information 
    obtained under paragraphs (1) and (2) on the first reporting day of 
    the current slaughter week, not later than 10:00 a.m. Central Time.

(e) Regional reporting of cattle types

                           (1) In general

        The Secretary shall determine whether adequate data can be 
    obtained on a regional basis for fed Holsteins and other fed dairy 
    steers and heifers, cows, and bulls based on the number of packers 
    required to report under this section.

                             (2) Report

        Not later than 2 years after October 22, 1999, the Secretary 
    shall submit to the Committee on Agriculture of the House of 
    Representatives and the Committee on Agriculture, Nutrition, and 
    Forestry of the Senate a report on the determination of the 
    Secretary under paragraph (1).

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

                         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.
