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7 CFR Part 180 — Cattle Contracts Library Pilot Program

Office of the Federal Register (NARA) · Code of Federal Regulations (eCFR, Office of the Federal Register)
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united states, us regulation, us federal regulation, code of federal regulations, cfr, federal regulation, 7, 180, part 180, 7 cfr 180, 7 cfr part 180, agriculture, agricultural marketing service (standards, inspections, marketing practices), department of agriculture, miscellaneous marketing practices under the agricultural marketing act of 1946

PART 180—CATTLE CONTRACTS LIBRARY PILOT PROGRAM Authority: 7 U.S.C. 1621-1627 Source: 87 FR 74955, Dec. 7, 2021, unless otherwise noted. § 180.1 General administration. (a) Confidentiality. (1) The identity of persons, including parties to a contract; and (2) Proprietary business information. (b) Disclosure by Federal Government employees In general. (2) Exceptions. (i) To agents or employees of the Department of Agriculture in the course of their official duties under this part; (ii) As directed by the Secretary or the Attorney General, for enforcement purposes; or (iii) By a court of competent jurisdiction. (3) Disclosure under Freedom of Information Act. (c) Regional reporting. (d) Adjustments. (e) Reporting methods. (f) Verification. (g) Noncompliance. § 180.2 Definitions. The following definitions apply to this part. Active contract. Base price. Base price adjustment. Business day. Calendar month. Contract. Contract method. Current month. Discount. Fed cattle. Inactive contract. Packer. Person. Premium. Prior month. Producer. Secretary. Selling basis. Unique identifier. § 180.3 Cattle Contracts Library. (a) Initial contract information submission. (1) The contract method; (2) The contract start and end dates; and (3) All terms associated with: (i) Each base price source and adjustment; (ii) Selling basis; (iii) Premiums and discounts; (iv) Specifications relating to cattle attributes; (v) Delivery and transportation terms and payments; (vi) Financing, risk-sharing, profit-sharing or other financial arrangements; and, (vii) Volume provisions. (b) Reporting deadlines. (1) Packers must submit all contract terms in accordance § 108.4(a) for each new active contract for each producer or producers at each plant that it operates or at which it has cattle slaughtered; (2) Packers must submit any changes to the terms of a previously submitted active contract and associated schedules or appendices, including the unique identifier for the previously submitted contract it supersedes; and (3) Packers must submit information to remove inactive contracts from the library, including the unique identifier for the now inactive contract. § 180.4 Monthly cattle volume reporting. (a) Initial estimated volume submission. (b) Reporting deadlines. (1) Number of cattle purchased by each base price source under each active contract in the prior month reported by unique identifier and (2) Estimate of the total number of cattle to be purchased under active contracts for delivery to each plant for slaughter within the current calendar month.

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