Page:United States Statutes at Large Volume 105 Part 2.djvu/892

 105 STAT. 1844 PUBLIC LAW 102-237—DEC. 13, 1991 103B(e)(3), and 101B(e)(3) of the Agricultural Act of 1949 (7 U.S.C. 1445b-3a(e)(3), 1444f[e)(3), 1444-2(e)(3), and 1441-2(e)(3)), respectively. SEC. 122. TRANSFER OF PEANUT QUOTA UNDERMARKETINGS. Section 358b(a) of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1358b(a)) is amended— (1) in paragraph (1)— (A) by inserting "(including any applicable under marketings)" after "any part of the poundage quota"; and (B) by inserting "(including any applicable under marketings)" after "any such lease of poundage quota"; (2) in the first sentence of paragraph (2), by striking "for the farm" and inserting "(including any applicable under marketings)"; and (3) in paragraph (3), by inserting after "farm poundage quota" the following: '(including any applicable undermarketings)". SEC. 123. COTTON FUTURES CONTRACTS. Subsection (c)(1) of the United States Cotton Futures Act (7 U.S.C. 15b(c)(l)) is amended by inserting before the period at the end the following: ", except that any cotton futures contract that, by its terms, is settled in cash is excluded from the coverage of this paragraph and Act". 7 USC 1622 note. SEC. 124. LAMB PRICE AND SUPPLY REPORTING SERVICES REPORT AND SYSTEM. (a) REPORT. —Not later than 90 days after the date of enactment of this Act, the Secretary of Agriculture shall submit a report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate on measures that are necessary to improve the lamb price and supply reporting services of the Department of Agriculture, including recommendations to establish a complete information gathering system that reflects the market structure of the national lamb industry. In preparing the report, the Secretary shall examine measures to improve information on— (1) price reporting series of wholesale, retail, box, carcass, pelt, offal, and live lamb sales in the United States, including markets in— (A) California (including San Francisco); (B) the East Coast region (including Washington, D.C.); (C) the Midwest region (including Chicago, Illinois); (D) Texas; (E) the Rocky Mountain region; and (F) Florida; (2) sheep and lamb inventories, including on-feed reports; (3) the price and supply relationships between retailers and breakers; (4) the viability of voluntary or mandatory reporting for sheep prices; and (5) information on the import and export of sheep, analyzed by cut, carcass, box, breeder stock, and sex. (b) PRICE DISCOVERY AND REPORTING SYSTEM. — (1) SYSTEM REQUIRED. —Based on the report required under subsection (a), the Secretary shall— (A) develop a price discovery system formula for the lamb market, such as carcass equivalent pricing; and

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