Page:United States Statutes at Large Volume 113 Part 2.djvu/171

 PUBLIC LAW 106-78 —OCT. 22, 1999 113 STAT. 1191 for slaughter more than 7 days, but fewer than 14 days, after the eariier of— "(i) the date on which the cattle were committed to the packer; or "(ii) the date on which the cattle were purchased by the packer. "(8) TYPE OF PURCHASE. —The term 'type of purchase', with respect to cattle, means— "(A) a negotiated purchase; "(B) a formula market arrangement; and "(C) a forward contract. "SEC. 222. MANDATORY REPORTING FOR LIVE CATTLE. 7 USC 1635e. "(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 des- Deadline, ignated 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—

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