Federal · Title 7 — Agriculture
7 U.S.C. § 1635e: Mandatory reporting for live cattle
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provide timely, accurate, and reliable market information; facilitate more informed marketing decisions; and promote competition in the cattle slaughtering industry. the prices or quantities, as applicable, of the cattle purchased in the domestic market; and the prices or quantities, as applicable, of imported cattle. Information required under this section for packer-owned cattle shall include quantity and carcass characteristics, but not price. type of purchase; the quantity of cattle purchased on a live weight basis; the quantity of cattle purchased on a dressed weight basis; a range of the estimated live weights of the cattle purchased; an estimate of the percentage of the cattle purchased that were of a quality grade of choice or better; and weight, grade, or yield; or any type of purchase. type of purchase; the quantity of cattle delivered on a live weight basis; and the quantity of cattle delivered on a dressed weight basis. type of purchase; the quantity of cattle committed on a live weight basis; and the quantity of cattle committed on a dressed weight basis. The terms of trade regarding the cattle, as applicable. The Secretary shall make the information available to the public not less frequently than three times each reporting day. The quantity of cattle purchased through a forward contract that were slaughtered. The quantity of cattle delivered under a formula marketing arrangement that were slaughtered. The quantity and carcass characteristics of packer-owned cattle that were slaughtered. The quantity, basis level, and delivery month for all cattle purchased through forward contracts that were agreed to by the parties. The range and average of intended premiums and discounts that are expected to be in effect for the current slaughter week. The quantity (quoted in both numbers of head and hundredweights) of cattle. The weighted average price paid for a carcass, including applicable premiums and discounts. The range of premiums and discounts paid. The weighted average of premiums and discounts paid. The range of prices paid. The aggregate weighted average price paid for a carcass. The terms of trade regarding the cattle, as applicable. 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. 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. 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).
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