---
kind: "section"
citation: "7 C.F.R. § 180.3"
title: "7"
number: "180.3"
heading: "Cattle Contracts Library."
url: "https://uscodex.org/cfr/7/180.3"
---

# §180.3. Cattle Contracts Library.

- (a) **Initial contract information submission.** On January 6, 2023, each packer shall submit to the Secretary information for each active contract with a unique identifier. The information shall be submitted in accordance with [§ 180.1(e)](/cfr/7/180.1.md?p=e). The contract information required to be reported includes:
  - (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.** Within 1 business day of making a new contract available, making a change to an existing contract, or making a contract no longer available, each packer must submit the following:
  - (1) Packers must submit all contract terms in accordance [§ 108.4(a)](/cfr/7/108.4.md?p=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.

## Notes

### Authority

Authority: 7 U.S.C. 1621-1627

### Source

Source: 87 FR 74955, Dec. 7, 2021, unless otherwise noted.