US Codex
Pub. L.
Notes

Title I — Mandatory Price Reporting

114th Congress · Approved Sep 30, 2015 · 129 Stat. 513

TITLE I Mandatory Price Reporting

SEC. 101. Extension of Livestock Mandatory Reporting.

(a)
Extension of Authority.— Section 260 of the Agricultural Marketing Act of 1946 (7 U.S.C. 1636i) is amended by striking “ September 30, 2015” and inserting “ September 30, 2020”.
(b)
Conforming Amendment.— Section 942 of the Livestock Mandatory Reporting Act of 1999 (7 U.S.C. 1635 note; Public Law 106–78) is amended by striking “ September 30, 2015” and inserting “ September 30, 2020”.

SEC. 102. Swine Reporting.

(a)
Definitions.— Section 231 of the Agricultural Marketing Act of 1946 (7 U.S.C. 1635i) is amended—
(1)
by redesignating paragraphs (9) through (22) as paragraphs (10) through (23), respectively;
(2)
by inserting after paragraph (8) the following:

“(9) Negotiated formula purchase.—The term ‘negotiated formula purchase’ means a swine or pork market formula purchase under which—

“(A) the formula is determined by negotiation on a lot-by-lot basis; and

“(B) the swine are scheduled for delivery to the packer not later than 14 days after the date on which the formula is negotiated and swine are committed to the packer.”

(3)
in paragraph (12)(A) (as so redesignated), by inserting “ negotiated formula purchase,” after “ pork market formula purchase,”; and
(4)
in paragraph (23) (as so redesignated)—
(A)
in subparagraph (C), by striking “ and” at the end;
(B)
by redesignating subparagraph (D) as subparagraph (E); and
(C)
by inserting after subparagraph (C) the following:

“(D) a negotiated formula purchase; and”

(b)
Daily Reporting.— Section 232(c) of the Agricultural Marketing Act of 1946 (7 U.S.C. 1635j(c)) is amended—
(1)
in paragraph (1)(D), by striking clause (ii) and inserting the following:

“(ii) Price distributions.—The information published by the Secretary under clause (i) shall include—

“(I) a distribution of net prices in the range between and including the lowest net price and the highest net price reported;

“(II) a delineation of the number of barrows and gilts at each reported price level or, at the option of the Secretary, the number of barrows and gilts within each of a series of reasonable price bands within the range of prices; and

“(III) the total number and weighted average price of barrows and gilts purchased through negotiated purchases and negotiated formula purchases.”

; and

(2)
in paragraph (3), by adding at the end the following:

“(C) Late in the day report information.—The Secretary shall include in the morning report and the afternoon report for the following day any information required to be reported under subparagraph (A) that is obtained after the time of the reporting day specified in that subparagraph.”

SEC. 103. Lamb Reporting.

Not later than 180 days after the date of enactment of this Act, the Secretary of Agriculture shall revise section 59.300 of title 7, Code of Federal Regulations, so that—
(1)
the definition of the term “importer”—
(A)
includes only those importers that imported an average of 1,000 metric tons of lamb meat products per year during the immediately preceding 4 calendar years; and
(B)
may include any person that does not meet the requirement referred to in subparagraph (A), if the Secretary determines that the person should be considered an importer based on their volume of lamb imports; and
(2)
the definition of the term “packer”—
(A)
applies to any entity with 50 percent or more ownership in a facility;
(B)
includes a federally inspected lamb processing plant which slaughtered or processed the equivalent of an average of 35,000 head of lambs per year during the immediately preceding 5 calendar years; and
(C)
may include any other lamb processing plant that does not meet the requirement referred to in subparagraph (B), if the Secretary determines that the processing plant should be considered a packer after considering the capacity of the processing plant.

SEC. 104. Study on Livestock Mandatory Reporting.

(a)
Study Required.—
(1)
In general.— The Secretary of Agriculture, acting through the Agricultural Marketing Service in conjunction with the Office of the Chief Economist and in consultation with cattle, swine, and lamb producers, packers, and other market participants, shall conduct a study on the program of information regarding the marketing of cattle, swine, lambs, and products of such livestock under subtitle B of the Agricultural Marketing Act of 1946 (7 U.S.C. 1635 et seq.).
(2)
Requirements.— The study shall—
(A)
analyze current marketing practices in the cattle, swine, and lamb markets;
(B)
identify legislative or regulatory recommendations made by cattle, swine, and lamb producers, packers, and other market participants to ensure that information provided under the program—
(i)
can be readily understood by producers, packers, and other market participants;
(ii)
reflects current marketing practices; and
(iii)
is relevant and useful to producers, packers, and other market participants;
(C)
analyze the price and supply information reporting services of the Department of Agriculture related to cattle, swine, and lamb; and
(D)
address any other issues that the Secretary considers appropriate.
(b)
Report.— Not later than March 1, 2018, the Secretary of Agriculture 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 containing the findings of the study conducted under subsection (a).