Cattle Contracts Library.

CFR · 2024-01-01 · US · Title 7

(a) (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) (1) Packers must submit all contract terms in accordance § 108.4(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 (3) Packers must submit information to remove inactive contracts from the library, including the unique identifier for the now inactive contract.

official document · source cfr-2024 · id 7:§ 180.3