Definitions.

CFR · 2024-01-01 · US · Title 7

The following definitions apply to this subpart. (1) A person that directly or indirectly owns, controls, or holds with power to vote, 5 percent or more of the outstanding voting securities of the packer; (2) A person 5 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the packer; and (3) A person that directly or indirectly controls, or is controlled by or under common control with, the packer. (1) The formula is determined by negotiation on a lot-by-lot basis; and (2) 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. (1) Barrow/gilt; (2) Sow; (3) Boar. (1) Hog class; (2) Type of purchase; and (3) Packer-owned swine. (1) Hog class; (2) Type of purchase; and (3) Packer-owned swine. (1) A negotiated purchase; (2) Other market formula purchase; (3) A swine or pork market formula purchase; (4) Other purchase arrangement; and (5) A negotiated formula purchase.

official document · source cfr-2024 · id 7:§ 59.200