Docket Number: AMS-LP-22-0065
Effective Date: January 6, 2023
Summary
This rule establishes the Cattle Contracts Library pilot program. Under this pilot program, the Agricultural Marketing Service will collect, maintain, and report aggregated information on contracts between packers and cattle producers for the purchase of fed cattle. The library will include different types of contracts and contract terms, including contract terms on any schedules of premiums or discounts, delivery and transportation, terms and payments, financing, risk-sharing or profit sharing, and other financial arrangements. In addition to contract term information, the Agricultural Marketing Service will also report on the number of head of cattle purchased under these contracts
Contact
Michael E. Sheats, Director, Livestock, Poultry, and Grain Market News Division, AMS, USDA; phone: 202-690- 3145 or email: Michael.Sheats@usda.gov
Supporting Documents