,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dfdg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bb1         
#bjbj,mrs4 ,fis*] introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,agriculture1 ,nutrition1 
& ,=e/ry  ,a ,,bill  ,to am5d ! ,pack]s 
& ,/ocky>ds ,act1 #aiba1 to e/abli% a   
cattle contract libr>y1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,cattle ,m>ket ,transp>5cy 
,act ( #bjbj4  #b4 ,cattle contract     
libr>y ,title ,,ii ( ! ,pack]s &        
,/ocky>ds ,act1 #aiba1 is am5d$ by      
ins]t+ aft] section #bbc 7#g ,u4,s4,c4  
#aih;b7 ! foll[+3  ,c ,cattle contracts 
#bca4 ,def9itions ,9 ?is subtitle3 7#a7 
,base price ,! t]m base price means !   
price paid = cattle deliv]$ to a pack]1 
be=e application ( any premiums or      
disc\nts1 express$ 9 doll>s p] hundr$   
p\nds ( c>cass weight4  7#b7 ,contract  
7,a7 ,9 g5]al ,subject to subp>agraph   
7,b71 ! t]m contract means any agreem5t1
 writt5 or oral1 betwe5 a pack] & a     

produc] = ! pur*ase ( f$ cattle =       
slaught]4  7,b7 ,exclusion ,! t]m       
contract does n include a contract = a  
negotiat$ pur*ase4  7#c7 ,f$ cattle ,!  
t]m f$ cattle means a /e] or heif] t has
 be5 f9i%$ on a ration ( r\ghage & fe$  
conc5trates1 su* z gra9s1 prote9 meal1  
grass 7=age71 & o!r nutri5t-ri* fe$s1   
prior to slaught]4  7#d7 ,=mula m>ket+  
arrangem5t ,! t]m =mula m>ket+          
arrangem5t means ! advance commitm5t (  
cattle = slaught]-- 7,a7 by any means   
o!r ?an ?r\gh a negotiat$ pur*ase1      
negotiat$ grid pur*ase1 or =w>d         
contract2 &  7,b7 us+ a me?od =         
calculat+ price-- 7i7 "u :i* ! price is 
det]m9$ at a future date2  7ii7 ! basis 
( :i* is a price e/abli%$ = a specifi$  
m>ket1 :i* may be bas$ on any publicly  
report$ price1 includ+ plant av]age     
price1 regional price1 d[n/ream price1  
or "s o!r mutually agreeable price      
s\rce2 &  7iii7 t may include a grid or 
nongrid price4  7#e7 ,=w>d contract ,!  
t]m =w>d contract means-- 7,a7 an       

agreem5t = ! pur*ase ( f$ cattle1       
execut$ 9 advance ( slaught]1 "u :i* !  
base price is e/abli%$ by ref]5ce to--  
7i7 prices quot$ on ! ,*icago ,m]cantile
 ,ex*ange2 or  7ii7 o!r comp>able       
publicly available prices2 or  7,b7 any 
o!r contract = ! pur*ase ( f$ cattle1   
execut$ 9 advance ( slaught]1 z det]m9$ 
by ! ,secret>y4  7#f7 ,heif] ,! t]m     
heif] means a bov9e female t has n giv5 
bir? to a calf4  7#g7 ,negotiat$ grid   
pur*ase ,! t]m negotiat$ grid pur*ase   
means a pur*ase ( f$ cattle by a pack] f
 a produc] "u :i*-- 7,a7 ! buy]-sell]   
int]action results 9 a negotiat$ base   
price1 :i* may be adju/$ by premiums &  
disc\nts2 &  7,b7 ! cattle are s*$ul$ = 
deliv]y to ! pack] n m ?an #ad days aft]
 ! date on :i* ! agreem5t = pur*ase is  
made4  7#h7 ,negotiat$ pur*ase ,! t]m   
negotiat$ pur*ase means a pur*ase ( f$  
cattle 7commonly kn[n z a ca% or spot   
m>ket pur*ase7 by a pack] f a produc] "u
 :i*-- 7,a7 ! buy]-sell] int]action t   
results 9 ! pur*ase & ! agreem5t on !   

actual base price = ! pur*ase occur on !
 same day2 &  7,b7 ! cattle are s*$ul$ =
 deliv]y to ! pack] n m ?an #cj days    
aft] ! date on :i* ! agreem5t = pur*ase 
is made4  7#i7 ,pack] ,! t]m pack]1 )   
respect to a contract1 means a pack] t  
slaught]s cattle at #a or m f$]ally     
inspect$ process+ plants1 ea* ( :i*--   
7,a7 slaught]s an av]age ( n less ?an   
#abe1jjj head ( cattle p] ye> dur+ ! #e 
cal5d> ye>s imm$iately prec$+ ! date on 
:i* ! contract is execut$2 or  7,b7 has 
n slaught]$ cattle dur+ ^? imm$iately   
prec$+ #e cal5d> ye>s b has ! capacity  
to slaught] n less ?an #abe1jjj head (  
cattle p] ye>1 z det]m9$ by ! ,secret>y4
  7#aj7 ,produc] ,! t]m produc] means a 
p]son engag$1 directly or ?r\gh an      
int]m$i>y1 9 ! bus9ess ( sell+ cattle to
 a pack] = slaught]4  7#aa7 ,/e] ,! t]m 
/e] means a bov9e male ca/rat$ be=e     
rea*+ sexual maturity4  7#ab7 ,type (   
contract  7,a7 ,9 g5]al ,! t]m type (   
contract means ! classification ( a     
contract = ! pur*ase ( cattle-- 7i7 into

 #a ( ! categories describ$ 9           
subp>agraph 7,b72 &  7ii7 by det]m9+ !  
base price ( ! cattle4  7,b7 ,categories
 ,! categories = classification ( a type
 ( contract are ! foll[+3 7i7 ,=mula    
m>ket+ arrangem5t4  7ii7 ,=w>d contract4
  7iii7 ,negotiat$ grid pur*ase         
contract4  #bcb4 ,cattle contract libr>y
  7a7 ,9 g5]al ,subject to !            
availability ( appropriations to c>ry   
out ?is section1 ! ,secret>y %all       
e/abli% & ma9ta9 a libr>y or catalog (  
ea* type ( contract (f]$ by pack]s to   
produc]s = ! pur*ase ( all or "p ( !    
production ( ! produc]s ( f$ cattle     
7includ+ cattle t are pur*as$ or        
committ$ = deliv]y71 includ+ any s*$ules
 ( premiums or disc\nts associat$ ) !   
contract4  7b7 ,in=mation collection    
7#a7 ,9 g5]al ,to ma9ta9 ! libr>y or    
catalog e/abli%$ "u subsection 7a71 !   
,secret>y %all obta9 in=mation f ea*    
pack] on ea* type ( exi/+ contract ( !  
pack] by requir+ a fil+ or o!r =m (     
in=mation submission f ea* pack]4  7#b7 

,contract$ cattle numb]s ,in=mation t   
%all be submitt$ to ! ,secret>y by a    
pack] "u p>agraph 7#a7 %all include1 )  
respect to ea* exi/+ contract ( a       
pack]-- 7,a7 ! type ( contract2 &  7,b7 
a description ( ! provisions 9 !        
contract t provide = expansion 9 !      
numb]s ( f$ cattle to be deliv]$ "u !   
contract = ! #f-mon? & #ab-mon? p]iods  
foll[+ ! date ( ! contract4  7c7        
,availability ( in=mation  7#a7 ,9 g5]al
 ,! ,secret>y %all make available to    
produc]s & o!r int]e/$ p]sons in=mation 
on ! types ( contracts 9 ! libr>y or    
catalog e/abli%$ "u subsection 7a71     
includ+ notice 7on a real-"t basis1 if  
practicable7 ( ! types ( contracts t are
 be+ (f]$ by pack]s to1 & are op5 to    
acceptance by1 produc]s = ! pur*ase ( f$
 cattle4  7#b7 ,mon?ly report  7,a7 ,9  
g5]al ,beg9n+ #cj days aft] ! libr>y or 
catalog is e/abli%$ "u subsection 7a71 !
 ,secret>y %all make ! in=mation obta9$ 
ea* mon? 9 ! libr>y or catalog available
 9 a mon?ly report to produc]s & o!r    

int]e/$ p]sons4  7,b7 ,cont5ts ,! mon?ly
 report describ$ 9 subp>agraph 7,a7 %all
 include-- 7i7 an e/imate by ! ,secret>y
 ( ! total numb] ( f$ cattle committ$ "u
 contracts = deliv]y to pack]s )9 !     
#f-mon? & #ab-mon? p]iods foll[+ ! date 
( ! report1 organiz$ by report+ region &
 type ( contract2 &  7ii7 an e/imate by 
! ,secret>y ( ! total maximum numb] ( f$
 cattle t may be deliv]$ )9 ! #f-mon? & 
#ab-mon? p]iods foll[+ ! date ( !       
report1 bas$ on ! provisions describ$ 9 
subsection 7c77#b77;,b7 9 exi/+         
contracts1 organiz$ by report+ region & 
type ( contract4  7d7 ,ma9t5ance (      
libr>y or catalog ,in=mation 9 ! libr>y 
or catalog e/abli%$ "u subsection 7a7   
ab\t types ( contracts t are no long]   
(f]$ or 9 use %all be remov$ f ! libr>y 
or catalog4  7e7 ,confid5tiality ,!     
report+ requirem5ts = pack]s "u ?is     
section %all be subject to !            
confid5tiality protections provid$ "u   
section #bea ( ! ,agricultural ,m>ket+  
,act ( #aidf 7#g ,u4,s4,c4 #afcf74  7f7 

,violations ,x %all be unlawful & a     
violation ( ?is ,act = any pack] to     
willfully fail or refuse-- 7#a7 to      
provide to ! ,secret>y accurate         
in=mation requir$ "u ?is section2 or    
7#b7 to comply ) any o!r requirem5t (   
?is section4  7g7 ,au?orization (       
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,secret>y su* sums z   
are necess>y to c>ry out ?is section4  4
  #c4 ,ca% m>ket acquisition ( cattle   
,title ,,ii ( ! ,pack]s & ,/ocky>ds     
,act1 #aiba 7#g ,u4,s4,c4 #aia et seq47 
7z am5d$ by section #b71 is am5d$ by    
add+ at ! end ! foll[+3  ,d ,ca% m>ket  
acquisition ( cattle  #bda4 ,def9itions 
,9 ?is subtitle3 7#a7 ,negotiat$ grid   
pur*ase ,! t]m negotiat$ grid pur*ase   
means a pur*ase ( cattle by a pack] f a 
produc] "u :i*-- 7,a7 ! buy]-sell]      
int]action results 9 a negotiat$ base   
price1 :i* may be adju/$ by premiums &  
disc\nts2 &  7,b7 ! cattle are s*$ul$ = 
deliv]y to ! pack] n m ?an #ad days aft]
 ! date on :i* ! agreem5t = pur*ase is  

made4  7#b7 ,negotiat$ pur*ase ,! t]m   
negotiat$ pur*ase means a pur*ase (     
cattle 7commonly kn[n z a ca% or spot   
m>ket pur*ase7 by a pack] f a produc] "u
 :i*-- 7,a7 ! buy]-sell] int]action t   
results 9 ! pur*ase & ! agreem5t on !   
actual base price = ! pur*ase occur on !
 same day2 &  7,b7 ! cattle are s*$ul$ =
 deliv]y to ! pack] n m ?an #cj days    
aft] ! date on :i* ! agreem5t = pur*ase 
is made4  7#c7 ,pack] ,! t]m pack] does 
n include a pack] t owns only #a        
live/ock process+ plant4  7#d7 ,produc] 
,! t]m produc] has ! mean+ giv5 ! t]m 9 
section #bab ( ! ,agricultural ,m>ket+  
,act ( #aidf 7#g ,u4,s4,c4 #afce;a74    
7#e7 ,regional m&atory m9imum ,! t]m    
regional m&atory m9imum means1 = ea*    
report+ region 7z designat$ by !        
,agricultural ,m>ket+ ,s]vice71 ( !     
quantity ( cattle pur*as$ = slaught] by 
a pack] 9 t region ea* slaught] week1 ! 
m9imum p]c5tage ( su* cattle t is       
requir$ to be pur*as$ ?r\gh negotiat$   
pur*ases or negotiat$ grid pur*ases f   

produc]s4  7#f7 ,slaught] week ,! t]m   
slaught] week has ! mean+ giv5 ! t]m    
curr5t slaught] week 9 section #bab ( ! 
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;a74  #bdb4 ,regional    
m&atory m9imums  7a7 ,9 g5]al ,n lat]   
?an #a ye> aft] ! date ( enactm5t ( ?is 
subtitle1 ! ,secret>y %all e/abli%      
regional m&atory m9imums = ! purpose (  
enhanc+ price discov]y & transp>5cy =   
cattle m>ket p>ticipants4  7b7 ,public  
input ,9 c>ry+ out subsection 7a71 !    
,secret>y %all make ea* propos$ regional
 m&atory m9imum subject to a notice &   
comm5t p]iod4  7c7 ,consid]ations ,9    
c>ry+ out subsection 7a7 = ea* report+  
region1 ! ,secret>y %all consid] !      
foll[+ factors3 7#a7 ,! numb] ( pack]s 9
 ! report+ region4  7#b7 ,! availability
 ( cattle 9 ! report+ region4  7#c7     
,pre-exi/+ contractual arrangem5ts (    
pack]s 9 ! report+ region4  7d7         
,en=cem5t ,on e/abli%+ regional m&atory 
m9imums "u subsection 7a71 ! ,secret>y  
%all-- 7#a7 regul>ly monitor compliance 

by pack]s ) ^? regional m&atory m9imums2
 &  7#b7 en=ce ?is section 9 accordance 
) section #bjc4  4  #d4 #ad-;day cattle 
slaught]  7a7 ,def9ition ( cattle       
committ$ ,section #bba7a7 ( !           
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;d7#a77 is am5d$ by /rik+
 #g-;day & ins]t+ #ad-;day4  7b7 ,daily 
report+ ,section #bbb7;c77#a7 ( !       
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;e7c77#a77 is am5d$ by   
add+ at ! end ! foll[+3  7,e7 ,pack]    
pur*ase commitm5ts1 :i* %all be equal to
 ! numb] ( cattle1 organiz$ by cattle   
type1 s*$ul$ = deliv]y to a pack] =     
slaught] = ea* ( ! next #ad cal5d> days4
  4  #e4 ,public availability (         
in=mation ,section #bea7;a7 ( !         
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afcf7;a77 is am5d$-- 7#a7 by 
r$esignat+ p>agraphs 7#a7 & 7#b7 z      
subp>agraphs 7,a7 & 7,b71 respectively1 
& ind5t+ appropriately2  7#b7 9 ! matt] 
prec$+ subp>agraph 7,a7 7z s            
r$esignat$71 by /rik+ ,! ,secret>y %all 

make available to ! public in=mation &  
ins]t+ ! foll[+3  7#a7 ,9 g5]al ,!      
,secret>y %all make available to !      
public all in=mation  2 &  7#c7 by add+ 
at ! end ! foll[+3  7#b7 ,effect ,no?+ 9
 ?is section p]mits ! ,secret>y1 or any 
(fic] or employee ( ! ,secret>y1 to     
)hold f ! public ! in=mation1 /ati/ics1 
& docum5ts describ$ 9 p>agraph 7#a74  4