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7 U.S.C. § 198 — Definitions
Federal law — U.S. Code and appendices · legal_authorities
Except as provided in [section 198b(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section198b/a&num=0&edition=prelim), in this part:
(1) **Market** — The term “market” means the sale or disposition of swine, pork, or pork products in commerce.
(2) **Packer** — The term “packer” has the meaning given the term in [section 1635i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1635i&num=0&edition=prelim).
(3) **Pork** — The term “pork” means the meat of a porcine animal.
(4) **Pork product** — The term “pork product” means a product or byproduct produced or processed in whole or in part from pork.
(5) **State** — The term “State” means each of the 50 States.
(6) **Swine** — The term “swine” means a porcine animal raised to be a feeder pig, raised for seedstock, or raised for slaughter.
(7) **Type of contract** — The term “type of contract” means the classification of contracts or risk management agreements for the purchase of swine by—
(A) the mechanism used to determine the base price for swine committed to a packer, grouped into practicable classifications by the Secretary (including swine or pork market formula purchases, other market formula purchases, and other purchase arrangements); and
(B) the presence or absence of an accrual account or ledger that must be repaid by the producer or packer that receives the benefit of the contract pricing mechanism in relation to negotiated prices.
(8) **Other terms** — Except as provided in this part, a term has the meaning given the term in section 1635a or 1635i of this title.
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Stable record: federal_law:legal_authorities:record_usc_36a7b49c7a10206aef409bcf
Source file: Laws/federal/codes/united-states-code/title-7/section-198-definitions--4c487e911c.md
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Source location: Title 7, Chapter 9, § 198; chapter-009-packers-and-stockyards.md
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Except as provided in [section 198b(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section198b/a&num=0&edition=prelim), in this part:
(1) **Market** — The term “market” means the sale or disposition of swine, pork, or pork products in commerce.
(2) **Packer** — The term “packer” has the meaning given the term in [section 1635i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1635i&num=0&edition=prelim).
(3) **Pork** — The term “pork” means the meat of a porcine animal.
(4) **Pork product** — The term “pork product” means a product or byproduct produced or processed in whole or in part from pork.
(5) **State** — The term “State” means each of the 50 States.
(6) **Swine** — The term “swine” means a porcine animal raised to be a feeder pig, raised for seedstock, or raised for slaughter.
(7) **Type of contract** — The term “type of contract” means the classification of contracts or risk management agreements for the purchase of swine by—
(A) the mechanism used to determine the base price for swine committed to a packer, grouped into practicable classifications by the Secretary (including swine or pork market formula purchases, other market formula purchases, and other purchase arrangements); and
(B) the presence or absence of an accrual account or ledger that must be repaid by the producer or packer that receives the benefit of the contract pricing mechanism in relation to negotiated prices.
(8) **Other terms** — Except as provided in this part, a term has the meaning given the term in section 1635a or 1635i of this title.
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Federal law — U.S. Code and appendices · legal_authorities
In this part:
(1) **Affiliate** — The term “affiliate”, with respect to a packer, means—
(A) 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;
(B) 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
(C) a person that directly or indirectly controls, or is controlled by or under common control with, the packer.
(2) **Applicable reporting period** — The term “applicable reporting period” means the period of time prescribed by the prior day report, the morning report, and the afternoon report, as required under [section 1635j(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1635j/c&num=0&edition=prelim).
(3) **Barrow** — The term “barrow” means a neutered male swine.
(4) **Base market hog** — The term “base market hog” means a barrow or gilt for which no discounts are subtracted from and no premiums are added to the base price.
(5) **Boar** — The term “boar” means a sexually-intact male swine.
(6) **Formula price** — The term “formula price” means a price determined by a mathematical formula under which the price established for a specified market serves as the basis for the formula.
(7) **Gilt** — The term “gilt” means a young female swine that has not produced a litter.
(8) **Hog class** — The term “hog class” means, as applicable—
(A) barrows or gilts;
(B) sows; or
(C) boars or stags.
(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
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1635i
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Federal law — U.S. Code and appendices · legal_authorities
The purpose of this subchapter is to establish a program of information regarding the marketing of cattle, swine, lambs, and products of such livestock that—
(1) provides information that can be readily understood by producers, packers, and other market participants, including information with respect to the pricing, contracting for purchase, and supply and demand conditions for livestock, livestock production, and livestock products;
(2) improves the price and supply reporting services of the Department of Agriculture; and
(3) encourages competition in the marketplace for livestock and livestock products.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1635
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Federal law — U.S. Code and appendices · legal_authorities
Page 338
TITLE 7—AGRICULTURE
§ 198
§ 198. Definitions
Except as provided in section 198b(a) of this
title, in this part:
(1) Market
The term ‘‘market’’ means the sale or dis-
position of swine, pork, or pork products in
commerce.
(2) Packer
The term ‘‘packer’’ has the meaning given
the term in section 1635i of this title.
(3) Pork
The term ‘‘pork’’ means the meat of a por-
cine animal.
(4) Pork product
The term ‘‘pork product’’ means a product
or byproduct produced or processed in whole
or in part from pork.
(5) State
The term ‘‘State’’ means each of the 50
States.
(6) Swine
The term ‘‘swine’’ means a porcine animal
raised to be a feeder pig, raised for seedstock,
or raised for slaughter.
(7) Type of contract
The term ‘‘type of contract’’ means the clas-
sification of contracts or risk management
agreements for the purchase of swine by—
(A) the mechanism used to determine the
base price for swine committed to a packer,
grouped into practicable classifications by
the Secretary (including swine or pork mar-
ket formula purchases, other market for-
mula purchases, and other purchase arrange-
ments); and
(B) the presence or absence of an accrual
account or ledger that must be repaid by the
producer or packer that receives the benefit
of the contract pricing mechanism in rela-
tion to negotiated prices.
(8) Other terms
Except as provided in this part, a term has
the meaning given the term in section 1635a or
1635i of this title.
(Aug. 15, 1921, ch. 64, title II, § 221, as added Pub.
L. 106–78, title IX, § 934(2), Oct. 22, 1999, 113 Stat.
1208.)
TERMINATION OF SECTION
For termination of section by section 942 of
Pub. L. 106–78, see Livestock Mandatory Re-
porting note set out under section 1635 of this
title.
Statutory Notes and Relat
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 198
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.