7 USC 198 – Definitions
Except as provided in section 198b(a) of this title, 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.
(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.
Terms Used In 7 USC 198
- commerce: means commerce between any State, Territory, or possession, or the District of Columbia, and any place outside thereof. See 7 USC 182
- Contract: A legal written agreement that becomes binding when signed.
- packer: means any person engaged in the business (a) of buying livestock in commerce for purposes of slaughter, or (b) of manufacturing or preparing meats or meat food products for sale or shipment in commerce, or (c) of marketing meats, meat food products, or livestock products in an unmanufactured form acting as a wholesale broker, dealer, or distributor in commerce. See 7 USC 191
- Secretary: means the Secretary of Agriculture. See 7 USC 182