§ 1635j. Mandatory reporting for swine
(a)
Establishment
The Secretary shall establish a program of swine price information reporting that will—
(b)
General reporting provisions applicable to packers and the Secretary
(1)
In general
The Secretary shall establish and implement a price reporting program in accordance with this section that includes the reporting and publication of information required under this section.
(2)
Packer-owned swine
Information required under this section for packer-owned swine shall include quantity and carcass characteristics, but not price.
(3)
Packer-sold swine
If information regarding the type of purchase is required under this section, the information shall be reported according to the numbers and percentages of each type of purchase comprising—
(4)
Additional information
(A)
Review
The Secretary shall review the information required to be reported by packers under this section at least once every 2 years.
(B)
Outdated information
After public notice and an opportunity for comment, subject to subparagraph (C), the Secretary shall promulgate regulations that specify additional information that shall be reported under this section if the Secretary determines under the review under subparagraph (A) that—
(c)
Daily reporting; barrows and gilts
(1)
Prior day report
(A)
In general
The corporate officers or officially designated representatives of each packer processing plant that processes barrows or gilts shall report to the Secretary, for each business day of the packer, such information as the Secretary determines necessary and appropriate to—
(B)
Reporting deadline and plants required to report
A packer required to report under subparagraph (A) shall—
(i)
not later than 7:00 a.m. Central Time on each reporting day, report information regarding all barrows and gilts purchased or priced, and
(ii)
not later than 9:00 a.m. Central Time on each reporting day, report information regarding all barrows and gilts slaughtered,
during the prior business day of the packer.
(C)
Information required
The information from the prior business day of a packer required under this paragraph shall include—
(ii)
all slaughter data for the total number of barrows and gilts slaughtered, including—
(I)
information concerning the net price, which shall be equal to the total amount paid by a packer to a producer (including all premiums, less all discounts) per hundred pounds of carcass weight of barrows and gilts delivered at the plant—
(II)
information concerning the average net price, which shall be equal to the quotient (stated per hundred pounds of carcass weight of barrows and gilts) obtained by dividing—
(aa)
the total amount paid for the barrows and gilts slaughtered at a packing plant during the applicable reporting period, including all premiums and discounts, and including any sum deducted from the price per hundredweight paid to a producer that reflects the repayment of a balance owed by the producer to the packer, or the accumulation of a balance to later be repaid by the packer to the producer, less all discounts; by
(III)
information concerning the lowest net price, which shall be equal to the lowest net price paid for a single lot or a group of barrows or gilts slaughtered at a packing plant during the applicable reporting period per hundred pounds of carcass weight of barrows and gilts;
(IV)
information concerning the highest net price, which shall be equal to the highest net price paid for a single lot or group of barrows or gilts slaughtered at a packing plant during the applicable reporting period per hundred pounds of carcass weight of barrows and gilts;
(V)
the average carcass weight, which shall be equal to the quotient obtained by dividing—
(VI)
the average sort loss, which shall be equal to the average discount (in dollars per hundred pounds carcass weight) for barrows and gilts slaughtered during the applicable reporting period, resulting from the fact that the barrows and gilts did not fall within the individual packer’s established carcass weight or lot variation range;
(VII)
the average backfat, which shall be equal to the average of the backfat thickness (in inches) measured between the third and fourth from the last ribs, 7 centimeters from the carcass split (or adjusted from the individual packer’s measurement to that reference point using an adjustment made by the Secretary) of the barrows and gilts slaughtered during the applicable reporting period;
(VIII)
the average lean percentage, which shall be equal to the average percentage of the carcass weight comprised of lean meat for the barrows and gilts slaughtered during the applicable reporting period, except that when a packer is required to report the average lean percentage under this subclause, the packer shall make available to the Secretary the underlying data, applicable methodology and formulae, and supporting materials used to determine the average lean percentage, which the Secretary may convert to the carcass measurements or lean percentage of the barrows and gilts of the individual packer to correlate to a common percent lean measurement; and
(D)
Publication
(i)
In general
The Secretary shall publish the information obtained under this paragraph in a prior day report—
(I)
in the case of information regarding barrows and gilts purchased or priced, not later than 8:00 a.m. Central Time, and
(II)
in the case of information regarding barrows and gilts slaughtered, not later than 10:00 a.m. Central Time,
on the reporting day on which the information is received from the packer.
(ii)
Price distributions
The information published by the Secretary under clause (i) shall include a distribution of net prices in the range between and including the lowest net price and the highest net price reported. The publication shall include a delineation of the number of barrows and gilts at each reported price level or, at the option of the Secretary, the number of barrows and gilts within each of a series of reasonable price bands within the range of prices.
(2)
Morning report
(A)
In general
The corporate officers or officially designated representatives of each packer processing plant that processes barrows or gilts shall report to the Secretary not later than 10:00 a.m. Central Time each reporting day—
(i)
the packer’s best estimate of the total number of barrows and gilts, and barrows and gilts that qualify as packer-owned swine, expected to be purchased throughout the reporting day through each type of purchase;
(ii)
the total number of barrows and gilts, and barrows and gilts that qualify as packer-owned swine, purchased up to that time of the reporting day through each type of purchase;
(3)
Afternoon report
(A)
In general
The corporate officers or officially designated representatives of each packer processing plant that processes barrows or gilts shall report to the Secretary not later than 2:00 p.m. Central Time each reporting day—
(i)
the packer’s best estimate of the total number of barrows and gilts, and barrows and gilts that qualify as packer-owned swine, expected to be purchased throughout the reporting day through each type of purchase;
(ii)
the total number of barrows and gilts, and barrows and gilts that qualify as packer-owned swine, purchased up to that time of the reporting day through each type of purchase;
(d)
Daily reporting; sows and boars
(1)
Prior day report
The corporate officers or officially designated representatives of each packer of sows and boars shall report to the Secretary, for each business day of the packer, such information reported by hog class as the Secretary determines necessary and appropriate to—
(2)
Reporting
Not later than 9:30 a.m. Central Time, or such other time as the Secretary considers appropriate, on each reporting day, a packer required to report under paragraph (1) shall report information regarding all sows and boars purchased or priced during the prior business day of the packer.
(3)
Information required
The information from the prior business day of a packer required under this subsection shall include all purchase data, including—
(A)
the total number of sows purchased and the total number of boars purchased, each divided into at least three reasonable and meaningful weight classes specified by the Secretary;
(F)
the average price paid for sows in each weight class specified by the Secretary under subparagraph (A);
(G)
the average price paid for boars in each weight class specified by the Secretary under subparagraph (A);
(H)
the number of sows and the number of boars for which prices are determined, by each type of purchase;
(4)
Price calculations without packer-owned swine
A packer shall omit the prices of sows and boars that qualify as packer-owned swine from all average price calculations, price range calculations, and reports required by this subsection.
(5)
Reporting exception: public auction purchases
The information required to be reported under this subsection shall not include purchases of sows or boars made by agents of the reporting packer at a public auction at which the title of the sows and boars is transferred directly from the producer to such packer.
(e)
Weekly noncarcass merit premium report
(1)
In general
Not later than 4:00 p.m. Central Time on the first reporting day of each week, the corporate officers or officially designated representatives of each packer processing plant shall report to the Secretary a noncarcass merit premium report that lists—
(2)
Premium list
A packer shall maintain and make available to a producer, on request, a current listing of the dollar values (per hundred pounds of carcass weight) of each noncarcass merit premium used by the packer during the current or the prior slaughter week.