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7 U.S. Code § 1635d

Definitions

7 U.S. Code § 1635d. Definitions

In this part:
(1) Cattle committed
The term “cattle committed” means cattle that are scheduled to be delivered to a packer within the 7-day period beginning on the date of an agreement to sell the cattle.
(2) Cattle typeThe term “cattle type” means the following types of cattle purchased for slaughter:
(A)
Fed steers.
(B)
Fed heifers.
(C)
Fed Holsteins and other fed dairy steers and heifers.
(D)
Cows.
(E)
Bulls.
(3) Formula marketing arrangement
The term “formula marketing arrangement” means the advance commitment of cattle for slaughter by any means other than through a negotiated purchase or a forward contract, using a method for calculating price in which the price is determined at a future date.
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