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7 U.S. Code § 1635j

Mandatory reporting for swine

7 U.S. Code § 1635j. Mandatory reporting for swine

(a) EstablishmentThe Secretary shall establish a program of swine price information reporting that will—
(1)
provide timely, accurate, and reliable market information;
(2)
facilitate more informed marketing decisions; and
(3)
promote competition in the swine slaughtering industry.
(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 swineIf 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—
(A)
packer-sold swine; and
(B)
all other swine.
(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(B) Outdated informationAfter public notice and an opportunity for comment, subject to subparagraph (C), the Secretary shall promulgate regulations that specify additional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—
(i)
information that is currently required no longer accurately reflects the methods by which swine are valued and priced by packers; or
(ii)
packers that slaughter a significant majority of the swine produced in the United States no longer use backfat or lean percentage factors as indicators of price.
(C) LimitationUnder subparagraph (B), the Secretary may not require packers to provide any new or additional information that—
(i)
is not generally available or maintained by packers; or
(ii)
would be otherwise unduly burdensome to provide.
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