§ 180.3 Cattle Contracts Library.

(a) Initial contract information submission. On January 6, 2023, each packer shall submit to the Secretary information for each active contract with a unique identifier. The information shall be submitted in accordance with § 180.1(e). The contract information required to be reported includes: (1) The contract method; (2) The contract start and end dates; and (3) All terms associated with: (i) Each base price source and adjustment; (ii) Selling basis; (iii) Premiums and discounts; (iv) Specifications relating to cattle attributes; (v) Delivery and transportation terms and payments; (vi) Financing, risk-sharing, profit-sharing or other financial arrangements; and, (vii) Volume provisions. (b) Reporting deadlines. Within 1 business day of making a new contract available, making a change to an existing contract, or making a contract no longer available, each packer must submit the following: (1) Packers must submit all contract terms in accordance § 108.4(a) for each new active contract for each producer or producers at each plant that it operates or at which it has cattle slaughtered; (2) Packers must submit any changes to the terms of a previously submitted active contract and associated schedules or appendices, including the unique identifier for the previously submitted contract it supersedes; and (3) Packers must submit information to remove inactive contracts from the library, including the unique identifier for the now inactive contract.