§198 — Title 7 Agriculture | U.S. Code

Summary

Defines key words used in this part, except as allowed in section 198b(a). Market — the selling or transfer of pigs, pork, or pork products in trade. Packer — the meaning given in section 1635i. Pork — meat from a pig. Pork product — any product or byproduct made from pork. State — one of the 50 States. Swine — pigs raised for feeding, breeding, or slaughter. Type of contract — how swine purchase agreements are grouped based on the way the base price is set (for example, market formulas or other arrangements) and whether an accrual account or ledger must be repaid. Other terms — use the meanings in sections 1635a or 1635i.

Title 7, §198

Agriculture — Source: USLM XML via OLRC

Except as provided in section 198b(a) of this title, in this part:

(1)The term “market” means the sale or disposition of swine, pork, or pork products in commerce.

(2)The term “packer” has the meaning given the term in section 1635i of this title.

(3)The term “pork” means the meat of a porcine animal.

(4)The term “pork product” means a product or byproduct produced or processed in whole or in part from pork.

(5)The term “State” means each of the 50 States.

(6)The term “swine” means a porcine animal raised to be a feeder pig, raised for seedstock, or raised for slaughter.

(7)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)Except as provided in this part, a term has the meaning given the term in section 1635a or 1635i of this title.

Notes & Related Subsidiaries

Termination of SectionFor termination of section by section 942 of Pub. L. 106–78, see Livestock Mandatory Reporting note set out under section 1635 of this title.

Statutory Notes and Related Subsidiaries

Termination Date Section to terminate Mar. 14, 2025, see section 942 of Pub. L. 106–78, set out in a Livestock Mandatory Reporting note under section 1635 of this title.

§198 Definitions

Summary

Title 7, §198

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Citations & Metadata