§1635f Mandatory Packer Reporting of Boxed Beef Sales

Summary

Packer processing plants must report to the Secretary at least twice each reporting day — once before and once after 12:00 noon Central Time — the details of all boxed beef sales. Reports must list the price for each negotiated lot (agreed between seller and buyer) in dollars per hundredweight on an F.O.B. plant basis, the number of boxes in each lot, and key lot details: grade (USDA Choice or better, USDA Select, or ungraded no-roll product), the cut, and the trim specification. The Secretary must make that reported information available to the public at least twice each reporting day.