Terms of trade.

Terms of trade. The term terms of trade means, with respect to the purchase of steers and heifers for slaughter:
(1) Whether a packer provided any financing agreement or arrangement with regard to the steers and heifers;
(2) Whether the delivery terms specified the location of the producer or the location of the packer's plant;
(3) Whether the producer is able to unilaterally specify the date and time during the business day of the packer that the cattle are to be delivered for slaughter; and
(4) The percentage of steers and heifers purchased by a packer as a negotiated purchase that are scheduled to be delivered to the plant for slaughter not later than 14 days and the percentage of slaughter steers and heifers purchased by a packer as a negotiated purchase that are scheduled to be delivered to the plant for slaughter more than 14 days, but fewer than 30 days.

Source

7 CFR § 59.100


Scoping language

The following definitions apply to this subpart.

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