7 U.S. Code § 1635d - Definitions
The term “cattle committed” means cattle that are scheduled to be delivered to a packer within the 7-day period beginning on the date of an agreement to sell the cattle.
The term “formula marketing arrangement” means the advance commitment of cattle for slaughter by any means other than through a negotiated purchase or a forward contract, using a method for calculating price in which the price is determined at a future date.
The term “packer-owned cattle” means cattle that a packer owns for at least 14 days immediately before slaughter.
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