113 STAT. 1188 Livestock Mandatory Reporting Act of 1999. PUBLIC LAW 106-78—OCT. 22, 1999 TITLE IX—LIVESTOCK MANDATORY REPORTING 7 USC 1635 note. SEC. 901. SHORT TITLE, This title may be cited as the "Livestock Mandatory Reporting Act of 1999". Subtitle A—Livestock Mandatory Reporting 7 USC 1635 note. SEC. 911. LIVESTOCK MANDATORY REPORTING. The Agricultural Marketing Act of 1946 (7 U.S.C. 1621 et seq.) is amended— (1) by inserting before section 202 (7 U.S.C. 1621) the following: 7 USC 1635. 7 USC 1635a. "Subtitle A—General Provisions"; and (2) by adding at the end the following: "Subtitle B—Livestock Mandatory Reporting "CHAPTER 1—PURPOSE; DEFINITIONS "SEC. 211. PURPOSE. "The purpose of this subtitle is to establish a program of information regarding the marketing of cattle, swine, lambs, and products of such livestock that— "(1) provides information that can be readily understood by producers, packers, and other market participants, including information with respect to the pricing, contracting for purchase, and supply and demand conditions for livestock, livestock production, and livestock products; "(2) improves the price and supply reporting services of the Department of Agriculture; and "(3) encourages competition in the marketplace for livestock and livestock products. "SEC. 212. DEFINITIONS. " In this subtitle: "(1) BASE PRICE. —The term TDase price' means the price paid for livestock, delivered at the packing plant, before application of any premiums or discounts, expressed in dollars per hundred pounds of carcass weight. "(2) BASIS LEVEL.— The term 'basis level' means the agreedon adjustment to a future price to establish the final price paid for livestock. "(3) CURRENT SLAUGHTER WEEK. —The term 'current slaughter week' means the period beginning Monday, and ending Sunday, of the week in which a reporting day occurs.
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