7 U.S.C. § 1635

Purpose

The purpose of this subchapter is to establish a program of information regarding the marketing of cattle, swine, lambs, and products of such livestock that—

“This title [enacting sections 198 to 198b and 1635 to 1636h of this title and this note, amending sections 192 and 5712 of this title, repealing section 229a of this title , and amending provisions set out as a note under section 1421 of this title ] may be cited as the ‘Livestock Mandatory Reporting Act of 1999’.

(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.

( Aug. 14, 1946, ch. 966 , title II, § 211, as added Pub. L. 106–78, title IX, § 911(2) , Oct. 22, 1999 , 113 Stat. 1188 .)