Swine Contract Library

Instructions for Completing P&SP-342: Contract Submission Cover Sheet
Packers as defined in 9 CFR 206.1 use form P&SP-342 to submit example contracts,
replacement example contracts, expirations of example contracts, or withdrawal of offers.
Submit an example of each contract packer currently has with producers or that is currently
available and is unique with respect to all of the following four example-contract criteria:
1) Base price or determination of base price.
2) Application of a ledger or accrual account (including the terms and conditions of the
ledger or accrual account provision).
3) Carcass merit premium and discount schedules (including the determination of the lean
percent or other merits of the carcass that are used to determine the amount of the
premiums and discounts and how those premiums and discounts are applied).
4) Use and amount of noncarcass merit premiums and discounts.
Packers must provide written descriptions for all terms of a verbal contract. P&SP-343 may be
used to capture a basic set of contract terms. A verbal contract includes purchases of swine by a
packer from a producer under which:
1) The purchase is not a negotiated purchase. That is, the transaction
a) Results in a price to be determined at a later date, or
b) Establishes delivery dates more than 14 days after the date on which the swine are
committed to the packer.
2) The terms of the purchase are not formally documented.
Send example contracts and notification of expired or withdrawn contracts to:
Hardcopy
USDA GIPSA
210 Walnut Street, Suite 317
Des Moines, Iowa 50309

Electronic

FAX

http://scl.gipsa.usda.gov

515-323-2590

The electronic submission processes requires secured access to the website listed above. See
http://www.gipsa.usda.gov/psp/SCL.aspx to obtain information on access to the secure
submission site.
If you have any questions about the form or completing the form, please contact the Midwestern
Regional office using one of the following methods.
Phone:
515-323-2579
request to speak to the Swine
Contract Library staff

P&SP-342-i

Email:
[email protected]

Expires 7/31/2016

Fax:
515-323-2590
attention Swine Contract
Library staff

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Identification Information
Line
Subject
Number
1
Packer Name
2
Date of
Submission
3
Federal Inspection
Number
4
Plant Name
5

Plant Location

Contract Information
6
Contract Category
(Choose 1)

Instruction
The name of the reporting packer.
The date that the contract is being submitted to GIPSA.
The inspection or establishment number assigned to the plant
by USDA’s Food Safety and Inspection Service.
The name you use to identify the specific plant for which the
contract is being submitted.
The city and state where the plant is located.
This will be the same category purchases under the example
contract are categorized for Livestock Mandatory Price
Reporting with the Agricultural Marketing Service.
Swine or Pork Market Formula Purchase with a Ledger.
Purchases based on the markets for swine, pork, or pork products and
reference an account which tracks differences from minimum or maximum
levels.

Swine or Pork Market Formula Purchase without a
Ledger. Purchases based on the markets for swine, pork, or pork
products and do not reference an account which tracks differences from
minimum or maximum levels.

Other Market Formula Purchase with a Ledger. Purchases
based on the markets other than those for swine, pork, or pork products
and reference an account which tracks differences from minimum or
maximum levels.
Other Market Formula Purchase without a Ledger.
Purchases based on the markets other than those for swine, pork, or pork
products and do not reference an account which tracks differences from
minimum or maximum levels.

Other Purchase Arrangement with a Ledger. Purchases that
are not negotiated purchases, swine or pork market formula purchases, or
other market formula purchases, do not involve packer-owned swine and
do reference an account which tracks differences from minimum or
maximum levels.
Other Purchase Arrangement without a Ledger. Purchases
that are not negotiated purchases, swine or pork market formula purchases,
or other market formula purchases, do not involve packer-owned swine
and do not reference an account which tracks differences from minimum
or maximum levels.
See definitions in 9 CFR 206.1

P&SP-342-i

Expires 7/31/2016

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7

Submission Type
(Choose 1)

New indicates the example contract was not previously
available. You can enter the contract name in line 9.
Replacement indicates the example contract was previously
submitted but one of the four example-contract criteria has
been modified and the previously submitted example contract
is no longer offered. Enter the name of the new contract in
line 9 and the name of the contract being replaced in line 10.
Expired notifies GIPSA that a previously submitted contract
no longer exists. Enter the name of the expired contract in
line 10.
Withdrawal of Offer notifies GIPSA that a previously
submitted example contract is no longer being offered. Enter
the name of the withdrawn contract in line 10.

8

Verbal Contract

9

Contract Name

10

Existing Contract
Name

Certification Information
11
Name
12
13

Title
Phone

14

Signature

P&SP-342-i

Yes indicates this example contract represents a verbal
agreement. Packers must provide written descriptions for all
terms of a verbal agreement. Form P&SP-343 may be used as
that written documentation.
NO indicates this example contract represents an executed
document.
A name (unique identifier) to use to refer to the example
contract. This is used to ease of communications between the
plant and GIPSA personnel.
The Contract Name of the previously submitted contract for
Replacements, Expirations, or Withdrawals of Offer. Line 9,
Contract Name is used for names of contracts currently being
submitted.
The name of person to contact to obtain clarification or
correction of information submitted
The title of the person identified in line 11.
The phone number at which the person identified in line 11
can be reached.
Signature of person identified in line 11.

Expires 7/31/2016

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