PSP-342 Contract Submission Cover Sheet

OMB No. 0581-0311

U.S. Department of Agriculture
Agricultural Marketing Service
Packers and Stockyards Division

CONTRACT SUBMISSION COVER SHEET

Submit this form with each example contract.
Initial submission: Submit existing swine marketing contracts.
Subsequent submission: For offered, revised, expired, or withdrawn contracts, submit by the business day following
offer, revision, expiration, or withdrawal.
Identification Information
1. Date of Submission
2. Packer Name
(MM/DD/YYYY)
3. Federal Inspection Number

6. Contract Category
(Choose 1)

4. Plant Name

5. Plant Location:

City, State

Swine or Pork Market Formula Purchase with a Ledger
Swine or Pork Market Formula Purchase without a Ledger
Other Market Formula Purchase with a Ledger
Other Market Formula Purchase without a Ledger
Other Purchase Arrangement with a Ledger
Other Purchase Arrqangement without a Ledger

Contract Information
9. Contract Name
10. Previously Existing
New
7. Submission Type
Replacement
(Choose 1)
Expiration
Withdrawal of
8. Is this a Verbal Contract?
If Yes, attach P&SP-343 or supporting documentation
Yes
No
Certification: I certify that this report has been prepared by me or under my direction and that to the best of
my knowledge and belief this report is true and correct.
11. Name: First
Last
12. Title
13. Phone Number
14. Signature
Response is required to identify and obtain examples of swine packer marketing contracts that are currently
available (7 U.S.C. 198a and 9 CFR 206). Submitted information held confidential (9 CFR 201.96).
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not
required to respond to, a collection of information unless it displays a valid OMB control number. The valid OMB
control number for this information is 0581-0311. The time required to complete this information collection is
estimated to average 5.5 hours for initial filing including time to review instructions, search existing data resources,
gather the data needed, and complete and review the information collection, and 15 minutes for subsequent filing.

PSD-342

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The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
activities on the basis of race, color, national origin, age, disability, and where applicable,
sex, marital status, familial status, parental status, religion, sexual orientation, genetic
information, political beliefs, reprisal, or because all or part of an individual’s income is
derived from any public assistance program. (Not all prohibited bases apply to all programs.)
Persons with disabilities who require alternative means for communication of program
information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at
(202) 720-2600 (voice and TDD). To file a complaint of discrimination, write to USDA,
Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C.
20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal

Instructions for Completing PSD-342
Packers as defined in 9 CFR 206.1 use form PSD-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. PSD-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:

PSD-342

Hardcopy

Electronic

FAX

USDA AMS FTTP PSD
210 Walnut Street, Suite 317
Des Moines, Iowa 50309

Contact Swine Contract
Library Staff for current
electronic submission format

515-323-2590

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If you have any questions about the form or completing the form, please contact the Swine
Contract Library staff using one of the following methods.
Phone
515-323-2579

Email
PSDSwineContractLibrary@usda
.gov

Line
Number

Subject

1

Date of
Submission
Packer Name
Federal Inspection
Number
Plant Name

2
3
4
5
6

Plant Location
Contract Category
(Choose 1)

Fax
515-323-2590

Instruction
The date that the contract is being submitted to PSD.
The name of the reporting packer.
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

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Line
Number
7

Subject
Submission Type
(Choose 1)

Instruction
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 PSD that a previously submitted contract no
longer exists. Enter the name of the expired contract in line
10.
Withdrawal of Offer notifies PSD that a previously
submitted example contract is no longer being offered. Enter
the name of the withdrawn contract in line 10.

8

PSD-342

Verbal Contract

9

Contract Name

10

Existing Contract
Name

11

Name

12
13

Title
Phone

14

Signature

Yes indicates this example contract represents a verbal
agreement. Packers must provide written descriptions for all
terms of a verbal agreement. Form PSD-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 PSD 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.

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