text: SECTION 1. EXTENSION.
      (a) In General.--Chapter 5 of subtitle B of the Agricultural 
  Marketing Act of 1946 (7 U.S.C. 1636 et seq.) is amended by adding at 
  the end the following new section:
      ``SEC. 260. TERMINATION OF AUTHORITY.
      ``The authority provided by this subtitle terminates on September 
  30, 2010.''.
      (b) Conforming Amendment and Extension.--Section 942 of the 
  Livestock Mandatory Reporting Act of 1999 (7 U.S.C. 1635 note; Public 
  Law 106-78) is amended by striking ``terminate on September 30, 2005'' 
  and inserting ``(other than section 911 of subtitle A and the 
  amendments made by that section) terminate on September 30, 2010''.
  SEC. 2. DEFINITIONS.
      (a) Base Market Hogs.--Section 231(4) of the Agricultural Marketing 
  Act of 1946 (7 U.S.C. 1635i(4)) is amended to read as follows:
          ``(4) Base market hog.--The term `base market hog' means a 
      barrow or gilt for which no discounts are subtracted from and no 
      premiums are added to the base price.''.
      (b) Boars.--Section 231(5) of such Act (7 U.S.C. 1635i(5)) is 
  amended to read as follows:
          ``(5) Boar.--The term `boar' means a sexually-intact male 
      swine.''.
      (c) Packer of Sows and Boars.--Section 231(12) of such Act (7 
  U.S.C. 1635i(12)) is amended by--
          (1) striking subparagraph (B) and inserting the following new 
      subparagraph:
              ``(B) for any calendar year, the term includes only--
                  ``(i) a swine processing plant that slaughtered an 
              average of at least 100,000 swine per year during the 
              immediately preceding five calendar years; and
                  ``(ii) a person that slaughtered an average of at least 
              200,000 sows, boars, or any combination thereof, per year 
              during the immediately preceding five calendar years; 
              and''; and
          (2) in subparagraph (C)--
              (A) by inserting ``or person'' after ``swine processing 
          plant'';
              (B) by inserting ``or person'' after ``plant capacity of 
          the processing plant''; and
              (C) by inserting ``or person'' after ``determining whether 
          the processing plant''.
  SEC. 3. REPORTING; BARROWS AND GILTS.
      Section 232(c) of the Agricultural Marketing Act of 1946 (7 U.S.C. 
  1635j(c)) is amended to read as follows:
      ``(c) Daily Reporting; Barrows and Gilts.--
          ``(1) Prior day report.--
              ``(A) In general.--The corporate officers or officially 
          designated representatives of each packer processing plant that 
          processes barrows or gilts shall report to the Secretary, for 
          each business day of the packer, such information as the 
          Secretary determines necessary and appropriate to--
                  ``(i) comply with the publication requirements of this 
              section; and
                  ``(ii) provide for the timely access to the information 
              by producers, packers, and other market participants.
              ``(B) Reporting deadline and plants required to report.--A 
          packer required to report under subparagraph (A) shall--
                  ``(i) not later than 7:00 a.m. Central Time on each 
              reporting day, report information regarding all barrows and 
              gilts purchased or priced, and
                  ``(ii) not later than 9:00 a.m. Central Time on each 
              reporting day, report information regarding all barrows and 
              gilts slaughtered,
          during the prior business day of the packer.
              ``(C) Information required.--The information from the prior 
          business day of a packer required under this paragraph shall 
          include--
                  ``(i) all purchase data, including--
  
                      ``(I) the total number of--
  
                          ``(aa) barrows and gilts purchased; and
                          ``(bb) barrows and gilts scheduled for 
                      delivery; and
  
                      ``(II) the base price and purchase data for 
                  slaughtered barrows and gilts for which a price has 
                  been established;
  
                  ``(ii) all slaughter data for the total number of 
              barrows and gilts slaughtered, including--
  
                      ``(I) information concerning the net price, which 
                  shall be equal to the total amount paid by a packer to 
                  a producer (including all premiums, less all discounts) 
                  per hundred pounds of carcass weight of barrows and 
                  gilts delivered at the plant--
  
                          ``(aa) including any sum deducted from the 
                      price per hundredweight paid to a producer that 
                      reflects the repayment of a balance owed by the 
                      producer to the packer or the accumulation of a 
                      balance to later be repaid by the packer to the 
                      producer; and
                          ``(bb) excluding any sum earlier paid to a 
                      producer that must later be repaid to the packer;
  
                      ``(II) information concerning the average net 
                  price, which shall be equal to the quotient (stated per 
                  hundred pounds of carcass weight of barrows and gilts) 
                  obtained by dividing--
  
                          ``(aa) the total amount paid for the barrows 
                      and gilts slaughtered at a packing plant during the 
                      applicable reporting period, including all premiums 
                      and discounts, and including any sum deducted from 
                      the price per hundredweight paid to a producer that 
                      reflects the repayment of a balance owed by the 
                      producer to the packer, or the accumulation of a 
                      balance to later be repaid by the packer to the 
                      producer, less all discounts; by
                          ``(bb) the total carcass weight (in hundred 
                      pound increments) of the barrows and gilts;
  
                      ``(III) information concerning the lowest net 
                  price, which shall be equal to the lowest net price 
                  paid for a single lot or a group of barrows or gilts 
                  slaughtered at a packing plant during the applicable 
                  reporting period per hundred pounds of carcass weight 
                  of barrows and gilts;
                      ``(IV) information concerning the highest net 
                  price, which shall be equal to the highest net price 
                  paid for a single lot or group of barrows or gilts 
                  slaughtered at a packing plant during the applicable 
                  reporting period per hundred pounds of carcass weight 
                  of barrows and gilts;
                      ``(V) the average carcass weight, which shall be 
                  equal to the quotient obtained by dividing--
  
                          ``(aa) the total carcass weight of the barrows 
                      and gilts slaughtered at the packing plant during 
                      the applicable reporting period, by
                          ``(bb) the number of the barrows and gilts 
                      described in item (aa),
  
                  adjusted for special slaughter situations (such as 
                  skinning or foot removal), as the Secretary determines 
                  necessary to render comparable carcass weights;
                      ``(VI) the average sort loss, which shall be equal 
                  to the average discount (in dollars per hundred pounds 
                  carcass weight) for barrows and gilts slaughtered 
                  during the applicable reporting period, resulting from 
                  the fact that the barrows and gilts did not fall within 
                  the individual packer's established carcass weight or 
                  lot variation range;
                      ``(VII) the average backfat, which shall be equal 
                  to the average of the backfat thickness (in inches) 
                  measured between the third and fourth from the last 
                  ribs, 7 centimeters from the carcass split (or adjusted 
                  from the individual packer's measurement to that 
                  reference point using an adjustment made by the 
                  Secretary) of the barrows and gilts slaughtered during 
                  the applicable reporting period;
                      ``(VIII) the average lean percentage, which shall 
                  be equal to the average percentage of the carcass 
                  weight comprised of lean meat for the barrows and gilts 
                  slaughtered during the applicable reporting period, 
                  except that when a packer is required to report the 
                  average lean percentage under this subclause, the 
                  packer shall make available to the Secretary the 
                  underlying data, applicable methodology and formulae, 
                  and supporting materials used to determine the average 
                  lean percentage, which the Secretary may convert to the 
                  carcass measurements or lean percentage of the barrows 
                  and gilts of the individual packer to correlate to a 
                  common percent lean measurement; and
                      ``(IX) the total slaughter quantity, which shall be 
                  equal to the total number of barrows and gilts 
                  slaughtered during the applicable reporting period, 
                  including all types of purchases and barrows and gilts 
                  that qualify as packer-owned swine; and
  
                  ``(iii) packer purchase commitments, which shall be 
              equal to the number of barrows and gilts scheduled for 
              delivery to a packer for slaughter for each of the next 14 
              calendar days.
              ``(D) Publication.--
                  ``(i) In general.--The Secretary shall publish the 
              information obtained under this paragraph in a prior day 
              report--
  
                      ``(I) in the case of information regarding barrows 
                  and gilts purchased or priced, not later than 8:00 a.m. 
                  Central Time, and
                      ``(II) in the case of information regarding barrows 
                  and gilts slaughtered, not later than 10:00 a.m. 
                  Central Time,
  
              on the reporting day on which the information is received 
              from the packer.
                  ``(ii) Price distributions.--The information published 
              by the Secretary under clause (i) shall include a 
              distribution of net prices in the range between and 
              including the lowest net price and the highest net price 
              reported. The publication shall include a delineation of 
              the number of barrows and gilts at each reported price 
              level or, at the option of the Secretary, the number of 
              barrows and gilts within each of a series of reasonable 
              price bands within the range of prices.
          ``(2) Morning report.--
              ``(A) In general.--The corporate officers or officially 
          designated representatives of each packer processing plant that 
          processes barrows or gilts shall report to the Secretary not 
          later than 10:00 a.m. Central Time each reporting day--
                  ``(i) the packer's best estimate of the total number of 
              barrows and gilts, and barrows and gilts that qualify as 
              packer-owned swine, expected to be purchased throughout the 
              reporting day through each type of purchase;
                  ``(ii) the total number of barrows and gilts, and 
              barrows and gilts that qualify as packer-owned swine, 
              purchased up to that time of the reporting day through each 
              type of purchase;
                  ``(iii) the base price paid for all base market hogs 
              purchased up to that time of the reporting day through 
              negotiated purchases; and
                  ``(iv) the base price paid for all base market hogs 
              purchased through each type of purchase other than 
              negotiated purchase up to that time of the reporting day, 
              unless such information is unavailable due to pricing that 
              is determined on a delayed basis.
              ``(B) Publication.--The Secretary shall publish the 
          information obtained under this paragraph in the morning report 
          as soon as practicable, but not later than 11:00 a.m. Central 
          Time, on each reporting day.
          ``(3) Afternoon report.--
              ``(A) In general.--The corporate officers or officially 
          designated representatives of each packer processing plant that 
          processes barrows or gilts shall report to the Secretary not 
          later than 2:00 p.m. Central Time each reporting day--
                  ``(i) the packer's best estimate of the total number of 
              barrows and gilts, and barrows and gilts that qualify as 
              packer-owned swine, expected to be purchased throughout the 
              reporting day through each type of purchase;
                  ``(ii) the total number of barrows and gilts, and 
              barrows and gilts that qualify as packer-owned swine, 
              purchased up to that time of the reporting day through each 
              type of purchase;
                  ``(iii) the base price paid for all base market hogs 
              purchased up to that time of the reporting day through 
              negotiated purchases; and
                  ``(iv) the base price paid for all base market hogs 
              purchased up to that time of the reporting day through each 
              type of purchase other than negotiated purchase, unless 
              such information is unavailable due to pricing that is 
              determined on a delayed basis.
              ``(B) Publication.--The Secretary shall publish the 
          information obtained under this paragraph in the afternoon 
          report as soon as practicable, but not later than 3:00 p.m. 
          Central Time, on each reporting day.''.
  SEC. 4. REPORTING; SOWS AND BOARS.
      Section 232 of the Agricultural Marketing Act of 1946 (7 U.S.C. 
  1635j) is amended by--
          (1) redesignating subsection (d) as subsection (e); and
          (2) inserting after subsection (c) the following new 
      subsection:
      ``(d) Daily Reporting; Sows and Boars.--
          ``(1) Prior day report.--The corporate officers or officially 
      designated representatives of each packer of sows and boars shall 
      report to the Secretary, for each business day of the packer, such 
      information reported by hog class as the Secretary determines 
      necessary and appropriate to--
              ``(A) comply with the publication requirements of this 
          section; and
              ``(B) provide for the timely access to the information by 
          producers, packers, and other market participants.
          ``(2) Reporting.--Not later than 9:30 a.m. Central Time, or 
      such other time as the Secretary considers appropriate, on each 
      reporting day, a packer required to report under paragraph (1) 
      shall report information regarding all sows and boars purchased or 
      priced during the prior business day of the packer.
          ``(3) Information required.--The information from the prior 
      business day of a packer required under this subsection shall 
      include all purchase data, including--
              ``(A) the total number of sows purchased and the total 
          number of boars purchased, each divided into at least three 
          reasonable and meaningful weight classes specified by the 
          Secretary;
              ``(B) the number of sows that qualify as packer-owned 
          swine;
              ``(C) the number of boars that qualify as packer-owned 
          swine;
              ``(D) the average price paid for all sows;
              ``(E) the average price paid for all boars;
              ``(F) the average price paid for sows in each weight class 
          specified by the Secretary under subparagraph (A);
              ``(G) the average price paid for boars in each weight class 
          specified by the Secretary under subparagraph (A);
              ``(H) the number of sows and the number of boars for which 
          prices are determined, by each type of purchase;
              ``(I) the average prices for sows and the average prices 
          for boars for which prices are determined, by each type of 
          purchase; and
              ``(J) such other information as the Secretary considers 
          appropriate to carry out this subsection.
          ``(4) Price calculations without packer-owned swine.--A packer 
      shall omit the prices of sows and boars that qualify as packer-
      owned swine from all average price calculations, price range 
      calculations, and reports required by this subsection.
          ``(5) Reporting exception: public auction purchases.--The 
      information required to be reported under this subsection shall not 
      include purchases of sows or boars made by agents of the reporting 
      packer at a public auction at which the title of the sows and boars 
      is transferred directly from the producer to such packer.
          ``(6) Publication.--The Secretary shall publish the information 
      obtained under this paragraph in a prior day report not later than 
      11:00 a.m. Central Time on the reporting day on which the 
      information is received from the packer.
          ``(7) Electronic submission of information.--The Secretary of 
      Agriculture shall provide for the electronic submission of any 
      information required to be reported under this subsection through 
      an Internet website or equivalent electronic means maintained by 
      the Department of Agriculture.''.
  
                                 Speaker of the House of Representatives.
  
                              Vice President of the United States and    
                                                 President of the Senate.
target: Amends the Agricultural Marketing Act of 1946 to extend the provisions of the Livestock Mandatory Price Reporting Act of 1999 through September 30, 2010.
  
  Amends swine price reporting provisions.
feat_title: To reauthorize the Livestock Mandatory Reporting Act of 1999 and to amend the swine reporting provisions of that Act.