PIGS FLY 3/70/20

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PIGS FLY --: PIGS FLY - 3/70/20 RULE -- Confidentiality Guidelines for the Livestock Mandatory Reporting Program

The 3/70/20 confidentiality guideline requires the following three conditions:

• At least three reporting entities need to provide data at least 50 percent of the time over the most recent 60‐day time period.
• No single reporting entity may provide more than 70 percent of the data for a report over the most recent 60‐day time period.
• No single reporting entity may be the sole reporting entity for an individual report more than 20 percent of the time over the most recent 60‐day time period.

The Livestock Mandatory Reporting Act of 1999 requires USDA to publish mandatory data on livestock and meat price trends, contracting arrangements, and supply and demand conditions in a manner that protects the identity of reporting entities and preserves the confidentiality of proprietary transactions.

PIGS FLY NOTE:
Negotiated sales contract (200,202,203) reports create a sale and then report that day. They have 10 days if a combo and 14 days if a box to kill product and report it to the 201 report.