Nebraska § 54-2623 - Sales of cattle; packer; reporting requirements.
Full text of Nebraska Revised Statutes of Nebraska § 54-2623 — Sales of cattle; packer; reporting requirements., with citation guidance and answers to common questions.
§ 54-2623. Sales of cattle; packer; reporting requirements.
Beginning February 15, 2000, a packer shall, two times each day during which cattle are purchased, report to the department and to the United States Department of Agriculture, agricultural market service livestock news branch, all cattle that are purchased in the cash, spot, or direct market since the last report. A packer shall, one time each day during which cattle are purchased, report to the department and to the United States Department of Agriculture, agricultural market service livestock news branch, all cattle that are purchased by contract that day. Such reports shall be completed on forms prepared by the department, in consultation with the agricultural market service livestock news branch, and shall include:
(1) The cash price paid and the number of cattle purchased at price intervals representative of the day's trade;
(2) Quality characteristics, including sex of the cattle, estimated percentage of the meat which will be graded choice or better upon inspection based upon the United States Department of Agriculture official grades, and estimated live weight, as well as premium and discount factors that may apply to these characteristics;
(3) Base price and premium and discount factors for cattle purchased using a formula or grid pricing mechanism; and
(4) The delivery month, volume, and applicable basis level for all cattle purchased under basis contract.
The report shall not include information regarding the identity of a seller.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 54-2623
What does Revised Statutes of Nebraska § 54-2623 cover?
Section 54-2623 ("Sales of cattle; packer; reporting requirements.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 54-2623?
A common citation format is "Revised Statutes of Nebraska § 54-2623" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 54-2623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.