### Question
How is the term base price defined?


### Answer
The term **base price** is defined in *7 U.S.C. § 1635a* as the following:

> the price paid for livestock, delivered at the packing plant, before application of any premiums or discounts, expressed in dollars per hundred pounds of carcass weight

#### Citation:
  - *7 U.S.C. § 1635a*
  - Heading: **CHAPTER 38-DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS > SUBCHAPTER II-LIVESTOCK MANDATORY REPORTING > Part A-Purpose; Definitions**

