### Question
How does PACKERS AND STOCKYARDS define type of contract?


### Answer
Under *7 U.S.C. § 198*, **type of contract** is defined as:

> the classification of contracts or risk management agreements for the purchase of swine by—


(A) the mechanism used to determine the base price for swine committed to a packer, grouped into practicable classifications by the Secretary (including swine or pork market formula purchases, other market formula purchases, and other purchase arrangements)

#### Citation:
  - *7 U.S.C. § 198*
  - Heading: **CHAPTER 9-PACKERS AND STOCKYARDS > SUBCHAPTER II-PACKERS GENERALLY > Part B-Swine Packer Marketing Contracts**

