### Question
What does formula price mean?


### Answer
**Formula price** has the following meaning in *7 U.S.C. § 1635i*:

> a price determined by a mathematical formula under which the price established for a specified market serves as the basis for the formula

#### Citation:
  - *7 U.S.C. § 1635i*
  - Heading: **CHAPTER 38-DISTRIBUTION AND MARKETING OF AGRICULTURAL PRODUCTS > SUBCHAPTER II-LIVESTOCK MANDATORY REPORTING > Part C-Swine Reporting**

