### Question
How is the "negotiated formula purchase" defined?


### Answer
The term **negotiated formula purchase** is defined in *7 U.S.C. § 1635i* as follows -

> a swine or pork market formula purchase under which—


(A) the formula is determined by negotiation on a lot-by-lot basis

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

