Instructions for Completing PSP Form 342: Contract Submission Cover Sheet 

Packers as defined in 9 CFR 206.1 use form P&SP-342 to submit example contracts, 

replacement example contracts, expirations of example contracts, or withdrawal of offers. 

Submit an example of each contract packer currently has with producers or that is currently 

available and is unique with respect to all of the following four example-contract criteria: 

1) Base price or determination of base price.

2) Application of a ledger or accrual account (including the terms and conditions of the

ledger or accrual account provision).

3) Carcass merit premium and discount schedules (including the determination of the lean

percent or other merits of the carcass that are used to determine the amount of the

premiums and discounts and how those premiums and discounts are applied).

4) Use and amount of noncarcass merit premiums and discounts.

Packers must provide written descriptions for all terms of a verbal contract. P&SP-343 may be 

used to capture a basic set of contract terms. A verbal contract includes purchases of swine by a 

packer from a producer under which: 

1) The purchase is not a negotiated purchase. That is, the transaction

a) Results in a price to be determined at a later date, or

b) Establishes delivery dates more than 14 days after the date on which the swine are

committed to the packer.

2) The terms of the purchase are not formally documented.

Send example contracts and notification of expired or withdrawn contracts to: 

Hardcopy Electronic FAX

USDA GIPSA

210 Walnut Street, Suite 317

Des Moines, Iowa 50309

http://scl.gipsa.usda.gov 515-323-2590

The electronic submission processes requires secured access to the website listed above. See 

http://www.gipsa.usda.gov/psp/SCL.aspx to obtain information on access to the secure 

submission site.

If you have any questions about the form or completing the form, please contact the Midwestern 

Regional office using one of the following methods. 

Phone Email Fax

515-323-2579 SwineContractLibrary@usda.gov 515-323-2590

request to speak to the Swine 

Contract Library staff

attention Swine Contract 

Library staff

PSP Instructions 342i March 2017 Page 1 of 3 
Identification Information 

Line 

Number

Subject Instruction 

1 Packer Name The name of the reporting packer.

2 Date of 

Submission

The date that the contract is being submitted to GIPSA.

3 Federal Inspection 

Number

The inspection or establishment number assigned to the plant 

by USDA’s Food Safety and Inspection Service.

4 Plant Name The name you use to identify the specific plant for which the 

contract is being submitted. 

5 Plant Location The city and state where the plant is located.

Contract Information 

6 Contract Category

(Choose 1)

This will be the same category purchases under the example 

contract are categorized for Livestock Mandatory Price 

Reporting with the Agricultural Marketing Service.

Swine or Pork Market Formula Purchase with a Ledger. 

Purchases based on the markets for swine, pork, or pork products and 

reference an account which tracks differences from minimum or maximum 

levels.

Swine or Pork Market Formula Purchase without a 

Ledger. Purchases based on the markets for swine, pork, or pork 

products and do not reference an account which tracks differences from 

minimum or maximum levels.

Other Market Formula Purchase with a Ledger. Purchases 

based on the markets other than those for swine, pork, or pork products 

and reference an account which tracks differences from minimum or 

maximum levels.

Other Market Formula Purchase without a Ledger. 

Purchases based on the markets other than those for swine, pork, or pork 

products and do not reference an account which tracks differences from 

minimum or maximum levels.

Other Purchase Arrangement with a Ledger. Purchases that 

are not negotiated purchases, swine or pork market formula purchases, or 

other market formula purchases, do not involve packer-owned swine and 

do reference an account which tracks differences from minimum or 

maximum levels.

Other Purchase Arrangement without a Ledger. Purchases 

that are not negotiated purchases, swine or pork market formula purchases, 

or other market formula purchases, do not involve packer-owned swine 

and do not reference an account which tracks differences from minimum 

or maximum levels.

See definitions in 9 CFR 206.1

PSP Instructions 342i March 2017 Page 2 of 3 
PSP Instructions 342i March 2017 Page 3 of 3 

7 Submission Type

(Choose 1)

New indicates the example contract was not previously 

available. You can enter the contract name in line 9.

Replacement indicates the example contract was previously 

submitted but one of the four example-contract criteria has 

been modified and the previously submitted example contract 

is no longer offered. Enter the name of the new contract in 

line 9 and the name of the contract being replaced in line 10.

Expired notifies GIPSA that a previously submitted contract 

no longer exists. Enter the name of the expired contract in 

line 10.

Withdrawal of Offer notifies GIPSA that a previously 

submitted example contract is no longer being offered. Enter

the name of the withdrawn contract in line 10.

8 Verbal Contract Yes indicates this example contract represents a verbal 

agreement. Packers must provide written descriptions for all 

terms of a verbal agreement. Form P&SP-343 may be used as 

that written documentation.

NO indicates this example contract represents an executed 

document.

9 Contract Name A name (unique identifier) to use to refer to the example 

contract. This is used to ease of communications between the 

plant and GIPSA personnel.

10 Existing Contract 

Name

The Contract Name of the previously submitted contract for 

Replacements, Expirations, or Withdrawals of Offer. Line 9, 

Contract Name is used for names of contracts currently being 

submitted.

Certification Information

11 Name The name of person to contact to obtain clarification or 

correction of information submitted

12 Title The title of the person identified in line 11.

13 Phone The phone number at which the person identified in line 11 

can be reached.

14 Signature Signature of person identified in line 11.