Choice White Grease
A specific grade of mostly pork fat defined by hardness, color, fatty acid content, moisture, insolubles, and free fatty acids.
Commodity Credit Corporation (CCC)
An agency of the U.S. Department of Agriculture. This agency is authorized to assist agricultural producers through loans, purchases, and other operations, and makes available materials and facilities required in the production and marketing of agricultural commodities.
Confidentiality Guideline
In order for Livestock Mandatory reports to be published they must meet the 3/70/20 confidentiality guideline which states that in order for a report (regional or national) to be published, at least 3 companies have to submit data 50 percent of the time or more over a 60-day period. No one company can account for 70 percent or more of the cumulative market volume for any report over a 60-day period. In cases where only one company submits data for individual reports, the same company can not be the sole reporting entity more than 20 percent of the time during a 60
Cow
A female bovine that has developed through reproduction or with age, the relatively prominent hips, large middle, and other physical characteristics typical of mature females.
Crude Corn Oil
Unrefined corn oil.
Crude Soybean Oil
Unrefined soybean oil.
Dairy Export Incentive Program (DEIP)
This program was repealed by the Agricultural Act of 2014. DEIP paid cash bonuses to exporters, allowing them to buy at U.S. prices and sell abroad at prevailing (lower) international prices. DEIP removed nonfat dry milk, butterfat, and certain cheeses from the domestic market and helped develop export markets. The DEIP was announced by USDA on May 15, 1985. DEIP quantities and dollar amounts were subject to World Trade Organization (WTO) restrictions under the Uruguay Round Agreement on Agriculture.
Delivered
Price of a trade including freight overages.
Demand
Demand may be described as "very good," "good," "moderate," "light," or "very light" in relation to what is considered typical or normal demand at each market or marketing area for the day or period, allowing for seasonal changes. In evaluating demand, the reporter will bear in mind that a good demand might exist for certain grades, weights, or classes, while at the same time, others are in light demand. A reporter should be currently informed as to the nature of demand as indicated by the estimated proportions sold to local packers, order buyers, feeder dealers, etc. Indi
