; (ii) more than 1 blind bid is solicited; and (iii) buyers and sellers may witness bids that are made and accepted; (C) is based on a formula price; or (D) provides for the sale of livestock in a quantity in excess of 50 animals. (2) Penalties Any participant that violates paragraph (1) shall— (A) be barred from participation in a digital livestock exchange platform or for consideration for any Federal meat food product or poultry product procurement contract; and (B) forfeit any existing Federal meat food product or poultry product procurement contract for the 5-year period following the violation. (f) Prohibited participation (1) Daily harvest volume A meatpacker that has a daily harvest volume that is more than 5 percent of the national daily harvest volume may not participate in a digital livestock exchange platform, including by posting subcontracting opportunities on the digital livestock exchange platform. (2) Eligible processors A meatpacker that is not an eligible processor may not participate in a digital livestock exchange platform, including by posting subcontracting opportunities on the digital livestock exchange platform. (g) Outreach The Secretary shall conduct outreach through extension services regarding the availability and use of a digital livestock exchange platform. (h) Authorization of appropriations There is authorized to be appropriated to the Secretary to carry out subsection (b) $2,000,000, to remain available until expended. .