; and (B) by disaggregating information by categories of slaughter volume and processed volume; and (2) (A) analyzes barriers to eligible processors engaging in procurement contracts with the Department of Agriculture; and (B) makes recommendations on how to remove those barriers. . 3. Digital livestock exchange platform Subtitle A of the Agricultural Marketing Act of 1946 ( 7 U.S.C. 1621 et seq. ) (as amended by section 2) is amended by adding at the end the following: 210C. Digital livestock exchange platform (a) Definitions In this section: (1) Digital livestock exchange platform The term digital livestock exchange platform means a digital application or website that fulfills the purposes and activities described in subsection (d). (2) Eligible processor The term eligible processor has the meaning given the term in section 210B(a). (3) Formula price (A) In general The term formula price means any price term that establishes a base from which a purchase price is calculated on the basis of a price that will not be determined or reported until a date that is after the date on which the forward price is established. (B) Exclusions The term formula price does not include— (i) any price term that establishes a base from which a purchase price is calculated on the basis of a futures market price; or (ii) any adjustment to the base for quality, grade, or other factors relating to the value of livestock that are readily verifiable market factors and are outside the control of the packer. (4) Forward contract The term forward contract means an oral or written contract for the purchase of livestock that provides for the delivery of the livestock to a packer at a date that is more than 7 days after the date on which the contract is entered into, without regard to whether the contract is for— (A) a specified lot of livestock