Responsibility for Accurate Scales and Live Poultry Weights

Why are Accurate Scales and Weights Important?

When weights are used to determine payment for live poultry, the use of accurate scales, honest weighing practices protect the poultry grower and seller’s right to fair value.  Using accurate scales and weights also guards the live poultry dealer’s right to equity.

Who is Responsible for Accurate Scales and Weights?

Market Guide to Custodial Accounts

Who must establish and maintain custodial accounts?

As a market agency selling on commission (market) subject to the Packers and Stockyards Act, 1921, (the P&S Act) you must establish and maintain a custodial account.

What is a custodial account?

A custodial account is a trust account. All payments for livestock by buyers and other funds deposited into the custodial account are trust funds (not owned by you). You have a fiduciary responsibility to protect and preserve the funds entrusted to you for livestock consignors.

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