National Ag News
USDA amends Class I price formula
Mar 11, 2019, 14:38 PM
by
Admin B
The USDA has announced a change to the pricing of skim milk
in the Federal Milk Marketing Order.
USDA says the fluctuation in market prices used to determine the
Class I price increases risk and uncertainty associated with hedging. Congress in the 2018 Farm Bill addressed that
fluctuation and the new formula will be used starting May 1st.
The Class I skim milk price will now be calculated with the
average monthly Class III and Class IV advanced pricing factors plus $0.74 per
hundredweight plus the applicable adjusted Class I differential.
Continue reading USDA amends Class I price formula at Brownfield Ag News.
