International Dairy Foods Association filed 1 comment on this docket between Sep 16, 2024 and Sep 16, 2024. 3 other organizations filed here. The comment window closed 683d ago.
The revised exceptions and comments of the International Dairy Foods Association are submitted herewith. These revised exceptions and comments are identical to those previously submitted, except that they now contain a personal signature. These revised exceptions and comments should therefore replace the version previously submitted.
This document informs the public of a recommended decision on a package of proposals to address five categories of milk pricing provisions in the eleven Federal Milk Marketing Orders (FMMO). The package of proposals include: 1) Milk Composition Factors: Update the factors to 3.3 percent true protein, 6 percent other solids, and 9.3 percent nonfat solids. 2) Surveyed Commodity Products: Remove 500-pound barrel cheddar cheese prices from the Dairy Product Mandatory Reporting Program survey and rely solely on the 40-pound block cheddar cheese price to determine the monthly average cheese price used in the formulas. 3) Class III and Class IV Formula Factors: Update the manufacturing allowances to: Cheese: $0.2504; Butter: $0.2257; NFDM: $0.2268; and Dry Whey: $0.2653. The decision also proposes updating the butterfat recovery factor to 91 percent. 4) Base Class I Skim Milk Price: Update the formula as follows: the base Class I skim milk price would be the higher-of the advanced Class III or Class IV skim milk prices for the month. In addition, adopt a Class I extended shelf life (ESL) adjustment for all ESL products equal to the average-of mover plus a 24-month rolling average adjuster, with a 12-month lag. 5) Class I differentials: Update the Class I differential values to reflect the increased cost of servicing the Class I market. The county-specific Class I differentials are specified in the decision.
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