Milk in the Northeast and Other Marketing Areas; Notice of Hearing on Proposed Amendments to Marketing Agreements and Orders

Activity

National Milk Producers Federation 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.

What National Milk Producers Federation filed (1)

Abstract

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.

• National Milk Producers FederationTHIS ORG

  1 filing · confidence 97%
• American Farm Bureau Federationtrade assoc.

  1 filing · confidence 97%
• Arizona Farm Bureau Federationtrade assoc.

  1 filing · confidence 97%
• International Dairy Foods Associationtrade assoc.

  1 filing · confidence 97%