Class prices, component prices, and advanced pricing factors.

CFR · 2024-01-01 · US · Title 7

Class prices per hundredweight of milk containing 3.5 percent butterfat, component prices, and advanced pricing factors shall be as follows. The prices and pricing factors described in paragraphs (a), (b), (c), (e), (f), and (q) of this section shall be based on a weighted average of the most recent 2 weekly prices announced by the National Agricultural Statistical Service (NASS) before the 24th day of the (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (1) Compute a weighted average of the amounts described in paragraphs (n)(1)(i) and (ii) of this section: (i) The U.S. average NASS survey price for 40-lb. block cheese reported by the Department for the month; and (ii) The U.S. average NASS survey price for 500-pound barrel cheddar cheese (38 percent moisture) reported by the Department for the month plus 3 cents; (2) Subtract 20.03 cents from the price computed pursuant to paragraph (n)(1) of this section and multiply the result by 1.383; (3) Add to the amount computed pursuant to paragraph (n)(2) of this section an amount computed as follows: (i) Subtract 20.03 cents from the price computed pursuant to paragraph (n)(1) of this section and multiply the result by 1.572; and (ii) Subtract 0.9 times the butterfat price computed pursuant to paragraph (l) of this section from the amount computed pursuant to paragraph (n)(3)(i) of this section; and (iii) Multiply the amount computed pursuant to paragraph (n)(3)(ii) of this section by 1.17. (o) (p) (1) Multiply 0.0005 by th

official document · source cfr-2024 · id 7:§ 1000.50