Federal Milk Marketing Orders-Amending the Class I Skim Milk Price Formula
marketing-order · Agricultural Marketing Service · Rule · Published 2019-03-11 · Effective 2019-05-01 · 84 FR 8590
Document
Document number
2019-04347
Federal Register citation
84 FR 8590
CFR reference
7 CFR 1000
Type
Rule
Action
Final rule.
Category
marketing-order
Sub-agency
Agricultural Marketing Service
Publication date
2019-03-11
Effective date
2019-05-01
USDA docket
Docket no. AMS-DA-18-0096
Abstract
This final rule amends the Class I skim milk price formula for milk pooled under Federal milk marketing orders (FMMO) as required by the Agriculture Improvement Act of 2018 (2018 Farm Bill). Under the amended price formula, the Class I skim milk price will be the simple average of the monthly advanced pricing factors for Class III and Class IV skim milk, plus $0.74 per cwt, plus the applicable adjusted Class I differential. Prior to this amendment, the Class I skim milk price was the higher of the two advanced pricing factors, plus the applicable adjusted Class I differential.