Federal Milk Marketing orders use product-price formulas to set minimum prices as reported in the Announcement of Class and Component Prices publication each month. Weighted-average product prices used for the formulas are computed from prices and volumes reported for the most recent four- or five-week period in the National Dairy Products Sales Report. The Class and Component Prices are released no later than the 5th of the following month. See Price Release Dates for a schedule of release dates.
The monthly average butter price is used to compute the butterfat price used for Class III and IV. Class II butterfat price is computed by adding $0.007 to the Class III and IV butterfat prices. The Class II nonfat solids price is announced in advance of the month. See Advance Prices.
The Class III component prices for protein and other solids are based on the monthly cheddar cheese and dry whey prices, respectively.
Nonfat dry milk prices are used to compute the value for nonfat solids used in Class IV.
Historical CDFA class prices
California Department of Food and Agriculture minimum class prices for Classes 1, 2, 3, 4a and 4b Market Milk F.O.B. plant, by area and month.
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