March 22 2010 01:53 PM
Jan 2 next update
Feb 5

December Class IV price is $21.54 - up $3.71 from last year
JanMarMayJulySeptNov1215182124Dollars
Week201320122011
Jan17.6316.5616.42
17.7515.9218.4
Mar17.7515.3519.41
18.114.819.78
May18.8913.5520.29
18.8813.2421.05
July18.914.4520.33
19.0715.7620.14
Sept19.4317.4119.53
20.1718.5418.41
Nov20.5218.6617.87
21.5417.8316.87

Class IV Price

Announced on January 2, the December Class IV (butter/powder) price was $21.54. The price per hundredweight was up $1.02 from the previous month. The Class IV not only prices butter and powder but also affects the Class I mover. The Class I mover (based on "higher of" advanced Class III or Class IV skim milk price) plus the Class I differential for each order determines Class I skim milk price. The mover is equivalent to the Basic Formula Price (BFP) under the old pricing system. It equals (base skim milk price for Class I times 0.965) plus (advanced butterfat pricing factor times 3.5). The Class I mover is announced on or before the 23rd of the previous month.
Note for September 2013 and October 2013 Class IV price: Due to the lapse in Federal government funding, equivalent weekly pricing constituents were announced by the Upper Midwest Milk Marketing Order. The equivalent pricing constituents were computed under authority of 7 CFR, Section 1000.54 and can be found at: http://www.fmma30.com/.
Class I prices Class III prices