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NEXT UPDATE on or before April 5
-- Announced on March 5th, the February Class IV (butter/powder) price was $12.90, down $0.95 from last month. This year's price is up $3.45 from last year. The year-end average for 2009 was $10.89. 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.
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