Impacts of NASS Nonfat Dry Milk Price and Sales Volume Revisions on Federal Order Prices [PDF]

On June 28, 2007, USDA National Agricultural Statistics Service (NASS) published revised prices and sales volumes for nonfat dry milk (NFDM) for the weeks ending April 29, 2006, through April 14, 2007. NFDM prices as reported by NASS are used to calculate nonfat solids pricing factors used in Federal order formulas. These formulas set minimum classified prices that handlers must pay for milk pooled in the Federal order system. This report provides the impacts that these revisions would have had for the Federal order system.

For more information, contact the Market Information Branch, Dairy Programs, Agricultural Marketing Service, U.S. Department of Agriculture, Room 2768-South Building, Stop Code 0232, 1400 Independence Avenue, S.W., Washington, D.C. 20250-0232. Telephone: (202) 720-7461. FAX: (202) 720-4844.