Class I Price = (Class I skim milk price x 0.965) + (Class I butterfat price x 3.5).
Class I Skim Milk Price = Higher of advanced Class III or IV skim milk pricing factors + applicable Class I differential.
Class I Butterfat Price = Advanced butterfat pricing factor + (applicable Class I differential divided by 100).
Note: Advanced pricing factors are computed using applicable price formulas listed below, except that product price averages are for two weeks.
Class II Price = (Class II skim milk price x 0.965) + (Class II butterfat price x 3.5).
Class II Skim Milk Price = Advanced Class IV skim milk pricing factor + $0.70. Class II Butterfat Price = Butterfat price + $0.007.
Class II Nonfat Solids Price = Class II skim milk price divided by 9.
Class III Price = (Class III skim milk price x 0.965) + (Butterfat price x 3.5).
Class III Skim Milk Price = (Protein price x 3.1) + (Other solids price x 5.9).
Protein Price = ((Cheese price - 0.1702) x 1.405) + ((((Cheese price - 0.1702)
x 1.582) - Butterfat price) x 1.28).
Other Solids Price = (Dry whey price - 0.137) divided by 0.968.
Butterfat Price = (Butter price - 0.114) divided by 0.82.
Class IV Price = (Class IV skim milk price x 0.965) + (Butterfat price x 3.5).
Class IV Skim Milk Price = Nonfat solids price x 9.
Nonfat Solids Price = (Nonfat dry milk price - 0.137) divided by 1.02.
Butterfat Price = See Class III.
Butterfat Price = See Class III.Protein Price = See Class III.
Others solids Price = See Class III.
Somatic Cell Adjustment Rate = Cheese price x 0.0005, rounded to fifth decimal place. Rate is per 1,000 somatic cell count.