New York Codes, Rules and Regulations
Title 1 - DEPARTMENT OF AGRICULTURE AND MARKETS
Chapter I - Milk Control
Subchapter B - Milk Control Orders
Part 20 - New York/new Jersey Milk Marketing Area (revised Official Order No. 126)
Minimum Prices
Section 20.51 - Basic formula price
Current through Register Vol. 46, No. 12, March 20, 2024
The basic formula price shall be the preceding month's average pay price for manufacturing grade milk in Minnesota and Wisconsin using the "base month" series, as reported by the United States Department of Agriculture, adjusted to a 3.5 percent butterfat basis using the butterfat differential for the preceding month computed pursuant to section 20.81 of this Part and rounded to the nearest cent, plus or minus the change in gross value yielded by the butter-nonfat dry milk and cheddar cheese product price formula computed pursuant to subdivisions (a) through (e) of this section.
(a) The gross values of per hundredweight of milk used to manufacture butter-nonfat dry milk and cheddar cheese shall be computed, using price data determined pursuant to subdivision (b) of this section and annual yield factors, for the preceding month and separately for the current month as follows:
(b) The following product prices shall be used pursuant to subdivision (a) of this section:
(c) Determine the amounts by which the gross value per hundredweight of milk used to manufacture butter-nonfat dry milk and the gross value per hundredweight of milk used to manufacture cheddar cheese for the current month exceed or are less than the respective gross values for the preceding month.
(d) Compute weighting factors to be applied to the changes in gross values determined pursuant to subdivision (c) of this section by determining the relative proportion that the data included in each of the following paragraphs is of the total of the data represented in paragraphs (1) and (2) of this subdivision:
(e) Compute a weighted average of the changes in gross values per hundredweight of milk determined pursuant to subdivision (c) of this section in accordance with the relative proportions of milk determined pursuant to subdivision (d) of this section.