1 CRR-NY 21.19NY-CRR
1 CRR-NY 21.19
1 CRR-NY 21.19
21.19 Product prices.
The prices specified in this section as computed and published by the Director of the Dairy Division, Agricultural Marketing Service, United States Department of Agriculture, shall be used in calculating the basic Class II formula price pursuant to section 21.40 of this Part, and the term workday as used herein shall mean each Monday through Friday that is not a national holiday.
(a) Butter price means the simple average of the prices per pound of approved (92-score) butter on the Chicago Mercantile Exchange for the workdays during the first 15 days of the month, using the price reported each week as the price for the day of the report, and for each succeeding workday until the next price is reported.
(b) Cheddar cheese price means the simple average for the workdays during the first 15 days of the month, of the prices per pound of cheddar cheese in 40-pound blocks on the National Cheese Exchange (Green Bay, WI). The price reported for each week shall be used as the price for the day on which reported, and for each succeeding workday until the next price is reported.
(c) Nonfat dry milk price means the simple average of the prices per pound of nonfat dry milk for the workdays during the first 15 days of the month computed as follows:
(1) Use the prices (using the midpoint of any price range as one price) reported each week for high heat, low heat and approved nonfat dry milk, respectively, for the Central States production area.
(2) Compute a simple average of the weekly prices for the three types of nonfat dry milk in paragraph (1) of this subdivision. Such average shall be the daily price for the day on which the prices were reported and for each preceding workday until the day such prices were previously reported.
(3) Add the prices determined in paragraph (2) of this subdivision for the workdays during the first 15 days of the month and compute the simple average thereof.
(d) Edible whey price means the simple average of the prices per pound of edible whey powder for the Central States production area for the workdays during the first 15 days of the month. The prices used shall be the price (using the midpoint of any price range as one price) reported each week as the daily price for the day on which reported, and for each preceding workday until the day such price was previously reported.
1 CRR-NY 21.19
Current through July 31, 2023
| End of Document |