Agricultural and Food Policy
 Agri Outlook Radio
Number 188
Policy: USDA Issues Interim Final Rule Amending All Federal Milk Marketing Orders (1:50 minutes)
Audio/Video Script:
Robert Coats, Ph.D.
Extension Economist and Professor
University of Arkansas, Division of Agriculture
USDA
News Release
USDA issues interim final rule amending all Federal milk marketing orders.
USDA issues interim final rule amending the Class III and Class IV product
price formulas in all Federal milk marketing orders. The decision was based on
testimony at USDA public hearings. The interim order was approved by dairy
farmers in all 10 Federal milk marketing orders.
The decision amends the manufacturing allowances for cheese, butter, nonfat
dry milk (NFDM) and dry whey. Specifically, this decision adopts the following
manufacturing allowances: cheese - $0.2003 per pound; butter - $0.1715 per
pound; nonfat dry milk - $0.1678 per pound; and dry whey - $0.1991 per pound.
This decision also increases the butterfat yield factor of the butterfat price
from 1.20 to 1.211.
These amendments will be effective September 1, 2008.
The interim order appears in the July 30th Federal Register. As
announced on June 20, 2008, public comments and exceptions to the tentative
final decision are due on or before August 19, 2008. USDA will consider the
comments and exceptions and issue a final decision.
This has been Robert Coats Extension Economist University of Arkansas
Division of Agriculture.
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