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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter X - Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture |
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Part 1004 - MILK IN THE MIDDLE ATLANTIC MARKETING AREA |
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Subpart A - Order Regulating Handling |
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Payments for Milk |
§ 1004.73 - Value of producer milk.
Latest version.
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The total value of milk received from producers during any month shall be the sum of the following calculations:
(a) The value of a producer's milk shall be the sum of the following:
(1) The weighted average differential price subject to the appropriate plant location adjustment times the total hundredweight of milk received from the producer;
(2) The total nonfat milk solids contained in the producer milk received from the producer multiplied by the producer nonfat milk solids price computed pursuant to § 1004.61; and
(3) The total butterfat contained in the producer milk received from the producer times the butterfat price computed pursuant to § 1004.50(d).
(b) [Reserved]