§ 1064.61 - Computation of uniform price (including weighted average price).

For each month the market administrator shall compute in the following manner the “uniform price” (and “weighted average price”) per hundredweight of milk of 3.5 percent butterfat content received from producers:

(a) Combine into one total the values computed pursuant to § 1064.60 for all handlers who filed the reports prescribed by § 1064.30 for the month and who made the payments pursuant to §§ 1064.71 and 1064.73 for the preceding month;

(b) Add an amount equal to the total value of the location adjustments computed pursuant to § 1064.75;

(c) Add an amount equal to not less than one-half of the unobligated balance in the producer-settlement fund;

(d) Divide the resulting amount by the sum of the following for all handlers included in these computations:

(1) The total hundredweight of producer milk; and

(2) The total hundredweight for which a value is computed pursuant to § 1064.60(f); and

(e) Subtract no less than 4 cents nor more than 5 cents per hundredweight. The result shall be the “weighted average price,” and the “uniform price” for milk received from producers.