Based upon the class I formula as ordered in section 51-03-02-06, for each hundredweight price change to dairy farmers for raw milk or an increase or decrease of $.001 in the federal market order number 30 butterfat differential based on $.053, the following factors will be used in determining adjustments in the class I wholesale and retail prices. If the first of the month falls on a Monday, Tuesday, or Wednesday, minimum wholesale and retail prices go in effect that Monday. If the first of the month falls on a Thursday, Friday, Saturday, or Sunday, minimum wholesale and retail prices go in effect the following Monday.
Item | Hundredweight Factor | B.F. Factor |
Whole milk 1/2 gallon | $.0098900 | $(.0001075) |
2% milk | .0099130 | (.0006465) |
1% milk | .0099130 | (.0010775) |
Skim milk | .0099245 | (.0012945) |
Buttermilk | .0099245 | (.0012945) |
Whole chocolate | .0094645 | (.0001029) |
2% chocolate | .0094875 | (.0006188) |
1% chocolate | .0094875 | (.0010313) |
Skim chocolate | .0094990 | (.0012390) |
All price adjustments at the retail level should be made to the nearest one cent per unit: wholesale to the nearest $.001 per unit. Wholesale and retail price increases or decreases shall be adjusted for volume discounts. The foregoing class I formula price changes shall be automatically adjusted without further amendment to this stabilization plan.
N.D. Admin Code 51-03-02-15
General Authority: NDCC 4-18.1-03, 4-18.1-07, 4-18.1-20, 28-32-03.1(3)
Law Implemented: NDCC 4-18.1-07