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basic formula price

Owned by Dennis Daggett (Deactivated)
2018-02-16

Calculated monthly by USDA, the BFP is the base price for all milk regulated by federal milk marketing orders. Currently, the BFP is based on the preceding month’s average price of Grade B milk paid by processors in Minnesota and Wisconsin, adjusted by current-month changes in the value of certain manufactured dairy products; , determined by the U.S. Department of Agriculture, that serves as a basis for pricing milk in the United States. The BFP is calculated monthly based on previous BFP and the price of cheese.

Authorization Path: 2.5.7.2.27.0

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