Update Make Allowances in Class III/IV Price Formulas
Current make allowances resulted from a Federal order hearing in 2000 based on 1997-99 actual industry cost of processing data. Hearing in 2006 limited to new industry cost of processing data to update the make allowances for use in all class minimum milk price formulas.
Class III/IV Classification
Hearing to consider changing the classification of condensed and evaporated milk products in consumer-size packages from Class III to Class IV.
Class III/IV Price Formulas
Hearing required by legislation enacted in the Consolidated Appropriations Act, 2000. Under the legislation, USDA is required to reconsider the Class III and Class IV price formulas included in the final rule for the consolidation and reform of Federal milk orders.