Formula to determine changes in the class I wholesale and retail prices.

51-03-02-15. Formula to determine changes in the class I wholesale and retail prices. 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 ½ 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) 8 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. History: Amended effective August 1, 1983; June 26, 1989; June 1,1990; February 1, 1992; August 1, 1993; August 1, 1994; August 1, 1995; September 1, 1996; July 1, 2000. General Authority: NDCC 4.1-26-01, 4.1-26-10, 4.1-26-11, 4.1-26-12, 4.1-26-13, 4.1-26-14, 4.1-26-15, 4.1-26-16, 4.1-26-35, 28-32-03.1(3) Law Implemented: NDCC 4.1-26-10, 4.1-26-11, 4.1-26-12, 4.1-26-13, 4.1-26-14, 4.1-26-15, 4.1-26-16