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            "text": "Market Administration & Industry Report",
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            "text": "Fiscal Year 2025",
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                    "text": "Montana Class I Price Computations per ARM 32.24.480(2) for June 2025",
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                    "bbox": {
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                    "text": "Federal Order Base Class I Price for Milk Testing 3.5% Butterfat ($/cwt)\nPlus: Montana Differential ($/cwt)\nMontana Class I Milk Price for Milk Testing 3.5% Butterfat ($/cwt)",
                    "attrs": {
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                    "text": "$17.26\n$2.85\n$20.11",
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                    "text": "Federal Order Advanced Butterfat Pricing Factor ($/lb.)\nPlus: Montana Differential ($/lb.)\nMontana Class I Butterfat Price ($/lb.)",
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                    "text": "$2.5730\n$0.0285\n$2.6015",
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                    "type": "table_cell",
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                    "text": "Value of Montana Class I Butterfat at 3.5 lbs.\nValue of Montana Class I Skim Milk at 96.5 lbs.\nMontana Class I Milk Price for Milk Testing 3.5% Butterfat ($/cwt)",
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                    "text": "$ 9.10525\n$11.46155\n$20.11000",
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            "text": "Montana Class II & Class III",
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            "order": 12,
            "type": "text",
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            "text": "The Montana Class II and Class III price formulas reference the prices listed below that are published in the USDA Agricultural Marketing Service's Announcement of Advanced Prices and Pricing Factors."
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        {
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            "type": "list",
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            "text": "",
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                    "id": "p15.6.1",
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                    "bbox": {
                        "l": 86.4,
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                        "r": 442.8,
                        "b": 448.08
                    },
                    "text": "Class II Skim Milk Price (converted to dollars per pound of skim milk)",
                    "marker": "-"
                },
                {
                    "id": "p15.6.2",
                    "order": 15,
                    "type": "list_item",
                    "bbox": {
                        "l": 86.88,
                        "t": 447.8998,
                        "r": 538.56,
                        "b": 432.72
                    },
                    "text": "Advanced Class III Skim Milk Pricing Factor (converted to dollars per pound of skim milk)",
                    "marker": "•"
                },
                {
                    "id": "p15.6.3",
                    "order": 16,
                    "type": "list_item",
                    "bbox": {
                        "l": 86.64,
                        "t": 432.54,
                        "r": 538.8,
                        "b": 417.36
                    },
                    "text": "Advanced Class IV Skim Milk Pricing Factor (converted to dollars per pound of skim milk)",
                    "marker": "•"
                },
                {
                    "id": "p15.6.4",
                    "order": 17,
                    "type": "list_item",
                    "bbox": {
                        "l": 87.36,
                        "t": 417.2998,
                        "r": 274.8,
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                    },
                    "text": "Advanced Butterfat Pricing Factor",
                    "marker": "•"
                }
            ]
        },
        {
            "id": "p15.7",
            "order": 18,
            "type": "text",
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            "text": "These prices are determined by USDA using federally established formulas that rely upon USDA-calculated weighted average prices of butter, nonfat dry milk, cheese, and whey for the first full two weeks of the month prior to the month to which the price announcement applies. Prices and sales volumes of these products are mandatorily reported to USDA by the United States dairy industry."
        },
        {
            "id": "p15.8",
            "order": 19,
            "type": "text",
            "bbox": {
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            "text": "The Montana Class III Butterfat Price formula subtracts the Montana Class III Butterfat Price Differential from the Advanced Butterfat Pricing Factor. The following tables illustrate the application of the Montana Class II and Class III price formulas for June 2025."
        },
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            "order": 20,
            "type": "footer",
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                "b": 49.68
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            "text": "13",
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            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
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