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Reference Prices for Montana Producer Price Calculations USDA Announcement of Advanced Prices and Pricing Factors - October 21, 2026

Federal Order Base Class I Price (/cwt)nAdvanced Butterfat Pricing Factor (/lb)\nClass II Skim Milk Price ($/cwt)

Class III Skim Milk Pricing Factor ($/cwt)\nClass IV Skim Milk Pricing Factor ($/cwt)

Montana Class III Price Computations per ARMI 32.24.480(4)
	Advanced Butterfat Pricing Factor ($/lb)	$ 1.3730
	Less: Montana Class III Butterfat Price Differential ($/lb)	$ (0.1000)
	Montana Class III Butterfat Price ($/lb)	$ 1.2730
	Federal Class III Skim Milk Pricing Factor ($/cwt)	$ 10.38
	Federal Class IV Skim Milk Pricing Factor ($/cwt)	$ 16.03
Montana Class III Skim Milk Price: lower of Class III or Class IV Skim Milk Pricing Factor converted to units of dollars per pound of skim milk ($/lb)		$ 0.1038
	Value of Montana Class II Butterfat at 3.5 lbs	$ 4.45550
	Value of Montana Class II Skim Milk at 96.5 lbs	$ 10.01670
	Montana Class III Milk Price for Milk Testing 3.5% Butterfat ($/cwt)	$ 14.47220

Montana Class II Price Computations per ARM 32.24.480(3)
	Advanced Butterfat Pricing Factor ($/lb) Plus: $0.007/lb ($/lb)	$ 1.3730 $ 0.0070
	Montana Class II Butterfat Price ($/lb)	$ 1.3800
Montana Class II Skim Milk Price ($/lb): federal Class II Skim Milk Price converted to units of dollars per pound of skim milk		$ 0.1673
Value of Montana Class II Butterfat at 3.5 lbs		$ 4.83000
Value of Montana Class II Skim Milk at 96.5 lbs		$ 16.14445
Montana Class II Milk Price for Milk Testing 3.5% Butterfat ($/cwt)		$ 20.97445

Montana Class I Price Computations per ARM 32.24.480(2)
	Federal Order Base Class I Price for Milk Testing 3.5% Butterfat ($/cwt):	$ 20.27
	Plus: Montana Differential ($/cwt)	$ 2.85
	Montana Class I Milk Price for Milk Testing 3.5% Butterfat ($/cwt)	$ 23.12
	Federal Order Advanced Butterfat Pricing Factor ($/lb)	$ 1.3730
	Plus: Montana Differential ($/lb)	$ 0.0285
	Montana Class I Butterfat Price ($/lb)	$ 1.4015
	Value of Montana Class I Butterfat at 3.5 lbs	$ 4.90525
	Value of Montana Class I Skim Milk at 96.5 lbs	$ 18.21475
	Montana Class I Milk Price for Milk Testing 3.5% Butterfat ($/cwt)	$ 23.12000

November 2026 Montana Price Announcement Summary
	Price for Milk
	Testing 3.5% Butterfat ($/cwt)	Butterfat Price ($/lb)	Skim Milk Price ($/lb) to seven decimal places
Class I	$23.12000	$1.4015	$0.1887539
Class II	$20.97445	$1.3800	$0.1673000
Class III	$14.47220	$1.2730	$0.1038000

By Order of the Montana Milk Control Bureau Contact Information: LIVMilkControl@mt.gov or 406.444.2875 Published: October 21, 2026 ===== PAGE 2 =====

Butterfat Price ($/lb)

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Percentage of Skim Milk Utilization - By Class *