The Over-Order Price Report is one of the data series of over-order price information collected by Dairy Programs via the administration of the Federal milk order (FMO) program. See Over-Order Prices.
This data series contains detailed information on the over-order charges paid by milk processors regulated under the Federal milk order (FMO) program for raw milk used in each of the four classes of milk utilization. This information is obtained from the price lists issued by cooperatives/pricing agencies which include all the credits that milk processors can earn, billing statements of the cooperatives/pricing agencies, and producer payrolls. The data series includes prices paid by milk processors who buy raw milk from independent dairy farmers (those not members of cooperatives). As such, this data series covers all of the milk that is priced under the order during the month.
The FMO market administrators collect the information for their order(s) and aggregate the data into a summary report that covers all of the milk priced under the order. These reports are submitted to the Market Information Branch (MIB) in Dairy Programs headquarters office at the end of the following month; January price information submitted on February 28th. The MIB develops a summary report for all the orders and calculates FMO system-wide information; this report is published on the Dairy Programs Milk Marketing Order Statistics web site.
The Over-Order Price Report contains the following statistics for those orders for which the data are available or for which the data are not administratively confidential. For each of the four classes of milk utilization: the range of over-order charges; the weighted average over-order charge on the total volume of milk that carried a charge; the proportion of all the milk that carried a charge; the weighted average over-order charge on all the milk, including milk for which there was no over-order charge; and, the proportion that the all-milk over-order charge is of the minimum FMO price. Also included is information on the weighted average over-order charge for all four classes combined, the proportion of the milk priced under the order that carried an over-order charge, and the proportion that the all-classes charge is of the FMO uniform price.
The following Over-Order Price Reports are carried on the web site: current month information, generally available around the end of the second following month (January data at end of March); monthly information for the current year to date; and, annual information for 2004 to date.
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