Protein Price
- The Protein price is a price derived from the CME's Cheese Future settlement price from the purchase date
- Protein Price Formula
- Protein Value in Cheese + (Butterfat Value in Cheese - Butterfat Value in Butter) x 1.17 = Protein Price ($/lb)
- Further expansion steps of the Protein Price is in the link below.
- Detailed Class III Equation
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