Class-Based Insurance

• Class Based Insurance:
  • Insuring Class III, Class IV or a Blend of Class III/IV milk prices 
• Class III Equation:
  • Detailed Class III Equation
    • Class III is derived from CME Cheese, Whey, and Butter
• Class IV Equation:
  • Detailed Class IV Equation
    • Class IV is derived from CME Butter and Nonfat Dry Milk