... was the old BFP.Also, since the component formulas for Class II Milk are similar to the Class IV,the addition of the Class IV provides adirect hedge for ice cream, yogurt andother perishable ... butter(butterfat), which constitutes Class IV pricing. Class III vs. Class IV10.5011.2011.9012.6013.3014.00JFMAMJJASOND($/cwt.) Class III Class IVHow is the Class III Milk price established?NASS ... new Class IV relate to the CME Milk Class IIIcontract?The simplest answer is to define the pricing structure of the two classes of milk. The Class III is milk used in hard cheeses and the Class...