To increase the minimum basic formula price for Class I milk, to provide payments to producers of milk that is not used for fluid milk products, and to establish the solid content of packaged fluid milk products.

Directs the Secretary of Agriculture to establish through December 31, 1991, a minimum basic formula price for Class I (beverage use) milk that shall not be less than the August 1990 price. Requires pooling of the proceeds from such formula uniformly among producers. Provides for the deposit of specified funds into the General Treasury to carry out the dairy program, including such price adjustment.

Directs the Secretary to: (1) sell specified amounts of butter for export in each of FY 1991 and 1992; and (2) make specified payments to producers of milk not marketed for fluid purposes through December 31, 1991.

Sets forth minimum solid content for beverage milk (whole, lowfat, and skim).