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MILC projection: 70¢/cwt. for May

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May 2013’s Milk Income Loss Contract (MILC) program payment should be about 70¢/cwt., virtually the same as April, but it could be the final payment for fiscal year 2013, according to latest projections from Brian Gould, UW-Madison dairy economist. The estimate is based on milk and feed futures prices at the close of trading on June 21.

So far in FY ’13 (October 2012 through April 2013), monthly MILC payments were: Oct. 2012 – 2.37¢; Nov. & Dec. 2012 – 0.00¢; Jan. 2013 – 22.80¢; Feb. 2013 – 52.24¢; March 2013 – 75.46¢; and April 2013 – 69.88¢.

Visit Gould’s “Understanding Dairy Markets” website: http://future.aae.wisc.edu/.

 
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