Apr 16, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

May MILC Payment $1.22/cwt

June 28, 2012
By: Jim Dickrell, Dairy Today Editor

The United States Department of Agriculture (USDA) announced Thursday the May Milk Income Loss Contract payment rate for May will be $1.22/cwt.

This payment rate is a penny higher than April, and the largest MILC payment since September 2009, which came in at $1.24. Recall that the February through September 2009 MILC payments averaged $1.60/cwt, with the largest coming in March 2009 ($2.01/cwt.).

For more on the MILC program, which is set to expire September 20, 2012, click here.

USDA also announced the May all-milk price at $16.20/cwt, which is the average price received by dairy producers across the country. The preliminary June all-milk price is $16.10, which would be $4.90 lower than the June 2011 all-milk price. The May 2012 all-milk price is $3.40/cwt lower than last year.

USDA’s June ag price report can be found here. http://usda01.library.cornell.edu/usda/current/AgriPric/AgriPric-06-28-2012.pdf


See Comments

Log In or Sign Up to comment


No comments have been posted



Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

Enter Zip Code below to view live local results:
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions