Aug 30, 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

COMMENTS

No comments have been posted



Name:

Comments:

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
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