Jul 29, 2014
Sign UpLogin

May MILC Payment 74¢/cwt

June 28, 2013
By: Jim Dickrell, Dairy Today Editor
 
 

The United States Department of Agriculture announced this week that the May Milk Income Loss Contract (MILC) payment for May will be 74¢/cwt. (The ration cost adjustor was $12.86/cwt, bumping the trigger price to $22.66/cwt.)

The 74¢/cwt payment is the fifth consecutive month of MILC payments, all fueled by high feed costs. The other payments were:

April: 70¢/cwt
March: 75¢/cwt
February: 52¢/cwt
January: 12¢/cwt

You can read more detail in the MILC program here. 

USDA also released the preliminary June U.S. All-milk price at $19.70/cwt, unchanged from May. But that is $3.40 higher than June 2012.

The Midwest leads the nation in alfalfa prices, presumably due to winterkill and late harvest issues. Iowa reported the highest average alfalfa prices in the country at $280/ton with Wisconsin at $275/ton.

 

See Comments

RELATED TOPICS: Dairy, Marketing, News, Milk, USDA

 
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