MILC Payments Won’t Be Sequestered

March 25, 2013 03:58 AM

Milk Income Loss Contract (MILC) payments won’t fall under sequestration rules, according to a report in The Friday Facts, published last Friday by Dairylea Cooperative.

"However, due to the Congressional notification period, the March payment may be delayed by 30 days," Dairylea reported.

The Februay MILC payment could be 43¢/cwt, according to preliminary estimates based on current Futures prices and calculations made by the University of Wisconsin

According to these same estimates, MILC payments could also be forthcoming in March (60¢/cwt), April (66¢/cwt), May (25¢/cwt) and June (14¢/cwt).


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