National Milk Producers Federation

Based on current futures market prices, Milk Income Loss Contract (MILC) payments are winding down, with only a small payment projected for December milk, and none after that through the 2011 fiscal year. A combination of high feed prices and low milk prices led to record-high MILC payment rates in 2009.

NMPF posts updated projections weekly at www.nmpf.org/milk_pricing/milc_payments.