MILC Projections Updated Through FY 2011
November 3, 2009
MILC Projections Updated Through FY 2011
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.
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