Missouri Dairy Business Update  
Volume 12, Number 3
March 2012

MILC Payments Starting

Milk Income Loss Contract payments will be starting soon, according to the Missouri State FSA Office in a recent news release. MILC payments depend both on milk prices and feed prices.

Estimates of future MILC payments are updated on Fridays at this University of Wisconsin website http://future.aae.wisc.edu/milc.html

MILC Payment Forecasts Based on Futures (Settlement Prices March 19, 2012)

Month/Year
Forecast Target  Mover
Forecast Mover*
Predicted MILC Payment
$/Cwt.
Jan 2012 $17.53 $18.80 $0.00
Feb 2012 $17.80 $17.03 $0.35
Mar 2012 $17.60 $16.30 $0.59
Apr 2012 $17.73 $15.63 $0.95
May 2012 $17.85 $15.84 $0.91
Jun 2012 $17.89 $15.50 $1.07
Jul 2012 $17.89 $15.95 $0.87
Aug 2012 $17.59 $16.28 $0.59
Sep 2012 $17.25 $16.73 $0.23
*Actual Mover



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