Missouri Dairy Business UpdateCommercial Agriculture
Volume 3, Number 2

February 2003

MILC payments hit $1.75 for March

Milk Income Loss Contract, (MILC), payments for 2003 continue to grow as the market price for milk sinks. To view the calculations behind the MILC payments and to check the very latest MILC payments that have already been determined check the NE Milk Marketing Administrators website at: http://www.fmmone.com/Northeast_Order/MILC%20calculator/DMLP.htm

Known MILC Payments for 2003 are:
January $1.41
February $1.55
March $1.75

To check estimated payments at any time, check Cornell's website at: http://cpdmp.cornell.edu/ Based upon Class III and Class IV futures as of 2/27/2003, the MILC payments thru September 03 will be:
April $ 1.58
May $ 1.53
June $ 1.50
July $ 1.47
Aug $ 1.34
Sept $ 1.19

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