Feb. Class I Mover Announced

Posted by Brian Gould Sat, 24 Jan 2009 13:55:00 GMT

The Feb. Class I mover was announced as $10.72, a drop of $5.02 from Jan. ‘09 and $8.96 from Feb. ‘08.  This represents the lowest Class I mover since June 2003.  This level of mover will generate a minimum of a $1.34 February MILC payment. The payment will probably be higher given the feed-cost adjustment that will be made to the MILC price target.   The final MILC payment level will not be known until the end of March when the final feed prices used in the MILC payment calculations are known.