Oct. Class I Mover Announced

Posted by Brian Gould Fri, 18 Sep 2009 14:17:00 GMT

The October Advanced Class I price was released this morning by USDA. The value of $12.35 represents a $1.42 increase over the Sep. value. This higher value with associated lower feed costs implies that the MILC payments for Oct. will be less than the September payment. After incorporating the Oct. mover into our MILC forecasting model we have an estimated MILC payment for October of $0.60 . This compares to estimated payments of $1.64 in August and $1.24 for September milk. For more detail refer to the following spreadsheet files: http://future.aae.wisc.edu/collection/software/currentMILCest.xls and http://future.aae.wisc.edu/collection/software/MILCPaymentCalc_base.xls .