All Milk Price Hits Two Year Low
Wisconsin Ag Connection - 03/02/2012
The February 2012 All-Milk Price estimate is $17.90, down $1.10 from January and the lowest level since January 2011.
Rising feed costs and declining milk prices are expected to result in Milk Income Loss Contract payments in 2012. According to Dr. Gould, Professor of Agricultural Economics at the University of Wisconsin-Madison, MILC payments could range from an estimated 44 cents in March to almost $1.00 per cwt in
June based upon estimated milk and feed costs.
With last month having a leap day on the calendar, another 0.3-percent will be added to production and consumption.
Meanwhile, the Class III milk price will be announced later today. We will have those numbers available as soon as they are released.