MILC Payment Rates and Projections  

Note: Italicized print indicates projection
Projections based on CME futures as of  5/12/2010    

 Month / Year           Boston Class I

FY 2010	Actual	Target	Payment
October '09	15.60	16.94	0.6030
November	16.11	16.94	0.3735
December	17.24	16.94	0.0000
January '10	18.28	16.94	0.0000
February	18.09	16.94	0.0000
March	17.59	16.94	0.0000
April	16.47	16.94	0.2115
May	17.05	16.94	0.0000
June	18.45	16.94	0.0000
July	18.96	16.94	0.0000
August	19.25	16.98	0.0000
September	19.34	16.96	0.0000
FY 2011
October '10	19.36	17.06	0.0000
November	19.38	17.06	0.0000
December	19.33	17.08	0.0000
January '11	19.15	17.24	0.0000
February	18.62	17.25	0.0000
March	18.26	17.25	0.0000
April	18.31	17.37	0.0000
May	18.00	17.37	0.0000
June	18.07	17.48	0.0000

 

Source: National Milk Producers Federation