Milk income estimation

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun TOTAL
Days 31 31 30 31 30 31 31 28 31 30 31 30 365
Contract litres 48,069 48,069 46,519 48,069 46,519 48,069 48,069 43,418 48,069 46,519 48,069 46,519 565,977
Max % of litres paid at Tier 1 110% 110% 110% 110% 110% 110% 110% 110% 110% 110% 110% 110%
Production estimate
No milking cows 95 95 95 95 95 95 95 95 95 95 95 95
Litres/day/cow 20.5 20.0 20.0 19.5 19.0 18.0 18.0 18.0 17.0 17.0 17.0 19.0
Litres produced per month 60,373 58,900 57,000 57,428 54,150 53,010 53,010 47,880 50,065 48,450 50,065 54,150 644,480
Tier 1 litres 52,876 52,876 51,171 52,876 51,171 52,876 52,876 47,760 50,065 48,450 50,065 51,171 614,232
Tier 2 litres 7,497 6,024 5,829 4,552 2,979 134 134 120 0 0 0 2,979 30,248
% of contract supplied 126% 123% 123% 119% 116% 110% 110% 110% 104% 104% 104% 116%
Pricing
Tier 1 price (c/L) 54.0 54.0 54.0 54.0 54.0 54.0 54.0 54.0 54.0 54.0 54.0 54.0
Tier 2 price (c/L) 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0
Payments
Tier 1 28,553 28,553 27,632 28,553 27,632 28,553 28,553 25,790 27,035 26,163 27,035 27,632 331,685
Tier 2 1,274 1,024 991 774 506 23 23 20 0 0 0 506 5,142
Gross Milk Receipts $ 29,827 29,577 28,623 29,327 28,139 28,576 28,576 25,811 27,035 26,163 27,035 28,139 336,827
Average pricing
All milk average price (c/L) 49.4 50.2 50.2 51.1 52.0 53.9 53.9 53.9 54.0 54.0 54.0 52.0 52.3