Milk Price calculation
The MilkPay app calculates the price of milk for the Federal Milk Marketing Orders (FMMO) that pay for components. The MilkPay app (available for use on iPhones and Android) is free.
This tool streamlines the decision process for nutritionists and producers, whether in the field or in the office, helps them determine the economic impact of balancing amino acids in a dairy herd’s ration.
MilkPay app :
- Calculates the current value of milk at current component levels
- Calculates the value of milk when feed costs and component levels change
- Shows how these changes affect income over feed cost (IOFC) and return on investment (ROI)
- Is updated monthly when the new prices are released for each FMMI
To access the Milk Pay website for the first time, please, click here.
You can also have more information on the video here below.