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Another Round of DMC Payments Coming: The Lowest Milk Income Margin Ever

As expected, another round of Dairy Margin Coverage (DMC) payments will be coming to producer’s mailboxes. USDA’s Farm Service Agency announced on Friday that May’s DMC income over feed cost calculation is $4.83/cwt. Milk covered at the $9.50 level will realize an indemnity of $4.63. This is the lowest milk income margin since the inception of the DMC program.

The announced May 2023 U.S. average milk price is $19.30/cwt., the lowest level since September 2021.

For May indemnity payments, each 1 million pounds insured at $9.50/cwt will receive $3,488.10 before sequestration.

July 5, 2023



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