DMC Continues to Deliver Payments to Producers
- ZISK
- Nov 2, 2023
- 1 min read
While considerably lower than the previous month’s payouts, a Dairy Margin Coverage (DMC) payment was triggered once again for the month of September.
At just $1.06 per cwt., the September DMC margin triggers an indemnity payment coverage level of $9.50 per cwt. This is calculated to be $755.54 for each one million pounds enrolled. This DMC payment reflects higher milk price – the highest since March and lower feed prices, with declining corn and soybean meal prices.
By KAREN BOHNERT
November 1, 2023
dairyherd.com
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