For the second time this year, a Dairy Margin Coverage (DMC) payment will be issued. The USDA’s Farm Service Agency announced that March’s DMC income over feed costs calculation is $6.19/cwt. Milk production covered at the $9.50 level will receive $2,622.59 for each one million pounds insured.
Phil Plourd, president of Ever.ag, says that we’ve seen a little improvement in the numbers over the past few weeks, although the margin picture for 2023 continues to look weaker compared to what we saw in 2022.
“We’re not in the total doom-and-gloom camp, but it would be surprising to see a material, durable increase in milk prices or a sustained decrease in feed costs over the next few months,” he says.
dairyherd.com
April 3, 2023
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