February DMC margin is $13.12

The all-milk price fell during the second half of February as feed costs grew, resulting in a DMC margin of $13.12 per hundredweight.

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report March 31, which includes feed costs and milk prices used to calculate the February Dairy Margin Coverage (DMC) program margins and indemnity payments. February’s margin was $13.12 per hundredweight (cwt), the result of an improved market for corn coupled with a 50-cent drop in the all-milk price.

A peek at February DMC

DMC program margin factors compared to the previous month:

• Alfalfa hay: $243 per ton, up $1 

• Corn: $4.58 per bushel, up 29 cents

• Soybean meal: $304.78 per ton, down $12.19

• Total feed costs: $10.48 per cwt, up 23 cents

• Milk price: $23.60 per cwt, down 50 cents

• Margin above feed cost: $13.12 per cwt, down 73 cents

Click here to continue reading

By Jenn Coyne

March 31, 2025

agproud.com