An improved all-milk price by 50 cents coupled with mostly lower feed costs gave way to a DMC margin of $9.44, still triggering payments through the program.
The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report March 28, which includes feed costs used to calculate February Dairy Margin Coverage (DMC) program margins and indemnity payments. A bump in the all milk price and depressed feed costs brought the average milk income margin to $9.44 per hundredweight (cwt).
A look at February 2024 DMC
DMC program margin factors compared to the previous month:
Jenn Coyne
March 28, 2024
