January DMC margin starts year with positive tone

The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Feb. 28, which includes feed costs and milk prices used to calculate the January Dairy Margin Coverage (DMC) program margins and indemnity payments. January’s margin was $13.85 per hundredweight (cwt), continuing momentum from the program’s historic margins realized in 2024.

A peek at January DMC

DMC program margin factors compared to the previous month:

• Alfalfa hay: $242 per ton, up $12

• Corn: $4.29 per bushel, up 6 cents

• Soybean meal: $316.97 per ton, up $13.34

• Total feed costs: $10.25 per cwt, up 33 cents

• Milk price: $24.10 per cwt, up 80 cents

• Margin above feed cost: $13.85 per cwt, up 47 cents

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By Jenn Coyne

February 28, 2025

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