top of page
Search

March DMC margin falls to $11.55 per cwt

  • Writer: ZISK
    ZISK
  • 2 days ago
  • 1 min read

While feed costs remained relatively unchanged from February, it was a $1.60 drop in the all-milk price that forced the DMC margin lower in March.


The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report April 30, which includes feed costs and milk prices used to calculate the March Dairy Margin Coverage (DMC) program margins and indemnity payments. March’s margin was $11.55 per hundredweight (cwt), the result of a relatively stable feed cost but sinking all-milk price as then-talks of a looming trade war pressured the export market while domestic consumer spending cooled at the same time.


A peek at March DMC

DMC program margin factors compared to the previous month:


  • Alfalfa hay: $242 per bushel, down $1

  • Corn: $4.57 per bushel, down 1 cent


Comments

bottom of page