March DMC skates above payment threshold at $9.57 per cwt
- ZISK
- May 4
- 1 min read
No indemnity payments will be issued in March for the Dairy Margin Coverage program with the income over feed cost margin coming in at $9.57 per cwt.
The USDA National Agricultural Statistics Service (NASS) Agricultural Prices report, released April 30, established March’s Dairy Margin Coverage (DMC) program calculations. Both milk prices and feed costs rallied enough in March for the DMC program margin to climb out of the depths of indemnity payments. As milk prices firmed, reflective of continued demand particularly on the export front, and feed costs remained steady, the March DMC margin came to $9.57 per hundredweight (cwt) – just 7 cents above the highest coverage selection in Tier I.
A peek at March DMC
Strong prices for the major dairy feedstuffs were reflected in the March Agricultural Prices report (see Table 1).
Jenn Coyne
April 30, 2026
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