No indemnity payments for the Dairy Margin Coverage program were issued for the third consecutive month. Income over feed costs continue to be favorable for dairy producers despite higher feed prices.
The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report June 28, which includes feed costs used to calculate May Dairy Margin Coverage (DMC) program margins and indemnity payments. May’s income over feed cost was $10.52 per hundredweight (cwt), the largest margin since November 2022.
A glance at May 2024 DMC
DMC program margin factors compared to the previous month:
Jenn Coyne
June 28, 2024
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