In September, milk prices climbed nearly $2 while feed costs went down a nickel to deliver a $15.57 per cwt margin. This is the seventh consecutive month where indemnity payments have not been triggered through the Dairy Margin Coverage program.
The USDA National Agricultural Statistics Service (NASS) released its Agricultural Prices report Oct. 31, which includes feed costs used to calculate the September Dairy Margin Coverage (DMC) program margins and indemnity payments. The month’s margin was $15.57 per hundredweight (cwt).
A peek at September 2024 DMC
DMC program margin factors compared to the previous month:
Jenn Coyne
October 31, 2024
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