September DMC Margin Sets Second Consecutive Monthly Record
- ZISK
- Nov 13, 2024
- 1 min read
The monthly margin under the Dairy Margin Coverage (DMC) program rose by $1.85/cwt from August’s previous record level to $15.57/cwt, again the highest since margin protection became the basic dairy safety net program in January 2015.
The September all-milk price was $25.50/cwt, $1.90/cwt higher than the month before, while the DMC feed cost formula inched up from August by $0.05/cwt of milk, mostly on offsetting price moves for corn and premium alfalfa.
The end of October dairy and grain futures indicated that the DMC margin would average around $12/cwt for all of calendar year 2024.
November 11, 2024
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