Based on the most recent USDA Agricultural
Prices report, November’s margin was calculated to be $10.04 per
cwt, just 54 cents above the $9.50 per cwt trigger. Even though
November’s margin fell from October’s $10.87, no indemnities
were paid out at any coverage level. For the 2025 program year,
this would be the eleventh consecutive month where participating
dairies did not receive payments.
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