Dairy Week In Review

For the Dairy Margin Coverage (DMC) program, the USDA announced
May’s margin at $10.62 per hundredweight (cwt), the highest margin for
program year 2026 to date. With the margin $1.12 per cwt above the $9.50
trigger, no indemnities were paid out at any of the coverage levels. May’s
margin was 8 cents above the prior month’s $10.54 per cwt and 22 cents
above the $10.40 per cwt from May 2025. When compared to five years
ago, May’s margin is almost 60 percent higher than the $6.67 per cwt
margin reported in May 2021.

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