August 2, 2023: Dairy Week In Review

The June Dairy Margin Coverage (DMC) margin was announced as $3.65 per hundredweight (cwt) (Table 1) and hit a record low for the second consecutive month. Indemnities were triggered at  all margin coverages ($4.00 up to $9.50 per cwt) for the first time in program history. The June Margin is $1.40 per cwt less than May. June continued the downward trend of declining margins  for the seventh month in a row and triggered indemnities for the sixth consecutive month. Read More