July 6, 2022: Dairy Week In Review

USDA announced the May Dairy Margin Coverage (DMC) margin at$12.51 per hundredweight (cwt), a  record high. This eclipsed the previous record originally set in July 2020 and April 2022 by 22 cents per  cwt and is $5.84 more than a year ago. May became the sixth straight month not to trigger an indemnity  at any margin coverage. The U.S. all-milk price increased by 20 cents compared to April, which also sets  a new record at $27.30 per cwt. Read More