May 3, 2023: Dairy Week In Review

The Dairy Margin Coverage (DMC) feed cost declined by 39 cents during March compared to February. All three DMC feed cost factors – corn, soybean meal (SBM), and superior alfalfa hay – experienced declines that resulted in a final total DMC feed cost of $15.02 per cwt. Unfortunately, the U.S. all-milk price declined an additional 50 cents compared to February to average $21.10  per cwt. The resulting DMC margin was announced as $6.08 per cwt, triggering indemnities at the $6.50 per cwt and greater margin coverages. Read More