Dairy Week In Review

The March Dairy Margin Coverage (DMC) margin was announced as $11.55 per hundredweight. This is a 57 cents per cwt improvement from February and becomes the fourth straight month not  to trigger an indemnity at any margin coverage. Feed costs continued to increase relative to February, but milk price increased enough to offset rising feed prices to improve the DMC margin. Feed prices continue to rise for all three DMC feedstuffs. Supreme alfalfa hay price increased $3 to $269.00 per ton compared to February, while soybean meal (SBM) rose $13.02 per ton, and corn  jumped 46 cents to $6.56 per bushel. Read More