Dairy Week In Review

The September Dairy Margin Coverage (DMC) margin was announced as $8.62 per hundredweight (cwt) and triggers indemnities at the $9.00 and $9.50 margin coverages. This is a 54 cents per  cwt improvement compared to August, driven by a slight increase in the milk price and a more significant decline in the DMC feed cost. After three consecutive months of degrading milk prices,  the September U.S. all-milk price was up 10 cents per cwt compared to August at $24.30. At $15.78 per cwt, DMC feed cost was down 44 cents after four consecutive months of record high DMC  feed costs. Read More