The USDA announced February’s margin at $8.46 per hundredweight
(cwt) for the Dairy Margin Coverage program. At the $9.50 coverage
level, participating dairies received an indemnity of $1.04 cents
per cwt. For program year 2026, this will make the second consecutive
month where the margin fell below the $9.50 trigger and resulted in
payments. February’s margin was up 65 cents and down $4.66 per
cwt, month over month and year over year, respectively
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