Markets & Management

USDA announced the February margin under the Dairy Margin Coverage (DMC) Program this week at $9.44 per hundredweight, just 6 cents below the $9.50 threshold. The margin will result in a $0.06 per cwt. indemnity payment for those covered at the maximum level, or just under $50 on one million pounds of production history. The all-milk price increased 50 cents from January to $20.60 per cwt. in February, down $1 from year ago levels.

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