Markets & Management

The June Dairy Margin Coverage (DMC) margin was announced earlier this week at $3.65 per cwt. This sets a record low for the second consecutive month. It is also the first time in program  history that triggers an indemnity at every available margin coverage, falling below the $4.00 per cwt catastrophic margin coverage that is included with the $100 administrative fee that is paid  upon enrollment. The DMC margin is calculated monthly by subtracting the sum of the USDA announced monthly corn, soybean meal (SBM), and superior alfalfa hay prices, on a per cwt basis,  from the U.S. all-milk price. Read More