August 6, 2021: Margins Sink Further in June

It is never a good thing when milk price falls and feed commodity prices increase. This has been the case for most of 2021. When milk price has managed to increase, feed costs have risen enough  to offset it. When feed prices have managed to decrease, the milk price has fallen enough to continue to reduce margins. The June margin above feed costs, as calculated by the Dairy Margin  Coverage (DMC) program, decreased for the fourth month in a row and is the fifth month to remain below $7.00 per cwt. Read More