December 10, 2021: October DMC Margin Improves

For the second month in a row, the Dairy Margin Coverage (DMC) margin improved. For October, the improved margins were driven by both increased milk price and decreased feed prices. The  Oct. DMC margin was announced as $8.77 per cwt and is the highest margin so far this year. The blended alfalfa hay price increased a marginal $3.50 compared to September 2021 to reach  $230.00 per ton, while corn and soybean both posted substantial reductions. The corn price fell 43 cents per bushel to $5.02. Read More