The USDA announced
October’s Dairy Margin Coverage (DMC) margin at $15.17 per
hundredweight (cwt), $5.67 above the $9.50 trigger.
This will be the eighth consecutive month for program year
2024 with no indemnities triggered at any coverage level. Following
September’s peak margin at $15.57 per cwt, we saw
a 40-cent drop in October’s margin. October’s all-milk price
came in at $25.20 per cwt, a 30-cent decrease from September’s
$25.50.