Markets & Management

The USDA announced November’s Dairy Margin Coverage
(DMC) margin at $14.29 per hundredweight (cwt), $4.79 above
the $9.50 trigger. This will be the ninth consecutive month for
program year 2024 with no indemnities triggered at any coverage
level. We saw November’s margin continue the downtrend
from September’s peak margin of $15.57. November’s all-milk
price dropped $1.00 from October’s $25.20 per cwt to $24.20 in
November.

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