Markets & Management

For the Dairy Margin
Coverage (DMC) program, the USDA announced May’s margin to
be $10.62 per hundredweight (cwt), a high so far for the 2026 program
year. With the margin being $1.12 per cwt above the $9.50 trigger,
no indemnities were paid to participating dairies. May’s margin was 8
cents above the prior month’s $10.54 and 22 cents above $10.40 from
May 2025. Compared to 5 years ago, the May 2026 margin is almost
60% above the $6.67 margin in May 2021.

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