Markets & Management

USDA opened Dairy Margin Coverage (DMC) enrollment for the 2024 Program Year on February 28. Those farms that enroll early could potentially receive a payment on January milk within the next couple of weeks, depending on where the margin falls. As of February 27, the January margin under the DMC Program was forecast at $8.46 per hundredweight, which would provide an indemnity payment of $1.04 per cwt., or just over $800 on a million pounds of production. The enrollment period will remain open until April 29th, with payments retroactive to January milk.

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