May DMC Margin Sits At $10.62 per CWT

Written By Mike Opperman

An article by Progressive Dairy

The USDA National Agricultural Statistics Service (NASS) Agricultural Prices report, released June 29, established May’s Dairy Margin Coverage (DMC) program calculations. As the all-milk price rose 50 cents, the total feed costs rose 42 cents, boosting the DMC margin 8 cents to $10.62 per hundredweight (cwt) for the month. May’s margin is the highest realized in eight months and resulted in no indemnity payments for enrolled operations.   

For the full article click here

Mike Opperman https://www.blackdirtcommunications.com
Previous

Butter Percentage Jumps Ahead of Protein
Next

Seasonal Futures Patterns Are Changing