May’s Dairy Margin Coverage
(DMC) margin closed out at $10.52 per hundredweight (cwt),
$1.02 over the $9.50 maximum coverage level and did not trigger
indemnities at any coverage level. May’s margin jumped
92 cents per cwt from April’s margin at $9.60. Year-over-year,
May’s margin shot up from 2023, when it was at $4.83 per cwt
to $10.52, a $5.69 increase. May 2024’s U.S. average all-milk
price came in at $22.00 per cwt, which was up $1.50 from last
month and up $2.70 from last May.