June’s DMC margin closed out at $11.66 per hundredweight
(cwt), $2.16 per cwt. above the $9.50 coverage level.
Like the previous three months, the margin remained high enough
to not trigger indemnities. June’s margin jumped $1.14 from May’s
margin of $10.52 per cwt. Looking back to program year 2023,
there’s an $8.01 increase from June 2023’s margin of $3.65 to the
June 2024 level.