Markets & Management

Late last week, the USDA announced the August Dairy Margin Coverage (DMC) margin at $8.08 per cwt. This represents the third month in a row of margin deterioration and the first DMC  margin of the year to drop below the maximum $9.50 per cwt margin coverage. The August margin fell $1.84 per cwt compared to July. Like the previous three monthly declines, the August  margin was the result of declining U.S. all-milk price that was compounded by record high DMC feed cost. Read More