The USDA’s Farm Service Agency has extended the 2023 Dairy Margin Coverage (DMC) enrollment and coverage election period until Jan. 31, 2023. The program deadline was originally scheduled to close on Dec. 9, 2022.

Reminder: Dairy producers can enroll and make 2023 DMC coverage elections through Dec. 9 at USDA Farm Service Agency offices.

Dairy markets have fluctuated in recent weeks. With the calendar turning to December, a couple of dairy risk management deadlines are approaching quickly.

A narrower gap in October Federal Milk Marketing Order (FMMO) Class IV and Class milk prices starts to reduce the incentive to depool Class IV milk.

Reminder: Dairy producers can enroll and make 2023 DMC coverage elections through Dec. 9 at USDA Farm Service Agency offices.

Impacts of higher processing costs could drive the spread between all-milk and mailbox prices wider.

• 2023 DMC enrollment period is Oct. 17-Dec. 9
• Farm bill dairy provisions reviewed
• California, New York approve farm labor laws
• GDT product prices decline
• Ag producer sentiment drifts lower

June 2022 “mailbox” prices averaged about $1.03 per hundredweight (cwt) less than announced average “all-milk” prices for the same month.