Risk Management
2024 DMC program enrollment to begin Feb. 28
Payments that were triggered in January will be dispersed as soon as March 4.
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Dairy risk management calendar: February 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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DMC program software update likely in February or March
The new software is necessary to make milk production history modifications for the 2024 DMC coverage period.
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Economic Update: Lots of dairy numbers to start the new year
Concerns over higher interest rates, input inflation and supplies are subsiding.
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November 2023 DMC margin moves above indemnity trigger
Small changes in the U.S. average feed cost and milk price were enough to push November’s Dairy Margin Coverage (DMC) margin higher.
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Dairy risk management calendar: January 2024
The 2024 Dairy Margin Coverage (DMC) program enrollment period should be announced soon.
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Economic Update: January 2024 Class I base price weakens
‘Average-of’ formula continues to impact price
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Look for 2024 DMC program enrollment details early next year
As we saw in recent years, using beginning of the year milk and feed price forecasts to determine DMC participation can be risky.
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Weekly Digest: DMC payments, dairy export updates
The USDA’s dairy export forecast is reduced as the overall ag trade deficit grows.
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