Items Tagged with 'Dairy Margin Coverage'
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A staggering drop in feed costs and a rising milk price in June supported a margin not seen since 2022 for the Dairy Margin Coverage program. With few indemnity payments issued, producers are reminded that premiums for 2024 coverage must be paid by September.
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Dairy risk management calendar: August 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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May DMC margin is $10.52 per cwt
No indemnity payments for the Dairy Margin Coverage program were issued for the third consecutive month. Income over feed costs continue to be favorable for dairy producers despite higher feed prices.
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Dairy risk management calendar: July 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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April DMC margin is $9.60 per cwt
The feed market was strong in April, but milk prices held on to end the month with a $9.60 per hundredweight (cwt) income over feed cost margin. This is the second time in 2024 that indemnity payments are not triggered through the Dairy Margin Coverage program.
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Dairy risk management calendar: June 2024
Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.
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Navigating market volatility with Dairy Revenue Protection
Risk management programs like Dairy Revenue Protection help producers maintain financial stability, especially during times of low milk prices.
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March DMC margin is $9.65 per cwt
Feedstuff and milk prices held steady in March for a DMC margin of $9.65 per cwt, the first since December 2022 to not trigger a payment through the dairy risk management program.
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