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Progressive Dairy provides updates on dairy-related organizations and companies, compiled from staff news sources and industry press releases. Email industry and organization news to Progressive Dairy Editor Jenna Hurty.
Higher milk prices offset an increase in feed costs, boosting November’s Dairy Margin Coverage (DMC) program income margin to $9.14 per hundredweight (cwt), according to preliminary calculations by Progressive Dairy.
Editor's note: This article has been updated from the original, noting that the DMC hay adjustment payments are subject to a sequestration deduction rate of 5.9% on 2020 payments and 5.7% on 2021 payments.
The USDA’s implementation of higher hay prices used in feed cost calculations will have an impact on the largest number of dairy producers participating in the Dairy Margin Coverage (DMC) program.
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