No DMC payments again for November
January 5, 2023
The November DMC margin was $10.89/cwt, eighteen cents higher than the October margin, as costs fell faster than prices.
The U.S. average all-milk price dropped $0.30/cwt in November from a month earlier to $25.60/cwt, while the DMC November feed cost was $0.48/cwt lower than the prior month, driven mostly, in equal measure, by lower soybean meal and premium alfalfa hay prices.
Available forecasts currently project the DMC margin will fall below $9.50/cwt during the first three quarters of 2023. Enrollment for both calendar year 2023 DMC and Supplemental DMC closes on Jan. 31.