Dairy MPP Payment For May/June Hardly Worth Cashing
USDA’s Farm Service Agency announced prices for corn, alfalfa, soybean meal and milk this afternoon, showing a milk-feed margin of $8.16. Combined with the May margin of $7.83, the average May-June margin was $7.9953.
If produces selected the $8 margin insurance, they will receive a payment of 0.47¢/cwt.
Sign-up for the 2016 is currently underway, and ends September 30.
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