# No September DMC indemnity payments as margin jumps - Progressive Dairy | Ag Proud

> USDA's Oct. 31 Ag Prices report put the September DMC margin at $10.41 per cwt, above the $9.50 insurable threshold, so no indemnity payments were triggered. The September US all-milk price rose 40 cents to $19.30 per cwt, the highest monthly price since December 2014, while feed costs continued to fall.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4108-no-september-dmc-indemnity-payments-as-margin-jumps-progressive-dairy-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher milk prices combined with lower feed costs widen dairy margins, which tends to encourage herd feeding and supports milk prices.

## Read by commodity

- CORN: bearish ▼
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-11-14 | [October brought another surge in negative PPDs - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/50302-october-brought-another-surge-in-negative-ppds-progressive-dairy-ag-proud.md) | +0.0% | -31.7% |
| MILK | 2021-04-10 | [WASDE: USDA sees more milk and price improvement too - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/47768-wasde-usda-sees-more-milk-and-price-improvement-too-progressive-dairy-ag-proud.md) | -0.2% | +6.4% |
| MILK | 2019-12-11 | [2020 milk price outlook improves - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/55581-2020-milk-price-outlook-improves-progressive-dairy-ag-proud.md) | -0.3% | -12.8% |
| MILK | 2019-09-19 | [U.S. milk production growth remains small in August - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/57060-u-s-milk-production-growth-remains-small-in-august-progressive-dairy-ag-proud.md) | +0.1% | +2.0% |
| MILK | 2022-01-14 | [December FMMO uniform prices are highest since 2014 - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/43145-december-fmmo-uniform-prices-are-highest-since-2014-progressive-dairy-ag-proud.md) | -0.1% | +2.4% |
| CORN | 2018-08-30 | [MPP-Dairy payments rise for July milk -  \| Ag Proud](https://feedsoft.ai/events/4766-mpp-dairy-payments-rise-for-july-milk-ag-proud.md) | +2.0% | +4.0% |
| CORN | 2021-09-11 | [USDA outlook reduces milk production estimates, forecasts better margins - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/45074-usda-outlook-reduces-milk-production-estimates-forecasts-better-margins.md) | +0.1% | -3.1% |
| CORN | 2016-12-23 | [Cattle prices declined in October - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/73417-cattle-prices-declined-in-october-progressive-cattle-ag-proud.md) | +0.8% | +3.6% |

## Sources

- agproud.com: https://www.agproud.com/articles/37258-no-september-dmc-indemnity-payments-as-margin-jumps

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.