# Milk Price and DMC Margin Outlooks Pull Back from Recent Records - NMPF

> The US average milk price fell $0.40/cwt in June from May's record to $26.90/cwt. The futures-based milk price forecast for June through December has dropped more than $2/cwt since June 1. Dairy Margin Coverage margins are not expected to fall below $11/cwt in futures, though USDA's decision tool shows margins near $9.50/cwt for July through November.

- Date: 2022-08-02 · published 2022-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4578-milk-price-and-dmc-margin-outlooks-pull-back-from-recent-records-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower forward milk prices and softer retail and food service demand reduce producer margins. The gap between futures and USDA forecasts adds uncertainty about dairy income ahead.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2022-08-02 | 1 | -10.6% | -10.7 | Aug 2 report of falling milk price and futures forecasts (down over $2/cwt since June 1) reflects the bearish repricing, though it is a lagging summary of the decline. |
| MILK | 2022-08-08 | 5 | -11.5% | -4.2 | Futures-based milk price forecasts fell more than $2/cwt since June, reflecting a bearish repricing, though the report is partly backward-looking. |

## Sources

- nmpf.org: https://www.nmpf.org/milk-price-and-dmc-margin-outlooks-pull-back-from-recent-records/

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