# DMC enrollment to commence as USDA expects higher milk prices in 2024

> USDA opened Dairy Margin Coverage (DMC) sign-up for 2024 from February 28 to April 29, with payments possibly starting March 4. The rules now let producers under 5 million pounds of production make a one-time production history adjustment.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/5462-dmc-enrollment-to-commence-as-usda-expects-higher-milk-prices-in-2024
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The safety net supports farm margins and does not directly move milk prices, so its effect on the market is limited.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-04-10 | [USDA: California milk prices higher in federal system \| Capital Press](https://feedsoft.ai/events/65653-usda-california-milk-prices-higher-in-federal-system-capital-press.md) | -0.3% | +5.7% |
| MILK | 2017-11-08 | [High stakes milk producers as they await action from USDA, Congress \| 2017-11-07 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10558-high-stakes-milk-producers-as-they-await-action-from-usda-congress-2017-11-07.md) | +2.1% | -5.8% |
| MILK | 2024-07-01 | [USDA Issues Recommended Decision Proposing Amendments to  all Eleven Federal Milk Marketing Orders \| Agricultural Marketing Service](https://feedsoft.ai/events/29262-usda-issues-recommended-decision-proposing-amendments-to-all-eleven-federal.md) | -0.7% | -0.5% |
| MILK | 2025-01-29 | [Dairy economist expects offsets to new higher FMMO make allowances  - Brownfield Ag News](https://feedsoft.ai/events/26665-dairy-economist-expects-offsets-to-new-higher-fmmo-make-allowances-brownfield.md) | +0.0% | -0.6% |
| MILK | 2023-12-20 | [How would FMMO changes affect milk prices?](https://feedsoft.ai/events/32711-how-would-fmmo-changes-affect-milk-prices.md) | -0.1% | -5.9% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2024/02/26/dmc-enrollment-to-commence-as-usda-expects-higher-milk-prices-in-2024/

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