# Payments triggered for February DMC margin of $8.46 per cwt

> USDA NASS Ag Prices data showed the February Dairy Margin Coverage margin at $8.46/cwt, with a milk price of $18.30 and total feed costs of $9.84/cwt. Corn averaged $4.11/bu and soybean meal $312.38/ton, both slightly higher than January. DMC indemnity payments will go to participating farms.

- Date: 2026-04-01 · published 2026-04-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6428-payments-triggered-for-february-dmc-margin-of-8-46-per-cwt
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Modest increases in corn and soybean meal raised feed costs, but a stronger milk price offset most of the gain. Feed-cost pressure remains a factor for dairy margins and feed demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-16 | [Market Trends Report - February & March 2021 - Grain Farmers of Ontario](https://feedsoft.ai/events/9249-market-trends-report-february-and-march-2021-grain-farmers-of-ontario.md) | +1.5% | -3.8% |
| CORN | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | +1.7% | -1.8% |
| CORN | 2018-06-18 | [Market Trends Commentary for June-July 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/12355-market-trends-commentary-for-june-july-2018-grain-farmers-of-ontario.md) | -0.9% | -3.9% |
| CORN | 2023-02-19 | [CIH Hog Margin Watch: February - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/37474-cih-hog-margin-watch-february-swineweb-com-complete-swine-news-markets.md) | -2.6% | -4.3% |
| CORN | 2018-03-01 | [Dairy, Cereals Push Food Prices Up in February
						 \| The Beef Site](https://feedsoft.ai/events/10924-dairy-cereals-push-food-prices-up-in-february-the-beef-site.md) | +0.8% | +1.3% |
| SBM | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | -1.7% | -8.2% |
| SBM | 2022-01-17 | [Market Trends Report – January & February 2022 - Grain Farmers of Ontario](https://feedsoft.ai/events/11815-market-trends-report-january-and-february-2022-grain-farmers-of-ontario.md) | -9.7% | +3.3% |
| SBM | 2024-01-15 | [Latest trends in marine ingredients market following Peru's closure of anchovy fishing season - All Fish News](https://feedsoft.ai/events/32059-latest-trends-in-marine-ingredients-market-following-peru-s-closure-of-anchovy.md) | +1.1% | -1.2% |

## Sources

- agproud.com: https://www.agproud.com/articles/63228-payments-triggered-for-february-dmc-margin-of-846-per-cwt

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