# Dairy risk management calendar: December 2023 | Ag Proud

> Congress extended the Dairy Margin Coverage program into 2024 through a stop-gap spending measure signed in November, and folded the Supplemental DMC program into the regular program. The September DMC margin was $8.44 per cwt, triggering small Tier I indemnity payments. October margins were expected to improve.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/6755-dairy-risk-management-calendar-december-2023-ag-proud
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

DMC payments create a farm-level revenue floor that can support production when margins are weak. Improving margins reduce the likelihood of indemnity payments, which means less support for producers in the near term.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2020-12-01 | [News for Dairy Co-ops - December 2020 - NMPF](https://feedsoft.ai/events/4225-news-for-dairy-co-ops-december-2020-nmpf.md) | -33.9% | -32.3% |
| MILK | 2023-10-31 | [2023 Dairy outlook update: Little margin improvement in 2023 - Dairy Producer](https://feedsoft.ai/events/33627-2023-dairy-outlook-update-little-margin-improvement-in-2023-dairy-producer.md) | +1.8% | +1.6% |
| MILK | 2023-05-03 | [2023 Dairy outlook update - Dairy Producer](https://feedsoft.ai/events/35962-2023-dairy-outlook-update-dairy-producer.md) | -11.9% | -13.2% |
| MILK | 2016-06-23 | [June sales period offers dairy margin protection option -  \| Ag Proud](https://feedsoft.ai/events/4754-june-sales-period-offers-dairy-margin-protection-option-ag-proud.md) | 0.0% | +15.5% |
| MILK | 2020-08-13 | [Manage Risk During Milk's Wild Price Ride - EDairy News English](https://feedsoft.ai/events/51775-manage-risk-during-milk-s-wild-price-ride-edairy-news-english.md) | +1.6% | -15.4% |

## Sources

- agproud.com: https://www.agproud.com/articles/58717-dairy-risk-management-calendar-december-2023

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