USDA announces updates to the US Dairy Margin Coverage (DMC) programBeginning Feb. 28, 2024, dairy producers can enroll in the 2024 Dairy Margin Coverage (DMC) program. Spot milk prices are being reported from $0.50-under to $0.50-over Class III prices. FLUID MILK: Milk production at the farm level is variable throughout the U.S. Cheesemakers in the region note spot milk offers have quieted, with some spot trades reported at $0.50-under to $0.50-over Class III. Milk production is trending higher in New Mexico, and processors note spot milk availability is tight.