§ 9052. Calculation of average feed cost and actual dairy production margins

• (a) The Secretary shall calculate the national average feed cost for each month using the following data:
  • (1) The price of corn for a month shall be the price received during that month by farmers in the United States for corn, as reported in the monthly Agricultural Prices report by the Secretary.
  • (2) The price of soybean meal for a month shall be the central Illinois price for soybean meal, as reported in the Market News–Monthly Soybean Meal Price Report by the Secretary.
  • (3) The price of alfalfa hay for a month shall be the price received during that month by farmers in the United States for alfalfa hay, as reported in the monthly Agricultural Prices report by the Secretary.
• (b)
  • (1) For use in dairy margin coverage, the Secretary shall calculate the actual dairy production margin for each month by subtracting—
    • (A) the average feed cost for that month, determined in accordance with subsection (a); from
    • (B) the all-milk price for that month.
  • (2) The calculation required by this subsection shall be made as soon as practicable using the full-month price of the applicable reference month.