USDA’s Risk Management Agency is modifying the sales period over weekends for Dairy Revenue Protection because of the high volatility of milk prices.
Starting June 5, 2020, the sales period will begin no later than 4:30 p.m. Central Time (CT) when the coverage prices and rates are published and will end at 9:00 a.m. CT of the following business day or 9:00 a.m. CT on Sunday, whichever is earlier.
The next sales period will begin no later than 4:30 p.m. CT on the following business day.
This change only impacts when milk producers can purchase DRP quarterly endorsements, not the timing of indemnity payments.
This modification will also be incorporated into the DRP policy for the 2022 crop year.
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