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Dec 2014 Expected LGM- Dairy Margins   2013-14 Actual MPP      Margins 5-Year Average LGM-Dairy Margins
Dec $11.04 $6.28
Jan $13.31 $5.99
Feb $6.65 $13.31 $6.49
March $6.50 $13.89 $6.33
April $6.73 $13.89 $6.06
May $7.00 $11.95 $5.73
June $7.23 $11.95 $5.84
July $7.32 $13.21 $6.19
August $7.67 $13.21 $7.29
September $7.94 $15.53 $7.79
October $7.98 $15.53 $8.61
November $7.91 $11.04 $8.25

Chart compares the new Dairy MPP program and the historical LGM-Dairy values. Producers should add an average basis of $1.50 to LGM-Dairy values to compare to the Farm Bill Margin Protection Program margins

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