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Sept 2014 Expected LGM- Dairy Margins   2013-14 Actual MPP      Margins 5-Year Average LGM-Dairy Margins
Oct $8.91 $6.52
Nov $11.04 $6.85
Dec $11.53 $11.04 $6.85
Jan $9.63 $13.31 $5.99
Feb $9.15 $13.31 $6.49
March $8.99 $13.89 $6.33
April $8.29 $13.89 $6.06
May $8.76 $11.95 $5.73
June $8.68 $11.95 $5.84
July $8.76 $13.21 $6.19
August $8.73 $13.21 $7.29
September $8.70 $14.70 $7.80

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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