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September  2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
September  $9.16485 $8.46
October  $9.16485 $8.89
 November $7.92 $10.54387 $8.87
December $7.77 $10.54387 $7.55
 January $7.55  $10.8206 $7.51
 February $7.54  $10.8206 $7.58
 March $7.56 $8.9498 $7.25
April $7.51 $8.9498 $7.38
May $7.59 $8.97093 $7.14
June $7.67 $8.97093 $7.03
July $7.91 $9.0771 $7.51
August $8.02 $8.42515 $7.49

Chart compares the Dairy Margin Protection 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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