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April 2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
May $5.76277 $6.20
June $5.76277 $5.83
 July $8.00 $8.42515 $5.97
August $8.38 $8.42515 $7.49
 September $8.59 $9.16485 $8.46
 October $8.54 $9.16485 $8.89
 November $8.36 $10.54387 $8.87
December $8.16 $10.54387 $7.34
January $7.98 $10.8206 $6.99
February $7.93 $10.8206 $6.71
March $7.87 $7.1485 $6.49
April $7.77 $7.1486 $6.06

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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