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Sept 2014 Expected LGM- Dairy Margins   2013-14 Actual MPP      Margins 5-Year Average LGM-Dairy Margins
Sept $8.91 $5.62
Oct $8.91 $6.52
Nov $13.59 $11.04 $6.85
Dec $12.25 $11.04 $6.28
Jan $10.65 $13.31 $5.99
Feb $9.91 $13.31 $6.49
March $9.51 $13.89 $6.33
April $9.42 $13.89 $6.06
May $9.37 $11.96 $5.73
June $9.33 $11.96 $5.84
July $9.51 $12.97 $6.19
August $9.48 $12.97 $7.31

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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