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Feb 2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
March $7.1486 $6.49
April $7.1486 $6.06
 May $8.25 $5.76277 $6.20
June $8.41 $5.76277 $5.83
 July $8.58  $8.42515 $5.97
 August $8.72 $8.42515 $7.49
 September $8.71 $9.16485 $8.46
October $8.73 $9.16485 $8.89
November $8.64  $10.54387 $8.87
December $8.34 $10.54387 $7.34
January $8.15 $8.00928 $6.99
February $8.10 $8.00928 $6.71

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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