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November 2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
November  $10.54387 $8.87
December $10.54387 $7.55
 January $7.09 $10.8206 $7.51
February $6.98 $10.8206 $7.58
 March $6.87  $8.9498 $7.25
 April $6.90  $8.9498 $7.38
 May $6.97 $8.97093 $7.14
June $7.16 $8.97093 $7.03
July $7.47 $9.67123 $7.51
August $7.56 $9.67123 $7.49
September $7.54 $9.16485 $8.46
October $7.62  $9.16485 $8.89

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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