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June  2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
June $5.76277 $5.83
July  $8.42515 $5.97
 August $8.77 $8.42515 $7.49
September $8.94 $9.16485 $8.46
 October $8.96 $9.16485  $8.89
 November $8.83   $10.54387 $8.87
 December $8.60 $10.54387 $7.34
January $8.22 $10.8206 $6.99
February $8.10 $10.8206 $6.71
March $8.01  $7.1486 $6.49
April $7.86 $7.1485 $6.06
May $7.85 $5.76277 $6.20

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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