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July

LGM-Dairy     Historic MPP  5 Year

Expected Margins   Margins  LGM-Dairy

July $9.67123 $6.99
August $9.67123 $8.78
September $7.49 $9.99619 $9.52
October $7.57 $9.99619 $9.39
November $7.43  $9.87485 $9.37
December $7.28  $9.87485 $8.12
January $7.11  $8.1171 $6.96
February $7.06 $6.8835 $6.81
March $7.05 $6.7684 $7.68
April $7.12 $6.6164 $7.69
May $7.17 $6.7809 $7.34
June $7.24 $ $7.57

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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