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May 2015 Expected LGM- Dairy Margins   2014-15 Actual MPP     Margins 5-Year Average LGM-Dairy Margins
May $11.95 $5.73
June $11.95 $5.84
July $9.00 $13.21 $6.19
August $9.33 $13.21 $7.29
September $9.53 $15.51 $7.79
October $9.56 $15.51 $8.63
November $9.45 $12.03 $8.27
December $9.23 $12.03 $6.68
January $8.89 $8.00 $6.27
February $8.81 $8.00 $6.88
March $8.73 $6.65
April $8.63 $6.25

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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