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October  2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
October  $9.16485 $8.89
November $10.54387 $8.87
 December $7.92 $10.54387 $7.55
January $7.53 $10.8206 $7.51
 February $7.45  $10.8206 $7.58
 March $7.32  $8.9498 $7.25
 April $7.22 $8.9498 $7.38
May $7.27 $8.97093 $7.14
June $7.44 $8.97093 $7.03
July $7.58 $9.67123 $7.51
August $7.77 $9.67123 $7.49
September $7.83  $9.16485 $8.46

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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