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August  2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
August $8.42515 $7.49
September  $9.16485 $8.46
 October $9.37 $9.16485 $8.89
November $9.19 $10.54387 $8.87
 December $8.95 $10.54387 $7.55
 January $8.67  $10.8206 $7.51
 February $8.64 $10.8206 $7.58
March $8.58 $8.9498 $7.25
April $8.44 $8.9498 $7.38
May $8.44  $8.97093 $7.14
June $8.49 $8.97093 $7.03
July $8.58 $8.42515 $7.51

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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