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July  2017 Expected LGM – Dairy Margins  2016 – 2017 Actual MPP Margins 5-Year Average LGM-Dairy Margins
July $8.42515 $5.97
August  $8.42515 $7.49
 September $8.03 $9.16485 $8.46
October $8.21 $9.16485 $8.89
 November $8.25 $10.54387  $8.87
 December $8.08  $10.54387 $7.55
 January $7.82 $10.8206 $7.51
February $7.80 $10.8206 $7.58
March $7.71 $8.9498 $7.25
April $7.66  $8.9498 $7.38
May $7.66 $5.76277 $6.20
June $7.75 $5.76277 $5.83

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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