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August

LGM-Dairy     Historic MPP  5 Year

Expected Margins   Margins  LGM-Dairy

November $10.3887 $9.37
December $9.3610 $8.12
January $6.06 $8.1171 $6.96
February $7.13 $6.8835 $6.81
March $7.24 $6.7684 $7.68
April $7.43 $6.6164 $7.69
May $7.47 $6.7809 $7.34
June $7.54 $7.3652 $7.57
July $7.75 $6.7181 $7.68
August $7.91 $7.4266 $9.06
September $8.09 $8.2576 $9.80
October $7.97 $10.0033 $9.39

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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