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May 2015 Expected LGM- Dairy Margins   2014-15 Actual MPP     Margins 5-Year Average LGM-Dairy Margins
June $11.95 $5.84
July $13.21 $6.19
August $9.56 $13.21 $7.33
September $9.75 $15.51 $7.83
October $9.73 $15.51 $8.64
November $9.66 $12.03 $8.24
December $9.42 $12.03 $6.60
January $9.00 $8.00 $6.15
February $8.94 $8.00 $6.51
 March $8.96 $7.53 $6.33
April $8.91 $6.06
May $8.89 $5.72

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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