January 2018 MPP Margin $8.11
USDA says the Margin Protection Program (MPP) milk-feed margin for January at $8.11 per cwt. That’s the lowest the figure has been since July of 2016 and a significant decline from the $9.36 margin recorded in December.
Tuesday’s USDA agriculture prices report showed corn at $3.29 per bushel, alfalfa hay at $152 per ton, soybean meal at $322.59 per ton and the all milk price at $16.10 per cwt. Alfalfa hay and soybean meal posted marginal increases in price. The driving factor of the margin decline was a $1 per cwt decline in the all-milk price from December 2017 to January 2018.
The lowest the milk-feed margin since the program started was $5.75 in June 2016.