milk
December 1, 2016

MPP Pay Period Margin Reaches 2016 High

 |  By: Anna-Lisa Laca

October Margin Protection Program results were released by USDA this week. Corn inched up from its all-time low in August to $3.29/bu. Alfalfa hay hit a new low in October coming in at $135/ton and soybean meal was reported at $323.27/ton. The October all-milk price fell slightly to $16.60/cwt making the milk margin above feed costs $8.84/cwt.

With the September margin calculated at $9.48 the average for September and October, on which payments will be based, came to $9.16. This is the highest milk margin for a two month period since the 2015 November/December margin.

Check out this chart showing milk margin above feed costs for every month so far this year.

This block is broken or missing. You may be missing content or you might need to enable the original module.