MPP Forecast: July
July 6, 2016
Early July futures for feed and milk prices are pointing toward stronger margins for the remainder of 2016, and into 2017. A rebound in cheese prices, and the continued strength of butter, are boosting expectations for milk prices in the last half of this year, while improved crop growing conditions are keeping a lid on feed costs.
Dairy farmers have from now until Sept. 30 to enroll in the Margin Protection Program for coverage in 2017, or to change their coverage level if they are already participating in MPP. NMPF’s Future for Dairy website offers a variety of educational resources to help farmers select the desired coverage level.