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MPP Forecast – March

March 4, 2016

NMPF’s forecast for 2016 MPP margins – based on early March milk and feed futures prices – indicates that margins in the first half of 2016 may dip below the $8 threshold in the spring, before strengthening in the latter half of 2016. As evidenced by the wide confidence interval, a high degree of uncertainty remains in milk and new crop feed prices.