MPP Forecast: September
September 7, 2016
Early September futures for feed and milk prices indicate that MPP margins should continue rebounding from the $5.76 per hundredweight rate announced for the May-June period. The monthly MPP margin for July was $7.59 per hundredweight, and USDA’s MPP decision tool still projects just a 33% probability that the combined July-August margin will be less than $8 per hundredweight, with margins above $9 projected for this fall and into next year. USDA’s MPP margin forecasts are updated daily here.