Kingshay’s dairy costings service show milk prices for February 2024 are still rising compared to the previous month, averaging 38.66ppl compared to 38.43ppl in January 2024. Milk prices are still 21% lower compared to the same month of the previous year, when they averaged 49.11ppl. Concentrate prices per tonne for February 2024 have fallen by 14% compared to the same month last year, to £326/tonne. Total concentrate use has stayed the same at 0.34 kg/litre in February 2024, however all purchased feed costs/litre fallen by 13% to 12.21ppl.
Overall, the margin over purchased feed per cow was 23% lower in February 2024 at £190/cow compared to £246/cow in February 2023. Yield per cow deceased slightly by 1% to 27.7 litres/cow/day compared to the same month last year.
Other rolling trends for the year ending February 2024 include -
- Average herd size increased by 0.5% to 220 cows in herd.
- Yields averaged 8,474 litres per cow, similar to last year.
- Milk from forage decreased by 2.9% to 2,723 litres per cow.
- Cell counts remained low at 159 (‘000).
- Milk price decreased to 38.81ppl from 46.02ppl the previous year, a decrease of 15.7%
- Purchased feed costs of 12.13ppl were lower compared to last year with a decrease of 0.2%, with annual concentrate prices averaging £344/tonne compared to £351/tonne the previous year.
More in-depth analysis of herds using Kingshay’s costings service can be found in Kingshay’s Dairy Costings Focus Report or call 01458 851555 for more details.
Analyse your Profit Manager results for the year ending March 2024 now -
- Proportion costs to the Dairy Enterprise
- Analyse the true costs of production for your herd
If you are interested in analysing and comparing your herd’s figures with other similar herds, give us a call on 01458 851555. More details of this simple and easy-to-use service can be found here.