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October 2020
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Dairy Manager Latest Results

Analysis of Kingshay’s dairy costed herds service show milk prices for August 2020 to be 2% lower compared to August 2019 (27.7ppl compared to 28.4ppl last year), although the gap is closing as the months go on.

The graph highlights the milk price over the last 3 years. As you can see, milk price has been tracking a very similar course to 2018 until the last 2 months where a summer/autumn rise is yet to be seen. This reduction in milk price has continued the decrease in margin over purchased feed per cow, which is now 7% lower at £124 per cow compared to £134 in August 2019. Concentrate prices are very similar at £237 per tonne for August 2020 and £238 for August 2019.

Milk yields were again similar in August 2020 at 25.3 l/cow/day to 2019. The yield has tracked almost identically to figures in 2019 since May. August however is the first month that the yield has dipped lower than the yields of 2018 which was 25.5 l/cow/day in August.

Concentrate use has increased to 7.8kg per cow per day or 0.31kg/litre compared to 7.4kg per cow last month, however this is similar to August 2019. Milk from forage has continued to decrease from the previous month at 8.5 l/cow/day, and down 2% from August 2019. This is the third consecutive month to be lower than last year as illustrated in the graph, which was a good year for forage.

The rolling margins (MOPF) for the year ending August 2020 averaged 20.13ppl or £1,690 per cow. These were reduced from last year by 3.2%. Even though a decrease in feed costs was seen, the lower milk prices meant that the margin over purchased feed was reduced.

Other rolling trends for the year ending August 2020 include -

  • Average herd size increased by 3 cows (up 1.5%) with 198 cows in herd.
  • Yields averaged 8,396 litres per cow, with a marginal reduction on last year of 0.3%
  • Milk from forage increased by 4.6% to 2,783 litres per cow.
  • Cell counts remained low at 162 (‘000), a slight increase on 160 (‘000).
  • Milk price was lower at 28.18ppl, a slight decrease on 29.16ppl.
  • Purchased feed costs of 8.05ppl were 4.5% lower than last year, with annual concentrate prices averaging £237/tonne compared to £245/tonne.

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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 2020 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.