The most recent analysis of herds using Kingshay’s dairy costings service show the gap in milk prices year-on-year have finally started to close with June 2024 milk prices overtaking the same month of the previous year, averaging 39.01ppl compared to 37.51ppl in June 2023. Previously December 2023 milk prices were 26% lower compared to the same month of the previous year, when they averaged 37.87ppl (milk prices averaged 51.33ppl in Dec 2022). Yields were slightly lower than the previous June at 26.9 litres/day. Milk from forage figures were 5% lower at 9.2 litres per cow, compared to the same month of the previous year.
Concentrate prices per tonne for June 2024 have fallen by 12% compared to the same month last year, to £306/tonne. Total concentrate use has dropped slightly by 3% to 0.29 kg/litre in June 2024, however all purchased feed costs per litre have fallen by 12% to 9.81ppl.
Overall, the margin over purchased feed per cow was 11% higher in June 2024 at £201/cow compared to £181/cow in June 2023.
Other rolling trends for the year ending Jun 2024 include -
- Average herd size decreased by 3.9% to 222 cows in herd.
- Yields averaged 8,439 litres per cow, a drop of 2.9% compared to last year.
- Milk from forage decreased by 2.4% to 2,660 litres per cow.
- Cell counts remained low at 160 (‘000).
- Milk price decreased to 37.87ppl from 46.35ppl the previous year, a decrease of 18.3%.
- Purchased feed costs of 11.70ppl were 9.4% lower compared to last year, with annual concentrate prices averaging £328/tonne compared to £366/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.