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May 2024



Dairy Manager Latest Results


The latest monthly analysis of herds using Kingshay’s dairy costings service show milk prices for March 2024 are still rising compared to the previous month, averaging 39.10ppl compared to 38.66ppl in February 2024. Milk prices are 14% lower compared to the same month of the previous year, when they averaged 45.61ppl. Milk yields were slightly higher than the previous February and March, although milk from forage figures were slightly lower at 8.1 litres per cow.

Concentrate prices per tonne for March 2024 have fallen by 13% compared to the same month last year, to £324/tonne. Total concentrate use has stayed the same at 0.33 kg/litre in March 2024, however all purchased feed costs/litre have fallen by 13% to 11.87ppl.



Overall, the margin over purchased feed per cow was 15% lower in March 2024 at £209/cow compared to £245/cow in March 2023.

Yield per cow stayed the same at  27.6 litres/cow/day compared to the same month last year.

Other rolling trends for the year ending March 2024 include -

  • Average herd size decreased by 2.2% to 221 cows in herd.
  • Yields averaged 8,455 litres per cow, a drop of 2.1% compared to last year.
  • Milk from forage decreased by 3.3% to 2,717 litres per cow.
  • Cell counts remained low at 159 (‘000).
  • Milk price decreased to 38.13ppl from 46.74ppl the previous year, a decrease of 18.4%
  • Purchased feed costs of 11.97ppl were lower compared to last year with a decrease of 3.8%, with annual concentrate prices averaging £339/tonne compared to £357/tonne the previous year.

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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 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.