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August 2020
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Dairy Manager Latest Results

Analysis of herds using Kingshay’s dairy costings service show a fall of 4% in average milk prices for May 2020 compared to May 2019 (26.44ppl compared to 27.56ppl last year). This has resulted in margins per cow decreasing by 5% to £149 per cow compared to £157 in May 2019. Concentrate prices have continued to drop again this month, £238 per tonne for May 2020 compared to £240 per tonne in May 2019. This shows Covid-19 is starting to impact on margins by affecting milk prices, but would milk prices have started to drop anyway?

dm graph
Milk yields were again similar in May 2020 at 27.7 l/cow/day. The graph highlights monthly changes to daily milk yields compared to the previous year. Each month saw an increase, compared to the same month in the previous year since January 2019, although as the graph shows, from September through to December milk yield showed very little change. January and April showed an increase in yields for the first time since September 2019 compared to the same month of the previous year. March 2020 is showing the biggest decrease in daily milk yields over the last 12 months.

forage graph

Concentrate use was down by 4% at 7.2 kg per cow per day or 0.26kg/litre compared to May 2019. Therefore milk from forage saw a 3% increase at 12 l/cow/day, as illustrated in the graph.

The rolling margins (MOPF) for the year ending May 2020 averaged 20.40ppl or £1,735 per cow. These were similar to last year, due to a decrease in feed costs, although with slightly lower milk prices.

 

 

Other rolling trends for the year ending May 2020 include -

  • Average herd size increased slightly by 1.5% with 204 cows in herd.
  • Yields averaged 8,506 litres per cow, a 1.2% increase on last year.
  • Milk from forage increased by 9.4% to 2,807 litres per cow.
  • Cell counts remained low at 161 (‘000), a slight increase on 158 (‘000).
  • Milk price decreased slightly at 28.41ppl, a slight decrease on 29.06ppl.
  • Purchased feed costs of 8.02ppl were 5.2% lower than last year, with concentrate prices averaging £236/tonne compared to £243/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.