The latest analysis from Kingshay’s dairy costings service for September 2025 shows continued positive trends overall, with despite a recent dip in milk price compared to previous months, feed costs have contibued to decrease.

The average margin over purchased feed for the month was £242 per cow, a 17% increase compared to the same period last year .
September 2025 saw concentrate prices average £298/tonne, a 3% drop compared to September last year and the lowest we have seen since April 2022, this is partly due to a combination of global oversupply driven by favourable harvests worldwide and markets correcting themselves after the sharp rise in prices in 2022/2023. Milk prices for September 2025 averaged 46.29ppl, up by 7% compared to September 2024. However, it’s important to note that recent milk price reductions will not be reflected in the September figures, and their impact will be seen in the coming months.
Milk from forage averaged 6.8 litres/cow/day, a 3% increase compared with September 2024. The prolonged dry weather and lack of grass growth meant many farmers had to feed more concentrates to maintain production. This additional input contributed to higher overall milk yields, which rose by 7% year-on-year to 27.7 litres/cow/day.
Rolling trends for the year ending September 2025 include -
- Concentrate use per cow was up 4.3% compared to last year at 2,978kg/cow.
- Margin over purchased feed per litre was up 19.4% on last year to 33.30ppl.
- Bulk cell counts decreased to 151 (‘000).
- Yields averaged 8,664 litres per cow, increasing by 1.7% compared to the 12 months ending September 2024.
- Milk from forage was down 4.1% compared to the preceding 12 months to 2,457 litres per cow, providing 28% of total yield.
- Purchased feed costs were 11.55ppl, a decrease of 0.7% compared to last year, with concentrate prices of £305/tonne compared to £318/tonne in the previous year.
- Milk price was 13.5% higher than the preceding 12 months at 44.85ppl.
Click here for the full results.
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.
