Herds using Kingshay’s dairy costings service are showing milk yields per cow are 4% higher than last year as a result from the increased use of purchased feeds.
For November 2024, milk from forage (MFF) was down by 4% to 6.6 litres/cow/day. Feed rates of bought in feeds were higher as herds were fed more purchased feed to keep yields up as shown by conc. use increasing by 6% that month. Fortunately concentrate prices per tonne were 6% lower at £306/tonne compared to Nov 2023. Therefore all purchased feed costs/litre increased by 6% to 13.55ppl.
November 2024 milk prices averaged 45.51ppl, an increase of 21% compared to the same month of the previous year where milk prices averaged 37.74ppl.
Overall, margin over purchased feed (MOPF) per cow was 32% higher at £233/cow, mainly due to higher milk prices, compared to £176/cow in Nov 2023.
Other rolling trends for the year ending Nov 2024 include -
- Average herd size decreased slightly with 225 cows in herd.
- Yields averaged 8,471 litres per cow, a drop of 1.5% compared to last year.
- Milk from forage decreased by 8.2% to 2,553 litres per cow.
- Cell counts remained low at 155 (‘000).
- Milk price decreased to 39.97ppl from 41.83ppl the previous year, a decrease of 4.4% but is increasing gradually month on month.
- Purchased feed costs of 11.56ppl were 7.1% lower compared to last year, with annual concentrate prices averaging £315/tonne compared to £353/tonne the previous year.
- Margin over purchased feed was down 4.8% to £2,407/cow or 28.41 pence per litre.
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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 -
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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.