Analysis of herds using Kingshay’s dairy costings service, show that September milk prices continued to rise over the 40ppl mark. September 2024 milk prices overtook the same month of the previous year, averaging 42.83ppl compared to 37.0ppl in September 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 increased slightly at 26.1 litres/day, 2% higher than the same month last year. Milk from forage figures were 10% lower at 6.6 litres per cow, compared to the same month of the previous year.
Concentrate prices per tonne for September 2024 have fallen by 9% compared to the same month last year, to £305/tonne. Total concentrate use has increased by 6% to 0.36kg/litre in September 2024, however all purchased feed costs per litre have fallen by 6% to 11.81ppl.
Overall, the margin over purchased feed per cow was 28% higher in September 2024 at £204/cow compared to £159/cow in September 2023.
Other rolling trends for the year ending Sep 2024 include -
- Average herd size increased slightly with 228 cows in herd.
- Yields averaged 8,455 litres per cow, a drop of 0.9% compared to last year.
- Milk from forage decreased by 5.9% to 2,567 litres per cow.
- Cell counts remained low at 157 (‘000).
- Milk price decreased to 38.84ppl from 43.73ppl the previous year, a decrease of 11.2%.
- Purchased feed costs of 11.57ppl were 9.2% lower compared to last year, with annual concentrate prices averaging £318/tonne compared to £362/tonne the previous year.
- Margin over purchased feed was down 12.8% to £2,306/cow or 27.27 pence per litre.
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.
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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.