Milk and feed prices are extremely volatile from one month to the next and can have an adverse impact on a dairy farm's gross profitability. If milk prices fall and feed costs rise, farm profits can be squeezed. The key is to develop a system to monitor and budget milk prices and feed costs in order to have some degree of control over gross profits. In this publication, two measures are developed to monitor milk prices and feed costs.
Dairy Risk-Management Education: Tracking Milk Prices and Feed Costs
Title Dairy Risk-Management Education: Tracking Milk Prices and Feed Costs
Publication Code UA443
Number of Pages 6