The April 2017 milk production budgets for Iowa and Nebraska deteriorated compared to March according to the monthly budget study from Nebraska Extension Educator Robert Tigner. Total gross income was down by just under $1 per cwt because of a drop in the PPD, butterfat price, protein price and quality premium. For the 20,000 pound milk budget, total feed costs were down slightly, 0.15 per cwt, because of the drop in hay prices for new crop alfalfa. Total returns to management were down $0.90 per cwt but still positive at $0.67 per cwt. for the 20,000 pound budget.
His detailed report can be found by clicking her: Copy of April-dairy budget.