The September 2017 milk production budgets for Iowa and Nebraska compiled by UNL Extension Educator Robert Tigner showed very little change in the budgeted breakeven price for Sept 2017 compared to August. All of the following comparisons will be utilizing the 20,000 pound freestall budget. Total income declined by $0.104 per hundredweight but feed cost declined too, 8.55 cents per hundredweight. Total variable costs were down at 8.7 cents per hundredweight. Return to management declined by 1 cent per hundredweight to $1.81.
Even though the PPD and butterfat prices were lower month over month, BF and protein test rose which offset the loss of component prices.
His detailed report can be found by clicking here:
Tigner will give the the milk outlook at the Siouxland Dairy Lenders Seminar in Rock Rapids on November 2.