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Dairy profitability improved in June

The National Ag Statistics Service reports the cost of feed to produce 100 pounds of milk increased 15 cents in June to $11.48. Corn increased 28 cents to average $6.58 per bushel, soybeans were a dime higher at $13.30 per bushel but alfalfa hay dropped $6 to $180 per ton. Meanwhile the all milk price for June increased a $1.40 from May to an estimated $21.00 per hundredweight putting the profit over feed cost at $9.52 per hundred, up $1.25 from May. The June all milk price is $5.60 higher than June of 2010.

The average price received for milk cows in the United States at the end of April was $1,420 up $120 from the end of January and $90 above April of 2010. Wisconsin had the highest average price t $1,520 while Missouri had the lowest of the 23 major dairy states at $1,280. California was $1,300.

Read the full NASS Agricultural Prices report here: