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42 Farms, 12 months

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  • Cornell Cooperative Extension
  • Cornell Dairy
  • PRO-DAIRY
  • Animal Science
This update was released in the September 2023 issue of PRO-DAIRY's e-Leader newsletter, distributed to an email list of nearly 7,000 dairy producers, agriservice, and legislators.
 
With the unpredictable cycles in the dairy industry and fluctuations in prices, it is important to continually monitor performance of your dairy business. The PRO-DAIRY Business Management team has released a fact sheet that shows trends in the monthly average and range (one standard deviation above and below the average) for dairy performance metrics measured in the Dairy Profit Monitor from July 2022 through June 2023 for 42 farms, primarily in New York State. Graphs in the fact sheet also show the averages for these same farms in the prior year (July 2021 through June 2022) as a comparison.
 
Some observations:
  • Milk per cow followed similar seasonal trends as in past years, falling from July to December, then rising through June. Milk production averaged one to two pounds higher month over month for most of the last 12 months.
  • While milk production fell through December before rebounding, pounds of components started to increase in August and have held relatively constant from March to June.   
  • Percent forage in the diet started lower than the previous year but ended up higher by June of 2022.
  • In June 2022, the net milk price before risk management programs averaged $27.03 per cwt., while the average in June 2023 was $17.93 per cwt. This significant decrease led to an dramatic decrease in net milk income over total feed costs per cow.
  • While not nearly enough to offset the decrease in milk prices, total lactating feed cost per cwt. started to decrease in January of 2023.
  • As labor costs continue to increase in NY, labor efficiency measured by milk sold per worker equivalent followed the same seasonal trend as the previous 12 months and is averaging slightly higher than the previous year.

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