Average feed costs are up more than $5 per hundredweight compared to a year ago, according to the April 23 Dairy and Food Market Analyst.
“A low-cost dairy farmer that broke-even at $15 per cwt milk in 2020 will now need $20 to make money,” the DFMA stated.
“That means many milk producers, especially those that are buying spot feed and are receiving a milk price that is close to Class IV, are deep in the red.”
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