The moods of many dairy producers have been boosted by the first quarter performance of their dairy. With significantly higher milk check prices year-over-year, most dairies are making profitable margins according to Trent Dado, independent dairy nutrition and management consultant with GPS Consulting.
“A lot of dairies commented on very healthy balance sheets on quarter one, even though feed prices were pretty elevated,” Dado remarks. “Those that locked in feed prices last summer or early fall are really doing well because they were able to capitalize on some cheaper feed.”
Dado commented that fluctuations in feed ingredients have hit differently, and fat products have recently started showing signs of increased costs.
By KAREN BOHNERT
May 20, 2022
dairyherd.com
