June Dairy Budget

June produced some change in both the income and expense side of the Nebraska and Iowa dairy budgets. Dairy income rose by 69.77 cents/cwt. due to a rise in both butterfat and protein price, which offset a drop in butterfat and protein content. PPD also increased by 13 cents per cwt. But the income rise also saw a rise in feed costs, up by $1.10565 per cwt. All feed costs rose except cottonseed which were flat. All of this net a decline in returns to management of $0.39 per cwt. Returns to management remained positive at $0.48 per cwt.