March dairy budget. Returns to management for milk produced in the Central milk market order declined 42 cents/cwt in March 2017 but were still positive at $1.57/cwt. The largest decline was in income with a drop of protein income. As you may know the protein price dropped during March, $-1.31555/cwt of 20,000 pound cows, but the PPD increased by $0.48/cwt. Feed costs were slightly lower but less than 1 cent/cwt. The Central Order March butterfat price was virtually the same as February's, down less than 1 cent per pound.