The 20,000 pound dairy budget break even declined slightly for October, $0.0454 per cwt. The return to management improved slightly by $0.1012 per cwt even though the PPD dropped by $0.69 per cwt. And the butterfat price dropped. A big increase in the protein price made up for the differences with total income only dropping $0.042 per cwt. What made up for the drop in income to increase returns to management was the lower cost of feed, $0.14 per cwt.