Feed Ingredient Prices

Increasing ingredient costs have wreaked havoc across the dairy industry, leading to elevated ration costs not seen in many years. Feed costs per pound of dry matter are rising as much as 20% or more as corn and soybean meal prices climb, minimizing farmers’ profit margins.

While some producers were fortunate enough to have protected their operations through contracted ingredient pricing prior to the ingredient pricing climb, others are looking for ways to implement cost-saving measures to minimize the high-cost burden of current market feed prices. Outlined below are several factors to consider to help improve your ration economics while maintaining milk yield. Corn grain, whole soybeans, soybean meal, distillers’ grains and quality hay prices are all on the rise. Corn grain and whole soybeans recently reached cost-per-bushel prices not seen since 2013.

Soybean meal prices have followed suit, with their highest price per ton since 2014. The current forecasted planting estimates are 1–8% higher than 2020’s planted acres, with better-than-average commodity prices expected at harvest. While high commodity prices are great for those producers who can raise more than what they need on the farm, producers who rely on purchasing commodities as ration ingredients are currently facing tough decisions.

Features of Feed Ingredient

  • Carefully evaluate the economic impact of reducing corn/starch and/or protein supplements in your rations prior to making any changes.
  • Do not give up milk yield or milk components, as this will drastically impact your bottom line.
  • Evaluate alternative sources of energy using fermentable carbohydrates as an opportunity to adjust levels.
  • Rely on your nutritionist to predict the impact that a change in protein sources will have on your animals’ performance (e.g., RDP vs. RUP vs. amino acids), and continue to monitor MUN values.
  • Consider culling cows or drying cows up early (e.g., those who are not currently paying for themselves with lower levels of milk production).  
  • Enhance protocols to minimize on-farm feed shrink and optimize your feed bunk management strategies.
  • Continue to calculate feeding economic values, such as the ones below, to ensure that you will remain profitable in the coming year:
    • Income over feed costs
    • Feed costs per pound of dry matter intake
    • Feed costs per cwt of milk
    • Feed efficiency
    • Component efficiency

Uses/benefits of Feed Ingredient

Purina Layena + Omega-3 feed includes all 38 nutrients hens need with added omega-3. With Layena + Omega-3 feed, hens can produce eggs with more omega-3 fatty acids than store-bought eggs.2 Purina Layena + Omega-3 pellets are a complete feed for laying hens 18 weeks and older to support optimal hen health and consistent egg production with added omega-3 fatty acids. Purina Layena + Omega-3 includes the Oyster Strong System for strong shells. Purina Oyster Strong System with oyster shell provides another source of calcium when the hens need it most. Oyster shell is a larger particle size than limestone. This means that oyster shell will stay in the digestive tract longer and will provide a source of calcium for egg shell production over a longer period of time than smaller particle sources of calcium. This is especially important at night when egg shell formation is rapidly occurring and dietary sources of calcium are limited because the bird is not eating.

Prices of Feed Ingredient

$78.87 – $278.87

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