Livestock Enterprise Information
Dairy data on slides prior to
“Dairy by herd size” does
not include Organic Production
Number of Dairy Cows
Average Farm
20
70
120
170
220
Cow #s
117 122128
140 134 140
160170 179
184
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
The average number of dairy cows up again in 2014
Pg 50-51
Number of Dairy Cows –
Median income farms
40
90
140
190
240
Cow #s
106
138 134152
162
123
184
220
152
223
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 50-51
Production &
Returns per Cow
-400
-200
0
200
400
600
800
1000
1200
1400
16,000
17,000
18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
# milk/cow return/cow
Milk production up slightly - Returns up Significantly
Pg 50-51
Milk Price less Feed Cost
8.15
7.1
9.93 9.62
7.31
9.9
7.44 7.49
10.5610.22
7.99
11.8811.26
6.21
9.02
11.01
9.359.93
14.15
0
2
4
6
8
10
12
14
16
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Dolla
rs p
er
CW
T
Returns UP!!!
Pg 50-51
Dairy Cows –Costs and Gross Margin per CWT
Feed
Direct
Dir & Ovhd
Gross Margin
$0.00
$7.00
$14.00
$21.00
$28.00
Average Mid 40-60 High
$10.22 $10.34 $9.58
$15.57 $16.23$13.67
$18.38 $18.44 $17.45
$23.64 $23.39$24.61
Net Returns: $5.26 $4.95 $7.16
Pg 50
Dairy Cows – 3-yr viewCosts and Gross Margin per CWT
Feed
Direct
Dir & Ovhd
Gross Margin
$0.00
$7.00
$14.00
$21.00
$28.00
2012 2013 2014
$10.19 $10.37 $10.22
$14.86 $15.18$15.57
$17.44 $17.81 $18.38
$18.72 $19.06
$23.64
Net Returns: $1.28 $1.25 $5.26
Pg 50
Dairy Cows –Returns per Cow
Net: Dir, Ovhd, Lab & Mgt
Net: Dir & Ovhd
Net: Ovhd
Gross Margin
$0
$2,000
$4,000
$6,000
$8,000
Average Mid 40-60 High
$1,026 $1,051$1,519
$1,249 $1,217$1,800
$1,918 $1,761
$2,748
$5,618 $5,752 $6,187
Pg 51
Dairy Cows – 3-yr viewReturns per Cow
Net: Dir, Ovhd, Lab & Mgt
Net: Dir & Ovhd
Net: Ovhd
Gross Margin
$0
$2,000
$4,000
$6,000
2012 2013 2014$89
$90
$1,026$290 $287
$1,249$879 $895
$1,918
$4,263 $4,400
$5,618
Pg 65
How about 2015?
2014 % Change Est. 2015
Milk Produced 23,556 + 2% 24,027
Feed Cost $2,420.33 - 5% $2,299.31
Fuel $117.01 - 30% $81.91
Repairs $181.12 + 5% $190.18
Hired Labor $437.62 + 5% $459.50
Utilities $69.14 + 5% $72.60
Assuming all other expenses and income stay the same
2015 Continued
2014 2015
Average Class III $22.34 $16.34*
Average Basis $2.14 $2.14
Average Pay Price $24.48 $18.48
Net Change - $6.00
Cost of Production $19.97 $19.17
Milk Price minus Feed Cost $14.14 $8.91
Net Return/Cow $1,026 - $141.74
* Based on April 2015 Dunn Dairy Outlook Report
Production &
Returns per Cow
-400
-200
0
200
400
600
800
1000
1200
1400
16,000
17,000
18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
# milk/cow return/cow
Estimated 2015
Pg 50-51
Milk Price less Feed Cost
7.1
9.93 9.62
7.31
9.9
7.44 7.49
10.5610.22
7.99
11.8811.26
6.21
9.02
11.01
9.369.93
14.15
8.91
0
2
4
6
8
10
12
14
16
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Dolla
rs p
er
CW
T
Estimated 2015
Pg 50-51
Dairy Cows –Number of Farms in database
0
100
200
300
400
Total <50cows
51-100
cows
101-200
cows
201-500
cows
> 500cows
394
54
145
9966
30
MN FBM Dairy Sort
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Total <50cows
51-100cows
101-200
cows
201-500
cows
> 500cows
396
14%
37%
25%
17%
8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Total <50cows
51-100
cows
101-200
cows
201-500
cows
> 500cows
12%
5%
10%
29% 31%
44%
Dairy Cows –Number of Herds and Percent of MN Farms
Some herd data provided by the Minn Department of Ag.
MN FBM Dairy Sort
0%
10%
20%
30%
40%
50%
Total <50cows
51-100cows
101-200cows
201-500cows
> 500cows
2012 10% 3% 10% 28% 33% 35%
2013 11% 4% 9% 31% 29% 35%
2013 12% 5% 10% 29% 31% 44%
12%
5%
10%
29% 31%
44%
2012
2013
2013
Dairy Cows –Farms as percent of all MN herds MN FBM Dairy Sort
Minnesota Dairy Sort
Selected Factors - Size and Production
16625
1991621614
2401826487
38 74140
312
797
0
200
400
600
800
1000
1200
Up to 50Cows
50 - 100Cows
100-200Cows
200-500Cows
Over 500Cows
Pounds of Milk No. of Cows
MN FBM Dairy Sort
Minnesota Dairy SortSelected Factors - Cost and Price
Feed
Dir & Ovhd
Dir, Ovhd, & Lab
Gross Margin
0.00
7.00
14.00
21.00
28.00
<50 Cows 51-100 101-200 201-500 >500 Cows
11.52 10.97 10.26 10.29 9.97
19.07 18.52 18.08 18.87 18.23
21.5720.08 19.30 19.65 18.90
23.0423.87 23.65
23.86 23.57
Ave Price = $24.43 Ave Cost w Labor = $19.40
MN FBM Dairy Sort
11.5210.97 10.26 10.29 9.97
16.18 15.55 15.0415.74 15.80
19.07 18.52 18.0818.87
18.23
21.5720.08 19.30 19.65 18.90
9.00
17.00
25.00
Under 50Cows
50 - 100Cows
100 - 250Cows
250 - 500Cows
Over 500Cows
Feed Cost
Direct
Minnesota Dairy Sort
Selected Factors – Production Costs MN FBM Dairy Sort
Minnesota Dairy SortHired Labor and Operator Labor/Mgmt MN FBM Dairy Sort
2.50
1.561.22
0.78 0.67
0.37
0.881.31 2.08 2.35
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Up to 50Cows
50-100Cows
101-200Cows
201-500Cows
Over 500Cows
Lbr & Mgt Charge Total Hired Labor
3.022.44 2.862.532.87
Dairy Sorts Expanded…
Sort - Includes All Robotic Dairy
Non-Robotic
Traditional
Non-Robotic
3X Milking Organic
Dairy
Initiatives
Sort - Excludes NAAll non-
robotic herds
Organic, Org.
Transition, 3X
Milking, Rot.
Grazing,
Robotics
Organic, Org.
Transition,
Rot. Grazing,
Robotics, non-
3X milk herds
All non-
organic herds
All non-Dairy
Initiative
herds
Number of Farms 390 9 327 33 15 96
Number of Cows 180.4 179.6 151.0 558.5 87.7 158.6
Milk Produced per Cow 23,556 24,742 22,923 26,075 13,041 22,518
Product/Animals Sold $5,716.23 $5,871.18 $5,582.60 $6,229.11 $3,978.38 $5,488.87
Gross Margin $5,581.78 $5,749.94 $5,423.43 $6,159.86 $3,807.30 $5,368.08
Feed Cost per Cow $2,420.33 $2,378.86 $2,369.73 $2,607.94 $1,967.27 $2,308.10
Veterinary $112.47 $144.85 $107.21 $129.98 $35.24 $105.77
BST $48.82 $36.56 $40.73 $75.96 $0.00 $34.60
Repairs $181.12 $246.46 $162.05 $207.55 $161.25 $177.79
Hired Labor - direct $258.84 $106.78 $190.65 $471.20 $88.78 $300.13
Hired Labor - Ovhd $178.78 $97.24 $193.33 $152.10 $140.14 $71.50
Interest $84.90 $219.92 $87.43 $67.78 $76.46 $78.48
Depreciation $168.16 $391.13 $155.93 $182.55 $88.58 $155.29
Total Dir &Ovhd Cost $4,345.28 $4,506.81 $4,194.56 $4,850.70 $3,176.84 $4,098.57
Net Return $1,236.50 $1,243.13 $1,228.87 $1,309.16 $630.46 $1,269.51
Cost of Prod - O&D $18.45 $18.22 $18.30 $18.60 $24.36 $18.20
Culling Percentage 30.3 27.8 29.1 33.7 28.9 29.8
Turnover Rate 37.4 36.1 36.5 40.2 33.6 36.8
Feed Cost per CWT $10.27 $9.61 $10.34 $10.00 $15.09 $10.25
Dairy Cows - Additional Sorts
Robotic Dairy Robotic All 3X Herds Vs. 3X
Milk/Cow 24,742 23,556 26,075 -1,333
Feed Cost $9.61 $10.27 $10.00 - 0.39
Vet $144.85 $112.47 $129.98 + 14.87
Supplies $346.35 $341.93 $312.05 + 34.30
Repairs $246.46 $181.12 $207.55 + 38.91
Labor (total) $410.62 $661.57 $816.48 - 405.86
Utilities $148.66 $69.14 $67.89 + 80.77
Interest $219.92 $84.90 $67.78 + 152.15
Depreciation $391.13 $166.72 $182.55 + 208.58
COP
w/Labor
$19.71 $20.09 $19.78 - .07
Lbs
Milk/FTE
2,543,980 1,611,802 1,584,551 + 959,429
Robotic/3x Comparison (2)
Robotic 3X Difference
Labor $410.62 $816.48 - 405.86
Supplies,
Repairs,
Utilities,
Interest,
Depreciation
$1,352.52 $837.82 + 514.70
Total $1,753.14 $1,654.30 + 108.84
Robotic/3x Comparison (Labor Efficiency)
Robotic 3X Difference
Labor
Hrs/Cow26.95 45.67 59%
$/Hr $15.24 $17.88
Milk/FTE 2,543,980 1,584,551 62%
3X vs. TraditionalTraditional 3X Herds Difference
Milk/Cow 22,923 26,075 + 3,152
Hrs/Cow 39.23 45.87 + 6.64
Labor (total) $617.80 $816.48 + 198.68
Labor
Cost/CWT
Additional
Milk
$15.86
Lbs/FTE 1,627,611 1,584,511 - 43,100
Hrs/CWt .171 .176 - .005
Feed Cost $10.34 $10.00 - 0.34
COP $20.10 $19.78 - 0.32
Net Return $995.05 $1,115.98 $120.93
Barn Style ComparisonsTie-Stall Compost Free Stall Sand-Bedding
Milk/Cow 21,237 18,835 24,659 25,449
Hrs/Cow 44.13 33.18 42.76 45.78
Labor
(total)$554.31 $524.56 $368.79 $740.03
Total
Costs/Co
w
$3,744.27 $3,961.58 $4,550.77 $4,578.25
Bedding $42.93 $187.03 $83.01 $89.56
Feed Cost 10.26 11.51 10.17 9.83
COP 19.67 $21.97 $19.88 $19.64
Net
Return$1,039.88 $681.09 $1,083.16 $1,175.16
Avg
Bedding Comparisons (2)
0
5
10
15
20
25
Tie-Stall Compost FreeStall SandBedding
Feed
Labor
Overhead
Direct
BST vs. Non-BSTBST Non-BST Difference
Milk Produced 25,581 23,280 + 2,301
Feed Costs $10.16 $10.26 - 0.10
Total Direct Costs $16.21 $15.42 + 0.79
Overhead Costs $2.71 $2.80 - 0.09
BST Cost $0.42 $0 + 0.42
BST
Cost/Additional
Milk
$4.65
Total COP $19.95 $20.03 - 0.08
Dairy Finishing –Net Return & Price per Cwt up
82.40
100.04110.26 113.17
130.69
8.98 12.39 7.05 3.07
48.66
2010 2011 2012 2013 2014
Price Recv'd/Cwt Net Return/Cwt
Pg 57
Beef Cow-Calf Returns -Net per Cow
($200.00)
($100.00)
$0.00
$100.00
$200.00
$300.00
$400.00
$500.00
Net Return
$168.89
$61.38
($27.42)
($112.55) ($120.51)
$53.60
$127.61 $88.27
$36.61
$451.63
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 60
Beef Cow/Calf Cost of Production Trends
0
20
40
60
80
100
120
140
160
180
2009 2010 2011 2012 2013 2014
Cost of Production per CWT Produced
COP
Beef Cow-Calf –Costs and Returns of Production per Cow
Feed
Direct
Dir & Ovhd
Gross Margin
$0
$450
$900
$1,350
$1,800
Average Mid 40-60 High
$508$470 $482
$685 $618 $639
$844$737 $787
$1,295$1,183
$1,591
Net Returns: $451 $447 $804
Pg 60
Beef Cow-Calf –Costs and Returns of Production per Cow
Feed
Direct
Dir & Ovhd
Gross Margin
$0
$450
$900
$1,350
$1,800
Average Up to 50 50-100 100-200 200-500
$508 $497 $529 $548$397
$685 $676 $700 $725$581
$844 $882 $870 $866
$696
$1,295 $1,217 $1,301 $1,313 $1,340
Net Returns: $451 $335 $431 $447 $644
Pg 61
Beef Finishing Returns -Net per CWT
($10.00)
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
Net Return
$5.50 ($1.63)
($0.36) ($3.54)$0.23
$14.38
$22.10
$5.21
$15.35
$57.76
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Pg 59
Farrow to Finish Hogs –Net Return & Price per Cwt
54.03
71.61 69.4370.52
104.32
2.90
7.62
2.28
8.42
32.42
2010 2011 2012 2013 2014
Price Recv'd/Cwt Net Return/Cwt
Not in Report
Finish Feeder Pigs –Net Return & Price per Pig
85.74 85.8289.60
98.79
63.84 63.89 66.8473.61
15.07
2.86 3.13
15.03
2011 2012 2013 2014
Price Recv'd/Cwt Carcass Price/CWT live Wgt
Net Return/Cwt
Pg 62
Weaning to Finish Hogs–GrowerWhat makes up the Gross Margin?
8.088.46
12.07
11.23
5.66
2.38
7.08 4.26 3.68
Average Mid 40-60% High 20%
Net Return
Direct Exp
Overhead Exp
Pg 63
Note: Sort for returns is based on Return to Overhead
Gross Margin: $15.69 $18.39 $18.13
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