Dairy margin increase reported
Data from the latest Milkminder costed herds report illustrates that the average Milkminder herd achieved a significant increase of 47 per cent in its monthly Margin Over Purchased Feed (MOPF) for the month of September this year compared to September 2016.
Nigel Davies, Promar’s National Consultancy Manager, explained that this illustrates how positive the swing in milk price volatility has been over the last 12 months, ahead of the current threat of weakening commodity prices.
“This notable impact has been driven by increasing yield and cow numbers, but particularly milk price,” he says. “This resulted in the average Milkminder herd achieving a significant increase of 47 per cent or £9,428 in its monthly MOPF for September alone compared to September last year.
“This is a marked premium compared to the previous year, which should benefit reported accounts and the reported bottom line for this financial year,” he added.
