June 1, 2022: Dairy Week In Review

The April all-milk price was announced at $27.10 per cwt., up $1.20 from March and $8.70 above last April’s price. It was the highest all-milk price announced since the USDA Dairy Margin  Program was established in 2019. Feed costs were also higher this month, with the corn price at $7.08 per bushel, up 52 cents from March, and the alfalfa hay price up $2 per ton to $271. Soybean  meal prices fell $17.28 to $476.70 per ton. The feed costs per hundredweight was announced at $14.81, up 46 cents from March and $3.18 above year-ago levels, according to USDA’s Ag Prices report. Read More