The USDA announced April’s margin at $10.42 per hundredweight (cwt.),
down $1.13 from the prior month’s $11.55 per cwt. The all-milk price
experienced a slight $1.00 per cwt downshift from March’s $22.00 per cwt. to
$22.00 per cwt. in April. However, feed costs rose 13 cents from $10.45 per
cwt. to $10.58 per cwt. While the soybean meal price fell $8.07 per ton March
to April, corn and premium alfalfa hay prices were up 5 cents per bu. and
$10.00 per ton, respectively.