In his report, two measures are
developed to monitor milk prices
and feed costs. one is called income
over feed costs (IOFC), which is
measured in dollars per cow per
day. The other is called the milk
margin (MM), which is measured
in dollars per hundredweight (cwt)
per day. Both reflect he difference
between the price of milk and the
cost of feed to make that milk.
This site is maintained by Professor Brian W. Gould who is with the
Wisconsin Center for Dairy Research and Department of Agricultural and Applied
Economics. You may mail your comments and suggestions directly to gould@aae.wisc.edu