With volatile feed prices and a fickle marketplace, livestock producers need to keep on top of commodity prices and their respective feed values in order to formulate a least-cost ration.
This is especially important with dairy producers, according to J.W. Schroeder, associate professor and extension dairy specialist at North Dakota State University.
"As with any class of livestock, feed is the most expensive input," Schroeder said. "Dairy is no exception. If you don't feed the cows correctly, you lose milk."
In terms of efficiency, producers try to use the best possible feedstuffs, but typically the cost of feed is between ...