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Dairy cow prices have fallen $500-$650 over the past 12 months to reach their lowest levels since 2009. The fall in prices has mirrored the drop in dairy the payout with the average milking cow now costing around $1500-$1600 compared to $2100 in June 2014.
The average cost of milk production in all analyzed farms was 42 US-$/100 kg ECM with a range from 16.9 to 97.3US-$/100 kg. The highest costs were observed in Western Europe (53.6 US$/100 kg ECM) due to higher input costs. In contrast, the lowest cost (30.41 US$/100 kg ECM) was observed in Asia.