Feed composition analysis

This page considers the cost of the protein component in dairy cow feed rations and allows to analyze the cost of protein contained in different protein-rich animal feed sources.
Goal of the page is to promote an economic analysis of the protein component in the feed so as to allow the selection of the best possible protein source, bearing of course in mind that any change of ingredients in the feed ration implies synergic reactions which must be carefully assessed.

Il primo grafico visualizza, mese per mese, il valore di mercato di 100kg di Alimento Simulato.
L'Alimento Simulato è un modello teorico di alimento che prevede esclusivamente l'impiego di mais e farina di estrazione di soia 44 ('nazionale'); è stato assunto a modello in quanto i due ingredienti che lo compongono sono driver del prezzo di tutte le materie prime disponibili sul mercato. Può essere quindi utilizzato per interpretare in modo indicativo l'andamento dei costi alimentari riferibili agli alimenti concentrati.
L'Alimento Simulato ha la seguente composizione:
     Corn meal 70%
     Soybean extraction meal 44% protein 30%
and contains:
     Raw proteins as fed 19%
     Value in MFU 1,05
The Simulated Feed Ration, fed in amounts varying between 11 and 13 kilograms, with the addition of forages of corn silage and hay (for the production of liquid milk and Grana Padano) or of only hay (for the production of Parmigiano Reggiano), allows to cover the theoretical production requirements of a multiparous cow producing 30 kg of milk with a 4% fat content. The monthly price of the products corresponds to the average monthly quotation of the Commodities Exchange of the Milan Chamber of Commerce.

The second chart shows the weight (in percentage) of the price of each of the two components on the total cost of the Simulated Feed Ration as well as the price percentage variation compared to the previous month.



The third chart compares the Simulated Feed Ration Cost and the Farm-gate Milk Price in Lombardy (Italy).

The fourth chart exhibits the "Milk:Feed Ratio", defined as the price of 100kg of Farm-gate Milk in Lombardy (Italy) / the cost of 100kg of Simulated Feed Ration The Milk:Feed Ratio represents how many kg of Simulated Feed Ration could be purchased with the gross revenue from 1kg of milk at the stated price.

The fifth chart shows the cost of protein obtained from different animal feeds. The calculation is as follows: market value of the feed / protein titre (as fed) The protein titre for each product is included in the table.
The market value considered corresponds to the monthly average of the weekly quotations of the Commodities Exchange of the Milan Chamber of Commerce. Source of the protein titre used is INEA - Istituto Nazionale di Economia Agraria.

Page compiled with the contribution of Dr. Roberto Preti, Veterinary Physician.

Chart 1.

Chart 2.

Show/Hide the historical trend of the average monthly price
of Italian Corn

€/ton

2008 2013 2018 2019 2020 2021 2022 2023 % su mese prec. % sul 2022
January 242 248 177 187 174 207 279 323 -1,69% +15,84%
February 232 239 177 185 176 227 283 312 -3,62% +10,27%
March 235 228 179 182 179 226 381 294 -5,54% -22,81%
April 228 231 185 181 183 236 377 281 -4,50% -25,51%
May 225 232 190 180 179 269 382 263 -6,33% -31,03%
June 225 244 191 184 181 267 360 249 -5,40% -30,88%
July 231 224 189 182 183 262 364 246 -1,10% -32,30%
August 200 211 195 179 185 267 385 252 +2,34% -34,55%
September 155 198 185 176 174 253 364 222 -12,00% -39,00%
October 138 195 182 173 179 278 363 218 -1,78% -40,04%
November 133 195 181 172 189 279 354 226 +3,88% -36,04%
December 123 192 183 172 189 279 329
Gen - Nov 204 222 184 180 180 252 354 263
Change (1) +42,62% +8,97% -17,25% -2,16% -0,13% +40,19% +40,61% -25,88%
Jan - Dec 197 220 184 179 181 254 352
Change (1) +35,54% +11,45% -16,36% -2,39% +0,60% +40,49% +38,88%
Source: Milan Chamber of Commerce
I prezzi mensili, cumulati ed annuali sono medie aritmetiche calcolate in base ai prezzi settimanali.
1) change from the same period of previous year , except for years 2008, 2013, 2018,
where the variation is calculated over the same period of the previous 5 years
  min price
max price
Show/Hide the historical trend of the average monthly price
of Italian Soybean extraction meal 44%

€/ton

2008 2013 2018 2019 2020 2021 2022 2023 % su mese prec. % sul 2022
January 355 444 346 349 358 505 517 631 +5,06% +21,97%
February 366 440 386 339 361 515 545 626 -0,77% +14,76%
March 375 445 406 336 399 471 607 594 -5,11% -2,22%
April 369 444 431 338 395 458 591 565 -4,79% -4,30%
May 357 501 451 332 353 448 553 526 -7,03% -5,02%
June 384 488 391 352 334 419 549 511 -2,78% -6,96%
July 385 480 371 335 332 424 564 514 +0,49% -8,95%
August 344 453 362 328 338 416 584 526 +2,37% -10,04%
September 330 487 349 328 357 433 586 515 -2,03% -12,15%
October 303 492 358 333 404 441 611 526 +2,06% -13,91%
November 301 480 355 336 443 444 581 592 +12,68% +1,89%
December 287 471 355 347 446 480 600
Gen - Nov 352 469 382 337 372 452 572 557
Change (1) +49,10% +33,41% -18,49% -11,84% +10,30% +21,60% +26,44% -2,51%
Jan - Dec 346 469 381 338 378 454 574
Change (1) +45,35% +35,53% -18,89% -11,27% +11,94% +20,07% +26,47%
Source: Milan Chamber of Commerce
I prezzi mensili, cumulati ed annuali sono medie aritmetiche calcolate in base ai prezzi settimanali.
1) change from the same period of previous year , except for years 2008, 2013, 2018,
where the variation is calculated over the same period of the previous 5 years
  min price
max price

Chart 3.


Show/Hide the comparison between the Simulated Feed Ration Cost and
the Farm-gate Milk Price in Lombardy (Italy) since 2013

Chart 4.

The following chart represents how many kg of Simulated Feed Ration could be purchased with the gross revenue from 1kg of milk.


Show/Hide the Milk: Feed Ratio historical trend starting from 2012

Chart 5.

The values presented in the following chart show the cost of 1000 g (1kg) of protein obtained from the raw materials considered.

Example: the value of Italian soybean extraction meal 44% on January 2013 was equal to 1.02. This means that the price of 1000 g of protein provided by Italian soybean extraction meal 44% was in that month of €1,02.
Feed Protein Content
% as fed
■ Rapeseed extraction meal 34.4
■ Whole grain sunflower extraction meal 24.0
■ Decorticated sunflower extraction meal 33.6
■ Foreign soybean extraction meal 44% 43.4
■ Italian soybean extraction meal 44% 43.4
■ Foreign decorticated soybean extraction meal 49.0
■ Italian decorticated soybean extraction meal 49.0

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