Class 3 CME Futures contract prices over the life of the contract for the current month of the year

Net Return to Dairy: Ohio 2003 - 2008
After a significant run-up in 2007, Net Returns on Ohio Dairies collapse in 2008

Net Income Over Feed Cost: 2008 ydt = $8.44 / cwt.

Net Income over All Costs (excluding Capital Recovery and Operator Labor) 2008 ydt = $ 1.99 / cwt.

Net Income over All Costs (excluding Operator Labor) 2008 ydt = <$2.57>

Source: Data from USDA Cost and Returns, Ohio / C.S. Thraen, OSU Extension, State Specialist, Dairy Markets and Policy 2008©