Where's the Feed (for MPP-Dairy)?

According to the March 26 USDA Economic Research Service Milk Cost-of-Production Estimates total feed costs now represent nearly 80 percent of the total operating costs of producing milk in the U.S. To address the income risk associated with higher livestock feed prices the 2014 Farm Bill introduced the Margin Protection Program for Dairy Producers (MPP-Dairy). Several farmdoc Daily articles have explored program features and farmer participation in MPP-Dairy (farmdoc daily February 12, 2014, farmdoc daily November 5, 2014, and farmdoc daily February 11, 2015).