A 70-cow dairy did everything right last year — healthy cows, full tank, every bill paid — and still lost about $237,000 without ever feeling it. Here's where the money went.

The Bullvine Podcast runs the barn math nobody wants to see. At $16.92 per cwt for Class III milk against Cornell's $31 cost of production, the commodity small dairy doesn't pencil out. We break down why the milk check hides the loss, how the 2025 Federal Order change quietly pulled 92 cents per cwt, and the three honest paths open to any small operation today.

What You'll Learn

• Why "we paid our bills" is the most expensive sentence in dairy
• How a profitable-looking farm bleeds six figures a year in equity
• Why the $20.70 all-milk forecast isn't the check you actually cash
• What 40 cows and a cheese vat change about the math — and ...