We have to do that.” USDA’s semiannual cattle inventory report confirmed the supply shock. All cattle and calves were at 89.3 million head, the lowest in eight years.

The web-based PC version is available at ow.ly/ko8gL, the Android app is at ow.ly/ko8sm, and the iPhone/iPad online spreadsheet is at ow.ly/ko8au.

The University of Kentucky has created an easy-to-use dairy cost of production calculator. Simply plug in your annual costs, such as purchased feed totals or vet costs from your Schedule F tax form, ...