Wheat millrun price

Wheat millrun is an energy feed, fed for its digestible energy. On a dry-matter basis it runs about 17% crude protein and 75% TDN, roughly 0.79 Mcal of net energy for lactation per pound of dry matter, at about 90% dry matter as fed. Those figures come from Colorado State University Extension, Feed Composition for Cattle and Sheep (Fact Sheet 1.615). Coarser than middlings; NEl borrowed cross-grade from middlings (no millrun-specific NRC NEl). The leaderboard uses them to convert this week's board price into a cost per pound of protein and per pound of energy, so it can be ranked against corn and soybean meal. Prices are quoted per ton, and the cheapest board price is not the cheapest fed price once freight and moisture are counted (see the FOB-vs-delivered guide).