Argentina
Economic values (EV) of milk components (P: protein, F: fat and V: volume ) were obtained for a dairy system based on pasture, where a large proportion of milk is sold to industry. The EV’s were calculated using a profit function with a restriction in total feed supply. Economic value of protein (EVP) had the largest absolute and relative standardized values. Economic value of volume (EVV) was always small and negative. Multiple regression analyses of EV’s showed all EV’ s to be affected (P
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