Market Outlook

 

Livestock, Dairy, and Poultry Outlook: February 2021

Summary

 

Dairy: The milk production forecast for 2021 has been raised to 227.4 billion pounds, 0.7 billion higher than last month’s forecast. The all-milk price forecast for 2021 has been lowered to $17.15 per hundredweight, $0.50 lower than last month’s forecast. Dairy export forecasts are raised on both the milk-fat and skim-solids milk-equivalent bases due to higher expected exports of butterfat products and whey products.

See the LDP Outlook.