Market Outlook

See the the latest Livestock, Dairy, and Poultry Outlook report.

Summary

Dairy: The all-milk price forecasts for 2021 and 2022 have been raised due to recent changes in dairy product prices, higher expected dairy exports, and lower expected milk production. The all-milk price forecast for 2021 is $18.15 per hundredweight (cwt), $0.20 higher than last month’s forecast. The all-milk price forecast for 2022 is $18.40 per cwt, $0.55 higher than the August forecast. Milk production forecasts for both 2021 and 2022 have been lowered based on lower expected milk cow numbers and yield per cow. Export forecasts have been raised due to higher expected exports of dry skim milk products, whey products, cheese, and butterfat products.