Livestock, Dairy, and Poultry Outlook: March 2021
Dairy: The all-milk price forecast for 2021 has been raised to $17.75 per hundredweight, $0.60 higher than last month’s forecast. The milk production forecast is reduced, as lower expected milk per cow more than offsets higher expected milk cow numbers. Forecasts for domestic use have been raised on both the milk-fat and skim-solids milk-equivalent bases. The forecast for 2021 exports on a milk-fat basis has been raised due to higher expected butter exports. The forecast for exports on a skim-solids basis has been reduced as lower expected lactose exports more than offset higher expected exports of dry skim milk products.
See the LDP Outlook.