Livestock, Dairy, and Poultry Outlook: June 2021
Dairy: The milk production forecasts for 2021 and 2022 have been raised due to higher expected milk cow numbers. Exports were relatively strong in April; cheese exports reached a record high, and butter exports were higher than in any month since June 2014. Export forecasts have been raised for 2021 on both the milk-fat and skim-solids milk-equivalent bases. For 2022, the export forecast has been raised on the skim-solids basis but is unchanged on the milk-fat basis. The all-milk price forecast for 2021 is $18.85 per hundredweight (cwt), $0.10 lower than last month’s forecast. For 2022, the all-milk price forecast is $18.75 per cwt, $0.25 higher than the previous forecast.
Beginning July 16, 2021, the Livestock, Dairy, and Poultry Outlook will release at 3 p.m. EST.
See the LDP Outlook.