Market Outlook Livestock, Dairy, and Poultry Outlook: April 2021

Dairy: All wholesale dairy product prices reported in the USDA National Dairy Product Sales Report (NDPSR) increased substantially from the week ending March 6 to the week ending April 3. The milk production forecast for 2021 has been raised to due to higher expected milk cow numbers and milk per cow. Dairy export forecasts for 2021 have been raised as international demand is expected to remain strong and the United States is expected to be price-competitive. The all-milk price forecast for 2021 has been raised to $18.40 per cwt, $0.65 higher than last month’s forecast.