Market Outlook

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

Summary

Dairy: The all-milk price forecasts for 2022 and 2023 have been lowered due to recent downward trends in dairy product prices and larger expected milk supplies in 2022. The all-milk price forecast for 2022 is $25.50 per hundredweight (cwt), $0.10 lower than last month’s forecast. The all-milk price forecast for 2023 is $22.60 per cwt, $0.30 lower than the October forecast. The milk production forecast for 2022 has been raised, but the 2023 forecast is unchanged as lower expected milk cow numbers offset higher yield per cow.

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