1、April 2026FAPRI-MU Report#03-26International Agricultural Market OutlookPublished by the Food and Agricultural Policy Research Institute(FAPRI)at the University of Missouri(MU),200 Mumford Hall;Columbia,MO 65211.FAPRI-MU is part of the Division of Applied Social Sciences(DASS)in the College of Agric
2、ulture,Food and Natural Resources(CAFNR).www.fapri.missouri.edu This material is based upon work supported by the U.S.Department of Agriculture,under Agreement No.58-0111-25-004,and the USDA National Institute of Food and Agriculture,Hatch project number MO-C1537173.Any opinion,findings,conclusions,
3、or recommendations expressed in this publication are those of the authors and do not necessarily reflect the view of the U.S.Department of Agriculture nor the University of Missouri.The projections reported here are based on the market outlook reported in the 2026 U.S.Agricultural Market Outlook(FAP
4、RI-MU Report#01-26).The international livestock,dairy,and biofuel projections in this report were prepared by Sera Chiuchiarelli(chiuchiarellismissouri.edu),Julian Binfield(binfieldjmissouri.edu),Fazal Malakhail(fmalakhailmissouri.edu),and Wyatt Thompson(thompsonwmissouri.edu).The international grai
5、n and oilseed projections were prepared by Malieka Bordigioni(maliekalunr.edu)at the University of Nevada,Reno.Julian Binfield has a consulting relationship with TAMU AgriLife unrelated to this publication.Permission is granted to reproduce this information with appropriate attribution to the author
6、s and FAPRI-MU.FAPRI-MU|2026 International Baseline 1 Contents Summary.2 Macroeconomic assumptions.3 Crops summary.9 Grains.13 Oilseeds.27 Livestock feed.45 Livestock.49 Dairy.65 Biofuels.79 FAPRI-MU|2026 International Baseline 2 Summary The projections presented here are from the January simulation