Dairy Producer Market Stabilization and Export Development Act of 1994

Dairy Producer Market Stabilization and Export Development Act of 1994 - Directs the Secretary of Agriculture (Secretary) to establish the national Class IV Pool (Pool), which shall establish a blend price for milk used in commercially exported dairy products; and (2) the Dairy Export Marketing Board (Board) which shall administer the Pool and work to expand dairy exports and markets.

Directs the Board to: (1) establish a settlement fund to operate the Pool; and (2) prepare an annual Pool plan.

Amends the Agricultural Act of 1949 to revise excess purchase milk price reduction provisions.

Extends: (1) the milk price support program (including the support rate); and (2) the dairy transfer program to the military and veterans' hospitals.

Amends the Agriculture and Food Act of 1981 to extend Federal milk marketing order authority.

Amends Federal law to extend the dairy indemnity program.

Amends the Food Security Act of 1985 to extend the dairy export incentive program.

Amends the Agricultural Act of 1949 to extend the Secretary's requirement to estimate Commodity Credit Corporation milk and milk products purchases, but stipulates that such estimates be made prior to Pool effects or purchase price revisions are determined.

Amends provisions of the Agricultural Adjustment Act, reenacted by the Agricultural Marketing Agreement Act of 1937 to include certain milk handler reimbursement provisions among the terms of Federal milk marketing orders.