Dairy heifer and hay export volumes were weaker in November.
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While U.S. dairy product export reports lag the calendar change to a new year, November data showed U.S. dairy exports will certainly set another record in 2022 and are prepared to keep on growing into 2023, according to a monthly market update from the U.S. Dairy Export Council (USDEC). Based on data summarized in the most recent U.S. Dairy Exporter Blog: Value basis: At just under $800 million, November 2022 sales were up 23% (+148 million) compared to the same month a year earlier, building on what already was an annual record set in October. The value of January-November 2022 U.S. dairy exports rose 25% to almost $8.88 billion. Volume basis: At 37,495 metric tons (MT), U.S. cheese exports extended their year-over-year growth streak to 17 straight months in November, a 13% increase over the previous year and easily a record for the month. In addition to increased cheddar, Gouda and other natural cheese sales, November also benefited from the continued rebound in U.S. grated ...
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