Cheese building the United States export volume, value performance

Published 2022년 6월 10일

Tridge summary

U.S. dairy product exports, led by cheese, saw a significant increase in April, setting a new record with a 22% rise from the previous year to $845.6 million. This growth is part of a larger trend, with year-to-date fiscal year 2022 exports reaching $4.8 billion, up 22% from the same period in the previous year. Cheese exports, in particular, hit a record high, with over 40,000 metric tons shipped in both March and April. Despite this, exports of dairy replacement heifers continue to struggle due to high costs and geopolitical issues, with the smallest number exported since 2016. Hay exports were strong in April, with a notable increase in other hay shipments. However, concerns about old-crop hay and weakening buyer exchange rates could impact U.S. suppliers. Additionally, the ongoing dispute over Canada's dairy tariff rate quotas and the U.S. Trade Representative's announcement of a second consultation under the USMCA highlight ongoing challenges in the dairy export market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With cheese playing a starring role, U.S. dairy product exports capped another strong month in April. Meanwhile, exports of dairy replacement heifers remained in a slump, but hay exports were strong. Here's Progressive Dairy's monthly update on dairy-related products and global markets. Dairy products: Say cheese U.S. Dairy Export Council (USDEC) staff summarized April 2022 dairy product export data in a recent U.S. Dairy Exporter Blog: Value basis: April 2022’s total U.S. dairy export value soared 22% from a year ago to $845.6 million, second only to March 2022 as the highest month on record. In a separate report from the U.S. Census Bureau and USDA Economic Research Service, year-to-date fiscal year (FY) 2022 (Oct. 1, 2021-April 30, 2022) dairy exports were valued at $4.8 billion, up 22% from the same period a year earlier. Volume basis: Cheese continues to be the U.S. export star in 2022. After shipping a record 41,693 metric tons (MT) of cheese in March, U.S. suppliers ...

Source: Progressivedairy