US: Exports slip in June despite winning streaks with cheese and whey

Published 2024년 8월 8일

Tridge summary

U.S. dairy product exports in June saw a slight decline but remained strong in cheese and whey categories, with a 9% surge in cheese sales and a 12% increase in whey exports. However, nonfat dry milk and skim milk powder, lactose, and milk protein concentrates experienced a decline. China and Brazil were the main importers of U.S. whey. Despite China's demand, overall U.S. dairy shipments to the country fell by 1%. However, exports to Southeast Asia, Central America, and Mexico saw growth. Cooperatives Working Together (CWT) member cooperatives secured over 5.8 million pounds of product for CWT-assisted sales in 2024. U.S. dairy heifer replacements and embryo sales also experienced a decrease in June. Alfalfa hay exports also saw a decline in June but remained the leader in U.S. agricultural exports. The U.S. Department of Commerce estimated the trade balance in June to be -$3.582 billion, showing a slight decrease from the previous month.

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

Original content

Healthy growths in cheese and whey sales buoyed U.S. dairy product exports in June as nonfat dry milk and skim milk powder, lactose and milk protein concentrates took hits. At the midpoint of 2024, U.S. dairy product exports were down 1.7% in milk solids equivalent. Here’s Progressive Dairy’s 30,000-foot view at dairy-related export categories. Dairy product exports down again in latest report As has been the story for much of the year, cheese and whey remained strong in the U.S. dairy product export market while other categories lagged, according to the U.S. Dairy Export Council’s monthly market update. In June, U.S. dairy exports recorded 0.3% decline from the month prior as gains in cheese, whey, butterfat and whole milk powder offset drops in nonfat dry milk and skim milk powder (NFDM/SMP), lactose and milk protein concentrates. U.S. cheese sales surged for the sixth straight month, gaining 9% in June, to become the second-biggest June at 38,876 metric tons of product, ...

Source: Progressivedairy