February 2023 U.S. dairy exports back to earth

Published 2023년 4월 11일

Tridge summary

U.S. dairy exports experienced a decline in value in February for the first time in over two years, due to lower dairy product prices and a higher proportion of lower-valued products. Despite this, the export volume saw a slight increase of 0.8%, driven by lactose and whey protein concentrate. The U.S. Dairy Export Council faces challenges such as strong competition and economic performance around the world. The National Milk Producers Federation reported that the CWT program has assisted in export contracts for American-type cheeses, butter, and cream cheese. The U.S. agricultural trade balance was positive in February, with exports estimated at $15.26 billion and imports at $15.21 billion. The U.S. Trade Representative also released the 2023 National Trade Estimate Report, providing a review of significant foreign barriers to U.S. exports of goods and services.

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

Original content

After a surprisingly strong January, U.S. dairy exports came back down to earth in February, according to a monthly market update from the U.S. Dairy Export Council (USDEC). Based on February data summarized in the most recent U.S. Dairy Exporter Blog, U.S. export value declined from the same month a year earlier for the first time in over two years, as lower dairy product prices and a higher proportion of lower-valued products pulled down the average unit value. On a milk solids basis, U.S. dairy export volume gained just 0.8%, with the increase driven almost entirely by lactose and whey protein concentrate (WPC). Export drivers, challenges In general, weaker dairy product prices will likely result in depressed export value performance relative to volume in the year ahead, especially given the challenging environment for cheese and butter exports. Strong competition from Europe and New Zealand, combined with weaker economic performance around the world, is creating a challenging ...

Source: Progressivedairy