US: July exports climb after unassertive first half of 2024

Gains made across all categories helped U.S. dairy exports post a 9.6% year-over-year rise in milk solids equivalent in July. The month’s success set the tone for an optimistic second half of the year. Here’s Progressive Dairy’s 30,000-foot view of dairy-related export categories. Dairy product exports rise in all categories Growth was seen in all U.S. dairy product export categories in July, which helped the month in a 9.6% year-over-year climb in milk solids equivalent, according to the U.S. Dairy Export Council’s monthly market update. July’s remarkable outcome is due in part to low protein whey leading with a 27% growth, marking the fourth consecutive month of growth for that product. Other categories saw respectable increases, all adding momentum to the month: high protein whey at 23%, nonfat dry milk and skim milk powder at 11% despite declines in production, and cheese at 10%. As cheese purchases from Mexico continued soaring regardless of a weaker peso, two other regions ...