Tridge summary
U.S. dairy exports, including products and ingredients, have reached record levels in June, with a 6% increase in volume and a 15% increase in value compared to the same period last year. The growth is primarily driven by dairy ingredients, with Mexico, Southeast Asia, and China being the leading regions. However, cheese exports have seen a decline. The National Milk Producers Federation (NMPF) has updated the estimated Cooperatives Working Together (CWT) program-assisted sales totals, showing significant amounts of American-type cheeses, butter, milkfat, whole milk powder, and cream cheese have been sold. The US Dairy Export Council (USDEC) expects strong overall growth in milk powder sales for the rest of the year, despite port congestion and slow demand for whey in China. Additionally, the export of dairy heifers is experiencing challenges but shows interest from various countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
If you watched any of the 2021 Summer Olympics, you saw some “fast” athletes. U.S. dairy exporters have also had their running shoes on this summer, pushing foreign sales of dairy product and ingredient to a record pace. June export figures, released Aug. 5, align with many of the trends exhibited throughout the first six months of the year, according to a monthly update from the U.S. Dairy Export Council (USDEC). Dairy ingredients drove the majority of June’s growth in volume, and higher commodity prices pushed export values up at an even faster pace. Volume basis: Compared to June 2020, year-over-year growth in volume on a milk solids equivalent basis was about 6%. Whey and nonfat dry milk/skim milk powder contributed to a strong dairy ingredient performance, up 16% and 7%, respectively. Cheese exports faltered, down 13%. The three regions on the volume podium (milk solids basis) in June were Mexico, Southeast Asia and China. Through the first six months of the year, the volume ...
Source: Progressivedairy
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