U.S. dairy exports struggle as May slips 5%

Published 2024년 7월 10일

Tridge summary

In May, U.S. dairy product exports declined by 5%, despite a rise in April, with cheese and whey exports showing significant growth. Nonfat dry milk and skim milk powder exports to Southeast Asia fell sharply due to global competition. The Cooperatives Working Together (CWT) program secured additional contracts, with improvements under review for 2025. Dairy heifer replacement exports were limited to North America. In May 2024, U.S. agricultural exports had mixed results, with dairy heifer and embryo exports rising, but hay exports declining. The U.S. agricultural trade deficit reached a record high, driven by falling commodity prices, a strong dollar, labor shortages, and outdated trade agreements.

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

Original content

The latest trade reports reveal another month of poor markets, with U.S. dairy product exports slipping 5% from the modest growth seen in April. Despite concerns for the relatively flat U.S. dairy export performance in 2024, cheese continues to impress. Here’s Progressive Dairy’s 30,000-foot view at dairy-related export categories. Falling exports in May add to rollercoaster year U.S. dairy exports fell in May on the heels on an exciting rise in April, according to the U.S. Dairy Export Council’s monthly market update. The 5% decline reflects a pattern where some products are thriving in the markets while others are not; cheese is one of those that continues soaring month after month. In May, U.S. cheese exports were recorded at 48,029 metric tons, a tremendous increase of 47% year over year and just shy of surpassing March’s record-high volume. Cumulatively, exports of cheese over the first five months of 2024 are up 27%. Whey, too, continued an upward swing with exports ...

Source: Progressivedairy