April U.S. dairy product exports fall off

Published 2023년 6월 13일

Tridge summary

April 2023 U.S. trade data showed dairy product export sales significantly weakened, marking the worst year-over-year decline in four years. The decrease was unexpectedly large and affected multiple product categories, especially cheese. Factors contributing to the decline include global dairy demand softness and increased competition from Europe and New Zealand. Despite these headwinds, U.S. dairy exports are expected to reach near record levels in FY 2023. In contrast, demand for dairy replacement heifers is strong, with Turkey and other countries seeking to rebuild herds after foot-and-mouth disease outbreaks. Additionally, the article covers the export of U.S. hay, beef cattle heifers, and embryos, and discusses ongoing trade issues and proposed legislation to improve export logistics.

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

Original content

April 2023 U.S. trade data showed dairy product export sales weakened substantially. At the same time, demand for dairy replacement heifers is much stronger as countries seek to rebuild herds following foot-and-mouth disease (FMD) outbreaks. Here’s a look at Progressive Dairy’s monthly ag trade summary. Dairy products While dairy product export performance was expected to weaken in April, the scale of the pullback and the variety of products impacted was a surprise, according to a monthly market update from the U.S. Dairy Export Council (USDEC). On a milk solids equivalent (MSE), April 2023 dairy product exports had their worst year-over-year decline in four years. Market softness impacted almost all the major product categories, especially cheese, with only high-quality whey protein concentrate posting a small increase. The 13% drop in April shipments pulled year-to-date export performance down to -0.3% MSE. With prices lower, export value took an even greater hit, falling 17% ...

Source: Progressivedairy