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August dairy product exports sustain strong pace

Dairy
United States
Price Trend
Supply Yield / Stock Quantity
Oct 8, 2020
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August was another strong month for U.S. dairy exports, sustaining double-digit growth in both volume and value compared with a year ago. That helped push the overall August ag trade balance into positive numbers for just the second month in 2020. Here’s an update on the U.S. ag export categories tracked by Progressive Dairy and a summary of other trade news. Dairy products Southeast Asia and China continued to emerge as bright spots for foreign sales, according to the U.S. Dairy Export Council (USDEC). Volume basis: U.S. dairy export volume (milk solids basis) grew 17% in August (versus the previous year), putting year-to-date volume up 16%. Most major product categories booked strong gains in August. U.S. suppliers shipped 190,435 tons of milk powder, cheese, whey products, lactose and butterfat – a record for the month. The August increase capped a full year – 12 straight months – of year-over-year increases in aggregate U.S. dairy export volume. With the aid of competitive ...
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