June dairy product exports cap strong first half of 2020

Published Aug 7, 2020

Tridge summary

Despite a highly disrupted trade environment, June capped a six-month period that saw U.S. dairy product exports post double-digit growth. On the other hand, exports of hay dipped to a five-month low, while exports of dairy replacement heifers fell to the lowest level in more than four years. The strong dairy exports weren’t enough to offset agricultural imports, leading to a fourth straight “deficit” month for U.S. ag trade.

Original content

Here’s an early August update on three U.S. ag export categories tracked by Progressive Dairy, and other dairy export news. Dairy product sales are headliner Headline highlights regarding dairy product exports in June included record cheese exports, continued robust sales of nonfat dry milk and skim milk powder (NDM/SMP), ongoing recovery of whey sales and record shipments of fluid milk/cream, according to the U.S. Dairy Export Council (USDEC). Volume basis: U.S. suppliers shipped 206,411 tons of milk powders, cheese, whey products, lactose and butterfat in June 2020, 28% more than the June 2019. Overall volume gains versus a year ago came from Southeast Asia, China and the Middle East/North Africa (MENA) region, plus a welcome improvement in sales to Mexico. Cheese exports in June were the most ever, up 29% from June 2019. Exports of NDM/SMP were up 77% from a year ago. China’s whey needs are expanding, largely due to swine herd restocking following last year’s African swine ...

Source: Progressivedairy