U.S. cheese and protein sales boost export value by 10%

Published Oct 10, 2024

Tridge summary

U.S. dairy exports in August saw a slight increase, with year-to-date export volume growth at 0.1%, the first positive growth in 2024. The export value increased by 10% to $708 million, largely due to cheese and proteins. Cheese exports rose by 21% from January to August, with Mexico being the leading buyer, and there was a steady growth in low-protein whey shipments. However, China, the largest customer, reduced its purchases in August. The Cooperatives Working Together (CWT) reported member cooperatives accepted 161 offers for export assistance in Q3 2024. Meanwhile, dairy heifer replacement exports were down 22% in August, while dairy embryo exports were up 18%. Finally, dairy-quality alfalfa hay exports were down 5% in August, with China reducing its imports by 32%.

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

Original content

August’s slight rise in U.S. dairy export volume positions year-to-date export volume growth at 0.1%, the first time in all of 2024 where volumes have surpassed the no-growth threshold. Here’s Progressive Dairy’s 30,000-foot look at dairy-related export categories. Cheese demand bolsters August’s export volumes August’s U.S. dairy export volume was up slightly compared to a year ago (1.7%), exemplifying the year’s yo-yoing trend with now four months of increased year-over-year milk solid equivalent (MSE) and four months of decreased year-over-year MSE, as explained in the U.S. Dairy Export Council’s monthly market update. The month’s growth does put year-to-date export volume in the positive for the first time this year (0.1%). The real story for August is year-over-year U.S. dairy export value increasing 10% to $708 million, with cheese and proteins as the main characters. The month’s vast progress is the biggest climb in 2024. All year, cheese has been the shining star with ...

Source: Progressivedairy