Total US domestic milk consumption across all products returned to positive annual growth during the third quarter for the first time since the beginning of this year. Increased consumption of all types of cheese was one of the main drivers of this positive development. Meanwhile, US dairy export volumes eased slightly during the third quarter from the previous quarter's record pace, but kept the US dairy industry on track to set another record this year. Year-to-Q3 performance was 18% of total US milk solids production, significantly above the current 2021 record of 17.3%. milk after many months below last year's levels. Despite this greater offer, dairy prices, which had been falling in recent months, found a floor and recovered in some cases during the month of October. Retail price inflation for all items, for food and beverage categories, for dairy products and for most individual dairy products was lower in October than the previous month. The Dairy Margin Coverage program ...
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