U.S. dairy, ag exporters overcoming impediments

Published Apr 9, 2021

Tridge summary

U.S. dairy product exports experienced a surge in February, with a 15% increase in volume and a 7% increase in value year-over-year, despite shipping delays and a shorter month. This growth was led by nonfat dry milk, skim milk powder, and whey products to Mexico, Southeast Asia, and China. Cheese exports also saw growth, reaching over 30,000 metric tons since August 2020. Dairy heifer exports also saw a short-term surge, with the highest total in 13 months. Hay export activity also picked up, with the second-highest monthly total since August 2020. The U.S. trade surplus was either $2 billion or $2.3 billion in February, depending on the definition of agricultural products used. The National Milk Producers Federation and the U.S. Dairy Export Council have called for greater enforcement of U.S. trade rules and negotiating terms for America’s exports to foreign markets.

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

Original content

U.S. agricultural exporters overcame some of the impediments that plagued them in recent months, helping create a resurgence of foreign sales in February. Dairy products Despite having one fewer day in February 2021 compared to last year and U.S. suppliers still facing shipping delays and other challenges, U.S. dairy product exports surged in February, according to a monthly update from the U.S. Dairy Export Council (USDEC). Volume basis: On a milk solids equivalent basis, February 2021 exports were jumped 15% compared to the same month a year ago. February’s growth was driven primarily by a resurgence in nonfat dry milk (NFDM) skim milk powder (SMP) to Mexico and Southeast Asia and whey products to China. February’s NFDM/SMP export data was a surprise after forecasts shipping frustrations common during November-January were expected to continue. Despite that, milk powder exports grew substantially, up 31% over February 2020. Looking ahead, this suggests that if U.S. exporters can ...

Source: Progressivedairy