U.S. dairy exports surge to new highs

Published May 6, 2021

Tridge summary

U.S. dairy exports have reached record highs in the first quarter of 2021, with significant growth in Southeast Asia and Mexico, making the U.S. the leading market share holder in milk solids exports in the region. Dairy product exports in March totaled a record 215,557 metric tons and were valued at $688 million, a 16% increase from the previous year. However, logistical challenges continue to impact hay exports, despite a substantial increase in March. On the other hand, exports of dairy replacement heifers have seen a sharp decline in March, with only 782 head exported, likely due to increasing costs and a changing industry. The National Milk Producers Federation is urging the U.S. Department of Transportation to preserve U.S. access to shipping containers and ocean access to foreign markets to address ongoing shipping issues.

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

Original content

After a winter of discontent hampered by logistical problems and other coronavirus-related challenges, U.S. agricultural exporters added some spring to their steps, with March 2021 global sales setting a strong pace on several fronts. Dairy products: New records Whether measured by volume, value or percentage of production, the first quarter of 2021 ended with a shower of good news for dairy product exports, according to a monthly update from the U.S. Dairy Export Council (USDEC). Southeast Asian demand for U.S. dairy continues to run hot. The U.S. has steadily grown market share in that area over the past year, overtaking New Zealand and the European Union to become the largest market share holder in milk solids exports, USDEC reported. The strong growth in March can partially be attributed to a “rubber band” effect, where product was purchased potentially months ago and was finally able to find its way onto a boat for March delivery. Ongoing port issues remain a key obstacle for ...

Source: Progressivedairy