U.S. Dairy Exports Update – Sep ’18
Executive Summary U.S. dairy export figures provided by USDA were recently updated with values spanning through Jul ’18. Highlights from the updated report include:
- Jul ’18 U.S. butterfat export volumes increased 66.1% YOY, finishing higher for the tenth consecutive month and reaching a four year seasonal high for the month of July. Butterfat import volumes exceeded export volumes for the third consecutive month during Jul ’18, however, as import volumes finished at a 17 year seasonal high. Jul ’18 U.S. cheese export volumes increased on a YOY basis for the 20th time in the past 22 months, finishing up 1.4% to a four year seasonal high for the month of July.
- Jul ’18 U.S. nonfat dry milk/skim milk powder export volumes increased on a YOY basis for the ninth consecutive month, finishing up 28.9% to a record seasonal high for the month of July. Jul ’18 U.S. dry whey and whey protein concentrate export volumes each declined on a YOY basis on weak Chinese demand, however, finishing down 10.7% and 18.1%, respectively.
- Net dairy trade on a percentage of total U.S. milk-solids production basis continued to decline from the Apr ’18 record high but remained higher on a YOY basis for the ninth consecutive month, finishing up 17.3%. Export volumes on a percentage of milk-solids production basis finished at a four year seasonal high for the month of July while import volumes finished at a four year seasonal low.