U.S. Dairy Exports Update – Nov ’19
Executive Summary U.S. dairy export figures provided by USDA were recently updated with values spanning through Sep ’19. Highlights from the updated report include:
- Sep ’19 U.S. butterfat export volumes declined on a YOY basis for the seventh consecutive month, finishing down 42.0% to a three year seasonal low level, however Sep ’19 U.S. cheese export volumes increased 12.0% on a YOY basis throughout the month, reaching a five year seasonal high.
- Sep ’19 U.S. dry whey and whey protein concentrate export volumes remained lower on a YOY basis on weak Chinese demand, declining by 22.4% and 9.0%, respectively. Sep ’19 U.S. nonfat dry milk/skim milk powder export volumes increased on a YOY basis for the first time in the past eight months, however, finishing up 25.1% to a record high seasonal level.
- Net dairy trade on a percentage of total U.S. milk-solids production basis declined YOY for the 11th consecutive month during Sep ’19, finishing down 4.9%. The YOY decline in net dairy trade on a percentage of milk-solids production was the smallest experienced throughout the 11 month period, however.