U.S. Dairy Exports Update – Mar ’20
Executive Summary U.S. dairy export figures provided by the USDA were recently updated with values spanning through Jan ’20. Highlights from the updated report include:
- U.S. butterfat export volumes declined on a YOY basis for the 11th consecutive month during Jan ’20, finishing down 22.3% to a 13 year seasonal low level, however U.S. cheese export volumes increased 0.4% on a YOY basis throughout the month, finishing at a six year seasonal high level.
- U.S. dry whey export volumes declined 5.8% on a YOY basis during Jan ’20, reaching a five year seasonal low level, however whey protein concentrate export volumes increased 60.3% YOY, finishing higher for the fourth consecutive month. U.S. nonfat dry milk/skim milk powder export volumes increased on a YOY basis for the fifth consecutive month, finishing up 40.8% and reaching a record high seasonal level.
- Net dairy trade on a percentage of total U.S. milk-solids production basis increased on a YOY basis for the third consecutive month during Jan ’20, finishing up 27.5% and reaching a record high seasonal level.