U.S. Dairy Exports Update – Apr ’20
Executive Summary U.S. dairy export figures provided by the USDA were recently updated with values spanning through Feb ’20. Highlights from the updated report include:
- U.S. butterfat export volumes declined on a YOY basis for the 12th consecutive month during Feb ’20, finishing down 39.6% and reaching a 13 year seasonal low level. U.S. cheese export volumes declined 8.2% on a YOY basis throughout the month, finishing lower for the second time in the past three months.
- U.S. dry whey export volumes increased 22.3% on a YOY basis during Feb ’20, finishing higher for the first time in the past 18 months, while whey protein concentrate export volumes increased 26.1% YOY, finishing higher for the fifth consecutive month. U.S. nonfat dry milk/skim milk powder export volumes declined on a YOY basis for the first time in the past six months, however, finishing down 4.7%.
- Net dairy trade on a percentage of total U.S. milk-solids production basis increased on a YOY basis for the fourth consecutive month during Feb ’20, finishing up 2.8%.