U.S. Dairy Exports Update – Sep ’20
Executive Summary U.S. dairy export figures provided by the USDA were recently updated with values spanning through Jul ’20. Highlights from the updated report include:
- U.S. butterfat export volumes finished 111.0% higher on a YOY basis throughout Jul ’20 however net butter trade remained at a negative level for the 27th consecutive month.
- U.S. cheese export volumes increased 5.4% on a YOY basis throughout Jul ’20, reaching a six year high seasonal level, despite cheddar cheese export volumes remaining lower on a YOY basis for the seventh time in the past eight months, declining by 10.0%. U.S. dry whey export volumes increased 65.1% on a YOY basis during Jul ’20, reaching a seven year high seasonal level, while whey protein concentrate export volumes increased 30.7% YOY throughout the month, finishing at an eight year seasonal high.
- U.S. nonfat dry milk/skim milk powder export volumes increased 52.3% on a YOY basis, remaining at a record high seasonal level for the third consecutive month.