U.S. Dairy Exports Update – Apr ’18
Executive Summary U.S. dairy export figures provided by USDA were recently updated with values spanning through Feb ’18. Highlights from the updated report include:
- U.S. butterfat export volumes increased 19.8% YOY, finishing higher for the tenth time in the past 11 months. The U.S. remained a net importer of butter for the 35th time in the past 37 months, however.
- U.S. cheese export volumes increased on a YOY basis for the 16th time in the past 17 months, finishing up 6.8%, while U.S. dry whey export volumes increased 28.7% YOY, finishing higher for the 18th time in the past 20 months and reaching a record seasonal high for the month of February. U.S. whey protein concentrate and nonfat dry milk/skim milk powder export volumes also increased to record seasonal highs, finishing up 0.9% YOY and 27.4% YOY, respectively, throughout the month.
- Net dairy trade on a percentage of total U.S. milk-solids production basis finished higher YOY for the fourth consecutive month, increasing by 25.9%. Export volumes on a percentage of milk-solids production basis reached a 16 month high throughout the month.