Export Values Set New Record
U.S. dairy export volume reached an all-time high in February, according to the U.S. Dairy Export Council (USDEC). The driver was stronger ingredient sales to Southeast Asia, record lactose exports to China and greater cheese sales across the globe.
Shipments of milk powder, cheese, butterfat, whey and lactose in February were up 19% over year-ago levels. The value of these shipments was $454 million, up 4%. On a total milk solids basis, USDEC says U.S. exports were equivalents to 17.2% of U.S. milk production in February, the highest since October 2016. Imports were equivalent to 3.1%.
Powder sales to Southeast Asia have been strong, with shipments of nonfat dry milk/skim milk powder and dried whey up 71% versus last year. In addition to Southeast Asia, sales to Japah, Peru and the Middle East/North Africa all were significantly higher. This while shipments to Mexico were the most in nine months.
With regard to other products:
- Lactose: Daily average shipments were the most ever, up 27% from a year earlier. Shipments to China doubled.
- Cheese: Export volumes were the highest in 8 months and up 27% over last February.
- Whey: Total exports were up 7% over last year.
- Milk protein concentrate: Exports were the highest in nearly 3 years.
- Fluid milk/cream: up 6% in February. Sales to Canada were the most in 9 months, though behind a year ago.
- Butterfat and whole milk powder: shipments were higher than year-ago levels but volume was small
For a look at interactive export charts and historical data, click here.