August 10, 2021: Dairy Week In Review

US dairy exports set a new record in June, up 5.7 percent from a year ago to 199,383 metric tons of milk solids sold overseas. The total export value was also up, increasing 14.7 percent to $670  million. Butterfat volumes exported grew by nearly 65 percent, while whey products also boasted significant increases. Cheese exports fell 13.1 percent, while whole milk powder exports were down nearly 40 percent. US dairy exports represented 18.1 percent of US milk solids during the month of June, down slightly from April and May levels but up about a half percent from a year ago.  Through the end of June 2021, exports are on pace to exceed 2020 volume and value. Dairy export volume for the first half of the year increased 12.7 percent to 1.183 million metric tons (MT)  compared to 1.049 million MT during the first half of 2020. The value of these exports was up 13.3 percent to nearly $3.81 million. The top 4 dairy export categories include skim milk powder plus  nonfat dry milk (SMP/NDM), dry whey, cheese, and lactose. These four categories currently account for 88 percent of the total export volume. Read More