February 9, 2022: Dairy Week In Review

Strong global demand and tight supply helped drive U.S. dairy exports to a second consecutive volume  record in 2021 and a new all-time high in value. U.S. export volume last year increased 10% over 2020 to more than 2.3 million metric tons (MT) milk solid equivalent. The value of dairy exports rose 18% to  $7.75 billion in 2021, equivalent to more than 17% of U.S. milk produced last year, also an all-time high.  The U.S. set annual export records in cheese, nonfat dry milk/skim milk powder (NFDM/SMP), whey, lactose, and fluid milk and cream. U.S. cheese shipments topped 400,000 MT for the first time and whey surpassed 600,000 MT for the first time. NFDM/SMP fell just shy of 900,000 MT, topping out at  92,528 MT, according to the US Dairy Export Council. Read More