Exports were equivalent to 17.5% of U.S. milk production in August.
Source: U.S. Dairy Export Council
U.S. dairy exporters posted another strong performance in August, led by ramped-up sales to China, the Middle East/North Africa (MENA) region and Southeast Asia.
Total exports for the month were valued at $614 million up 45% from a year ago. Sales to China (mostly milk powder and whey products) were up 170%; shipments to MENA (mostly butter, powder and cheese) were up 108%; and exports to Southeast Asia (mostly skim milk powder) were up 55%.
That brought year-to-date export values to $4.34 billion, 23% ahead of last year’s pace. On a volume basis, exporters shipped 175,684 tons of milk powder, cheese, butterfat, whey and lactose during
August, up 26% from the prior year. Nonfat dry milk/skim milk powder (NDM/SMP) exports were up 16% in the January-August period, led hefty gains in sales to Southeast Asia (+45%) and China (+170%).
Cheese exports in August were a record high 28,134 tons, +40% from last year. Sales to Egypt nearly
Butterfat exports were 8,942 tons in August, +237% vs. a year ago and the most in five years.
In August, the United States exported 69% of the NDM/SMP produced, 6.7% of its cheese and 14.5% of its butterfat.
On a total-solids basis, exports were equivalent to 17.5% of U.S. milk production in August. Meanwhile, imports as a percent of milk-solids production in August were 2.8%.
Market Snapshot, Noon CT (VIP) -- October 28, 2013
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