Exports Critical to U.S. Dairy Prices

July 6, 2015 08:33 AM
 
Exports Critical to U.S. Dairy Prices

If you are still skeptical dairy exports don’t play a role in your milk check, take a gander at these 10 charts prepared by the U.S. Dairy Export Council. 

They show:

• The value of U.S. dairy exports now exceed $7 billion.

• Last year, more than one in seven tanker loads of milk were sold to export markets.

• Dairy exports now require the production of more than 1.4 million U.S. cows.

Chart3

• Dairy exports to Korea have nearly doubled in the last five years.

• Over the last decades, dairy export growth has averaged 17% per year.

• Mexico is our number 1 customer, buying almost a fourth of U.S. dairy exports.

U.S. Dairy exports to Mexico, Southeast Asia, Middle East/North Africa, China and Canada have all increased significantly since 2007. 

Dairy products had the highest percentage increase in value (338%) among U.S. agricultural products exported to Southeast Asia between fiscal year 2009 and 2014.

• The United States is now the single largest exporter of cheese in the world.

• The United States is also the single largest exports of skim milk powder in the world. 

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